The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-26
TOP NOTCH OF ACTIVITY
ALL BUSINESS MOVING ALONG IN
VERY HEAVY VOLUME.
Outlook Good for a MISUNDERSTANDING
Year i'm Iron and SteeI--Innuence
of the Car Shortage.

NEW YORK, Oct. 25.-R. CT. Dun & Co. s
weekly review OF trade tomorrow VIII
say:
with mills. shops factories and furnaces
assured of full operation until the end or
the year, as a rule, and many contracts
already running far into 1902, there Is no
occasion for anxiety regarding the lnuus-
trial situation. JObbers are still urgently
asking prompt deliveries by manufacturers
of staple lines. while opening transactions
in fancy goods for the holidays are I'M
usually early. showing that dealers dnIlcl-
pate a large trade. Retail distribution OF
heavyweight wearing apparel ana other
seasOnable goods Is checked by tardileSS OF
low temperature, which IS extremely loI-
tunate in many cases, where makers nave
been unable TO fill orders according 10
specifications. Prices of commodities rule
firm and collections are satisfactory, even
Southern payments coming forward
promptly.
Each week the situation as to iron and
steel becomes more encouraging, orders
now running to the middle OF l9O2 III many
finished products. Despite the extensive adj
ditionS to productive capacity last year,
there is still much work IN progress or
preparation. promising many new plants
ready to start next year. The feature of
the week was the placing OF enormous or
ders for steel rails, practically assuring an
other record-breaking output. Other rail-
road supplies are also in great demand. the
most serious embarrassment being felt at
many points on account of the car short
age. Added TO this is much structural work
in replacing wooden bridges by steel Arches
and in the minor lines there is an equally
vigorous demand. Pig iron reflects the brisk
movement in finished products and higher
prices are anticipated. 1t Is worthy OF
note that the domestic situation is not cal
culated to stimulate export trade, and the
loss of much foreign business may be di-
rectIV attributed TO the strike. which put
the mills so far behind OH home orders.
Coke ovens are active and the output Is
large, but lack of cars and motive power
restricts shipments.
Eastern makers of boots and shoes are
stll engaged on late orders for winter
goods. and contracts come III freely from
the West for spring lines. A much larger
capacity will be in operation next year.
Prices are unchanged, but the rise in Ieath-
er makes it difficult to defer advances,
while distant contracts are not sought at
current rates.
I'm wooden goods conditions are quiet on
account of the warm weather. but mills
are fully occupied and producers of knit
goods have orders TOR some time.
Strength in the raw material is conspicu-
Gus, mills buying freely. In cotton goods
the situation is disturbed by the action of
a large manufacturer, who advanced wages
per cent. Shor. time ago and again this
week announced per cent. rise to SO
into effect on Nov. 4.
More satisfactory prices are received
figures being surpassed. NEUTRALITY-SUSPICIOUS.
the largely increased yield just harvested.
Smaller crops of other cereals and hay
caused the use or much wheat In fdtten-
ing live stock, and with lard more than
cents above last weeks prices and mess
pork IS a barrel higher. this has been a
most profitable proceeding. Foreign buy
ing also is heavy. exports for the week in
Guiding flour, amounting to 4S94.9SS bu,
against 3.954,2G0 last year and Bliss 492 III
1929. Corn was supported by estimates of
a reduced Weld in Roumanid and SDlen-
did increase in Atlantic exports TO l.lJ4. $50
Blu, against sol 135 i'm the preceding week
Failures for the week numbered in the
United States 2l0. against 205 last year, and
twenty-nine in Canada, against twenty
eight last year