The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-02-05

Himself. but "a season of Inrr.as. AZ
Productive Industries without Adyano.
Ia Prices.
New NoRk. Jan. 80. r. G. Dun A.
Co. say to-day in their weekly review Of
trade:
January has been "A month of disap
poiutment, but Of real gain. Nearly
every body had promised himself a land
of milk and honey after New Years.
and the slow progress looks like stand.
ing stil TO men in such ii state Of
mind. Moreover there are multtudes
throughout the country who have
been taking large ventures in
advance Of or apart from their
regular business because they
expected rise in prices But prices
fail as yet To bring them profit. Wheat
has declined severely, cotton has
scarcely risen enough To pay broker
age, wool holds steady III spite of
enormous buying, wooden goods hardly
change in price, iron and its products
decline, leather is sluggish, hides are
| lower, for some shoe manufacturers
accept "A shade lower prices; the aver
age OF railroad stocks is slightly lower
than it was Decembsr 81, and the ad.
vance in trust stocks has been small.
To traders in such properties the
month has been disappointing. Yet
during the week the record shows
ten iron works have started and only
two have stopped, thirteen wooden
works have started and nine more are
about ready TO start while three have
stopped. Similar things are seen IN
other industries and the additional
esta blishments are not starting with
out some increase in orders received.
1t would do more harm than good tc
eXaggerate the Improvement But
study of conditions governing bus-
ness indicates that the wheels are on
the right track, and moving IN the
right direction.
Men talked Of possible drain Of
gold month ago, but January has
passed and the liquidation OF foreign
indebtedness to this country seems
farther off than ever.
Merchandise exports from New ork
in January have been about four per
cent larger than last year. and im
ports - per cent smaller than last
wear. when the excess of exports was
over SIS 900, 900, while cotton exports
from other ports have been larger.
The month has not diminished, but
has increased, the current balance due
this country. Money markets become
more easy and favorable TO expansion
OF industries and Legitimate business
!, The decline in wheat was oycy ST.
, cents. in spite of an official report o
a t.G M
accepted, and reflects perception o
the error y the report, and also o
: the in fiuence of enormous exports o
: corn instead of wheat-s0, 900, 900 bush
els in seven months. When two bush
: els of corn can be had for less tina
i one bushcl of wheat, II is largely pre-
ferred in European markets, and i
; January :, $50. l27 bushels OF corn hav
rone abroad from Atlantic ports
;. against 5,aO6. $40 last year, while Al
. lantic exports of wheat and Hour nav
3 been 6.535,I54 bushels, against s,s4J
: C1y last year. As the great crop Q
corn prevents much advance IN III
price. its outgo affects the demand 10
wheat
A heavy liquidation of specie has %
Cured with the price of corn scarces
changing.
~ Cotton looks less attractive To tra'
S. ers. because American millers are 4
O boring over plans to reduce gre;
III surplus Of goods and prices OF man
70 have declined. Takings OF northei
OF SINNERS have been in five months, "a
'e' 900 bales less than last year, anu AZ
uo 600 bales less than lsg4-j.
e' sale, of wool in January have nev
Sd been surpassed in that month, nor
ny any other month, except last Mover
.er Der and July of 1895 and ls92. ~
ire price has remained about stationar
~ The iron and steel manufactuf
az show little gains, production haVN
increased SO heavily before, and Y
gradual enlarg ement of demand I
finished products has not overtaN'
y, that increase. Lower prices result
Bessemcr pig, gray forge ana
,r. southern iron at Chicago. for cut ma
"a and the average of all QUOTA "
nd is the lowest since carly last ye'
,vn For sheets ,herc is active demand a
,ca better also for bars, on account 81
IRIS building. Tinand copper are . sfa
ron stronger, but competition causes 81
,sc OF tin plates 40 to ID cents below
inc agreed price.
nnt Failures for the week have been
bis in the United States. against 4U' !
year. and 81 in Canada, against 20
her gear "