The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-09-11


Increase Confidence aud Put an End Ia
Monetary Anxiety. Mark mn Upward
urn la Prices and "a Coming Revival
Ia business STOCKS aud Iron Advance,
with Wool and Cotton stronger.
NEW YoRK. sept. 5.-R. G.. Dun X
20. say in their weekly review OF
trade to-day;
Failures nave been for The week 33i IN the
Cniicd States. against 1856 last year, and ~ IA
Canada against ~ last year
There Is a distinct Increase 20 confidence,
due largely 10 the long ana heavy imports OF
gold which have put an end TO monetary
anxiety, ana also % political events which are
closely watched. while does not yet start
more mills and fnctorie, Than are closing Tor
want ~ work. N crops out in cavy spfcuia-
tive purchase. m Pig iron, wool and some
ether materials. hs experienced men VINO PEE
lleVe that revival Of business Is not iar on
ana Tor the first time in nearly TWO months q
SLIGHT upward turn appears ia prices OF manu-
inctured products
The same spirit appears In speculation.
Stocks ro,e an average 81 tsS for railways
and s3Ql for trusts. with considerable cover
ia, Of shorts.
Wheat had suddenly risen week ago bn'
reacted with better crop news until THURSDAY
when another advance came % one cent max
ing the net decline for the week Us cents.
Western rece pts continued large, o.2laO'p
bushels for the week against $500 loi last ear
making the Increase since July about IL
10000 or 80 per cent. Atlantic exports are
also large, nour included, 20 s.gts bushels
against 1877 3.1 last year and since july l. ~
073 SOL bushels, against liSi5fi5 last year
gain Of 90 per cent. Gloomy stories hho h'tie
support in such returns.
Corn has reached at Chicago the lowest
point ever touched-20 cents IN lsbi-ahn mas
again broken All records here declining TO 2sS
cents, at which il closed.
Cotton fell TO 7s7 cents, but with revival o.
/ confidence rose TO $50 cents, although uhe
! prospect is clearly more favorable than some
weeks aqo Estimates are still very wlue
apart The New Orleans exchange puts lho
last crop at 7l57 as bales. whereas oinclal an
unoifica predictions "A year ago we're '""V0 y
| 900 smaller.
After many weeks Of decline. so that my
average OF prices for iron and It's products wa
the lowest since early last year. prices nave
started up a shade. Heavy speculative PM
chases OF Bessemer at the west, ana OF south
ern iron here the latter mainly pN New i"'N
ers at 49, 40 for No. . and $3.50 for grey lols'
have SO strengthened the market mat beaSe
mer at Pittsburgh commands sll2p' ana gros
forge $3.50. The various associations nave 40
reduced prices. believing that II would no
stimulate demand at present which 10 eA
tremely narrow and as yet shows no improve
ment
The starting OF some wooden mills whlc
have been idle ana accommodating orders iVr
short run Is still balanced 10y the stopping
Others ana the volume 81 orders does NOT IL
crease No gain as Vet appears Ia demand
prices But marked speculative ouyiaz
wool shows belief that prices Will lmproN
aud sales for the week were i3'su7u pouhu
. of which only 555.700 we're foreign. much ov'
half the domestic sales being oi Texas aha =
western states ~ prices ranging from 10
ia. mr.. tfpAt ~tr0nut
! more grades having advanced. and thoui
: sales are moderate, there are IA lre buyers A.
dicating exhaustion OF dealers stocks
The volume Of trade indicated Dy clcarinl
was for the week 1917 per cent. less I'M
last year Exports ~ merchandise
the week were 40 per cent anu LOT ihe pa
. month id3 per cen~ larger than last ye'
while imports were for the week ~ per cel
a smaller. and for the month ~ per cent small
. than last year.