The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-10-19
louN's COMMERCIAL REVIEW.

In Government Crop Reports very So"-
flushing.
New YoRK, Oct. i3.-R G. Dun
Co.'S weekly review Of trade issued to-
4Ry says:
business is still waiting for the de-
We opment Of retail trade. There Is
little better demand in some INDUS
tries, but not So great in others.
Wholesale dealers In nearly all
branches are halting because retail
business does not yet show distinctly
what il is to he. Lower prices Tor the
great farm staples and lower wages IN
some establishments hinder pur-
chases for consumption. while po-
litical interest and uncertainty also
have some rctarding influence. Mean
while large imports and small exports
OF merchandise. with inadequate EN-
ploymcnt Of money here. are raising
the rates Of foreign exchange SO that
possibilities Of gold exports somewhat
affect the stock market. The hating
attitude for the moment Is disturbing
TO those who have looked for contin-
ued gain. though. rightly considered,
il is the natural consequence OF con-
ditions which were To be expected at
this season.
The government crop reports are not
greatly trusted. and yet have an infiu-
encc to actually cxaggerate the ten
dency toward lower prices. because they
are supposed TO put all the crops too
low. Men calmly reckon that il the
government report indicates over 400
OO0, 900 bushels of wheat. the crop must
be over 500 900 900 bushels, and though
western receipts for the week have
been only i.4G9. O-5 bushels. against
G.335.30s last year. and Atlantic ex-
ports only G4..ali bushels. against goo.-
56i last wear the price is slightly
lower. Corn has been strong, for
receipts are hardly n quarter and
exports barely an eighth Of last years.
and men question whether the actual
weld. If above the government esti-
mate. may not prove lower than has
been supposed. The cotton returns
are more confusing, but all point To
WELD SO far above that indicated by
the government that its statement has
been followed by a further decline for
the week % onc-quarter. The receipts
thus far hardly encourage extremely
large estimates. and yet il is "a be con-
sidered that the crop was later than
usual.
Reports from the different cities
show. as they did a week ago. that.
while extreme low prices for cotton and
wheat are checking retail purchases in
the west and south there is. neverthc-
less. general gain.
Monetary movements indicate that
the expected expansion Of interior
trade has not been realized. and the
demand for currency from this city
has materially slackencd. The de-
mand for commercial loans is weaker.
and per cent is quoted for prime four
months paper.
Exchanges at the principal clearing
houses for the second week Of October
are relatively smaller than for the first
week. exceeding those Of last year only
3. per cent. while 2i5 per cent. less
than in 1892. The general average Of
prices j. about per cent. lower than a
tiI tE'. AABbE "a 'tfiA .''AaA'r''' - y ''~'
than in July last.
The iron industry records larger pro-
duction in September than in any other
month this year. but a. prices are
gradually weakening because of insult
ficicnt demand for finished products,
some works are preparing to close or
shorten time. a few good structural
contracts are reported. and two.
amounting to $4,000 tons. for steel rails;
but. while combinations hold up prices
Of rails and wire nails, the demand for
bar iron Is unsatisfactory. and Iiesse-
mcr pig and steel billets are weak.
The season for boots and shoes has
been unusually good in number Of
eases shipped, but in value the de-
crease must be large. because Of the
general preference of low-prccd goods.
1t i stated that 80 per cent. Of spring
orders are for shoes selling ut 81 or
lower, and heavy shoes have largely
taken the place Of boots. Most shops
have orders for some time 10 come. and
demands for immediate delivery are
still numerous.
The demand for cotton goods has ma
| tefldllN Sldcktnel. anu prices nave bc-
come irregular. although resumption
Of work at Fall River and New Bed.
ford with only per cent lower wages.
indicates confidence in the future.
The wooden mills still have numerous
belated orders for fall goods. but the
demand for spring goods does not in
crease. although in nearly all tho
lower priced products domestic makers
: appear able to command most Of the
business that exists. Sales OF wool
} have been 4.s71,949 pounds. against
300. i5e last year, and 7.09o,6oo in 1892
and prices are shade weaker for fine
fleece. Ohio selling at III cents az
Philadelphia, but combing and terri.
tory wool are steady.
Failure for the week ending October
show liabilities Of Si.7i4.276. of which
ssOj.ss5 are of manufacturing. and
$50. 1871 Of trading concerns. The final
report for September shows liabilities
Of only $780,. l24. of which s3,254, 3.s
are Of manufacturing. an d S3.TlO,092 Of
trading concerns.
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