The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-03-31
TOWARD BETTER THINGS
SECURITIES ADVANCE TO THE HIGH
EST POINT OF THE YEAR.
Dry Goods Trade Is Quiet-COttOn
FractiOnally Lower-Strcngth of
the Iron and Steel Markets.

NEW YORK. March sO.-R. G. Dun &
will say: Progress toward better things has
been unmistakable. 1t was year ago
that the frenzied speculation i'm industrial
stocks reached its elimination, with prices
averaging higher than at any time since.
while railroad stocks, after some decline,
rose sl.1S per share higher in September.
and after the fall in both. which ended in
December. have risen 1856 per share to the
highest point of this year. The advance
during the past week has been remarkably
vigorous and with more public support than
before.
Wheat exports fall far below last years,
amounting in the week to 9,766,S9l bushels,
against 14105.sS4 bushels last year. The
price has advanced 2Ac with statements
that the crop of France is greatly reduced,
though ii is rather early to make any such
estimate. The exports of corn again prove
the magnitude of foreign demand for GER
calls, as the extraordinary movement of last
year is closely approached, u,794.S75 BUSH
els having gone abroad in four weeks, as
against 13.102.Sl1 bushels last year. The
Western receipts are nearly three times as
large as in the same week last year. indi-
eating abundant supply on hand but the
price has risen IL cents.
Cotton has declined &c this week, but
supplies are so small and easily controlled
that the future cannot well be predicted
Foreign needs to continue consumption I'M
I'll the end of the crop year are not now
large. but must be supplied from the de-
creasing stocks here. The demand for cot
ton goods is fair for immediate needs. but
the tone is weaker for future deliveries and
some resales by spectators and converters
have been made at concessions. Wool has
declined fully Gent on the average of re-
vised quotations, and more for fleece and
fine fine medium territory, which sells
at So cents clean, with medium clothing at
SO cents. The goods market is quiet and Or
GERS are limited.
Iron Is growing weaker except in Bes-
semer pig, which is held at s249O at Pitts
burg, in spite of small sales of Eastern at
lower figures. Anthracite No. has sold a
little above s23 and basic at SO. so. with
Eastern forge offered at 5000 at Pittsburg.
In finished products no further change ap-
pears except in refined bars, which sell in
large orders close to cents at Philadel-
phia, and in plates, which are selling at 2
cents or less at both markets. Better prices
are expected from the consolidation in
sheets.
The advance of cent i'm hemlock sole
leather has led to some heavy transactions,
though, in fact, but a restoration of prices
paid in January. Ii restricts orders for
boots and shoes, which are small although
shipments continue about per cent. larger
than last year for March, exceeding those
of other years still more. Hides at Chi
cago continue to decline, though slowly.
Transactions through clearing houses
show a much smaller volume of business
than year ago, the daily average for
March being 14.3 per cent. smaller than last
year and but 34.4 per cent. larger than In
1898.
Failures for the week have been 203 in the
United States. against 1S4 last year. and
thirty-three in Canada, against twenty-six
last year.