The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-10-20
MARKET is MOVING UP
TRADE SHOWS A MATERIAL IN
CREASE OVER LATE REPORTS.
Agricultural Products fn Relatively
Better Positfon-Iron, Steel and
TextileS-Record of Failures.

NEW YORK, Oct. 19.-R. q. Dun & Co. s
weekly Review of Trade will say to-mor-
row: A settlement of the coal strike salts
factory to all interests having been effect
ed. business breathes more freely in the
East, and distribution of merchandise is
increasing slowly again. though the cleo
ton excitement keeps new buying in many
lines down to wants for immediate con-
sumption. In the West there is not the
same hesitation. and there, well as in
the South, the marketing of the crops Is
responsible for feeling of much conf
dence in the movement of business, IL the
Nation acts conservatively at the polls
Prices of commodities are weaker, and the
caution so gratifying in presidential year
keeps speculation at minimum. Cotton
further declined, making the loss about ST
a bale in two weeks. Planters are rushing
work and picking is expected to progress
rapidly enough to save most of the crop
from early frost High prices make IT
possible to pay increased wages TO pickers,
and the movement at receiving points in
creases largely. Domestic spinners are not
liberal buyers, but exports are only slightly
smaller than year ago. Foreign buying
iHCItdStu Will tie IeCtHt SHdiP uSShhc.
Wheat has shown weakness. due in part
to the greater activity at Russian ports;
and Atlantic exports for the week were
only 2,647,2 bu, against 3.270,226 year ago.
Corn also declined, but is &c above last
year, which may account for the loss in
exports in three weeks 7,654.765 blu, against
1O924,4O6 in 1899.
Few important fluctuations occurred in
iron and steel, but there were small adj
vances in Bessemer pig at Pittsburg and
billets at Philadelphia. Moderate gains are
reported in the volume of transactions. al
though the tendency is to delay large con-
tracts a few weeks. Implement makers
take bar iron freely, however, and orders
for pipe are urgent with severe weather
coming on. Structural shapes are taken
for foreign points as far distant as Egypt
and domestic bridge builders buy freely.
More mills have gone into blast and the
general tone is improving. Production of
coke has increased, but prices are easy and
many ovens still idle.
Leather and hides are firm, selling freely
because of steady Improvement In demand
for boots and shoes. Jobbers placing
large orders with manufacturers and de-
mand is no longer limited to fall goods.
Spring contracts are increasing at an en-
couraging rate, although an effort is made
to keep the sales as quiet as possible, owing
to the effect on the market for raw ma
terial
While wooden mills are not working at
full capacity, seasonable weather has in
creased buying in this line and purchases
of wool at the three chief Eastern markets
increased to 4,524,0 900 pounds, the best total
for long time, although still far below
the amount taken through speculative ac-
uvity year ago. Prices are steady and
holders show no loss of confidence.
Failures for the week were 209 in the
United States, against AS last year, and
twenty-six in Canada, against twenty last
year.