The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-06-29
DUN'S TRADE REVIEW.

a Week that Has Becn Rich In Promise.
| Hut Notably Poor Ia Pcrfor finance The
| Export of Gold and the Vast Accumnia-
| ting OF Unemployed Capital sim Con-
tinue-- No rerceptibie Improvement tn
ksu-inc-s.
NEw York. June -. r. g. Dun -
Co. : weekly review of trade issued to-
day says:
| The week has been rich in promise but poor
IN performance II was confidently promised
that exports ~ gold would cease. bat they have
not II wa> promised that the end ~ the coal
strike would bring Immediate recovery OF in
du>trleS hu, partial resumption OF work dis
closes comparative scantincSs Of demand for
products while the miners OF Ohio in coaycn-
tlon have rcpudiated the settlement ana con-
tlnuc the strike. and IN many other localities
II lingerS. and. above all the coke workers
strike blocks most ~ the iron manufacture in
the central region. less than quarter ~ the
coke ovens being yet ~ work. II believed
THAI late changes In the tarn bill would hc
more satisfactory 70 industries. but the new
schedules have not Yet diminished hesitation.
The exports OF gold have been ss.ss0o0 dur
Ing the week. Notwithstanding Continued and
more liberal sales OF exchange against prod
nets 20 be- exported In July. and NJ rates fur
Their away from sight exchange. The Hood Of
money from the interior. amounting TO about
slsre 40 for the first half of 1924 continues
10 SHOW tlt greatly ftAuCtu demand Tor fNnt>.
and AZ the same time heavy hquidations
In reorganizing railroads. especially by
foreign holders. have operated as
magnet 10 draw abroad the UNI
used coin OF the country. The treasury gold
reserve j. reduced lower than Il was NJ any
time in January. and the government proposes
TO ship legal tenders to interior point, against
deposits OF gold in the treasury at rates which
virtually constitute premium gold The
conference OF New York bankers proposing 10
provide gold for export resulted in little prac-
teal gain. but called public attention more
distinctly 10 the difficulties OF the situation.
Most tenders now require n stipulation for gold
payments In all time loans.
The customs receipts for the week have been
~ .~sa il3 against s3.sss,li9 last year. and the
internal revenue also decreases So. 900. The
market for commercial paper l. singuarly mar
row. with extreme caution in the scrutiny OF
names.
The liquidation IN stocks largely held abroad
was the only prominent feature which relieved
the dullneS> OF the stock exchange. and stocks
were remarkably steady with small transac-
ton>.
Railroad earnings for June thus far show n
decrease OF >. per cent. which i about the de-
crease on the granger roads while the trunk
lines and Pacific roads report little smaller
and the other eastern. and some western and
the southwestern roads much larger de-
crease. The tonnage movement * large in
grain, provisions and live stock with especial
shipment OF horses eastward from Indiana and
Kentucky. but Is small in manufactured prod
uct> aud ia coal
Operations in wheat advanced the price | x
cents. though western receipts were only
1881 $40 bushels against > 2fs .ls5 last year and
Atlantic exports only 555g3l bushels against
, 5f2. ts>9 last year. Corn advanced some. but
again receded with small exports and fairly
large receipts Cotton declined sixteenth.
but recovered The visible stock OF American
here and abroad j. 2,5l2s90 bales against
2Ss. .573 last year and there i every reason 70
expect an increased yield.
II was confidently expected TINT the settle
mcnt Of tariff rates on textiles by the senate
would improve the condition Of textile manu-
features. But there l. scarcely an evidence
Of such "a result A. vet. the large sales OF cot
ton being traceablc TO more ~easonable weather
and larger retail sales. and 10 further conce~-
sion> by sellers. The stock ~ un sold print
cloths nj Providence FAN River and Bos-
ton * over million pieces. but the
accumulation continues. The orders for fall
are limited. and staples are irregular in price.
As before. dress goods fare better than other
wooens. the pressure for samples promising a
fair trade One explanation j. that the final
marketing OF such goods to consumers can
be effected before any change OF duty.
But the new arrangement OF duties woolens
has rather increased than diminished hesita-
ton partly because many think Il may not be
final and partly because it, effect upon mar
ket> next winter cannot yet be anticipated.
Wool j. less active and rather weaker. with
sales about equal 10 half full consumption.
g. s5ii pounds against s.9s9. 500 for the same
week last year. and 5ii3a5o in isg. For three
weeks Of June the sales have been s.s1g.i24
pounds against 10. g33 go in isgs
There is much disappointment that the par
tial termination OF the coal strike does not
promptly enlarge the demand for iron and steel
proftfcfS which IL eyffapflv NJ of
to support much increase Of production.
Prices are weakening. Bessemer pig selling at
1850 at Pittsburgh. beams at Al 30 and angles
at si.e0 Western orders are comparatively
liberal, though much smaller than in
other years. but improvement
IL at Philadelphia. while
in the central region the continuing coal strike,
and grave uncertainty about the July settle
ment OF iron workers wages cause much hes
itation. The shoe industry appears To fare bet
ter than others in quantity OF products. though
mainly in low priced goods. for which most OF
the manufacturers have orders reaching well
into the future. while the medium goods
greatly neglected Shipments from Boston for
the month thus far have been sTj6.6 cases.
against si2 $40 for the same weeks last year.
The volume " domestic trade. measured by
clearings. shows no important change. though
the heavy decline year ago vitates COMPARE
son with that period. Compared with l-.ss.
the decrease y fs.s per cent. outside OF New
York and 243 per cent. at all points.
The improvement continues in failure re-
turns. which show an aggregate OF liabilities
for two week 81 June amounting to s65sO0,5
~ which a. ~ g06 were Of manufacturing and
s4il3.6Ss OF trading concerns.
The number of failures this week has been
PA in the United states against 263 last year,
and = In Canada against ~ last year.
THE LISBON BAKERS STRIKE.
The strikers Compelled to Go to Work
Under Military and Police Surveillance.
LISBON. June o3. The encampment
q L.. Al l.l- ~ IL. l..