The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-09-08
MONEY AND BUSINESS.

Weekly Review of the Condition os
FINANCE aud Trade Throughout the
Country ~ Compiled by u. q. hun A Co.
"A More Healthy Tone In Banking
Circies aud Tendsacy Toward Revival
Of Conf ience r. The industrial situssion
Hut Little Mend~d- business faIhsres,
Etc.
NEW YoRK, Sept. Ar. q. Dun &
Co.'S weekly review OF trade. published
this morning. says:
The house has passed the silver hill ~ a ma
jority astonishing 10 its friends an q fayora
BILE result In the senate Is now believed 70 tie
not far distant Instant improvement In the
stock market followed. the average OF prices
rising over .. per share and there was also a
rise IN wheat cotton and pork. Money mar.
kets throughout the country are more healthy
failures diminishing in number and resuinp.
tion hy n number o. hanks and other establish
ments illustrating the general tendency 70.
ward revival OF confidence. Manufacturers do
not yet feel the upward impulse. and on the
whole exhibit no more signs OF improvement
than week ago
In stocks and money the record for the week
has been mainly one OF satisfactory progress
toward recovery. Wheat was affected TO some
extent by the Vienna report. Corn yielded a
little W tn more satisfactory crop reports iut
IN spite OF better advices from the more i'm.
that staple was advanced an eighth The
stock carried over the crop year just closed
without allowance for such decline IN con.
sumption as has been witnessed duriny the
past half year which apparently renders il
certain that there will be no cotton famine for
year To come. he stock OF American at
home and n GARD is about 5000 tales.
The industrial situation mends hut little
The signs OF Improvement observed week
ago are scarcely sustained for while twelve
textile and thirteen steel concerns haze re.
sumed after stopping fifty-five textile aud
twenty steel concerns have stopped. In add.
tion thirteen others have reduced working
time, and several have reduced the working
force and q large number OF works have re
duccd wages from 10 TO 20 per cent
more cheerful tone is seen IN. iron and
steel markets. but prices are not Sufficient to
encourage resumption. The output has been
decreasing nj the rate OF ,50b tons weekly for
the past four weeks.
The shipment of boots and shoes from Bos.
ton have decreased for the last week = per
cent. rs compared with the corresponding
week last year. although a some what better
feeling Is reported In this branch of business
The sales OF wool at three chief markets were
only i.t46,75i pounds. against 8 69s 2)) for the
corresponding week last year. and the decrease
in sales since new wool began TO come forward
has been about Is per cent. The August husi-
smallest ever known In the trads for that
month and there Is some anxiety regarding set
Elements due IN October and November.
Somewhat more buying is seen in cotton
goods from the west ana south but the market
is still narrow and hesitating.
The anxiety about money has been greatly
relieved. and scarcely any premium is paid for
currency. The supply OF money for CONNER
| cia use Is very scarce. but at oiher cities
banks are growing more liberal.
The decrease in imports at New York IN An.
gust was about 40 per cent. while Ia exports
from this city there was small increase OF
| per cent. Thus far the usual tests OF the con-
dition OF business show a decline In compari.
son with last year.
more satisfactory Indication Is that fall
ures are greatly diminishing in mporianec and
somewhat in number. The number reported
during the past week in the United states i
$50. against las for the sams week last wear
and in Canada 90. against - last year In the
United States they numbered g. in the cost lis
| in the west and lac in the southern states.
showing Improvement in each section.