The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-10-09

Complete Report Ut Failures for IN. A..
ter Exhibiting . Surprising Incss.1'
fsrsiy for by Political Ca"
-cent'n ned Advance IN wh~at-R.yx,"ss
s""n"ence seit In tho stock MarL.,
iietter Times Near.
NEW YORK. Oct. :.-R. q. Dun & e.
say to-day in their weekly review !,
trade:
The complete report Of failures q.
the quarter which ended Wednesd..
shows an increase when would be ~.
prising il political causes were ~,
obvious. In number o. per cent. NJ.
than in the panic quarter OF 1898. fat
ures for the quarter show liabilitie.
ILL per cent. less. amounting to s7a n
2s5, $40, against S97, $780, s2 in the pra.|
vious half year.
The continued advance in whea,
may prove of the utmost importance
IL has been LIE cents for the week and
ten cents since September ., and +.
mainly due to short crops abroad and
unusual foreign demand. Cotton ha,
weakened after its sudden rise, be.
cause the demand for goods has 70.
lapsed into hand-to-mouth buyip,
and print cloths are lower at %
cents. Some injury has been done bv
recent storms, but the market seem.
not now in the humor to magpifr
them.
Reviving confidence is felt in IN.
stock market, which has slowly rise,
an average of ~. cents per share
for railways, though trusts are weaker
While e~ast-bound tonnage is large
from Chicago, in September, e4g. ZOE
against PAL, l54 last year, the westward
movement Of merchandise is small
and rates are cut, SO that earnings 70.
ported for September fall 80 per cent.
below last years. and SO per cent. he.
low those of 1892.
There are unmistakable encourage.
ing signs in the great industrie,
although the actual gain in working
force employed or in new orders re.
ceived is slight. But the strong de.
mand for materials. for pig iron, hides
and wool, does not diminish. and has
already gone far To stiffen prices.
In wool quotations are scarcely
stronger, but represent actual sales
more nearly than in past weeks, when
buyers with cash almost made their
own prices.
Buying OF Bessemer pig again lifts
Pittsburgh quotations to S1l.75 with.
out any general gain in the demand
for finished products, aud steel bars
for the first time are sold at one cent,
against LIZ asked by the assoca.
ton for iron bars. Plates ana rails
are in less demand, but there is heavy
buying Of sheets at the West. Conf
dence that reviving business must
bring a greater demand than all the
works can meet induces the various
associations to make no change in
their prices. The minor metals are
not strong. lake copper at 1On. tin at
SI2. 80, and lead about 20.
The movement westward of money
continues aud for the quarter has ex-
ceeded interior receipts by s3l, ooo,0 600.
The gold ordered for importation
amounts to S43. ESQ. OOo. and arrivals
thus far 10 $40, 5i4, $50, besides 81. 0OO,-
600 expected from Australia, which
will raise the treasury reserve to about
$3.50. 600. 600. Relief has been welcome
in commercial markets, where seven
per cent. is done more freely on west
paper than eight per cent. recently,
but October settlements cause momen-
tary hardening.
Merchants and manufacturers are
waiting, but there are not wanting
signs that many have the confidence
to invest and push forward as though
the dawn of prosperity were close at
hand.