The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-09-28
JoBBING TRADE IN THE WEST
III Is VERY HEAVY AND IL THE
WEEKS LEADING FEATURE.
Bradstrect's View of the Grain Mar
ket COnditions-lncreas In
dianapoIis CIcarings.

NEW YORK. Sept. Pr. c.. Dun & Co.'S
Weekly Review of Trade tomorrow will
say:
Normal conditions have been fully re-
stored i'm the distribution Of merchandise,
the placing of delayed orders stimulating
the few lines that appeared 10 halt. one
OF the most gratifying features of the busi-
ness situation is the pronounced preference
for the better grades of goods. clearly indi-
eating the improved financial condition OF
consumers. Resumption OF work has pro-
gressed rapidly in the steel industry since
the settlement Of the labor controversy. and
there is little discord between employer
and employed i'm other lines. Stability OF
prices, without imitation. is the rule. except
where the unusual size of crops introduces
a special factor.
Steel production is now progressing at
nearly the average rate. There are inter-
ruptions and delays through inability TO
secure special lines OF material, and higher
prices are quoted for steel and iron bars.
steel billets and some other shapes. In
pig iron there is the greatest activity since
the strike began. most brands reaching
higher prices. Sales OF 1000 tons bessemer
at Valley furnace were reported equal TO
SIG delivered at Pittsburg. other large or
ders were under negotiation, and producers
look for a rising market Higher prices
for bllets were partially nominal owing 20
the impossibility OF securing deliveries. but
a free movement is anticipated shortly. ~
Tecord-breaking output of steel rails Is
practically assured for 1901 and the new
year will open with unparalleled volume
of business on the books. Plates and stl uc-
tural material are very strong.
"The market for footwear Is still on a
strong basis. In a few cases prices are
higher. while other
sold at better figures, but not suff1cient
business is recorded to warrant a change
in list prices. Leather and hides still reflect
the heavy demand for finished products,
and exports Of leather are also sustain-
Textile lines were well engaged as a
rule, much better news being received from
cotton spinners at the North. and Southern
mills are busy, though there Is less night
work Wool is quiet but firm. lnvestiga-
tion Of the cotton situation throughout the
entire belt reveals an extremely uncertain
state of affairs. At many points the crop
is beyond danger, so far as frost is con-
cerned, while on some plantations this Is
the only factor that can prevent an in
crease over the previous yield. There is no
doubt regarding the extensive losses suf-
fered in Texas. but the tenor of reports
from all States promises 10 more than make
up the deficiency If weather conditions are
favorable during the next few weeks
Heavy rains have recently done serious
damage. tending 10 reduce expectations of
IL 100000 bales that had prevailed for a
time. There does not appear To be any con-
certed effort TO hold back the crop and
light port receipts must be attributed TO
the lateness OF the staple.
'Steadiness i'm quotations Of corn at the
present high level is all that producers
could desire. Making full allowance for
the small yield and the decrease in exports,
which thus far has been much greater pro-
poTtionately, there does not appear 10 be
satisfactory reason for the rise OF Is cents
over last years figures and p cents over
the price at this date i'm 1889. Shipments
from the Atlantic coast for the week were
72S. .020 bu, against 1.560.0lS bu last year and
2,954 Az bu two years ago. a heavier move
ment is expected owing 10 larger buying
for foreign account. secured through low
rates for transportation. Wheat Is well
sustained. and still better prices are prom
ised by the heavy export movement. which
from all United States ports for the week
reached 5.26S, 4l3 bu. -four included, sgainst
3.557, ,4S2 bu last year. and f.65.362 by In 1893.
Western receipts of 292. .456 bu exceed even
the liberal shipments OF 1900 OF 1854 lN bu
'Failures for the week numbered 227 in
the United States. against 30i last year, and
81 in Canada. against Is last year