The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-11-20
Dur's COMMERCIAL REVIEW
No Room for Doubt that u brighter l,..
D"wn'ng -"'"atest Chang. for M.
better Ever known Ia u singI. M.eL

No Room for Doubt that n Dr,uh,.
- Dawning -rr.ate.t Chang. for ~,
better Ever Known Ia "a single Week
NEW York, Nov. li.-R q. Dim 4.
Co., say to-day in their weekly reyiev,
of trade:
No one now doubts that IA bright..
day Is dawning, and IL is common re-.
mark that never before has bushes.
shown 30 great change for the better
within IA single week
Dispatches teliing of about 500 work.
which have opened or materially ~.
larged their forces give only "A partial
report, for throughout the country III.
gam has been surprising even to the
most hopeful Foreign need of Amer.
lean wheat continues an important fac.
tor, and the price went 10 50 cents
gaining six cents for one week. ten
cents for two weeks. aud "a cents since
early in September. The price is the
highest since June, 1872. Western re.
ceipts were only 4,49t.Oa3 bushels
against s,.O2, STA last year, but the
election cut off much work during The
days in which these receipts were
started to market
Many textile W orks have been started
or Increased in force, many on orders
booked weeks ago. But there has not
been much increase in the demand
After purchases of 46.OO0,0OO pounds
OF wool in five weeks, the transactions
fell to o,si3, 700 pounds last week but
prices were strong and in some grades
one cent higher, and even greater at.
"A. a A a l.
foreign markets are higher aud
Australian fully one cent per pound
up. The market for cotton goods is
not yet active, but more liberal esti.
mates of the cotton crop are generally
credited causing an one-eighth cent
decline to this. The output of iron
furnaces in blast November was ia.
o. tons weekly, having increased
IL, 2y5 tons, or ten per cent. in the lat
ter part OF October by confidence ia
the future.
All the markets were stronger al.
though the enormous purchases OF
pig iron in advance of needs causes
comparative inactivity at present.
The billet pool is in protracted meet.
ing here this week to decide upon It's
course and is still undersold. The
beam, bar, rail and wire nail associa-
uOns meet this week, and the under
selling of wire nails by outsiders has
gone SO far that "A decline of A. cents
IS openly quoted. 1t is noteworthy
that the prevailing expectation, not.
withstanding the general improve
ment in business. is that some If E.f
all these combinations will decide i
reduce prices. Ine coke com binatiun
IL now appears. has not prevented
large contracts for future delivery at
less than two dollars, its fixed price,
and even less than 81. 20, but the out
put last week decreased n heavy
sale of copper TO foreigners, said TO
cover l0,OOO,OO0 pounds. mas raised the
price TO Is, and tin actually sells at
Is. though less Is quoted
The change in the money market i
striking. Instead of Sa,5Oo,ooO going
out to the Interior as before, 81, 500. 0oC
have come in this week; instead of sc
cents discount, New York exchange
at Chicago is at 10 cents premium:
instead of merchants and manufac-
turers vainly hunting lenders. banks
are hunting for more commercial
paper. Commercial rates are down
To tive per cent on best paper. Foreign
exchange is high owing to sales OF
"a, OO0,o 900 of government bonds taken
by the bank of England, as IA member
of the syndicate, early in 1895; to pay
ments of $4,000 900 loans. and To for
eign realizing on s2,O00,oOO of securl
ties; but ali these are, in effect, tax
ing profits for confidence in American
honor.
Failures for the week have been 2a6
in the United States. against 2s3 last
year, aud 40 in Canada, against 40 last
year.