The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-07-14
MONEY ANC BUSINESS.

New YORK. July ar. q. Dun Il
Co.'S weekly review of trade, published
this morning, says
The tone In business circles has percep;ihly
improved. This is partly because the banks
have been rendered more hopeful OF an early
financial settlement by the calling OF extra
session Of congress partly because of some re-
covery IN prices from the sudden depression
which followed the decision to close the India
minis and partly because crop prospects have
clearly improved In spite OF dismal reports
from some sections. On the whole. there has
been . little better distribution OF goods 10
consumers and perhaps the countermandlng
of orders given some months ago Is not quite
frequent IL was last week The more
hopeful symptoms are gladly noted. but while
the causes Of depression remain. II would he
rash TO calculate that difficulties will not re-
appear. Soon large sums OF money will be re-
quired TO move the crops. and In the present
state OF the money markets some stringeacy is
not improbable.
Boston reports . little moro activity and
financial relief is expected during tho month.
Shoe factories are generally closed for repairs
and not many buyers are seen. leather teing
dull and accommodating. Rubber goods and
crude rubber lower. Dry goods are quiet. hut
prospects are thought favorable Cotton
mills hold small stocks. but print cloths
are duh and lower. Woolens
quiet. spring orders being slow and
the clothing trade Is quiet. with prices cut to
clear on stocks. The demand for wool is
little better. low prices attracting buyers. but
building Is still restricted by stringency Al
Philadelphia a better feeling exists in banking
circles and there Is considerable trade in man
ufactured iron al low prices. the business for
the half year being large though with sraniv
profits Retail trade In dry goods Is better and
the distribution thus far equals that OF last
year. but prices are reduced Wool l. de-
pressed and the outlook unpromisiny. Other
trades are reported quiet. Business AZ Isalti-
more is generally dull Trade IA hats fair and
In fruits and vegetables large. Iron has another
drop at Pittsburgh. though many furnaces
are closing for reduction in cost o; wages.
Cincinnati reports little improvement with
close money. At Cleveland manufacturing 10
unusually dull. and few loans being made
Al Detroit the volume of johhing for the hal.
year equals last years hut many fall orders are
cancelled on account OF the decline OF ore. sill
yer. wheat and wool. indianapolis reports
many manufactures idle and the jobhinz trade
quiet At Chicago the borrowing demand il
still heavy and banks conservative. and tho
outlook depends upon the silver question
Jobbing trade is well maintained for the
son and local trade is good. but there = much
complaint OF collections Receipts OF most
products show decrease compared with las.
year. Eastbound shipments decreased IL per
cent. and clearings IL per cent. Milwaukee
reports fair trade for the season. and Mime
apolis the same with reasonably good collec-
tions. though the lumber business decreases
with financial pressure. At ST. Paul trade IS
restricted. hut at 10th cities better feeling
prevails. crop prospects being favorable Al
~. Louis trade is quiet but collections very
fair. while hanks are still most cautious. AZ
Kansas City trade is fair for the season. col
leetions below average aud receipts
7 Of cattle liberal. but OF hogs
al falt tpra
slow and money very tight. and Omaha
reports good grocery trade and other business
/ quiet. At Denver several OF the suspended
banks are expected to resume. but mere hants
are countermanding orders and the silver
mines have generally stopped. Nashville and
Knoxville report q better feeling aud Mont
gomery quiet trade: at Little Rock business Is
very dull and At Augusta aud Atlanta quiet
| with money comparatively easy. Galveston
reports the situation fairly good in Texas with
few failures and prospects OF more than an
average crop. Banks care for customers. but
discourage new loans. New Orleans notes no
Improvement. money tight and collections SLOW
but crop reports excellent except in overfowed
sections. At Mobile banks are moro free: 1t
Jacksonville trade Is favorable. collections
slow and banks cautious and At Charleston the
tone improves though money is tight. trade In
groceries fair and In other lines moder1ts
Nearly all produce markets are hiyhsr thaa
week ago In spite OF more favorable crop re-
ports. money being easier. Corn and oats have
risen fraction and lard an eighth. hogs hair
. cent lower. Coffee is = quarter higher and
cotton has advanced sixteenth with gloomy
Atlantic reports. while western prospects are
reported bright.
will he avoided at the meeting today and
reduction OF = to Is per cent In wages
for finishing accepted The market for pig
and steel rails is very gloomy rail-masers
having about reached the end OF their orders,
yet the consumption Of pig has been 5000
tons larger for the half year than for the last
half OF 1897. stocks being reduced rs 0otons
Heavy contracts for iron have teen made ~
agricultural implement works. locomotive
works were never buster the Cramps a..
other ship yards well employed hsr
ware. stove and other special works are busy
with good prospects and yet prices for pic are
quite demoraiized by southern pressure "a
sell. and in general prices Of iron prod
ducts are the lowest known. Copper
is lower. at a half cent. despite agreement "a
restrict production and exports. Tin Is De-
pressed by the surplus OF 1910 tons and tne
idea that the new duty may be rcscinded
Lead In sitter at the closing OF silver mines
Textile manufactures are duller than usual for
the season. and the dullness in shoe manu-
facture IL almost unprecedented. many buyers
countcrmanding orders. Money has grown
easier. but IL IL still hard at most points u
get Accommodations. az banks are preparing 'o'
LARGER demands. Foreign trade shows lii''
change exports being much below last year
and imports quite large. Stocks are dun an'
inactive with some signs OF more foreign as
position TO buy. but prices are only a Fraction
higher.
The failures for the week number 3si IN m
. United states. against IFS for the same Wees
, last year. aud y In Canada. against - las
. year.