The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-03-19
pUN's COMMERCIAL REVIEW

nal.
ness steadily Increase. Rapidiv outrr..
Ing Confidence. Yet Nearly Devoid of ~.
ne"'r involving tnsoundness ar Prnh,hl.
Reaction The Money Markets Esp.ci,,lly
Favorable Ia Industrial Recovery.
NEW York, March i3.-R. q. Dun &
Co. say to-day in their weekly review
of trade:
Ii is "a curious illustration OF Amer.
can nature, this continued discourage.
ment, even while the Increase OF prn-
ductive industries and OF Legitimate
business steadily grows. No genuine
or lasting improvement could come
otherwise than slowly and step By step.
after such depression as the past four
years have witnessed; and the most
hopeful feature of the situation is ira,
the gain is So nearly devoid of element,
which involve unsoundness and proh-
able reaction. The money markets
continue especially favorable 10 indus
trial recovery. and there is no such
speculative epidemic as To look up an
excessive snare of available capita
The annual statement of wheat In
farmers hands March | has not in the
least stimulated speculation. Those
commonly considered worthy of aIten-
ton indicate that farmers and CONNER
cial supplies toge thcr-ly6 0OOU 900 10
2J6, 900. OUo bushels exceed the outside
estimate of home demand. l30.OOl.OOl
bushels to July /, by much more than
the quantity likely To be wanted Tor
export in view of the continued outgo
OF corn, amounting for the past Two
a. h,A hall
l,59l,i AS last year.
Wheat exports from Atlantic ports
in two wceAs have been 2,43l.147
bushels against 2,ysl 091 last year. and
although western receipts are but
345l 1863 bushels for the two weeks
against 4,56s, 392 last year. they are
still SO large for the season a. to dis
credit alarms about speedy exhaustion
OF the supply. The price has declined
3. cents for the week, and corn is
fraction lower.
Cotton is not active. though SIX
teenth higher. for the curtailment Of
consumption by many mills does not
yet help prices in the least. nor the
suspension OF print cloth reports. and
I dealers SO generally hold back orders
for other goods that the tone is weak.
The speculation IN wool continues and
sales for the two weeks have peen
Il, ,gOS. 900 pounds, whereas the largest
previous sales for the same period
were IL, Ols.o .6 pounds IN ls9a. While
there Is much trade between dealers.
manufacturers show, by purchasing
far beyond their present wants. the pe-
lief that larger business is coming.
Iron furnaces March ! were prpduc-
ing i6g 966 tons weekly, ,.O27 tons Or
four per cent. more than February /,
and although visible stocks have lu-
creased 3.02i tons in four weeks otiA
more furnaces have started TINS month.
The demand for finished product, >tiu
lags behind the supply of pig iron. cN-
cept in the great steel works whose
stocks are not reported, but their Orders
without doubt cover full production
for several months. Bcssemer pig j,
shade lower. but no other change IN
quotations appears. and there l. grad
ua increase in the demand for plates
sheets and all the wire family OF prod
u.ts. With the advent OF spring
weather and out door work much more
business is expected. The starting OF
the Maryland rail works under con
tract with the Carnegie company IN or
der to make shipments by water more
sheaply, is significant
The chief events in the aiirpid
world have been encouraging. Inc
transfer of the Lehigh Valley Z" inc
control of the Morgan and prrNel
houses promises important relei ana
tends to greater harmony Of Goa IN
terests for the future. At the same
time the reduction which will pe an.
nounced to-day of - cents IN prifr'"
anthracite coal looks toward a as''
demand and better employment y uN
the future.
The reports made To date Of raiifA
earnings in February covers '''"
miles. a. per cent of the total mii''H'
in this country. and the nited ~l""'
roads alone show earnings pa 'N"s
month Of $50. }s3. 16j. only trn'h y
one per cent. less than last year. pu'
10. : per cent. less than in 1873. ins
Mexican roads. in most tahirs =
.luded, show an increase Of ~ ~
cent. and therefore render returns 80
to the United States somcvhai "'
leading. March earnings thus tar iv
, ported show an increase of 80 per ''"s
over last year and the tonnage
bound. as well as the better c'"'0 u
east bcund tonnage. is gradually ra'"
, ing. liam
Failures for the. past week have ''cn
256 i'm the United states agaih'' ~.
/ last year. and 81 in Canada aSali''' N
last year.