The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-18
GENERAL OUTLOOK GOOD.
Prospect of a Machinists' Strike Is the
Only Cloud i'm the Sky


NEW YORK. May T7.-Bradstreet's to-
morrow will say: Aside from a quite per-
ceptible increase Of the spirit of unrest in
labor circles, there are few new changes
to record in the general trade or industrial
situation. Business at present, the country
over, is of a s~easonable recorder character
with wholesalers in dry goods, clothing and
similar lines. but the volume of business
Is fair for the season, and collections are
reported likewise. The basic facts under
lying the situation continue largely of a
favorable character. Notable in this re-
spect is the crop situation, particularly for
the cereals, which is in a high degree
promising. The industries are active. Iron
and steel are strong, but quiet as regards
new demand for the cruder forms, but the
finished products have been heavily or
dered and the mills have sufficient business
TO keep them busy from one to three
months while a large additional business
Is reported IN sight. The demand OF the
turbing feature, but ii is said that one
fourth OF the men involved have already
succeeded in their demands, and the feeling
Is that this matter will be adjusted with
less than earlier expected friction. Hard
ware trades are reported exceptionally ac-
tive, and some varieties of goods, notably
barb wire, are scarce.
Foreign trade continues largely TO favor
this country, and the demand for wheat to
replace possible smaller yields in European
countries has swelled the volume of export
trade, which might otherwise have fallen
of from April a year ago because of small
er shipments of cotton and or manufac-
tured goods. railway earnings continue
exceptionally favorable, some great sys-
tens reporting maximum weekly earnings.
Net returns also are of good volume, and
show that business is being done at a de-
cided profit.
Probably the best reports as to new de-
manG come from the leather and allied
trades, while the poorest. as heretofore,
are received from the textile industries.
Prices eVince considerable steadineSs, de-
spite slightly lower quotations for corn,
cheese and petroleum, but some hog prod
ucts, hides and leather are reported higher,
and the great majority of prices remain
unchanged. Cotton goods are In fair re-
order demand from interior and Eastern
Jopbers, and retail business is apparently
proceeding at a good rate. In first hands,
however, business is decidedly dull. The
demand for mems clothing woolens has not
other hand dress fabrics have sold quite
well. Wool is slow OF sale at the East, but
quite active in the West.
Wheat. including flour. shipments for the
week aggregate 1884, sos bu, against 4,11S,Sl2
last week. 5,1IS,422 last year and 2,2l2.20 IN
1899. From July / to date wheat exports are
lS5,OS0,0is bu, against Ia, 69i. 5JS last season
and zoe. 69l. $50 in 1S9S-99. Corn exports for
the week aggregate 2,704.594 blu, against
1853, 1871 last week, !, 437, 1874 in this week Il
year ago and 2,759. Ala in 1893. From July l
TO Qdlc COIE SADOIlE are 4OAsOOO, . Du,
against ISL ,279, 200 last season and AS, 033, 215
in 1859.
Failures for the week number 1872. as
against 1913 last week, 155 IN this week a
year ago and 16S in 1883.
Dun's Review, which Will issue to-mor-
row, takes note of the facts that crop re-
ports continue favorable and ease in the
money market tends TO encourage business
enterprises which looked aghast at the col
lapse OF stock speculation. The calmer
tone in securities is welcome in all digec-
fA-. or 80 20 r0h dana ~
ments referred to there is but one adverse
factor. and the labor disturbances In sew
eral quarters are not considered likely to
be a long continued drawback and promise
not TO very generally affect the trades in
volved. Less urgency for early delivery
of iron and steel products was reported at
manufacturing %centers. Win mllls as
sured of activity beyond the middle of the
year and some uncertainty regarding the
labor organizations attitude on the wage
schedule there is a disposition 10 let new
engagements wait as long as possible. IN
usual activity is seen In agricultural sup
plies and some noteworthy shipments were
reported during the week. Whlle makers
of this class of machinery purchased Ireely
of bar iron. Structural shapes are in such
active domestic demand that little attention
is given TO available foreign contracts.
Coke production is still enormous, as is
natural with iron furnaces operating at the
greatest weekly capacity ever recorded.
Forwarding OF boots and shoes from
Boston for the last two weeks e reached
lAlC VND
As per cent. more than in the corresponding
weeks of 1900. and since Jan. i
exceeded last years by lz,it' cases, WINE
the increase over all previous years was
much more.
Both wheat and corn continue to sell
at more than 10 cents a busnel ABOVE the
price at this date last year, ana the nuc-
~tuations in speculative options are much
wider. Contracts in May corn have been
closed at phenomenal prices, owing TO clev-
err manipulation at Chicago. ana next crop
options are Sustained beyond the prices
warranted by encouraging crop. reports;
More foreign inquiry for corn lncreased
Atlantic exports for the week 10 z,4oS,b3l
Blu, against only l,2ll.2i in the previous
week. but this movement Is stlll tar below
the figures Of a year ago. wheat goes
out in greater volume than a year ago
but -four shipments are comparatively
light.
Failures for the week numbered Ia in
the United States. against Ia last year, and
nineteen in Canada, against thHty last
year.
Lawyer Charged with CounterfeitinG