The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-03-08
DUN's COMMERCIAL REVIEW

20. weekly review Oh trade, issued Ia
day, says:
No gold goes out, though sterlinp
exchange has risen close To the Az
porting point. and 10 does not appear
that the syndicate has yet made anv
effort To control the exchange mar.
ket. London has sold about 4o.ooo
shares Of stock during the week ana
the market is distinctly lower for rail.
road shares, though a shade stronger
for trusts The stock market waits
abjectly for London, and foreigners
show thus far more disposition 10
sell than TO buy. Withdrawals of cola
by redemption of legal tenders have
not ceased, but since the closing of the
| syndicate contract have averaged
about 100000 per day. There is no
essential change in the money market.
though rates are somewhat higher.
Agricultural products are shade
higher, but without any reason which
looks To future operations. More peo-
pie are idle in the great industries
than were idle last week, but not for
reasons which distinctly affect the
future.
Wheat is x cents higher. but clearly
not because western receipts are a
triiie less than year ago, nor because
exports from the Atlantic coast are
small. Spasms OF speculative activity
must be expected during every season.
and when prices are at the bottom
such spasms can only mean an advance.
Nothing is seen to justify any mate
rial rise rs supplies in sight do not
decrease more than they would
naturally on account of bad
weather. Corn is only shade
higher with western receipts
much smaller than last year Cotton
dropped a week ago to SO cents the
lowest point ever known since modern
classitications were adopted, and has
not yet risen, though the talk Of great
reductions in acreage this year is as
vigorous rs ever The whole market
turns on the fact that the stocks Of
American cotton here and abroad are
considerably larger than ever.
clearinghouse exchanges daily aver
age 60 larger than last year for Feb
ruary, but 33. ; less than in 1923
The industries make very slow gains
where they make any. Little is said
OF the stoppage of the Edgar Thorn
son steel works, though many thou
sand hands depend on its operation,
because the Carnegie company has pur-
chared 10000 tons bcssemer pig at
S9.oa to si0o5 at Pittsburgh. price
indicating that the biggest concern in
western Pennsylvania does not want
10 make iron for less. At other mar
kets pig iron is quiet. and elscwhe re
and at Pittsburgh structural orders
account for large share OF the new
business reported. though activity in
wire rods and barbed wire still con-
tinues.
Bar iron and steel are firmer at
Pittsburgh but without change in quo
tations, and on the whole the reduced
consumption in January does not seem
TO have more than matched the re-
duced production.
In the minor metals. there is more
business in lake copper at 9.65 cents.
with some offerings at 9.5 cents and
forced sales have depressed lead to 81
cents. Tin is also weaker at l3. | cents,
with heavy importations.
Nothing new can be said of boots
and shoes for the markets are still un-
settled by the controversy about
prices. Shipments from Bost on in
February have been BOG, 065 eases,
against aos,o73 year ago. II remains
the fact that new orders are scanty,
even where no advances in prices have
been asked, and the prostration of
business in the cotton growing region
is alleged as a reason for restricted or
dcrs.
The sales of wool at the three chief
markets during the past week have
been 20.303 $50 pounds. against ls.444.-
l3l last year. and %. $50, 900 for the
same weeks two years ago; and while
the mills making low-gradc goods are
fairly supplied with orders, it is a
most unwholesome feature that nu-
merous cancellations are reported. in
dicatng that the goods supplied at ex-
low prices do not meet the
expectations of buyers. On the other
hand, the demand for goods of the
better grade seems little better than
has been expected.
For the time the treasury reserve
has been rcplcnished, although foreign
exchange has risen to about the ex-
porting point, with heavy sales Of
stocks on foreign account.
The exports Of merchandise for the
month from New York have been SEA,
D33. 800, against SCI. 500 last year,
while imports for three weeks Of Feb
ruary have been S27, 1860 Isl. against
e ,0si, 07i last year.
The government revenue increases
only little. customs receipts amount
ing to SIS, 33i,692, and total receipts
were but Sa,3ll,s7s smaller than ex-
pcnditurcs.
The failures for three weeks of Feb
ruary have shown liabilities amount
ing To Ss,523, OBS, against Sli,42o,ils
Tor the same weeks last year; in manu-
'acturing S2,557, $50, against s5,oi5. SAT
asst year, and in trading 1920, $50,
against 80. 2ol 500 last year.
Failures for the week have been go
n the United States. against POS last
'car. and in Canada 3s, against ~ last
'car.