The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-05-18


tu IN. ela-,ng Dawn OF industrial |
works Foreign shipments Of Gold aud
ths Depletion og the Treasury hs-"rs"
Nh. Mast Di~qaisting signs 81 the
Times.
Nrw NoGh, May ia.-E. q. Dun &
Co. : weekly review of trade, issued To-
day. SAYS:
The strikes begin TO have serionS ihonsh
Il j. assumed only a temporary eject The
nnmivr 81 WORKS depending upon supplies ~
litumnolS coal or coke tor flri 4 larse. AMI
quite q considerable proportion ~ them nave
already been competed ~ stop operations
No doubt thr proportion II lar+er IA IRON
and steel manufacture than any oihnr hisi'
ness but nearly third in eapa,ity % the iron
furnaces al work 4 month ago appear 10 nave
closed some railroads at the ives. arr en-
barrAsscl aIt-xtlle WORKS % some import
ance must close soon unless the strike ceases
The movement 90 >o-callcl armies OF the un'
employed on Washington has caused little cx-
element ana * less important or Significant
than the outward movement OF specie when
shows shrinking foreign demand for products
anu further withdrawal OF foreign capital
But neither strikes nor foreign dlstrust long
retard tine pros Fe~s Of this country.
The capacity 81 iron furna IS n blast May
was iiOsfo tons a decrease ~ id5ie tons dur
April. bu; the Iron Are has Geographic re-
ports of stoppagc Nv other furnaces having
capacity ~ :, us. tons including some ex-
peeicl 10 stop this week which would mean a
decrease ~ about thirI In product since
April l. The fact that prices ~ same grades 81
pig iron. especially ~ foundry. show weak
ness Notwithstanding there has tcen no in
+. rca<r IN stocks nn~oii. seem . intiratr that
aroAi a. large proportion ~ the WORKS using
pi., irou a. miieriIl has also tcf. compelled
~ stop AMI IL ~ state that IN tae Pitt~aurTh
region many rr lose - the ED 9. ~ ~ sup
I plies OF fuel
Prices 81 ntishrl products are failv main
iainel ana many kiri. nave uaVaaced a little
/ hut Il * nui Y tl1t tl.e drt'nnN j. not A.
! lar-e a. was cXrc 't.t, AID while an carry trr
m.naiiou 81 the strikes 3, hop,l fnr the an
I pcintmcnt IL committees TO negotiate regard
in- WAGES Tor iEc coming scar brings atien
Z tian 10 the fact mat existing conditions donoi
\ faycrEay alyAnec !. prsccs. or m cost ~ pro
fuciion. In MINOR metals. no industrial ehangs
I 81 Importance appears
The f.xfsle mAruf lriureS are not Improving
\ I'll position or rre.nc.t~ FOR while orders 90
NJ, Increase. Uncertainties Ia re-arl 70 labor
4 grow more serlols. The working force shows
Z sngrh uawilngne~> ~ acctrt far another sea
son the wages which werr temporarily adopted
Z ia order 10 have wots> rccpeEed after last
sar.wcr suspension. IN, apathy of huyers
T in cotton h reflected tn further decline ~
4 prsrt .ioths. although some alaliii OF goods
/ Aasa a1x4n.ct slightly
sales o. wool again drop cOnS'd IRA us below
those q. the sam week last year Though or
der, for wpolea~ are far i.riow tn pr haale re-
quircmeut> for the next season. few manuftc-
turcr. sre hold enough 10 make uD goods ~ al
vaagc 81 the demand while c.ofher- ar" very
cautious. The crcss gcoa, department has
much The hest ~ fhr business. though is pro-
aneilon j. considerably smaller than usual
lhc speculation IN grain has again hrokrn
records with the lowest price ever made for
uhra: although western receipts are little
..tt-
smaller y more than . quarter. The prevail
iuE ic.lct j. fnaf the Yield w.ll n in other
wears tar exceed government Indications
which are again pointing 10 a short crop
Corn has changed N price but little and port
products nave been fairly steady. with oil and
coffee unc hanged. hut cotton IS weaker In tone
altnou-h receipts from plantations are a little
smaller than year a-o II j. a striking evi
drrce % the general want OF confidence thai
there ~ 20 little speculation while money T.
abundant almost beyond precedent
Soihing has occurred :, strengthen railroad
stocks Tor The earnings ~ railroads continue
n iort as much i,eaind las. years they were
ia April or March Rates are cut in a most
destructive fashion Ia spite OF all the tail
about irontlai AR iement~. and the prospect
Of force iosurc for some great railroads in de
fault tends 70 di~hcarter holders The aver
age price ~ sixty active railroad stocks j.
nevertheless only - cents lower for the week
so far diminished tina; the trust stocks aver
a.se - cents lower
Large exports o, gold. which are SO far eS
r,ected 10 reach ssrDvD this week. hav
checked hopefulne>s In the stock market. ans
the deci inc OF the treasury gold reserve tc!o'
ssitv1cOl suggests the possibility that contin
ued exports ~ the precious metal mag chus
not = little trouble before the season T. over
But al present the banks are only rratified. a
/ the accumulation ~ money from the snterio
has not ceased. while the demand for CONNER
cial loans does not yet enlarge.
One large failure about doubled the aggrc
gate ~ liabilities Tor firms failing Ina the weel
ending May 3 which would otherwise hav
been quite small. hut were r g.s.gt Tn
numner and the general average % liabiltie
are still cncograeinrly shrinking. For fou
weeks ~ April the liabilities reported wer
= 20 -. ~ which ~ 6-..s-,D were of manufas
turia- anI 40. SO ~ trailing concerns
The failures this ~ce~ have been e'5 In IN
: United states against 81 last year and 1
: ia Canada against g last year. with non" 9
especial Importance. although four bank fai
ires are included