The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-06-11


shows - Much More satisfactor, 80.
at business soundne-s Than IL Gem,
Thought Ia Exist In the Country,
NEW YORK, June 5.--R. (, n,a
Co.'S weekly review of trade. issued -
lay. says:
The statement of failures In Nav ~.
branches of business gives much
couragement In amount of d.fapl,.,
liabilities the month was the small.
since September. 1895; in Ganufa.,,-
ing liabilities the smallest sine, NJ.
vember, 1895, and in trading Habii-
ties, the smallest since September ~.
ccpt the last month, since 1894. I.n
ures of general stores have not been j..
small in any month as Nav. l>,-
In only two months out of NJ
have there been smaller failures
in books and hats. ONLY av.
in groceries and not one trading cla>s
in that month has reported failures
larger than in the half the procedure
months. though in furniture, failure.
are rather numerous. In clothin,,
manufacture the failures were few me-
ing less than all but four months ont ~
thirty-six; less than but five in che,ni-
Gals six in wooden goods. seven In
machinery lumber and miscellaneous
manufactures. and exceeded the average
only iniron and cotton goods and earth
enware. owing To "a few failures a.,
exceptional size.
Nobody can mistake the meaning "a
such returns.
The statement that, except for the
temporary depression in prices. the
volume of business transacted is now
larger than it was in 1s9s, the year Of
greatest prosperity, has been ques-
toned by some. But "a comparison Of
prices this week in the leading
branches of manufacture not only con-
firms the view. but shows re-
markable similarity to the course ~
prices in the earlier months OF l>1g.
when the most wonderful advance in
production and prices ever known
in this or any other countrr
was close at hand. The key Of
the situation is the excessive
production of some goods in advance
Of an expected increase in demand. 50
in 1872 consumption gradually gained
month by month, until suddenly iswas
found that the demand was greater
than the possible supply. All know
how prices then advanced and the
most marvellous progress in the history
of any country resul ted within two
years Reports from all parts OF n,
country now show that retail distrihu
tion of products is unusually large and
increasing. There is no improvement,
in the market for farm products
Cotton is not higher; and the
belief that the next crop will be large
in spite of the floods. is general, while
the demand for goods does not change.
although in this country il is large
enough to keep the market for mos
goods steady. Nor is there any salts
factory demand for wooden goods. and
the sales of wool for the week have
been only 5, sS5, 900 pounds and for five
weeks 34.6sl. 400. against %. 500. $50 in
the corresponding weeks of is92. The
transactions greatly exceed the de-
mand of the mills. although these are
larger of late. because manufacturers
of wooden goods have steadily increas.
ing orders.
The iron industry is apparently ex
banding production. and is certainly
getting larger contracts in part be
cause of very low prices. one cent be
ing made for beams. Bessemer pig Is
stronger, and gray forge a shad,
weaker under pressure of southern
anxiety to sell. The rail mills are al
full. the Illinois Steel Co. having
orders for a railway and bridges
in Corea. and there is better de
mand for plates and sheets anc
from makers of agricultural imple-
ments at Chicago for bars. shipments
of iron ore from Duluth far exceed
those of any previous year. both the
Minnesota Iron Company and the Ear
negie mines shipping over 100. 900 ton
! each week. While the rod combina
ton has not v..t been formed. cXpec
tation of it with large demand has
advanced prices of nails five cent pef
l<eg.
Tin is very firm in spite of a visible
supply of "a. i3G tons at $3.50 and there
are large dealings in copper not above
I III cents for lake. Lead is in fair de
mand at $50, and tin plates are >l1i
selling at $3.50 for full weight Amtrl-
can.
Crop prospects are SO good that the
rumors customary at this season receive
no attention. 1t was stated wct1
ago that along the northwestern road,
prospects were remark ably bright anu
highly favorable reports have since
appeared from Kansas and from Texas
Failures for the week have been ~
in the United States. against 23i ias'
year. and 80 in Canada against " last
year.