The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-12-22
THE STATE or TRADE.

Sos weekly Westcw, Ms Ia Cause ANY
Great Amount Of Jubiiation Though
supplies OF Manufactured Goods ~.
Running Low. Trade sim Waits, a. ~
~ Possible. 10 See What May Turn IN
business Failures. Etc.
NEW York, Dec. l6.-R. G.. Dun q
Co. 5 weekly review OF trade, issued 10.
day, says:
IL II proof OF the enormous vitality OF ihe
country that, while mills are stopping In rvrrv
direction, ana the array Of uncmployca h
larger than It has been for many years. Other
mills are constantly starting up TO answer ihe
demand which single year Of uuprcred,.tt.t
disaster has only diminished Industry Il do.
Ing nothing on speculation but tho need,
which the wonderful growth and past prnS.
periiy OF the people have created are pressing
upon supplies exhausted by months 81 ~
duced production. Trade still wait, al
much as IL can. and YET the
volume OF business on mere hand.,o mouth
basis is such as would have been called large
few years ago. Measured by clearing house
exchange. II Is ~ per cent less than year ago
the decrease being greater al the west ana
south and less At the east. Measured rs rail.
road earnings. Il Is ia.6 per cent less than
year ago, ths largest decrease OF any week
since September. partly because passenger Ia.
crease no longer makes up for freight decrease
and partly because OF decentralization In trunk.
line freights but while the decrease on those
lines Is II per cent. II Il 23a on western
wheat-carrying roads and Is on Pacific roads
reporting.
Iron workers have accepted lower wages N
tho Pittsburgh region. and numerous works
have resumed. Thus the output Of pig iron
suddenly increased from NJ 01O tons weekly
November |. to $3.50 December l: but II - set
only - per cent az thr whole output ~ Isl
tons, last May. The fierce struggle Of the PITTS.
hurgh region for business drives prices 10 tile
lowest point ever known-sii for BrsSetaer
iron and si6 - for steel biilcts-ard takes
away nearly all new work from the east ana
west. where depression increases Yet some
additional furnaces went into blast last week
In shoe manufacture new business is narrow
and few factories work full time. shipments
from the east FOR half OF December bcin. 3
per cent less than last year
In cotton manufacture there Is much hesiia
ton ana prices OF leading bleache good have
been reduced. resulting in larger sales while
other lines are in moderate demand.
The wooden manufacturers three weeks ago
were buyny s.ooDo)o pounds in three chief
markets. hut this weeks report is only 81,
sJJ. against 55lg 500 last year. aud several mills
have stopped production, less than half the
machinery Icing at wor.. Some linen. sllk.
glovc. hat and other concerns have also closed
Speculative markets have not been tuayAai
nor much depressed. Railroad stocks are a
shade lower. which Is not strange IN vi "
the decrease in earnings already noticed and
the fact that cast-bouud tonnage is - per cent
less than year ago: and yet the Pennsylvania
orders 5000 tons OF rails. and considerable
orders for ears at Chicago are mentioned
Poor earnings are reported on St Paul aad
the Western Union. and the exports .: gold
have depressed prices. nut the payment Of
dividends y the Atchison and the order ~
the Trunk Line association To restore rates
January !. give some encourage ment
Wheat receipts al the west have been a.e4l
s72 bushels. against 1919 i3the same week last
year. aud Atlantic exports were only 500 "a
against is,g3sS las; year. and stocks IN sight
Increased rapidly, but prices declined with
sales OF only iGgl 500 bushels here
Corn receipts were very large. 3.fG33s3 bush.
els. against -tll39o last year and exports
were fuly maintained. the price yielding halta
cent
Pork packing nj the west exceeds last years
and prices drop In spite Of the fact that hogs
are proving u poor quality.
The sugar crop OF Cuba Is estimated AZ
i,U0UpD tons out prices yet fairly
steady. Cotton receipts have been very heavy
1900 bales larger than for the same week last
year, with exports only 1000 larger. Takings
OF northern spinners decrease, but prices al.
vanccd three-sixtc snths.
The money markets have been scarcely ~
gold TO Germany on gold bills and II l. natural
that bankers are willing In present conditions
TO and the treasury by supplying a. much ~
$4,000 900 gold for export. But larger move
ment must appear before very lony. unless
trade conditions change or exports OF mer.
ohandisc for the half OF December the d..
crease IL gD.,1J or IL per cent while the
decrease in imports was sl6p.ooJ or pr
cent.
The week has brought fewer sales OF stcc,s
hy foreign holde RS than usual and some NV
Ing. Commercial paper. II bought ut ali. goefat
lower rates but there Is much which the banks.
even though cloggei with money. do not want
The banks have also aided the treasury by keep
ing back due bills for mutiiatei notes
deposited, virtual loan which amouni,
to about x50Oj.O)) month. But treasury
receipts do not improve and the banks here
have somewhat generally advised the admins
tration to provide without delay a,ain~, n.
rire contingencies ly same form OF short-ti1le
loans
Falures are numerous and large being 30 n
the United States for the week. against ''s
last year; and 40 ia canada against = l'rt
year.