The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-07-27
Unreasonable Demand for Canned
Goods in and Quota
tions Advanced by
WEEKLY REVIEWS OF TRADE
STEEL STRIKE OF LESS IMPORTANCE
NOW THAN A WEEK AGO.
Outside Mills Starting Up-Tin Plate
~Higher-Raw Material Lower
Wool in

NEW YORK, July 26.-Bradstreets to-
morrow will say: Hot and dry weather in
the great surplus grain-producing regions
west of the Mississippi river has furnished
the leading topic of trade and speculative
discussion this week. Cereal prices quickly
responded TO the flood Of bad reports and
stocks were correspondingly weaker, but
good rains in the spring wheat and north
ern corn belt later on caused reverse move
ments and the growth of a better feeling.
Produce, particularly butter, vegetables
and eggs notes the effect of unfavorable
crop and weather conditions and is high
and of poor quality, while canned goods
are in active consumption and tend up
ward. Sugar is irregular in price for re-
fined. while raws are firmer.
Trade developments are rather more
hopeful in tone. Heat and light rains have
materially improved the cotton crop out
look and the tone of advices from the
South is better than for some weeks past.
though the corn crop In the central Suthern
States is reported suffering from heat and
drought. While heat has operated as a
disturbing feature in some sections. it is
likewise noted that dry-goods jobbers are
in receipt of considerable recorders for sum-
mer-wear goods from other sections Of the
country. The steel strike is apparently
regarded as of less Importance than 1t
was a week ago and the petering out of the
coal mine fremen's and the machinists'
strikes have resulted in resumption OF
work in many lines.
Building is active and white pine lumber
tends upward. boots and shoes are moving
into consumption in large quantities, tex
tiles are quite steady in tone and the
strength of the foreign demand for our
wheat makes ii probable that exports of
this cereal will go far to replace smaller
shipments of other grains.
Activity in textiles this week centers in
the wooden goods trade. Wool is in steady
demand to cover orders received by manu-
facturerS for winter and spring weights,
fine Territory woods holding the lead in
business. Fleece woods are quiet but a fair
business is doing I'm South American quar-
Textbooks. Shoe and leather trade condi-
tions continue quite satisfactory. while
leather has shown an Improvement in de-
mand. 1t looks as If the large shipments
of cattle to slaughter in the West would
help tanners to hold down the price of
hides.
Wheat, including flour, shipments for the
week, aggregate 6,974, $40 bushels, the second
largest weekly total ever reported. against
~5.22l,SS0 bushels last week. 1868. 743 in the
corresponding week Of 1900, 1856, 1872 in
1899 and 2.371,S72 in 1898. From July to
against 10, 235,592 last season and Il. 544, 300 in
~1S99-l900. Corn exports for the week aggre-
gate l ,l55, 276 bushels, against 1,714.0S1 last
week. 1884. 75 in this week a year ago,
8, 1OO,320 in 1899 and 2.601 .S21 in 1898. From
July / to date export aggregate 7,164, DAB.
and 1861, 1853 in 1S99-19O0.
Business failures in the United States for
the week were 1879, as against 20S last week.
lS a year ago, LOT in 1899, III in 1898.