The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-11-02
PHENOMENAL BUSINESS.
Even the Mild weather Is Only n
Slightly Deterrent Influence.

NEW YORK. Nov. 1.-Bradstreet's to-
morrow will say: THE complaints of car
shortage are repeated this week in an even
greater degree. At best. however, this is
only a negatively unfavorable circum-
stance, and is the best proof that an enor-
nous volume of business is doing through
out the country. Unseasonably warm
weather is likewise complained of as inter-
fering with or checking retail distribution
of clothing, shoes and other fall and win
ter goods and dulling the usual reassort-
ing demand from jobbers East and West.
The holding OFF of killing frost at the South
Gt is now one week behind the average
date) has benefited the crop prospects, but,
coupled with immense receipts, has induced
a raising of estimates and lowered prices
sac for the week.
Several other farm products have weak
ened this week. Wheat has felt the iufiu-
ence of the heavy movement of grain at
the Northwest, heavy increases in visible
supplies in Manitoba and rather less crit
zeal advices from Argentina In addition,
the stories of dullness and depression in
the export business have affected trade,
though ii is TO be noted that wheat and
corn shipments together since July l are
heavier than a year ago. To smaller eX-
port shipments of cotton, OF iron and steel,
and 10 an oVersupply of new tonnage Is
probably due the depression In ocean
products are lower, ii is claimed. because
of packers manipulating the hog market,
but the recent high prices appear TO have
checked consumption. Coffee, has lost a
little strength and some grades of sugar
also are lower. Among the staples advanc-
ing. corn is prominent, though held down
slightly by wheat. A large short interest
is said TO exist in that grain, and wet
weather and good buying have stimulated
prices of that product and of oats.
Print cloths, among the textiles, have
gone counter to the raw material, mainly
because Of manipulative buying. The effect
of these two diverse movement has been to
unsettle the market slightly. while the
I'm favor of a strike is still another disturb
ing element. The wooden goods situation is
in good shape, and the manufacturers have
bought freely. sales at Boston alone aggre-
eating 15.000000 to 2000,W0 pounds.
No particular change i'm iron and steel is
noted, though the tendency of pig prices is
stronger, prompt shipments IN some cases
bringing 10 cents per ton premium. Talk of
advancing steels rails 81 to 81 per ton for
next years delivery also is heard. Steel
bilets are scarce at Pittsburg. and prompt
deliveries bring $27 to SIS In finished prod
ucts bar iron, sheets. plates and structural
material are i'm unprecedented demand at
Chicago. A phenomenal demand for struc-
turaI material is noted at Pittsburg. Hard
ware is active the country over.
Wheat. including flour, exports for the
week. aggregate 6.672.SSS bu, as against
1852 1874 last week and 3.6l2. 42 bu in this
to date aggregate loo. 1929 bu. as against
s.. $50 go last season. Corn exports aggre-
gate 606 l59 bu, as against 1,lSS2SS last week
and 39201 last year. From July 10 date
corn exports are 10, 739. $50 bu, against o.
6S7 last season.
Failures in the United States for the
week number 172, against 223 last week
and 165 in this week a year ago.