The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-24
TIDE HAS NOW TURNED
SETTING STRONGLY IN THE DIREC-
TION OF ENLARGED TRADE
Crop Improvement in Central West
and the Mississippi Valley Has
Stayed Depressing Influences.
OUTLOOK GENERALLY GOOD
NO MENACING CLOUD, EXCEPT THE
STEEL WORKERS STRIKE.
But for Ii the Business FOrecaster
Would Predict Fair Weather
for Many Days to Come.
OUTLOOK GENERALLY COOL
NO MENACING CLOUD EXCEPT THE
STEEL WORKERS STRIKE.

NEW DIRK Aug. 23.-Bradstreet's to-
morrow will say: Evidence multiplies that
the tide of trade has turned, and that it is
now setting strongly In the direction or an
enlarged business at steady or higher
prices. Crop Improvement, particularly In
the Central West and the Mississippi val
ley, has been the handspring of the more
cheerful tone Of advices and enlarged
trade operations at such cities as Chicago,
St. Louis and Kansas City. Even from the
so-called drought-stricken corn belt come
advices Of a quite satisfactory business, in
some instances reports being of a larger
jobbIng trade than in the corresponding
period a year ago. The notable strength OF
cotton, partly, however, the result of real
OF assumed crop damage. has been the
active feature in the betternent of South
ern trade advices. At the great Eastern
centers distribution is going forward in as
good. If not better, volume than a year ago.
Prices, except for some irregularity in the
cereals, have been generally quite steady.
Wheat was weak early on increased sup
plies afoat, enlarged receipts at the North
west and technical market conditions IA
voring d decline. but strengthened later on
continued poor crop reports from abroad,
fairly large clearances, although not equal
to last week, and general confidence in
present or better prices being maintained.
Corn has sympathized largely with wheat,
though weakening on its own account on
better crop advices from the States east of
the Mississippi, where timely rains have
fallen. Net changes for the week are
slight. Some hog products, particularly
lard. nave sympathized with the strength
of corn.
Cotton goods have been rather irregular,
but it is TO be noted that talk of a reduc-
ton In wages and a consequent strike in
Fall River has been practically aba doned,
and the close of the week finds print cloths
firmly held, while other cotton goods are
quite steady, though not active at first
hands. Wool and wooden goods are strong,
the former on active buying by manufac-
turers and advices that the new clip in the
West has been pretty well cleaned up.
Boston and Philadelphia alike report activ-
ity in the market. without. however. any
actual advance in prices. Wooden mills are
fully employed on fall orders, while a lib
eral business has been booked for spring
delivery.
Iron and. steel show little change, Access
sions to the strikers in the case OF the
leading tube works of the country having
the P%ittsburg district. Tin plates and
sheets are scarce and hard to get. and an
order for $1,000 boxes at $, per box was
iron and steel jobbers are reported be-
sieged by buyers. Some Western consumers
may have TO shut down if supplies are not
shortly forthcoming. Bessemer billets are
very scarce at Pittsburg, and S25 is offered
for the next two months delivery. Prices
could be shaded II "A large order was Of
fered.
Building material Is quite active. al
though the steel strike may affect il at
some centers. Lumber stocks are very gen.
orally small ana full prices are obtained
for desirable lots. Sugar is lower and
rather irregular, but the decline in this
pi oduct and in -four and tin are the only
important decreases noted for the week.
The leather and kindred trades are active
at most markets. Shoe machinery is fully
employed on fall orders, and sample orders
for spring delivery are coming i'm freely.
Wheat. including -four, exports for the
week aggregate 6,6o6, $50 bu, as against 9,039,-
76l last week (the record totaD, and $685.
16S i'm the same week last year. Wheat
exports from July / to date eight weeks,
aggregate 5O.679. 81 blu, against %. $40. l64 last
season. Corn exports aggregate 523,S $50 bu,
against 50S.S07 last week and 1888 last
year. July ] to date exports are 9.75l ,05l
bu. against 25. 100, 724 last season.
Business troubles show no increase, the
failures for the week numbering 1872. as
against LIS last week, 135 in. this week a
year ago, 14 in 1899, liz in 1895 and 20 in
1897.