The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-02-08
puN's COMMERCIAL REVIEW

of Prices for Commodities Ever Known.
New YORK. Feb. 2.-R. g. Dun Il
Co i weekly review Of trade. issued to-
day. says;
Things look better near the close
this week. owing 10 the belief that a
new loan will bc issued. There was
need for relief. since January closed
with the heaviest Withdrawals Of gold
from the trcasury-Si3 iGs, los the
hope Of new loan being the one
thing which has lifted prices during
the past few days.
January leaves behind it the lowest
average of prices for all commodities
ever known; for cotton. iron and its
products. wool and silver the lowest
monthly average ever known, and for
wheat "A range above the minimum.
but yet declining rapidly toward that
point.
Industrial operations have not ma
terially diminished. though il has
been disappointing month because
the general revival expected has not
come.
The large receipts on wooden goods
withdrawn from warehouse under new
duties early in the month. about s.,
000. 900, raised the total customs receipt
10 SIT. 1861. 9l+ for the month. and The
total receipts of all kinds To 81. s0s.
800. leaving still a deficit of S'.6si.92l.
Withdrawals Of gold in the past two
weeks nave been ~aS 900. 900. and the G x
ports %25.3l4 i3i for the month: and the
month closes with The gold reserve re-
duced TO about $4,000. 600 which is
smaller than at any time since re-
sumption began.
The hope that gold bonds could he
authorized was ended by action in the
senate. but ut the close there was
much confidence that coin bonds would
be largely taken abroad thus Offering
better promise for new issue.
Prices of railroad stocks after fall
ing 81 per share for the week. recover.
ing - cents and prices of trust stocks
declined 81 cents. Earnings gave some
encouragement, being q per cent.
larger for January than for last year.
but east-bound tonnage from Chicago
for four weeks was only la, 0is against
ao2. 9as tons las. year.
No real hangc of consequence ap.
pears in domestic transactions. al.
though owing 10 heavy payments
through New York banks in adjusting
IA brooklyn warehouse combination.
exchanges for the week were 269 per
cent larger than last year. but 32 per
cent smaller than in sy3. Prices OF
commodities reached their lowest av-
crage thus far January % though onl Y
a shade lower than December 90 The
continuing drift of money 10 New York
shows s"anty commercial demand in
pears here IN commercial loans In
short business is still waiting. and
finds reason for hesitation in the con
dition Of the treasury.
Speculation has not favored pro.
dnccrs. Wheat is half a cent lower,
but western receipts were only 1925.
0la bushels, against .51o.el7 last year,
and. with exports larger than last
year. might have helped prices, had
not the visible stocks been SO large.
Corn is . cents lower. with receipts
about half nEl exports not an eighth
of last year.
Cotton declined sixteenth and is
close to the lowest point ever touched,
with an average Of only 5.-Ois cents
for January. against 5.74 in December.
and s.07 in January Of last year.
Silver has been weak. and for the
month made slightly the lowest aver
age ever known. the output being
reclloncd 10y Wells. Fargo q Co. al
SIS. I'll Oh, or 45.5ss,9ll ounces. Tn.
decrease was IL per cent. while the
increase in gold was IS per cent.
Iron and steel look less encouraging
at the east. and the demand is disap.
pointing. although prices are not
weaker AT Pittsburgh and the west
IA large demand appears. particularly
for wire and wire nails.
Shipments OF boots and shoes for the
cases against 3Oi, 1877 two years ago.
but the situation is Still discouraging.
Textile manufacturers cannot score
improvement for the week. for. though
print cloths have advanced a shade: the
demand for other cotton goods is
only moderate, and prices are unusu-
ally irregular. The opening of
mems woolens has continued with eve n
more general declaration Of belief by
domestic manufacturers that they can
sustain themselves in medium grades
and in worstcds. but in the finer
grades. hesitation appears and in the
lower grades the extremely low prices
made by foreign dealers seem to
threaten the manufactures. Wool is
SO low that large sales for possible
future use continue and the total at
three chief markets for four weeks has
been e3,lj7,065 pounds against a5.727.
$50 two years ago.
Failures during the month of Janu-
AIRY have been much less important
than were appehcnded. and aggrc-
gate liabilities for twenty-four days
have been slo,Gs5, 0d0, against Se5.sll.-
80 last year. only S..i19, 1913 being OF
manufacturing concerns, against So
ia, sG2 last year, and s.. iGj. 2G7 being
trading concerns, against sli. .,s. 263
last year. The very heavy decrease.
particularly in manufacturing failures.
will attract attention.
Is.sI e.. /. 4. \.