The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-11-23
OuM.s COMMERCIAL REVIEW.

ress Toward Recovery Noted
INV YoRK, Nov f7.-R. q. Dun &
Co. S weekly review of trade issued to
day says:
In nearly all branches of business
gradual Improvement appears and the
hopeful feeling observed last week has
continued Then IL was also noted
that the main conditions Of business
and trade had not suddenly changed
and this becomes clearer, to the disap-
pointment Of some Low farm prod
ucts, low wages, and only partial en-
ploymcnt Of labor, still retard dis
tribution and the limited de-
mand hnders the recovery at
industries Progress toward recovery
has not ceased, and many establish.
ments have resumed or added to their
producing force. some also advancing
wages. but IL will take time u lih
business ont Of its depression, and ia.
progress made. IL less than the san.
guine expected, is at least encour
aging. The decision tn offer $50, 000,-
600 bonds for rcplenishment Of the
treasury reserve was, by bankers. gen
erallv approved. but events are show
ing that restoration of confidence cam
not by itself remove all embarrassment
II is generally assumed that the Of
fered bonds will be Ia kenat once. The
effect is less easy To anticipate, for the
formal announcement that after a gen
eral reconstruction of the revenue laws
ii is still found necessary to borrow
largely tends To raise doubt about
financial provisions for the future.
The reported importation of gold from
London. with loss on its face Of
S7,5o0 ut present exchange rates,
is presumably meant TO affect
bond subscriptions. There have
already been some Withdrawals
of gold from the treasury
10y redemption Of notes to make pay
ments for bonds. and goods rather
than gold are likely To come from Eu-
rope. London has also sold here about
$4,000 shares during the week. Money
continues to accumulate. none going
west. while the outgo to the south has
diminished. Bankers are much en-
couraged by indications of larger bust
ness, but there is no increase as yet in
commercial borrowing. and one dry
goods loan has been taken at -. per
cent. Merchandise imports in two
weeks of November have been lG per
cent. larger than last year. though 80
per cent. less than in 1889. and exports
for the same time show decrease Of
about per cent.
Exports of breadstuffs, cotton. pro-
visions and oil in October were S5.,-
O0d.3 61 against SIS. SIS, 935 last year. al
though a million bales Of cotton went
a broad and the value Of the same
quantities exported this year would
have exceeded $50. 600 900 with last
years prices, the difference in prices
alone being Sl0.600.O 900 in cotton and
s.. 400. 900 in breadstuffs.
Resumption of work and increase of
working time have be- more conspic-
nous in the cotton industry than in
Others. but no increased demand for
goods appears. Print cloths are nm
changed and the market is dull. Few
shoe concerns have stopped or re-
sumcd. but shipments from Boston in
two weeks have been 1861 cases,
against il2.Gsi last year. and 1870. $40 in
have multiplied so that most producers
of such goods are occupied until next
year, hut better grades are still
neglected. In women's grain shoes
manufacturers have sold largely
at last years prices, but claim
the advance in leather adds or
cents to the cost. and insures loss.
and they are accepting fewer orders.
Leather manu- facturers hold that they
cannot sell more chcaply as hides arc
at present In finished products Of
iron the demand is on the whole mar
rover. so that structural beams are
lower: the barbed wire combination is
broken. the strife in nails continues
at the lowest prices heretofore named
and both gray forge and Besscmcr are
shade lower at Pittsburgh. At the
west there is a little more improve
ment Manufacturers Of winter WOOL
ems have good orders for this time
of the year. many still running
mainly on such goods. but there is
a general failure of supplemental
orders for spring goods. In Kersey
cloakings there is prospect Of good
season. and the retail trade in carpets
has been encouraging. But sales Of
wool are again smaller than last year.
Speculative markets have been stipu-
lated in part by the call for bonds. and
wheat has advanced one-half cent
corn one-half cent and cotton six
teenth. Western wheat receipts i'm
two weeks OF November have been -
7sl.G1i bushels against II. lG6. $50 last
year. but Atlantic export in two weeks
have been only ,0.o, 355 bushels against
i.77O,6l3 last year and they are not in
creased by the advance in psicc, which
is partly due to accounts Of extensive
feeding to cattle
Failures in the first week OF Novem-
Der were rather larger than OF late.
the liabilities amounting 10 Sc.si4.445,
of which sac. 400 were Of manufacturing
and s.. 0s6,o77 Of trading concerns. In
five weeks ending November labili.
ties in failures were Sll.la-. 900. Of
which 81. i6t. sl3 were Of manufactur.
ing and SC.5,i .o1i Of trading concerns