The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-08-21
DuN's COMMERCIAL Rsv,rv.


ports-:he Latter Discounted nv ~. Ne
Dsarust OF Their Accuracy R.,lr'''.
STOCKS hench tho Lowest Prices A, -"
ty-ssven Years. wen
NEW YORK, Aug. Is. -R. q. Dim =
Co. say to-day In their weekly r.y,.
Of trade:
Failures Tor the week have been 10,
IL the United States, against loG M.
year; and 80 in Canada, against N la9,
year An extraordinary smell n
deadly hot weather has affected trad,
throughout the country, and in IN,
east speculative feeling was somewho,
affected until Thursday by apprchen
sion of the possible i'm fluence of ~,
Bryan meeting. With cooler weather
there came also on Thursday pereen.
ton that the meeting would not af.
feet business unfavorably. But other
conditions were not stimulating.
According To government reports
the crops have sustained serious min
ries. Labor difficulties extend. ana
closing of esta blishments for want q,
work, and the refusal of commercial
loans by banks, checked operations in
many branches of industry and trade
The week, therefore, closes as The
last week did, with domestic business
unusually dull for the season.
There is evidence of greater conf.
dence in the stock market which be.
gan TO appear on Monday. The aver
age Of sixty most active railroad stock.
had fallen To $40 - per share. decline
Of over seven per cent. for the week
SO that prices were actually the low
est in II ~ years. since the first month
after specie resumption. Trust stocks
had also declined S21S for the we,l,
There was some selling for foreign
holders, but far more important
factor was the general feeling Of eapi-
talists and investors here that il might
not yet be the best time TO buy Men
Of more confidence put up prices a lit.
tie on Tuesday and still more on
Thursday, SO that the week closed
with an advance averaging % cents
per share for railroads and Sl.3g. FOR
trusts
Railroad earnings for the first week
in August were }. per cent. smaller
than last year, and Chicago east-bound
s'uhdbt was oNSi P'i 'cHt. icSs IMAM
last year.
The government crop report for Au-
gust was SO gloomy that IA great rise
in prices would have followed Il 1t
had been entirely credited. In fact,
wheat rose about half cent, but
again declined, closing only a fraction
higher for the week. Corn declined
throughout the week. closing over a
cent lower. Cotton advanced six
teenth because of con tinued reports
of injury.
Iron production was reduced 90 ga
tons weekly in July, and has been fur
thur reduced since August i. while
unsold stocks increased 20, 1872 tons u
July. The stoppagc of a lacge share
OF the Connellsville coke works, and
Of many lake iron mines, is fair indi-
cation that the two combinations do
not believe anything could be gained
bv reducing the prices of materials,
and the main difficulty is tn,
obviously extreme narrowness of
demand for finished products,
which is SO small that most transac-
tioas are at some concessions even
from the current low prices. With
Alabama No. offered at $3.50 at
Birmingham, equivalent to Sl02J here,
against Sl1.50 for northern No. 2, the
market is not large enough to support
prices of either. Copper receded to
its quotation before last week; tin has
been sold below current quotations at
l. 80 cents, and with sales of 500 tons
lead weakened to .. -.
The boot and shoe industry is APP
preaching the end of orders at hand,
and gradual advances in the prices
asked tend to the restriction of new
orders. Leather is scarcely changed
in price. many of the tanneries hav-
ing ceased operations, but hides are
six per cent. lower for the week
and have declined l7.4a per cent.
within the last five weeks. The
wooden manufacture makes little
change, with not more than u third OF
the machinery now running, and the
demand for goods does not improve,
although prices of some important
grades have been further reduced
Nor has Improvement appeared in
cotton goods, although the curtail-
ment of production for some weeks
has been great.
II is Il step toward recovery, not
quite pleasant but sure, that merchan-
disc imports since July are Is per
cent. less, while exports are 10 per
cent. more than last year. 1t means
depression of trade, but also decrease
OF foreign indebtedness.