The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-09-22
GOOD SIGNS ARE NUMEROUS.
Coal and Iron Situations the Only
Clouds I'm the Sky.


NEW YORK, Sept. 2l.-Bradstreet to-
morrow will say: The unfavorable turn
given the general industrial situation by
the strike of anthracite coal miners, and
the possibility of wages dispute i'm the iron
trade, with rather less activity in the lat
ter industry and some increase of weak
ness in the prices of cruder forms. have
given an appearance of irregularity to the
general trade and business situation. On
the other hand. the course of
orally upward this week; fall dis
tribution of dry goods clothing hats and
millinery has been of large volume at near
ly all markets; there is a decidedly better
tone noted in the boot and shoe and kim
ored trades, and the strength of cotton
goods, though apparently in excess of that
shown by the raw material, has been re-
garded as indicative of confidence on the
part Of manufacturers.
Premature opening, due to dry, hot
weather, is responsible for portion of
the heavy movement of cotton TO market
but back of this, of course. is the desire
to profit by the exceedingly good prices
ruling. The rush of receipts has been too
much for the bull movement. however and
the price is materially lower on the week
Raw cotton and cotton goods have parted
company as to prices. The rush of buyers
to secure stocks has advanced print
cloths, ginghams, bleached goods, prints
and. in fact. nearly all classes of cottons,
Of commission men and jobbers Most
manufacturers are refusing TO take orders
except at value based on the cost of
raw material. Southern yarn spinners are
reported curtailing operations, and the
English spinners are in an especially bad
situation, owing TO small supplies and high
prices of the raw material
Reports of damage TO grain in shock I'm
the Northwest, reinforced by Northwestern
buying at Chicago, furnished the KEY TO
the advance of nearly &c i'm wheat this
week, followed by gain of 20 10 25 cents
in -four and of 1L4c In corn. Some of this
advance in wheat was aftefward lost in
realizing. Other farm products are higher.
PORK and lard advancing on better export
business, and butter and cheese on i'm
proved weather.
Iron and steel are rather quiet as a whole.
| and some weakness is noted in Southern
| pig and steel biilets at Pittsburg. On the
other hand finished products are as a rule
| firm. and bars are to be advanced 81 at
| Chicago. Export inquiry continues good
| but the high ocean rates and the scarcity
| of any kind OF freight room renders the
outlook uncertain. In the meanwhile
| American bars and plates are underseliine
| British and Scotch goods at the latter
points of production
Wheat, including -four shipments for
| the week, aggregate 3.535.s57 blu, against
| responding week of 1899. and 5,224927 I'm
| 1893 From July ! TO date. wheat exports
3S,5l96 $50 blu. against &c, Ga, $50 last sea-
| son, and 4l,69i,0lS in 1898.
Corn exports for the week aggregate
| 2.134205 blu. against 2,402 $50 last week, g.
F.! 1896 in this week year ago, and 2626 200
| III 1898. From July TO date. corn exports
80, 7el al blu. against So, las 52s last sea-
| son, and 33565.l62 in 1898.
| Business failures for the week In the
United States number 1s3, against 167 last
week, 147 in this week year ago, and lS2
| in 1898.