The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-11-24
MONEY AND BUSINESS.

Oasiness slowly Calming. Hut the Pre-
Or~ss In uphtil work-Tho Monetary
situation GettinK Easier - the Gersral
Alarm subsldes and the surplus In the
New York Hanks increases sp~cuistioa
Continues Light. Produce Markets SHOW
Weakness and Industries Continue to
Resume business Failures Etc.
NEW YORK. Nov. 1s.-R. q. Dun 4
Co. + weekly review Of trade, issued to-
day, says:
business is gaining, but IL is q constant CON-
plant that the change is slow. IL Is but very
few that realize how heavy q load business
has TO drag after IL In climbing up again. Leg
tslntiye uncertainties weigh heavily. but other
loads may be overlooked. The past depres
sion with trading and manufacturing failures
involving more than fsi5 90 90 in nine months.
besides banking failures OF enormous liabili-
ties and failures OF heavy firms involve con
ttnnal embarrassments which men are prone
To forget. There has been great encourage
ment during the past week In the fact that No
vemhcr payments are far more satisfactory
than was feared. and yet the extensions would
have seemed alarming in other years. Mer-
chants who collect part OF the amount due are
reloiced. but their buying power is no, as large
as usual The extraordinary shrinkage in pur-
chases for consumption. IL lessening. has still
made II impossible for many firms TO 20 on
before. and the largest failure OF the past
trates embarrassments which cannot be ter
minated in week or a month
Monetary dine ulties no longer hinder. It's
true the treasury cash has fallen to s9s .Bs- sos
of which only s<5 400 sgi was in gold. but there
il no such alarm as there was when the gold
reserve went below 500 .000On. business IL
not leaning on the treasury. and IL is well that
it is not. The receipts for the month thus far
are about ~ Oo) less than expenses. and the
imports in October decreased about ssD.0oOOsO
partly because of inflated valuation OF goods
imported last year Weekly imports at New
York decreased in part from the same cause.
Hut while the imports in October were only
tSl .6ii.. ~ and exports OF products ~. 6s5.s5.
yet the enormous balance on merchandise
count brought net imports OF only sI.oJo0os
gold. The exports represent large increase
In the quantity OF products sold. but at lower
prices. while in place OF merchandise i'm.
ported IL l. evident that there have been large
imports OF securities from abroad The banks
OF New York hold IA great surplus. and the fact
nov comes out that OF the clearinghouse
tificates recently issued three banks took from
g. 0DO0Io to ss.0rf OO0 each. indicating the mag
nitude of stock loans carried over.
II has not been much of week for specula-
tion. and that perhaps is encouraging Stocks
have slightly declined railroads an average 81
33 cents per share. and trusts ell - per share.
the grangers and some 81 the trusts being
especially weak The impression prevails that
earnings OF railroads must decline greatly
nov that the passenger 'raffic is no longer sus-
tained by the fair. But freight receipts alone
declined in October H. per cent. compared
with last year. and in the first week OF Novem-
her lO1 per cent. and although passenger
EARNINGS showed q gain OF only IA per cent.
against per cent in October. the decrease
on all roads was but ~ per cent for the first
week on November II is also to bc remem-
bered that the earnings represent that part OF
tba
was least apparent
In produce markets weakness was the rule.
and yet the yielding was but small Wheat ia
quoted full cent weaker. though WESTERN re-
ceipts are about $1,000 bushels less Than
usual the Atlantic exports being only 10000
bushels. against s.3DDOO0 last year. Corn 10
cent lower with larger receipts. Cotton. with
large receipts. Is an eighth lower. Pork prod
ucts are lower. with large selling. and coffee is
also lower.
The condition OF the industries improves.
but they will await the revival OF purchases by
consumers Twenty-four works OF all kinds
have wholly or in part resumed. against four
teen closing. yet less than half the on-workins
power is active and out OF ninety wooden
works at the east only ten working fun
time. while forty 1--we were shut. down Soyem-
her l. the production for four months In mems
wooden being ii.Si343i yards. against .a.a5s5Do
last year.
OF 5000 persons employed In textile mills In
Philadelphia only 1880 are at work. There
fore II l. gratifying that. for the first
time in many months the sale OF wool exceed
those OF the same week last year. Clothiers
evidently begin 10 realize that they cannot get
goods at all unless their orders prevent gen
eral closing Of the mills early in December
In boots and shoes here is also decided i'm
provemcnf In spite OF the fact that orders are
smaller than usual aud most factories are re-
ceiving orders. though not enough for full EN-
pIoyment- Shipments from Boston for thu
week were only per cent less than year
ago.
The great change in steel rails. which arc
said 10 be selling ut Pittsburgh for so instead
OF ~ a few weeks ago. has given much sfimu-
lus to the demand for materials. and western
mills have also taken some large structural con-
tracts A little better tone is seen In pig iron.
and large orders are reported for cast pieces.
But the whole business Is still small.
The New Jersey Central has suggested
stoppage of anthracite collieries for two days
i'm the week TO sustain the price. and there ~
said to be general assent
The decrease In the volume Of business
through the clearinghouses continues about
the same. and for the past week was is6 per
cent
The failures this week number "a in tho
United States. against Iii last year: and % IN
Canada. against X last year