The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-08-14
DUN'S CONNIE RCiAL Rev,ew

sudden change In Monetary Gondi,,o,,.
PRODUCED Throughout the Countr, y.
the sensational Collapse OF ~pecnl,t.
AT chicago Imports Decrea-. ana -
p"rir increase, Easing the pressur. -,
our Obligations Abroad.
NLw loRk, Aug. ST. q. Dn, =
90, IN their weekly review of trad.
to-day. say:
The sensational collapse OF spcen.
ihtors at chicago who controlled Dln-
moni Match and New York Bis.r,,
stocks and had hoisted them To fnnc.,
figures. with the consequent clos,n,,
Of the Chicago stock EXCHANGE for !
period yet indie though followed
by remarkably few failures. BRINGS y
sudden change in monetary condition.
throughout the country. At least "a
month earlier than had been expert.a
Chicago has drawn heavily upon III,
bank balances here, and Withdrawal.
OF all other western funds may natut,-
ally result. Europe was also moved
to sell American stocks rather freely.
SO that the average Of 10 Of the most
active railway stocks fell about =. ls
per share, aud the average OF trust
stocks about Sl.ss.
IL is important that the increase OF
merchandise exports $500, 600 or L. Dor
cent. over last year for the week. ana
the decrease Of imports, S7OO. 900 or
per cent, still continues to limit the
sum payable abroad
The situation as to cotton is doubf-
less critical for many producers TX.
trcmcly hot and dry weather has done
serious harm, but it must indeed NJ,
an extraordinary condition that ne.
duccs the yield 20 per cent in August
Men Of much knowledge and tNnrri.
encc but Il few days ago judged a yiel.
OF 10000. 600 bales, and if they w.r.
l,OOO,0Oo bales too high, still those who
now predict only 7.OJO,Oj0 bale, ~.
likely to err in the opposite direction.
with large acreage il is always safe 10
remember that only a part of the
crop IS ever affected by misfor-
tunes between August and frost The
price rose almost beyond precedent, 3-s
on Wednesday alone.
Labor is more disturbed than usual
The great strike of garment workers
here has much extended; the strike at
Cleveland has broken out again and
involves several other branches Of
lab Dor; the iron furnace men of the
shcnango valley resist "A reduction To
the wages of May, 1875, though Mahon-
ing Valley workers do not; the iron
works throughout the country are
striving to cut down cost in order to
keep in operation; the iron mines Of
the Gogcbic range are stopping; the
suspension of cotton mill has become
more general and over four million
spindles are said to be idle at Fall
River alone and probab bly, three-eights
or more Of the entire producing capac-
lily in the country; the rubber works
are mostly stopped and notwithstand-
ing the lightweight opening. "A num-
Der of wooden mills. Eviden tly tho
working force and also wages have
been reduced.
The iron markets grow less demon.
allied in tone. because all the associa-
tons decided to maintain prices for
this month, but the markets are not
stronger in volume of orders or pur-
chascs. Pressure to sell even at con-
cessions is the prevailing rule, and
prices are almost nominal
Failures for the week have been 2iO
in the United States, against 225 last
year, and 81 in Canada, against As last
year