The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-06-16


Weekly Review Of Trade and Financial
Conditions Througho the Country M
sumina rized 10y the x. q. Dun 4 Co.
Commercial Agency business Failure,
for the Week. Rte.
NEW York. June lO.-R. e.. bun a
Co. 5 weekly review Of trade, published
this morning. says:
The severe depression OF % week ago which
eliminated In very tight money and numerous
failures has teen followed by some recovery
Reports that definite action by congress on the
money question has been assured have done
much 10 cause the better feeling which indi.
Gates that apprehension Of the future rather
than present difficulties causes much OF the
trouble. But the stringency at Chicago and
elsewhere han forced realizing on the unproce
dcntcd stocks of wheat that the lowest
prices ever known have been made here and At
the west This has helped exports and in
other respects monetary conditions are dis
tinctly more favorable. The treasury Is gain
ing reserve. exports OF gold have been arrested
foreign exchange has fallen with dearer money
here and reduction OF bank rates at London
ana banks at Chicago have rallied with success
against the runs which appeared threatening
Though no radi cal change In underlying condi-
tiHls has occurred there Is more hepfulncss
and some recovery from the extreme contrac-
tion Of credit
Al Boston banks are very conservative col.
lectons poor, and no improvement appears In
trade. Operations are checked by scarcity OF
money. Lumber Is less active and wool ex.
trcmely dull and depressed. but better orders
are seen for shoes especially from the south.
west aud cotton goods are fairly active though
print cloths are weaker. At Philadelphia
banks are holding money cautiously taking no
long time paper. Trade in dry goods Is no,
heavy. and little activity is seen in jewclry ana
groceries. There is rather more business In
tr.t. lt,t los. -
and the worsied trade much restricted. Col
lectiois bad In nearly all lines. Balt-
more reports quiet trade with little
better collections. At Cleveland trade is
fairly good. collections improved. but money
close. At Cincinnati trade improves little,
wholesale clothiers having satisfactory orders.
and mcncy Is active. but collections slow. Al
Indianapolis the grocery trade il better but
Others not satisfactory. and AT Detroit trade
is only fair. fail bills closely scrutin!zea
and banks are carrying many loans. Chicago
reports trade orders satisfactory for the
son ana the excitement caused hy some failures
and the run on several banks now seems over
Banks are considered safe. but pursuing
very conservative policy. Receipts increased.
compared with last year. per cent. in cattle.
10 In hides. - in butter. SIS In sheep. 81 In oats.
100 in wheat and 70 in corn. hut dccrsa sed II
per cent in -four 20 in barley and dressed beef.
.. in rye Is in cheese. % I'm hogs and
lard. 40 in pork and seeds. and "
In cured meats. Excitement l. suusiding
In Milwaukee. but money is very
close and dealers going slow. Trade AT Min
neapolis and 81. Paul Is fairly active and the
lumber trade strong. with crop prospects fair.
At 81. Louis banks are extremely conservative
and calling loans Whitaker & Co. pork pack
crs failing from inability TO realize on local
securities but the jobbing trade Is satsfac-
tory and. with the south, much improved Al
Omaha trade is good: at ST. Joseph good In
goods and fair n groceries Kansas
City fairly healthy though receipts OF grain
and hogs are light Trade AZ Denver Is fair,
but at Little Rock dull. and at Louisville re-
strcted with money close. AT Memphis trade
f. very quiet: at Nashville fair. and al Knox.
vile fair, with money close and collections
not improved AZ Atlanta. Iacon and Au-
gusta similar conditions exist At Charleston
the hardware trade f. fair. hut dry goods and
groceries moderate. and at Galveston ihe trade
is fair. hut collections slow ana business duh.
excessive rains making crop prospects doubt
full
Wheat has gone below II cents here and d3
at Chicago. with receipts OF $4,000 bushels
daily and exports 100000 bushels. Corn has
fallen cents with large receipts oats. cent
lard. ~. and hogs ten cents per 100 pounds.
But oil IS 81 stronger and coffee unchanged.
Cotton is quarter higher AZ bet
ter foreign buying. Tin is stronger
on the surface. hut lead lower AT 3.75.
and sale OF 10000 pounds lake copper at II
cents Is reported Iron Is very dull AT New
York and Philadelphia. and sales are reported
atastonishingly low prices at Buffalo. Dealings
in bar show great anxiety for orders and struc-
tural iron Is duh. Wool sales are remarkably
small In low grade cottons there has been
some advance. but in finished goods buyers are
slow. The financial outlook Is not helped as
yet by foreign trade as imports continue heavy,
while exports are still below last years.
The failures for the week number -, in the
United States. against los for the same week
, last year, and - In Canada. against - last
year.