The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-17
GLOWING WITH PROMISE
COMMERCIAL AND INDUSTRIAL SKIES
BRIGHTEN WITH ACTIVITY.
All Lines of Business More Active
The Decline i'm CereaIs-Exports
of Cotton-RecOrd of Failures.

NEW YORK, Nov. 16-R. G. Duns week
ly Review of Trade will say tomorrow.
Prices of commodities advance almost
without exception, and all the changes in
manufactured goods are in the direction
of hrmer quotations. The smallness of
stocks of goods carried is feature of our
reports from most of the leading centers.
Scarcity of labor gives manufacturers in
the Middle States great concern. Activity
OF iron and steel mills steadily increases.
and there is an equally uniform advance
In quotations. The gain has been more
general this week than at any previous
time this season. pig iron moving up -
cents ton, and corresponding gsins APP
pearing In bars, billets, plates and struc-
tural materials generally. Instead of the
recent, agitation for cheaper steel rails,
there is now talk OF an advance to SIS,
owing to the further rise in steel billets.
Orders come forward in the best volume
since last spring, when there was severe
imitation of prices. and requests for quick
delivery are general The report of pig
iron production on Nov. 1, by the Iron Age.
shows weekly capacity of only 215.304
tons. the smallest since September, 1898.
but the reduction of 1900 tons from Oct. l.
IN furnace stocks, is most encouraging
These figures. with the activity I'm all
branches of the industry. Indicate that
there will be further reduction in out
put but the December statement probably
will show more than 200 furnaces in blast
Packer hides at Chicago have ceased To
advance. but remain firm at top figures
and country hides made further gains
Tanners are not buying eagerly, and offer
fngs also are moderate. Leather QUOTA
tons are only slightly altered while most
grades are steady at former figures. Belt
ing butts have advanced sharply Boot and
shoe manufacturers are still unable to
secure any advance IA quotations, al
though they are attempting TO raise lists
2h cents. Local jo5bers are well supplied
but more seasonable weather has stimu-
lated retail trade. Textile industries are
rather quiet. although heavy weight goods
move more freely with the lower tempera-
ture- Wooden manufacturers are not yet
seeking raw material in great quantity and
wool IS not changed in prices. Sales at
the three chief Eastern markets have
again increased. while Western consign-
ers still insist that commission men shall
not accept lower bids.
y temporary furry I'm the wheat market
on Monday took the December option above
S. cents. IL was reported that Wall-street
operators were turning their attention TO
grain. Publication of the usual weekly
statistics had depressing effect. however,
particularly the enormous exports from
earlier statements that the crop was short
I'm northern Europe. The much discussed
advance in meats at Chicago was not
heavy, hut scarcity of first quality fresh
eggs has brought very high prices. Cotton
rose slightly. Exports TO Great Britain
continue heavy. even at prices cents
higher Than a year ago. Total cotton ship
n,ents I'm October were valued az $60. 391. i07.
exceeding all records and showing a gain
OF 2rp per cent over the previous month.
Failures FOR the week We're 3l7 I'm the
United States. against 2i9 last year, am
IS In caneda, against 70 last year.