The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-06-07
ouN's COMMERCIAL REVIEW

Generally Increasing Injury to s.,,".
and Wheat.
NEW YORK june TT q. Dn, 4
Go. : week y review OF trade issued ",
day, says:
More far-reaching than any o,b.-
change during the past week. II really
warranted by facts, is the continued
rise in prices Of wheat and cotton.
Real scarcity of either would aiFee,
all business. Happily there X s,iI
room TO hope that accounts Of injury
are greatly exaggerated, althnn,h
there has been some evidence durin,
the week that both the great cron>
have suffered more than at fr,, an.
pcarcd. Other changes are almost All
favorable. and some highly encpnra.,.
ing. Labor troubles are clearly l..s.
threatening. Monetary conditions
are satisfactory. and the sub,tan.
tial increase in the commercial
demand is good sign. Exchanges
through the clearinghouse have been
greatly in fiated 10y speculation, ana Al
this time last year were cut down ~
the coal strike, and toward the end az
May. 1898. greatly reduced hy bank
failures. But for the week they ok.
ceed last years by 10 per cent. AMI fall
only 80 per cent. below those Of l,48
while the daily average for May {, .G9
per cent. larger than last year. bu, :. 10
per cent. less than in 1893.
Stock speculation has shrunlx "a ies,
than half its vol ume three weeks ago.
and is almost wholly confined to pro-
fessionals. in spite of better earnings
The aggregate for May is 3.> per cent.
larger than last year. but H. per cent.
less than in 1898, causes above mem
toned affecting the comparison with
both years.
London has done scarcely anything,
though still taking bonds enough 70
prevent disturba nee of exchange The
decline in railroad stocks averages but
A cents per share. and grain-carrvine
roads are supported with such tenac.
ity as To show that railroad managers
and owners have very small faith in
reports Of injury TO grain.
Wheat on the other hand is largely
supported by public buying. and the
| purchasing orders from farming re.
| gions are supposed to indicate an opin-
ion of the Weld. Yet wheat comes
forward freely. as it would not al cur
rent prices il short crop were as.
surcd, and western receipts for the
month have been 5.oii,5.4 bushels,
against 5. 5es,2s> last year.
Nor do Atlantic exports reflect in-
creased haste to buy abroad. amount
ing in -four weeks. flour included. L
Gi>3. 420 bushels. against ..9l6.5go last
year Accounts still indicate that
spring wheat was not injured and
promises well in spite of some reports.
but in Il few winter " heat states the
| yield has been cut down. how much
cannot yet be judged The sales q
the great stock held by the Fair estate
at san Francisco will lessen the Eg-
ropean de mand upon Atlantic stocks.
Corn is 81. cents lower. lard Is 10
cents per 100 pounds higher, pork j. 3
cents lower and hogs 20 cents per iOl
| pounds lower.
Cotton continues strong because il
is believed there will be much reduc
ton in the yield per acre. as well az
| in acreage No estimate based on def
mite information puts the decrease in
acreage at more than i3.5 per cent.
which. with yield per acreage equal
to last years, would mean "A crop OF
s. 400, 900 bales. Months must pass be-
fore there can he anything definite
known as TO the probable yield per
acre unless widesp read disaster comes.
but the market has been acting as
though the future were known.
| Speculation has diminished in vol.
ume and the fact that takings OF
spinners have exceeded the maximum
| consumption over 400. 900 bales in
northern states and twice as much
abroad, makes the commercial stocks
in sight, s,3s4. $50 bales last week
look still larger. The advance this
week has been only sixteenth and II
is supposed that the stronger specula'
tors have realized. The manufacture
is doing well. though not all the ma.
| chinery is employed. but the demand
has been better and there are occa-
sional advances in prices Of goods.
Sales Of wool for the month have
been 10, -76. $50 domestic and 1905. coo
foreign. against o. sol. ZOO domestic and
g.26-. 400 foreign in 1892. but stocks are
rapidly accommodating. and at Chicago
are said to he the largest ever carr led.
In prices there is no change.
The iron manufacture is gaining rap
idly. and the average Of prices else
where given, which had fallen since
February ] 10 "a. ~ per cent Of the
| prices in October. 1890. has now risen
to 30. IA per cent. most of the advance
having been in Nav. Bessemcr pig
has been lifted To ii.65 and gray forge
to 1910 az Pittsburgh by the growing
demand: tank steel plates are - per
ton higher AT Philadelphia. and nail
producers have combined. raising wire
nails to 81 10 and cut nails to 81 by car.
LOADS at Pittsburgh
Failures for three weeks Of May
have shown liabilities amounting e
S7.i55.2ii. Of which s,.6i2,G0o were Of
manufacturing and -. $780, 3- Of trad
ing concerns. For the same weeks
last year the liabilities amounted to
s7..s2, G33. Of which 81. 3s0,si2 were Of
manufacturing and 50, a75,e15 OF trad
ing concerns.
The failures during the past week
have been 2lj in the United States,
against Is; last year; and - in Can
ada. against q last year.