The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-24
TRADE ON THE UP GRADE
NEARLY ALL LINES OF BUSINESS
SHOW SIGNS OF EXPANSION.
Speculation Trading Not i'm Dangerous
yo,ume-Iron and Steel Most Ac-
tfve-Cereals apd Textiles.

NEW YORK, Nov Or. G. Dun &
Co.'S weekly review of trade tomorrow
will say: With reasonable promptness
business is recovering both activity and
tore. and. fortunately. without the sharp
rise in general prices which was seen In
the spring. and which was followed by
sudden and serious transition to more
natural range. Manufactured goods are
rising in response TO better demand from
distributing sources. helped at the end or
the week by the more seasonable weather.
Business is not yet what it was on the top
wave of industrial prosperity. but the
working force is fast increasing
Recital of conditions in the iron and steel
market has become a monotonous repeti-
ton. Each week there is the same record
of activity so generally distributed that
everything. from the raw material TO the
finished product, enjoys share. There is
also the same freedom from speculative &C
emulation i'm anticipation of fancy prices
that has been for weeks the most encour-
aging feature. Railroad companies compete
for rolling stock. Export orders in some
lines are filed with difficulty, owing to the
unusual domestic demand for all forms of
iron and steel products but in no quarter
Is there any unreasonable imitation or
prices such as was seen during the mete-
-oric ascent of last year. In few descrip-
tions prices on export orders are shaded to
hold the business
Two factors initiate strongly against
activity and strength in wool and woOlens.
Mild weather has been the adverse infiu-
ence reducing sales far below a normal
volume in this vicinity. while liquidation OF
embarrassed concerns threatens To throw
a considerable quantity on the market at
forced sales. In the light of these disquiet-
ing features il is not surprising that sales
OF wool at the three chief Eastern markets
declined to 5354. 33l pounds. against S.352 600
I'm tie week preceding and l9.S1O,SS2 a year
ago. Hides continue TO rise, regardless OF
the largest arrivals of cattle at Chicago in
many years. Leather has ceased To follow
the advancing hide market and most
grades OF boots and shoes are at the prices
prevailing two months ago. except for a
gain of 2lac In mems satin shoes and split
over 10 per cent in hides in these two
months. the gain in the finished product
IS Insignificant, but every attempt To Sc
cure higher prices ends negotiations for
sales and IL is necessary 10 take orders at
old rates close the shops.
Cndsunted by recent reverSeS sDecu-
latorS In cotton advanced the price about
Sc 50 A bale in ten days Receipts have been
current crop cannot be Appropriated BY
aav ordinary system of averages this year
owing to the ample funds in the hands OF
pianters enabling them TO hold back much
OF their crop. Estimates have fallen below
ls.Goo oo bales because of the slow
ment and this fact, together with last
months record-brcaking value of exports.
forms the basis af present prices October
shipments unlik ely 10 be equaled again.
while sales OF next Septembers options at
& do not take into account plans for
large Increase In acreage next yest-,
r'aiiures foF tie -s-ak were z3S In the