The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-12
ORDERS FAR IN THE FUTURE.
Iron and Steel Mills Crowded Beyond
OBSERVATION-DISCLOSURES and Textiles,

NEW YORK, Oct. T.-R. G. Dun g. Co.'S
Weekly Review of Trade tomorrow will
say:
Failure of a few overcapitalized indus
trial corporations to pay interest on their
stock is no criterion of conditions in man.
ufacturing. although an influence of some
weight in the stock market. Reports from
all parts of the country agree tina there
has been seldom. If ever, such vigorous
prosecution Of constructive work. Widely
divergent lines exhibit similar symptoms.
Labor is well employed at good wages, and
the buying power of the people is more
than sufficient to meet the advance in the
cost of living of As per cent. over prices
prevailing a year ago.
Wholesome activity is still the feature
at iron furnaces and steel mills. While
old orders are filled as rapidly as posi-
BILE. there is no immediate prospect of
catching up with contracts, especially as
each day brings new business with deliv-
cries running far into next year. Idle
plants are resuming as rapidly as arrange
can be made, and the tin plate mills are
adopting the latest and best processes.
Domestic needs are so urgent in nearly all
branches of this industry that export or
ders are receiving scanty attention, but
there Is reason to expect much activity in
foreign sales whenever the home trade re-
49, 49, IC@ANAtAA A6 AAtl BlO-
duction on Oct. /, according TO the Iron
Age. was at the rate of 307, 49, tons weekly.
an increase of S.121 tons over the output
on Sept. l, and &.Sl3 tons more than in Oc-
tober. 1900. Yet furnace stocks steadily de-
crease, amounting TO only 361, 593 tons on
Oct. 1, against 670,5 41 a year ago, and sup
plies in consumers hands are believed to
be light.
Quiet conditions prevail i'm the dry goods
market. not because of light demand. but
through the strong views OF sellers. which
prevent export sales as well as domestic
business. AT Fall River the print cloths
situation is most satisfactory. Standard
goods for delivery up 10 February are held
at 3 cents. and the labor situation is much
clearer than it was a week ago. A feature
in WOODEN goods is the large proportion of
mill capacity at work on high grades OF
wool; shoddy and other adulterates being
used much less than last year. Raw wool
is firm and going into consumption steadily.
Slightly better relative prices have been
established by the leading cereals, wheat
making a fair gain, while corn lost a little
OF its exceptional strength. There is no
evidence for holding back for higher prices
I'm Western receipts for two weeks OF l5,-
S5S. i26 bu. against II, 1888 last year, when
more attractive quotations prevailed. Ex-
ports from the United States are not equal
20 recent recOrd-breaking figures, but still
compare fairly we'll with earlier years: for
the week. -four included, shipments reached
4.l99. 32S bu. against 3,5SS. 439 a year ago and
4.2S9. $40 in 1S9S. Movement OF corn Is light.
receipts at the interior amounting TO only
2.760.262 bu, against i,627. 200 last year and
6.1l0. 200 in the same week two years ago.
while exports from the Atlantic coast were