The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-06-09
THE STATE or TRADE.

satisfactory Condition OF finanti nl A.
fairs Failures Continue and thu Cola
Reserve Stiil being Hammered Down
Uncertainty Prevails Ia Commercial C,,-
cle~. Owing Ia Had Weather aud Cio.a
Money business Failures. Etc.
NV YORK. May 2s.--R. q. Dun 4
Co.'S weekly review Of trade, published
this morning. says:
More disheartcning conditions have prevailed
during the past week. and those who saw mo
beginning OF permanent recovery In tho het,o.
tone week ago are disappointed The monev
markets have been closer. especially ia the n,
terror. and manufacturing and trade are mora
affected than before. Some important failure.
have occurred. including one bank al Nilw.n
kee. Gold has gone out in large amounts er
ports for this week being about e5O)DOD ana
the treasury gold reserve has been drawn
down to about saO.0O000o. In nearly all dcpnr,.
mcnts Of trade uncertainty about the future has
depressing influence which Is now clearly
perceived In decrease OF new business, ana
while most manufacturing works are yet en-.
ployed on full orders. as these run out the mum.
Der Of works closed increases.
Boston reports disappointing trade Ia dry
goods not equal to expe citations Orders for
boots and shoes ARE slow and some factories
are closed The wool market il quiet ana IN.
satisfactory, but lumber Is in good demand
Philadelphia reports much disturbance I'm a
fair but waiting market for dry goods ana
quiet trade in other res poets with much com
plant OF collections In all branches AT Tialti.
more tight money is felt. exports are low ana
trade In dry goods clothing and shoes Is quie,
and In paints and glass low for the season but
Gamers are busy. Trade at Cleveland Is fairly
good and collections slightly improved
though money 10 close The iron trade az
Pittsburgh Is less encouraging: pig Is weaker
and finished iron very low In price with
weaker tendency. The sheet trade al
Cincinnati is bad hut general trade il
slightly improved and collections SLOW
Al indianapolis trade Is good in groceries and
better In other lines. but collections are unsat
isfactory. At Detroit money is close vessel
rates low. and trade. though fair IN volume il
NJ very low prices Chicago reports increased
receipts in sheep 20 per cent. corn 81 oats 40
and wheat II per cent but decrease in all other
articles especially In animal products Clear.
ings are lower. real estate transactions smaller
than last year and collections show no i'm.
proycmcnt. credits being curtailcd AMI some
manufacturers restricted by lack OF arcommo
dations. Wheat IS quoted an eighth below the
lowest price for thirty years. The failure OF
one bank al Milwaukee causes some excite
mcnt, though general trade satisfactory
and collections improving. Trade is far ~ II
Paul. though collections are slow and money
close. st. Louis reports satisfactory trade
with very fair collections: cotton and corn
moving literally hut loans are curtailed TO
the minimum and there - no market for local
securities, save at buye.A' prices. At Kansas
City trade is fairly satisfactory but receipts
moderate and money close Omaha reports
good trade, but Denver only fair. with poor
collections. Al Little Rock trade IS bad with
collections slow. and at Knoxville not i'm.
proved Atlanta reports fair trade close
money and slow collections. Augusta reports
slight Improvement In trade with improved
farm prospects. but tight money and SLOW COZ.
lections. Columbus reports collections less
favorable and money very tight and at Macon
trade Is quiet collections slow and money
close. Mobile finds trade reasonably good
with larger shipments of vegetables and
money easy. Al New Orleans Business j. only
fair but building materials are very active
and crop prospects, though backward. are
promising Jacksonville notes little falling
OF. and ut Charleston trade In dry goods ard
shoes Is dull and in groceries fair. but Iobbers
are cautious in selling
Speculative markets have been sinking
Stocks are nearly two dollars per share lower
than week ago the failures. the ilI-succcss Of
the Worlds fair and the slump 10
wheat affecting prices well as the ouigo
Of gold. Wheat has declined Ia cents,
corn q. cents and oats n, cents with mod
crate transactions few caring 10 buy wheat at
present prices with the enormous stocks IN
sight. Lard and hogs are lower and cotton
has declined n sixteenth. with moderate sales.
though receipts are small. The market for tin
overloaded and fell four cents and coffee
is weaker. with reported sales below II
cents though lead Is higher. Uncertainty
about frcighis. labor. crops and finances make
the iron trade gloomy. Prospects Of trouble
with the Amalgnmatcd association suStains the
present demand for finished products. aud
higher freight rates raise prices 81 pig not 70
the advantage OF the sellers. Structural mills
are We. well Employed. hut al prices viii n re-
turn scaniy profits, In the shoe trade there
are fewer orders for the fall than usual though
shipments are sim laf.e. In meas woulcns,
country mcrehonts are in trouble with cloth
icrs. who scnd back goods ordered apparently
70 get them at lower prices Tho demand for
fancy worseds Is better aud the dress
goods market. though very sick for some
weeks past is stronger. Exports 81 products
fall below last years In value. and there is
much withdrawal OF money loaned IL this coun-
try on foreign account The fact that 5enWO
OF such loans mature within the next week
leads to the expectation Of further exports 81
gold Money on call, however Is somewhat
advanced but there Is strong complaint % az.
fculty in getting commercial loans.
The business failures during the past seven
days number for the United States @ss Can
ada II; total 40 as compared with ~ last
week and si' the week previous 10 the last.
For the corresponding week OF last year the
figures were a0s.