The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-09-15
IhE TRADE REVIEW.

lndust rial shock the Country sustained
Evidence Going 90 show that the tro-
dncing Force of the Country. After
Month. of Constant Decline. Has nesin
to Increase.
NEW YORK. Sept Or. q. Dun 4
Go. + weekly review of trade. published
this morning, says
Improvement has extern Ted from the hanks
20 the mills. The condition OF the great IN
dustries has distinctly mendcd. though still
seriously depressed More important by far
than any result Ia stock j. the fact that more
works have resumed during the pas; Scek than
have stopped OPERATION 80 that the producing
force OF the country. after months ~ constant
decline. has begun 10 increase.
DISPATCHES mention tw-nty-eighi textile and
thirty metal works viii, have resumed, some
only with part force. while twenty -ise ieNtiie
and nine iron works have stopped II i cN-
rettcd tina. most OF the Fall River mills VIII
start soon. the hands asserting 10 reduced
wages
The money market IL more healthy: the pre-
mlnm on currency has almost vanished. thr
embarrassments in domestic exchanges have
weilnigh disappeared and while very little
money is vet available for commercial or in
dusirial loa1s. there Is some relief In that re-
spect also.
II was time for some improvement Sep
TENDER |. the output OF iron furnaces In blast
was only si..ll tons weekly. against i0s .0is
August aud ~ i5i May that much less
than half the i.piu.ing forces was engaged.
and yet M inuirs-'-r were 80 stasnant that
uasold stocks o. ri, ron incrcas 81 ssV0 tons
a week in AatuSi II Is stated that further
reductions Ia the output have seen made since
September eran.
The Thomas Iron Go. las re- ucei its price
for pig iron 20 cents. lLi some other con
Germs are srllin. standard 30. a. low Is 81
pcr ton. Sofi steel has reached the Lowest
point on record. so at Pittsburgh. ant sntstan
TALLY all rail w1rS~ ia the country are idle Tut
there l. "A better dcmard FOR hardware iron
rods taroed wires and contracts for arr hit &c.
trral work ami agrie ulturai implements are re-
ported AZ Chicago.
Sales OF ~, 81 l,sve cen the lowest on rec
ord fcr years. 1871 loo pounds at the principa
market, for the last week against s.dsdl0 fo'
the same week last year: the average of 10
grades eng Il cents the lowest for man,
years ami ia the manufacture it can hardly "
said that recovery appears. In cotton mill:
resumption OF wei TX is quite general and ths
paper hnSiness * doing better. while the 1ro,
paper and the Illinois glass works are start
ing. But shipments OF boots and shoes from
HoSt ~ were again ~ per cent smaller for fh'
week than last year and in three months thel
have been al out SCOOP eases against i.uHDW
last year
Chicago receipts OF cattle in August wer'
csiss4 lead. against 3is.a5i last year. dc
crease OF over Is per cent
These evidences Of the extent o, depression
are needed now. feeaus- they show why m
sudden recovery which some look for u no
possible II will take time to revive business
after such shock as IL has sustained an'
there i no occasion for disbursement II re
coyery Is slow While the money markets
have greatly improved they are yet far from
the normal condition and the crops are Il
doubt; The prospects for corn have not I'm
proved. and the injury done hy drought seem
10 insure much smaller yield than was eS
rected The price during the week has al
vancei full half cent
Western receipts OF wheat have also heei
only ASH S57 bushels for the past week. agains
..G.g35t bushels last year and a. accounts o
short crops abroad grow more definite III
price here has strengthened fully cent. ~
ports for the week have been !: iS) - bushels
against > i.3. 753 for the same week last wear
Cotton has advanced u cents. with assu'
ances that new treasury arrangement will "a
cilitate the supply Of money for moving tn
crops After touching cents. the price ha'
fallen sixteenth. and crop reports are stu "a
vorahle on the whole IN spite % damage ny IN
storm in South Carolina That the volume @
trade has been small OF late is not SUI
prising Exchanges through the principa
clearinghouse outside OF New lor
continue TO show n large decrease
| comparison with last year. for the past wee
ga per cent Although several banks Whit
we're forced 10 stop in July and August hav
resumed this week the numerous failures 9
! two months have thrown into confusion IN
calculation OF merchants and competed them
curtail operations. Incomplete returns OF a.
sets and liabilities for the month OF Angus
show that the liza bilities In about i.fso failure
amounted 10 SIS s46.G 90, and the returns for ih
remaining failures Of the mouth will prohabl
raise the amount above ss0OooOco The asset
reported we're s5s s.s.eio This body OF ~
faulted liabilities for the single month OF Al
gust exceeds the aggregate for any eni!E
quarter except ave 6.ring the past sixtec
years.
Failures for the week have teen only 3,3 I
numher against J.. last week. and ~ for IN
week preceding: and - in Canada. against
for the same week last wear. While one lar-'
mortgage company swells the aggregate OF IL
hihfies for the week the average OF other TAI
ures were lower than usual ~ being for lea
than S. OCD each. and only four for over tiv1.w
each