The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-08-28
DuN'S COMM ERClAL REVIEW

Poiitieai Events without Deauit. Ian.
e"ce ON husiness-Grain Adyau,.l 49,
Speculation Owing to Re ports OF inin.
Ia Growing Crops-The foot ana ~
mno Iron Industries Con inue ID. pr...n's
Wool Dull
NEW ioRK, Aug. 22.-R. &. Dim a.
20 say to-day in their weekly review
of trade:
Failures for the week have been esa
IN tie United States, against aaa la.,
year, and ~ in Canada, against 40 last
year.
Political events of the week had ~.
definite influence upon business nrns-
poets, for the phenomenal variations
in sterling exchange and the BEGIN
ming OF imports OF gold, although fol-
lowing the great meeting in Aladi,on
Square Garden on Tuesday, may b,,
fairly attributed to the accumuIatinor
excess of merchandise exports over
imports, To which attention has been
repeatedly called; exports from New
York for the past Two weeks having
been 20 per cent. larger, aud Imports
here II per cent. smaller than last
year. The RAPID movement OF grain
and the unusually early marketing Of
cotton tends strongly to aid the bank
ing syndicate which has undertaking
to regulate foreign exchanges.
Withdrawals of money to the in.
terror are rather large, and CONNER.
cal loans are hard to place, and this
difficulty checks many new enter.
prises and business in many depart
ments. Bank clcarings are small for
the week, 10 per cent. less than last
year Railroad earnings are not as
good as might be expected for I he first
half of August, exceeding those of last
year by only 81 per cent.
Speculation has advanced wheat
over one cent during the week: corn n
small fraction aud cotton five-eighths.
the principal motive power being re-
ports of injury to growing crops.
Inc boot and shoc industry is rap
idly nearing the end Of past orders ex-
cepting in womcns gram and buff
shoes, of which there are still orders
for some weeks TO come, while Others
are constantly received; but in other
branches the new business is light
Prices are "A shade lower. Leather is
weaker with a small demand, although
restricted supplies have caused "A shade
of advance. in some kinds. III dies at
Chicago averaged more than three per
cent. lower for the week again. the
fall IN the past five weeks having
avera ed about - per cent
Th. iron and steel manufacture has
only continued depression to report
and Iiessemer pig has sold at SiO.i 40 at
Pittsburgh, while Southern No. is
offered at prices equivalent to sl0 at
New York and nearly all finished
products are being sold below the cur
rent quotations. There is rapid eur
tailments of productian, but in spite
of this the supply of finished products
appears To greatly exceed the demand
for them. The one bright spot is a
sale of 5000 tons steel rails to Japan.
for retitting railways in that country
which makes an aggregate of $1,000
tons exported during the year.
Nothing encouraging can vet be
said regarding the wooden manufac-
turc. and the demand for goods. even
at recent reductions in prices. is still
disappointingly small. A heavy auc-
ton sale of cotton goods brought.
prices which were considered quite
encouraging, and the current demand
is fairly maintained, although the
mills are not inclined to make large
contracts for the future in view Of the.
rise IN the raw material In general
the working force in the textile
branches does appear To have in
creased.