The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-26

lures. accompanied by deterioration in the
winterwheat crop Of the SOUTHWEST, gen
eral business and speculation have been of
very full volume for this season of the
year. Retail demand was relieved from
the incubus Of backward weather by the
hot wave which swept over large part OF
the country this week. This has been re-
ceived in a fair record business from whole
salers and jobbers in the East. but the talk
of crop damage put a check upon demand
from the central west ana southwest, ana
wholesale trade reports from these sections
are not good earlier looked for. although
showing some Improvement over year
ago In the Northwest SHOWS and rains
checked retail trade and distribution, but
the general effect has been to rather I'm
prove the ultimate crop and business
outlook than otherwise, although delaying
seeding somewhat. Some notable price
movements have occurred this week and
taken as a whole, the number Of staples
and of securities reporting record prices
has been very large. On the other hand.
the advancing seasons effects have been
to break prices Of eggs and butter and some
other food products. Among the industries
activity has remained as great as hereto
fore, and the labor situation has rather
improved particularly in the building and
allied trades, which report unsurpassed &C
tiVity prevailing.
The cereals and to a lesser degree, hog
products generally responded promptly TO
the Southwestern wheat damage reports.
which, coupled with very heavy decreases
in the visible supplies, particularly i'm Mani
tOba and the Northwest resulted in the
highest prices Of the crop season being
reached for cash wheat. Corn. too, almost
broke the season record. Crop reports to
Bradstreet's indicate that beyond doubt,
the Kansas wheat crop has been hurt by
the drought and hot winds. Nothing in
excess OF three-quarters Of a crop is looked
for even by the most sanguine. while 90
per cent. of last years yield is confidently
predicted. In other sections however.
rains have benefited the situation. and
even in Kansas the rains, though received
late, are encouraging so far as the out
look for the coming corn crop is concerned.
The area In this promises TO be very large.
as does also that in oats, but the condition
of the latter crop is less favorable than
hoped for.
are scarce and receipts are small Hog
products have advanced in sympathy with
cereals, but butter and eggs. alleged to
have been cOruered some time ago have
broken badly, the former 10 the extent OF
Z cents per pound.
Wheat. including -four, exports for the
week aggregate 3750,5@ bu, against Ais, 10S
last week and 1852. 129 i'm this week last
year. Wheat exports from July 10 date
fOrty-three weeks) aggregate 30, $50 667 bu,
against 170,616O64 last season. Corn exports
aggregate 376, 1S6 bu, against ,733 last
week and 1874 $50 last year. From July 1,
1901, to date corn exports are %, 1S5 bu,
against 153 O61 $40 last season.
Shoes are in fair distribution at the West,
but Eastern shipments are falling Off There
is little new in the leather business. cheaper
grades being relatively most active. Build
ing material is very active.
Wool is very quiet al the East, the lead
ing consuming interest hampered by the
strikes. abstaining entirely from buying,
but it Is active at the West, where prices
paid for the new clip are we'll above East
ern quotations.
In iron and steel anxiety to get supplies
of crude material is almost as great as
ever. Southern furnaces appear TO have
abandoned the idea of holding down to the
sl2 rate for No. foundry, and liberal sales
are noted by independent concerns at SIS
and better Foundry pig is scarce and high
at Chicago, where SO per ton has been paid,
and it is noted at Pittsburg that foundry
pig is & per ton higher than bessemer, in
stead of being slightly lower in normal
times. High premiums for prompt deliv-
cries of bessemer are still paid, and $50 at
Pittsburg can be obtained very easily. Fin
ished materials are IN increased demand.
and very heavy orders for structural ma
terial are also being placed. Large ship
ments of Canadian steel billets are reported
arranged for. out the rise in prices abroad
has checked the tendency to import Euro
pean material. Hardwarde, particularly for
builders use, is as active ever. The pro-
posed combination materialiZes slowly.
Business failures for the week number
49, as against 1873 last week. pa in this week
last year and 1S2 in 1900. 1S4 in 1899 and 245
in 1898.