The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-07-13
DuN's COMMERCIAL REVIEW.

The Usual Signs Indicating the lsusiness
Outlook Rendered NaiurIess nv the strike.
which. However. Has But LATHE Effect on
the Price 81 Railroad Stocks An Encour-
aging Reduction shown In the >u,n-
her OF Failures.
New Nonk. July -.-R. G.. Dun a
Co. + weekly review of trade. issued to-
day. says:
The interruption of business by the railroad
strikes has been such that the usual signs.
whether bright or gloomy, have little value.
Stocks are notably unaffected and ciosr witha
decline OF only II cents per share because II Is
commonly believed that the struggle cannot
last, and viii be followed by quick recovery OF
any loss Railroad earnings show decrease
Of 2i.3 per cent for June, against - for May
the main trunk lines at the east the west
and especially at the south averaging less. and
the other re ads more: but these returns refer
to riots prior to the strike. Clearinghouse re-
turns for the first week OF July are ~. per
cent. less than last year and ISL per cent less
than in ls9s: but these record half-ycarly set
Elements rather than the volume of current
business.
The senate has passed the tarin bill but III
such shape that no one ventures 10 risk much
on its passage without further alteration.
Speculation In products has turned largely
upon temporary uncertainties, but meat prod
uctS have been higher, with "A threatened fam
! inc here and the probability that large guam
titles viii be spoiled at Chicago. while inn
| proved crop prospects have depressed wheat
! ia. per cent The crop year ends with narrow
| exports. though little larger than OF late
| and the aggregate for the year has hcca not
far from iG5Op).e bushels flour included
though at the lowest average price ever In wn
Tho years receipts u, western ports were
about as.nDooo bushels, against .i9.WoWr the
previous year.
Cotton promises SO well and the stocks IN
4tI
I lation for an advance II difficult. WITH Two
months Of the crop year yet remaining over
7.3a0om bales have already come into ~irM,
and there Is strong promise of a much inffef
Yield this year
The iron industry had not yet recovered from
the coal miners strike when II was seriously
interrupted by the blockade Of railroads NJ
the west. An obvious effect was the restriction
81 repair and ear building and Of tract Laying
ana the track laid during the first han N ~
has been only "a, miles the smallest ABOLITION
for many years against 0,5 IN the iir~i MALI of
lss3 A large and somewhat lasting rrluc-
tion In the demand for iron f. the natural cons
sequence Of disturbances affecting RAILROAD
earnings. The demand for iron pronnct- apc>
not appear better. and prices are again tending
downward. IN spite 81 the general feeling That
an advance must follow the termination ~ The
miners strike.
The demand for boots and shoes i Slightly
better a. 20 choicer grades particularly ~
women goods and the shipments from the
east are AT present about equal 70 last wears
Textile manufactures do not show Improve
, mcnt#iwo important cotton mills manuiac-
turing cotton goods having stopped in.lrl-
nitcly while the un>old So. of print cloths at
Fall River and Providence mas reached oii-
90 pieces and downward revision ~ prices
OF hlcached sheetings Il expected.
The government has closed IT. nse.l year
wi,ha decrease Of ssseig,s7. in revenue ana
has now To make numerous payments " hich
have been deferred while from other causes
!, III, reserve would naturally be reduce ~ July.
ON the other hand payments to avoid new
} taxes particularly on whisky. are likcig 70 be
made. and may compensate for the loss ~ Gus
toms receipts this month bankers are,
: therefore. calculating that the point Of danger
j. passed. cspcc tally since gold eNppfi. have
about stopped amounting TO only $500. ior
the week.
The failures in the second quarter ~ 1874
were ss3i against 3i99 last year. and tho
amount Of Liabilities in commercial failures
was only 81 595 ss3, against s';3 gSs lsi in the
first quarter Of the year. ana siai 81 ,s9. IN
GLIDING all reported In the second quarter OF
|, last year There is heavy decrease M manu-
featuring liabilities .t,.l2i. against ST.
T q5i pa IA the first quartcy and also IN trading
liabilities sis 5s5 sg against sss 10 ia the
Z first quarter Thus. in the important
classes the commercial failures show
"a most encouraging Improvement during
y the second quarter. though the half yearly re-
o turn is large The aggregate for the half yeai
: -. n3 commercial failures with Sio5S y iia'
. hilticS- has not been surpassed IN the nfsi
half ~ any year except the last. There was a
Il great decrease in banking failures which nun
bcred only g. with liabilities OF sislsi ioi. ane
4 in railroad rcceivershtps. which numbered Il
; with si6.-oo6g5 OF Indebtedness exclusive q
stock
: Failures during the week have been III y
u the United States against 33i Last year. and 3
n in Canada against y last year with no import
a tant disaster a. yet since the new haii-yea
began.