The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-11-10

The General Outlook Throug hout the
Country ns Seen Through u. q. Dun y
Cos. Weekly Review Good Cnccts OF
silver Purchase Repeal Already hecoin-
ing Manifest In Legitimate Busine-s'
But ~specuintion Not Much Affected
The Weekly Failures. Net.
NEw NoRk, Nov. Ar. u. Dun n
Co. S weekly review Of trade, issued to-
day, says:
The repeal OF me silver purchase act does
good already. The business world In every
part OF the country reckons IL helpful and the
tone is more confident. Ii IL hardly time rs.
yet for the effects 10 be felt To any great OK
tent In manufactures. but bankers are more
liberal In accommodations, and merchants
more hopeful In purchases IL Is well 10 re-
member that the act will do less good than II
II had been passed early In the spring, or the
day after congress assembled. IL cannot now
prevent several thousand failures which have
Already occurred. nor relieve creditors from
resulting ADVERTISEMENTS. II cannot now
save from loss u multitude OF
manufacturing establishments which have
closed because the future remained un-
certain. II will so far TO restore business con-
idcnce. which was much needed: but many
may expect from the measure larger results
than can ut this late day be realized. Thus. In
the stock market during the past week. al
though the action OF congress and the presi'
utut was toIfttty uHtiNlpuA'h. u oNVihk'
OF prices declined Al per share for railway
stocks and ~. ID for industries. though the tone
is fairly confident. The diniculty Is that %
large proportion OF the buyers during the past
month. have been calculating TO realize with
profit on the passage Of the bill and those who
realized first did best.
The action OF congress had less visible in
fuence upon speculative markets for products,
In part because foreign markets obstinately
refused to accept the higher valuations which
spectators here tried TO establish. Though
people across the water award unstintet
praises TO those who secured the passage of
the repeal bill. there is not much disposition to
pay higher prices on that account for wheat or
corn. In view OF the great abundan &C Of money
at speculative %ccntcrs. the weakness OF mar
kets is more significant. Wheat was , cents
lower. receipts being 6.6if. 74 bushels for the
week. against i0i. i43 for the same week last
year: while exports were only 57. si5 bushels.
against 2fTi $50 last year. II foreign countries
are on the verge OF famine their traders do not
seem TO have discovered the fact Corn re-
ceipts were larger than last year and prices de-
clined q fraction. Oats advanced u little.
though the receipts continue large.
Industries could not be expected to make any
material gain as yet In consequence OF new
financial conditions; but the demand for textile
products has To some extent improved. Care
fully scrutinized. the increase OF orders APP
pears TO be almost wholly due 10 the gradual
exhaustion OF stocks In the hands OF dealers.
Wholesale and retail. and not yet to any appre-
ciable increase In sales TO consumers. The
most astonishing shrinkage ever known In
pur bases by consumers has been at the bot
tom OF the prostration OF trade and manufac
lures. and as yet there Is scarcely any sign OF
Improvement in that respect. But as retail
stocks run short. and in turn wholesale stoc ks
are depleted. the mills feel an increasing de-
mand, mostly IN the form OF numerous small
orders for immediate delivery. This kind OF
demand has kept many mills running during
the past week. though the lack OF orders has
closed more textile mills than have resumed
The sales OF wool have been materially in
creased by purchases for some large worsted
and dress goods works. presumably because
they have orders for continued operations.
even though it may be for a short time only.
aud the sales at the three chief markets we're
4.45s.50 pounds. against 7.056.9 53 last year.
making for four weeks IL. 665 Csc pounds. against
g. 03l .aA3 for the same weeks last year.
The industries manifest little
gain as yet. The miner metals are weaker on
the whole. though speculation lifted lead a
rifle to 35c. but large sales oc-
Cured at 3.4c. Tin was depressed at 70 45c.
copper was sold ut o. Toe for lake. As yet. iron
ana steel manufacture shows scarcely any
signs OF recovery. There has been some in
crease. II is judged from printed reports. In
the number OF furnaces in blast. but
the output still appears to largely exceed the
consumption. and there is more pressure TO
sell pig iron than to buy. The orders for fin.
fshed products are still small. and do not APP
pear TO lie increasing. and while at Pittsburgh
some orders have been secured from the east
by exceptionally low bids. at the Joliet works
the prices quoted are on the whole lower than
last week. There is not much doingqn steel
rails. although sales are reported at ST. per
ton. a decline OF a.. ard bar and structural iron
are also lower.
Ire boots and shoes q somewhat better DO.
mand appears. and yet not enough to keep the
works fully occupied. The shipments from
the east for the past week were 2ss. s67 cases,
~agains, J5s. 6,s last year.
The volume OF domestic trade gains tut
little. exchanges outside New York being 2e
per cent. lower than last year for the week
The exports OF products for the past month
have been about ~ 900. 90 larger than last year.
While imports have been about ~. s0D,O ~
smaller. which indicates an excess OF exports
OF $40. 0Cn, 900 for the month. The railroads have
been doing a little better. but returns do not
come up 10 those OF last year. The tr easury
has been gaining in reserve most OF the week.
Failures for the week number 1858 ia tina
United States. against gs last year. and 70 1,
(nnn.Ia nQatpuf n laaf rnar