The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-11-03
THE STATE OF TRADE.

cial Affairs Throughout the Couu,rx ~.
Reflected Through u. q. Dua a a..
Weekly Review The Number ana Mag
n't"de "f Failures rrcceptibiy Decr-as-
Ing aud Confidence Gradually Keturn,ur.
New NogK, Oct. 2s.-R. q. Dun A.
Co : weekly review of trade, issued to-
day. says;
Port Is In sight after a long and stormy ,oy.
age, and the prospect OF u speedy end ~ the
struggle for repeal has brought bright hopes Ia
business. Stocks climbed rapidly for three
days. banks relaxed restraints. commercial
loans are more freely sought aud made ana re.
ports from all quarters show the prevalence
OF a more hopeful feeling THIS IL itself tends
To produce some revival OF consumption ana
of industry. which. nevertheless. has made bur
moderate progress as yet IL Is still too soon
to expect much effect in trade and manufac.
lures. and though monetary obstacles are To
u large extent removed. there still remain
other Legislative questions which create uncer.
tainty. Opinion also differs as To the extent OF
Improvement now To he expected after so
much doubt and delay and loss. But the clear.
ings outside New York this week are not quite
~ per cent. less than last year.
The anticipation Of repeal and the happy IN.
ion OF the Vanderbilt. Jersey City and I.acka-
wanna. gave the stock market three happy
days In which stocks rose an average OF r. ~
per share, and trust stocks $50 per share. ana
the sales for the week have been ..a5o0J
shares. Hut on Thursday there came "A pause.
Traders were taking Profits. OF course. but a
more important fact was that London emptied
about - $4,000 worth OF stocks on the market
rapidly. This indicated less confidence on
that side than had been anticipated In the re-
operative virtue OF assured legislation. and
coming SO soon after the Vanderbilt purchase.
suggested whether its effects upon trunk-llne
and coal-carrying roads. though obviously
anenttrarfnv hnt Imam In NIL ..na.s.
apprehended. This selling raised the
rate OF exchange in the face
OF the announcement that 4i0.0lO gold has been
shipped hither the same day from London al
an operation which might have paid better IN
prices obtained for stocks than In any other
way. A fact OF real encouragement is tha,
railway earnings for the third week Of October
show an increase OF 3 per cent. over last year.
the first increase for a long time. Sotwifh.
standing the large sales the market continued
unusually strong. In other speculative
markets. in spite OF monetary comfort and
bright prospects gains realized were small.
Wheat roscs cents, though Atlantic exports
fell to I. 100 0D bushels for the week against
100000 bushels last year. in part because
western receipts were hut 5.s0J.0W against
e.eoOl0O last year. But corn declined an eighth
with better reports OF yield. Coffee declined
three-sixteenths Pork products made only
slight gains and cotton fell a quarter. receipts
being ~. 900 bales greater than last year.
As yet there Is seen only q continuance OF
the faint and slow increase I'm distribution
OF products, which has been noticed for some
weeks. Nor does even this gradual revival in
demand extend TO oil branches. Most OF the
increase yet seen ia cotton and shoe manufac-
ture may be explained 10y mere exhaustion In
stocks OF dealers ~ frequent requests for i'm
mediate delivery show: but there Is also re
ported by dealers a somewhat better demand
from consumers and four more cotton mills
have started and several increased their forces
against those stopping or decreasing. A
similar demand has increased by sixty the
number OF hosiery and knit goods works re
ported in operation. The shipment of shoes
from the east in four weeks OF Octoter are -
per cent. less than last year. against 3 per cent.
In September, but against eight comparatively
small wooden mills starting i've have stopped.
including one OF 300 and another OF
1000 hands. There is little sign OF
increase In the demand for goods. The
recent demand for worsteds has subsidized.
clothiers are doing hardly more than enough
TO prepare samples. The total SALTS or wool al
the chief markets. including several million
pounds believed TO be speculation. have been
{. eT i5s pounds in three weeks. against q .e7s.-
Nv last year. Two additional iron furnaces
have gone into blast, and the output at the
south may be . little larger than vt the begin
nins - ~ month- SoDe rau mills AL re
sunsd nanufacsufs. apparently % y n u Tor
tUt4k4 t040t UU U0ot WOU0 " VIZ Z ~
tn0oss. end thoso y uo0e addition 70 IN mum
bes 81 safl and wire woFks ano machine shops
employed. But the demand for most products
Is small: steel bfllets are called hrmer at so:
ship plates are delivered nj philadelphia yards
for ~. Is. and bar sells with decreasing demand
for sI.35 at Chicago. II IS hoped tina; monetary
ease and security may encourage railroad ex-
tensions and more architectural work. But
the shrinkage in demand Is not wholly due to
the state Of the money markets. Lake copper
is sold at " cents. Tin is a shade lower. lead
Is quoted at ~ cents. in spite Of the sale OF
ilJoy tons. and spelter Is firmer only because 81
large purchases for export
The New York banks still m money.
and commercial loans are more largely asked
and obtained. This enables merchants to take
goods out Of bond. and may increase customs
receipts. which have amounted In twenty-five
days OF October TO si0. .Ue. egi. against 1885.
$50 for the full month last year. Apparently
the months decrease will he about -
per cent Internal revenue is probably
better maintained in the same time. sii .5J,.Op
against Si4.5s3. .s6 for the same month last
year. The treasury gold fell to nearly s-i.oo.-
90. but has since risen more than a million.
pension payments decreasing.
The number and magnitude ~ failures de
creased less than has been expected. the la
hilities in three weeks OF October amounting
To sI. 1os. i2o. against about s7.oOo1 for The
same weeks hast year. This week there have
been 49, failures in the United States. against
Isl last year, and ~ In Canada, against - last
year