The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-08-17
DNN'S COMMERCIAL REVIEW.

Legislation Inp:rss-antiy Affects Hu~i-
ness. Making Present Indications aud
Conditions of Comparatively, tittie Value
III. Exhaustion OF stocks Creates some
liusincss Activity.
Nrw York. Aug. II. r. q. Dun 4
Co. : weekly review Of trade. issued to-
day. says:
With changes every hour in the
prospects about the tariff. and de-
cision expected every day. business has
nnplcaSantly resembling gambling.
Orders and purchases have been largely
based upon individual opinions regard
ing the legislative outcome. and "A vast
amount Of business has been deferred
because the decision was yet in the
future. The accommodating demand
which has stimulated trading and
manufacturing within the past week
or two represents. 10 "A grca' ca
tent. needs which have been postponed
waiting for settlement. but can toe
postponed no longer. Thus. both the
rush of deferred business in many lines
and the scantine>s Of new orders
reaching into the future reflect an I'M
natural state of things which cannot
b,. expected 10 continue. and. while
the volume Of business is larger than
the existing condition Of uncertainty
warrants. il i. in n sense. but "A shadow
of the larger business which should
come with a removal Of the prevailing
uncertainty.
In such circumstances the present in
al a q
parativelv little value, but the start
ling advance in corn disclose- gen.
cral belief that the injury 10 this most
important crop has been - great a. To
affect materially the traffic If rail
roads the demand for manufactured
products and the cost Of meats for the
coming year.
Unless the markets deceive and arr
entirely deceived. the country has 10
face a real calamity in the los OF
something like 5On.0 UOn bushels IF
corn. which consumers have To share
through the advan nee of ~ cents in two
weeks. AMI . cents since Friday of last
week Neither official or unofficial
statements ~ yet preclude the hope
that the loss max prove les serious.
l'nt at current prices 100000. 900 bush
els would cost n much a 1000. 900. 900
would have cost a fortnight; ago.
Wheat has risen ~ cents in the
r:nighi and cents during the
week. although western receipts have
been 5.s!.;. rs bushels. against =. ids .j1i
last year Atlantic exports are a little
stronger. as is natural. Cotton has
twice risen and again declined six
teenth. with increasing prospects Of a
very large yield. closing without
change for the week.
Gold exports have practically ceased.
for time. with the settlements for
most If the 100000 900 pounds Of sugar
imported within the past two months,
and treasury officials are more hopeful.
counting upon larger receipts on ac-
count OF whisky.
Low as the gold reserve Is. there APP
pears slight gain. and with cessation
of gold exports. the Improvement
should be considerable during the fall.
Whether under old or new duties. inn
ports and customs revenues will natur-
ally he large for some time after de-
cision on the tariff question.
There has appeared Of late some de-
mand for gold from many interior
banks. not in large amounts but in the
aggregate enough to indicate some ner-
vuusness of feeling. The volume Of
commercial loans j. increasing. though
moderately but in manufacturing
paper less increase appears than
might have been expected.
The business i'm boots and shoes Is
strong and healthy: though conspicu-
ou>ly confined To medium and low
priced articles. such a - cent shoe
for men and 80 tn 80 cents for women ;
wear: but shipments from Boston have
been. in two weeks. 1868 cases.
against La. so last year.
People cannot no naked. even IL con-
grcss j. slow. Demands for textile
goods clearly represent exhaustion of
stocks and continuing needs for con-
sumption in the main. though there
has sprung up quite speculative basil
ness on .hc possible failure of tariff
legislation.
Lower prices i'm some cotton goods
have encouraged larger operations. and
the proposed reduction Of wages at
Fall River l. now announced. a. yet
without clear indication whether il is
10 he followed by strike. Woolens
for winter 90 as before. and the open
ing ~ spring goods discloses a decline
Of about ia cents in the average from
last years prices. but the goods are
not urged by makers nor hrngrily
sought by buyers.
The sales Of wool would have been
larger. according 10 reports from the
different markets. II there had been
sufficient stocks available but they
amounted 10 ..G.3.i0o pounds at the
three eastern markets against 0. go. 200
pounds two years ago. Country hold
erS If wool do not at present appear to
be- anxious TO let somebody else specu-
late on its price and are said Ia he
keeping back supplies quite generally.
although receipts az Chicago were
l.oSo.O5l pounds for the week. against
! .is..u9c for the same week last year.
Failures for the five weeks ending
August /. showed liabilities Of Sii.ii4.-
-i3. Of which @j.G26.5oi were of manu-
featuring. and s.. 2.0a47 Of trading con
Germs.
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