The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-12-15
MONEY AND BUSINESS.


aud Financial Markets as Goiistsd and
Prepared by r. a.. Dun a 10. Trade
Continues in a Waiting Mood Money
Plenty wiih Light Demand for Either
General ar Speculative business HUSH
ness faiirre for the Week. Etc.
NFw NogK. nec. Or. q. Dun &
Co. : weekly -,view Of trade. issued to-
dav. says:
Trade az an kinds l. waiting. There T. nc
visible Improvement. and on the whole the In
dicafions are little less satisfactory than
they were week ago. The volume ~ business
measured ~ clearinghouse returns outside OF
New York. show decrease 81 only u per cent
compared with last year. which l. cncourag
in.. but as the statement covers she payments
for the first ~ the month Ii mat aot correctly
measure the volume ~ new trans@ ctlons- The
reports from the other cities stoN hcsita
ting trade almost everywhere wt.h decided
disposition u wait until congress las acted on
the tariff question. Hence the delay and IN
certainty are likely 10 last for soma weeks
The speculative markets have not moved
much. In railroad stocks there has been a
slight decline OF nfry cents per share. and Ia
trust stocks nearly much. wi'houl muca ex-
cltemen, In either market The sales have
been only a million shares. hut rep< rts in re
gard 10 the increase of taxation Of sugar.
whisky and other products make whatever
market there +.
Railroad earnings are fairly encouraging. FOR
they show decline Of only per cent. com
pared with last year. and in freight earnings
the decrease is only per cent The eastern
roads continue TO show some gain. and on the
southern roads there il small decrease. hut
the decline western roads L. stlll heavy.
running from 70 10 per cent. with even
larger declines in Pacific roads
Wheat has risen shade. The western re
ceipts were only 3.s57.eSi bushels against
66ys. 10 for the same week last year; while the
exports from Atlantic rorts were only 80 -
bushels against s.ii0l for the week
last year The receipts Of corn were unusually
large. amounting to s.s.s al bushels. against
2-ff 20 FOR the same week last year. and the
exports were ssgCc6 bushels. against o. $50
las, year.
The movement Of cotton was not cnrourag
i'm 10 holders and appearances indicate
larger supply on plantations than hal ueer *
pcctci The receipts AT the ports for the week
were ~ eos tale-. against sis.ai7 for the sam
time last year but the exports were i-s>lp
bales against ia 20 last year Tine price de-
ciined an eighth with strong evidence that the
continued heavy receipts wearying ths
holders. The cotton manufaeture does better
than other branches al present. and yet ha-
not very healthy appearance The demand
Is not strong. and prices Of goods are barely
maintained. The disposition 10 h''s with vrca;
caution and ~onhne purchases 70 actual re-
quirements i more clearly unaffected than la
prcyioac weeks
menf Is very clear and there seems reason
to expect any decided recovery until congress
has acted on the tariff question. Several
works have stopped production during che
week. and other, are running only % MI or
ders which will soon he exhausted No quota
bic change T. noted IN prices. but the sales "
wool for the week have been only 3.ss.59
pounds against .ssq 20 for the correspondin.
wetrs last year. IN. demand FOR speculative
purposes continues. nd \ considerable proper
ton 81 the sales are ~ that character.
In the iron and steel manufacture there are
symptoms % improvement The eastern rlaf-
kcis are waiting. AMI while one company has
gone IN the market o speculative buyer.
taking about 1900 II + said. and there
have been large pure bases 81 pipe iron also.
the general tone Of the market Is not i'm
proved. There is n feeling hat the steel
rail combination viii rcsu.; in decided de-
crease in the demand for rails and also for
pig iron; and st Philadelphia and Pittsburgh
no improvement Ia prices is seen
Copper is sonewha; stronger. with I0is bid
and the evidence OF u combination OF pro
cucers accumulate Lead has remained I'M
changed in price. and In tin prices have been
almost stationary.
The prospect OF renewal OF gold exports
causes no great excitement in the street. as the
hand. that a rcail, heavy i,ss would not cause
tn I'm any emit amusement Yet IL Is felt that
ans onigoof gold At this time would be evidence
that Europe has been selling large amount OF
securities in This market AMI there i a feel
ing that such sales may easily be pushed FAR
enough 70 eau~e serious disaster The bank
reserves amounting TO sies.oD0b) are tue
largest ever known. and there j. a feeling that
the accumulation 81 idle money here j. SOM
what dangerous 10 legitimate trade. but yet
there appears no indication o, speculative cx-
ciicmcni ia products or In stocks
The inc rease in circulation during the
month q, November about ss.ss0o. al
though there was no demand for additional
currency in any ~ the interior markets. and
the evidence Is clear that the supply Of cur
rrncy = far in excess Of the needs of business
The failures for the week numier 80 in
the United States against FL FOR the CORE
spending week last year. and 4. ia Canada.
I - ..--s I-LA-f .-1.-.r