The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-10-06
WEEKLY BUSINESS REVIEW.

weekly Review the quarter s'~s -
business Failures - Record rre"ksr-
The Delay Ia Congress Making Conn
dence slow OF Growth aud business
Drags LA Consequence.
MN YORK, sept. So.-R. q. Dun 4
Co : weekly review OF trade, published
this morning. says:
A complete statement 81 failures for the
quarter which viii close tonight is not posi-.
he. hut the number thus Ear reported is about
900 and the aggregate Of Liabilities atout
si5prpOpo greatly SURPRISING the record 81
any previous quarter. For the past week the
failures have been ~ In the United states,
against ~ las year. aud In Canada 81 against
81 last year.
Hope deferred" explains the past week in
rar', aud IL ~ doubtless true that many In
Gulgcd Ia reasonable hopes. Tut business has
not entirely answered expectations. \ feel
inr of disappointment IL commonly ascribcd 10
delay OF action on the silver bill in the senate.
III also true that many works which have re-
stunned operations do not lind orders as large
or the demand from customers as vigorous "a
they anticipated, and will cause some qucs-
ton whether they will not close again
While money on call has been abundant and
cheap and about S4.JO.OD CLEARINGHOUSE certif-
icates have been retired there Is perceptible
greater caution in making commercial loans
here and AZ some western points. Confidence.
pIpN'fiitltN SLOW OF krNNin. mas SUM-
diminished. in part because advancing exchange
suggests the possibility ~ gold exports.
During most ~ the week speculative weari-
ness has foult expression IN lower prices.
Stocks were NOR active hut lower. railroads
DEFINING on the avcra fe s..f.. and trus, stocks
SIG per share to wednesday night ana the re-
ccvcry has since teen small. Railroad earn
ing> for September show a decline OF half per
cent compared with last year. when is not
lfftrr tlan tho August rppOYf fhouyh The re-
turns for the second and third weeks were bet
ter than for the first week. On western lines
aud trunk lines the decrease is somewhat
smaller. Tut southern aud Pacific roads do
not materially improve. and east
bound shipments from Chicago show Al
decrease o: II per cent. for last week. Wheat
receipts decreased again and fell far behind
last years tut socks in sight are too heavy
and the price for December fell nearly | cent.
Cora continues 10 come forward freely and
crop reports are not more favorable. but the
price fell l.. cents.
Changes in pork products were obviously
due rather 70 manipulation than to any change
IN the outlook. Cotton declined about 3lj
with no great change in the movement or in
crop prospects and with increasing work by
the mills In this country. When stocks are
unusually large their very weight ovcrDalances
an other considerations. The cotton
market + gaining more than any other.
and there Is a stronger market for print
cloths and prints while some reduction
has helpcd 10 stimulate trade in other goods.
The enormous decrease in production FOR the
pas. two months begins to he felt and sales
are larycr. though much below the usual guam
iity. Trade in wooden and dress goods is bet
ter. and there is "A little more demand for mems
wpolens. though not enough to keep employed
The IN .rsasci numher OF mills now running.
Clothicrs are cutting up more goods. IL IL
elft l4f D. ID moo 4. 80 ornnfar than a~s4sa..
raiioas % samples for another season might
cause and there are noticed attempts TO clear
OF old stocks rs opening retail stores and sell
i.E az manufacturers prices.
Sales OF wool last week were s.e.g s5Opounds.
against 6.6is.61 last year: and for four weehs
ifis3.s15 pounds. against 81 .0s0.50 last year;
hut II Is IA believed that many purchases are for
investment rather than manufacture.
While seventy eight manufacturing concerns
are reported a. starting wholly or In part.
against twenty closing or reducing force. mora
than a third OF the increase has been In cotton
mills. and another third In machine shops. nail
mills. manufacturers OF stoves ana hardware.
tools and cars. while in The iron manufacture
proper only seven concerns have started.
against three that have stopped. and the out
look does not seem brighter.
Chicago Is adding to her marvellous build
sngs. and in structural aud some other forms
the demand at the west Is clearly increased.
But the closing Of the largest iron mine In the
country. the Norris. which ordinarily produces
a million tore yearly. indicates the limited
character OF the business. AT least the demand
for products t. painfully inadequate even for
the scanty force now AZ work, and the lowest
prices on record attract little business. II IN
said that one sale or steel rails has been ef-
fected ny a sharp reduction in price. The con
test between the Amalgamated association and
works Ia the Pittsburgh region has cen set
slnf t4f 80, tus. f~- ~rAas
The glass workers have not agreed as to
wages. and stocks are growing low. In boots
and shoes the marked activity seen in New
York Is not found In the east: the business is
and shipments from Boston are still 3, per
works are all fully employed. and the demand
for their product Is large.
clearinghouse exchanges indicate a little
gain. the volume OF business being 1911 below
those Of the same week last year. In foreign
trade exports again exceed last years ana for
the month atout af6 per cent. while Imports
show a decrease for tho month OF about 9 per
cent. yet foreign exchange has risen 80 far
that exports of gold to Germany might be made
with little loss. and IL H. believed that calls
for repayment OF gold obtained on loans
from Europe IN July and August affect the rate
more than current business. Though n return
OF part OF the gold has been expected and the
banks have row on hand more than they need.
the treasury stock is 80 low that a renewed
oatiow would he regarded with some apprc-
hension. The return of money from the in
terror continues and largely reflects less
activity than usual at this season In domestic
trade and industry.