The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-02-23


~ Record breaking la Low Prices
wheat Iower Than u Dtn- uccn In
| seventy Years. Cotton Declining. Storks
| Ditto aud Textile Industries About at
stand-tili ssu-ineSs Failures. Etc
New Nogk. Feb. i7.-R. q. Dun &
Co. IS werhly review Of trade, issued to-
day. says:
This has been a week OF record breaking In
wheat la silver. IN some forms ~ iron and
sicei. In ,onucll~vile coke and IN eil-known
cotton and WOODEN goods the lowest prices ever
known hays been made. and ~ " gratifying
that failures OF Importance have not resulted
| The great fpli Ia wheat had a rrrreptlllc IN.
| nucn,e upon the tone Of business generally,
and there was less confidence ~ Wall street,
less Improvement in manufactures and u
greater decrease In the volume OF payments
through clearlnshouses. which were - per
cent less than year ago outside New YORK
and a. per cent less than a year ago here.
notwithstanding unusual transactions Ia grain
while ro action especially hcarlns GA business
prospects was taken Ia Washington. the con.
iinued discussion % revenue ana monetary az
| fairs ana the uncertainty regarding them have
. constant and unfavorable influence, and In
different markets have caused sudden nuctua'
| tions In prices.
Wheat ~ 6b7s is not only lower by ~ than II
was for single day last year but lower ~ I.
than IT had been In tho previous seventy years.
A visible supply Of over s0,omoJ) bushels Feb
ruary l. with sales and receipts from farmers
continuing large. have completely destroyed
faith IN the oiicial reports OF tho yield last
| year. ana caused enormous liqnidatlonS Re-
ceipts last week were sol Isl bushels against
| 2gl .0'S for the same week last year hut At
| lantic exports were only i,g 10, bushels a"nin~t
/ loi3Ois las, year. aud the resent decrease Ia
! foreign demand has been an important factor.
! Some trust companies have arransel 10 adj
vance money AGAINST WHEAT collateral Sc
curiiy hut with re- ATS not a. yet cacourag-
tug
Cotton declined an eighth with Increasing
ci~iru~f % short crop estimates. The receipts
from plantations this week have necn larger
than year ago. ana al no time small enough
to support the idea that the crop of 1893 was
I hut 100000 bales which would mean that less
than 10000 BALES have yet 10 come into slght
la over six mouths
The slight recovery IN prices ~ iron prod
ucts has not iccn maintained iesscmer pig
has declined az Pittsburgh t. s!Oe and gray
forge 10 81 and steel Iille,- IRE sold rclow
SIC there while 20 Philadelphia moSt rolling
nil products are lower than ever The 'ir-
cline i~ the more noteworthy because an In
crease in demand is reported, 10th IN western
ana eastern markets. especially IN structural
forms 1T the west ana here. where several
la..r buildings are projected The ,mani
for wirc rolls. nails and fcnce continues re
maraaply large ana sustains irices, ia, nails
are sta ,nant
Connclsy.lle coke sells 1T - cents The low
est price ever male, anl while the ontput in-
creased for the weak fli tons. only - per
cent. % the ovens are in Use.
Heavy reductions IN the price of lake ore
Is reported. with large contracts ~ a. -, Claye.
| land delivery Mluor metals are weaker. with
restricted consumption.
Shipments Of boots an shoes from the east
are 10 per cent less than year arc. with
/ tlf.upr frIIn. frallrliuufinv "a - uu
IN manufacture. ana not somasy factories fully
employed
Textile industries DO no, seem 10 have
| gained within N. past wees 'or a. many
| WORKS have closed rs have RESUME work. and
! in WOODEN and cotton manufacture more. There
has Teen sharp break ~ print cloths 10 90.
| cents. some 90 the bcst-known cottons have
been put 40 the lowest prices ever made. and
there * more talk % general closing 81 mills
Some wooden mills 81 large importance have
| stopped one because reduction o. vases was
resisted ana in textile works such reductions
have been more numerous and larger than In
! any previous week
The demand for wooden goods does not i'm.
| prove and sales of wool decreased sharply az
ter the rrisk activity two weeks ago. being
| only t.iii5ei pounds for the week. against
| So 800 last year. Though SOM grades are
scarce and prices rclati vcly higher west than
here the markets do not advance.
Stocks have Teen weaker with the falling Of
| wheat. those OF granger roads declining over
| u per share In most cases. aud the New York
| Central. also ia spite ~ The fact that trunk
! lines and granger roads showed much less de.
crease in earnings than in any other recent
week. The average decline Ia railroad stocks
was ~ 'nts per share. and the decrease In
earnings OF roads reported for February is
| but per cent. taor,h ths decrease in
castbouni freights from Chicago are 3gi per
cent The weakness In railroad stock, Is in
part due 10 violent fluctuations In trust stocks
and the break In sugar. which fell - per
share with heavy transactions. The average
for such stocks declined $40 - per share. being
! especially Influenced hy reports regarding
! legislation. London bought some shares. but
! not enough to afsect exchange materially and
the rates for stocks advanced with few com
mercial bills Offering. nearly 10 the gold
exporting point.
Exports OF merchandise were about 10000
| smaller for the week than last year. and for
] six weeks the Increase has been only 81 100 0Dl
~ per cent. nut imports eastward were III.
tie more than half AS large as last year and
for the year thus far the decrease * about e.
! per cent
There Is no change OF Importance in money
markets with no increase 10 commercial
loans
Failures for the week have cen i3c in the
United States against lgs last year. and IS Ia
Canada. against 80 last year.