The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-19
BEYOND ALL PRECEDENT
ACTUAL BUSINESS FOR THE YEAR
is SURPRISING ALL RECORDS.
Speculation, the other Hand, IL
Relatively SIow-Crop Estimates
and the Cereal Movement.

NEW YORK. Oct 1s.-R. G. Dun & Co.. s
weekly review OF trade tomorrow Will
say:
"Unfavorable signs are rare in the bust
ness outlook. Manufacturing industries en-
joy exceptional activity ana most JObDerS
and retailers find no occasion for com
plant. Mild weather is the one influence
that may be charged with retarding re-
tail merchandise distribution, yet there is
general confidence that any sales thus post
poned will be made up later. The same IN
fiuepce is invaluable I'm facilitating the
handling of crops. erecting buildings and
other outdoor work. Although nfth OF
the year is still to be heard from, including
the usual interruption from elections and
possible disturbances of exchange, there Is
ample evidence that the volume OF leglt-
mate business will largely exceed all pre-
vious records. Speculation Is comparatively
quiet, both In securities and options on
leading products, which emphasizes the ac-
tivity in trade channels as shown by the
bank exchanges for the week at New York
81 per cent. larger than last year and 81
above 1899, while at other leading cities
the gains were 1853 and 81 per cent. re-
Strength without imitation still summar-
ICES the iron and steel situation. Despite
two months of interruption by the striAe,
evidence accumuates that the year will
surpass all records in production of finished
material and consequently in consumption
of ore and pig iron. Orders already booked
for delivery far into 1902 promise that next
year will bring still higher records, and the
steadiness of prices makes the outlook es-
pecially favorable Mills, as a rule, have
practically closed contracts for all the or
ders that can be filled this year. and future
developments can only affect conditions in
1902 as to finished steel.
Footwear factories still have many
weeks full employment on heavy weight
goods for winter Supplementary orders
for seasonable lines still arrive from East
ern JobberS. Prices are not quOtably high
er, though the rapid rise of leather and
hides have so taken from the profit that
shoes must soon deteriorate i'm quality
if better quotations are not forthcoming
speculation. but buying by the leading
manufacturers for actual consumption also
reaches large total.
Cotton moves freely with prices well
sustained for all lines and definite advances
in bleached goods. Wooden goods are more
quiet, yet shipments of over 100000 pounds
of wool weekly from Boston indicate no
decrease in activity at the mills.
Fluctuations in cereals were small with
receded a little further, influenced unfaV-
orable by the Insignificant shipments from
Atlantic ports, only 501. $50 bushels for the
week compared with 2.799 SS7 last year and
4747,25S in 1899. Wheat lost a little Of the
early gain, although declining prices
year ago makes the difference smaller than
il has been at any time this crop year
Foreign buying of -four is still unsatis-
factory, but the outgo of wheat is heavy:
for the week United States exports, flour
included amounting TO 439l. 053 bushels
compared with 3.646 761 last year and A. 255.-
766 two years ago.
Failures for the week numbered 229 in
the United States. against 300 last year
and 81 in Canada, against 26 last year