The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-10-01
GUMS COMMERCIAL REVIEW.

The balance of Trade Again strongly In
Our Favor Heavy shipments of Gold Set
ting IN h and Corm Higher,but the
Decline la Cotton Continues Iron aud
steel Workers Falling Behind with
Their Orders.
New York, Sept. 25.-R G.. Dun 4
Co.'S weekly review Of trade in its IS
sue to-day says:
Gold imports have begun direct from
England and from France, besides the
arrival Of 81, 900, 900 at San Francisco
from Australia for wheat exported.
The gold received there and started
from Europe amounts 10 So. 800, 900 IN
two days, and the advance of its
rates by the Bank of England TO
-, per cent. seems little likely 10
check the movement, in view OF
heavy merchandise balance due To this
country and arise in the rate OF inter
est here. The August excess OF mer-
chandise and specie exports over I'M
ports was not far from si2, OOO, 600. and
the September excess will evidently be
larger, unless shipments of gold are
considered. Merchandise exports from
New York in three weeksof September
have been 1873 per cent. over last
years; imports, 1871 per cent. less and
like changes on the whole trade Tor
the month would result in net exports
of $50, 900, 600 merchandise besides sill
yer.
Produce markets have been uncer-
tain, closing "A fraction higher for both
wheat and corn, while the decline in
cotton continues. With slcents paid for
spot at the end of August. cotton has
dropped IL cents or IS per cent. IN less
than four weeks, in spite OF a remark
able revival of manufacture. Fever in
some southern cities has not been
largely influential and the main factor
has been a general impression that es-
Inmates are as misleading as they were
when the yield was t~hegreatest on'rec-
ord. The corn estimate most credited
by the trade is only 1. 1890 . 600 bush
els, but is coupled with figures tending
to show a surplus from the last erop OF
400. OO0. 900 tlshels over ordinary con
sumption. Were this quite believed,
the price would not be rising, although
exports continue heavy. in three
weeks, 9.927, si9 bushels, against q, 49,
ls7 last year.
Wheat has gained a fraction for the
week. While Atlantic exports hour
included. for three weeks have been
IL. 49s, ISL bushels, against q, lsS,s43 last
year. Western receipts are exceeding
last wears and foreign estimates now
agree in making the probable require
!, ment from this country over 100, 900, oOV
bushels greater than last year.
The official ending of the western
} coal strike adds many thousands OF
men to the working force of the min
ers. and others in manufactures using
:. bituminous coal The anthracite
strike has substantially ended and ne
extensive labor disturbance is threat
r ened. The output OF coke is now 10,
$ 600 tons, and the price is also ad
3 yanced. Some branches of the iror
and steel industry are clearly no longel
D able to keep up with their new orders
Others are very fully employed fol
some months ahead, n with all Til,
demand is increasing. Heavy buying
8 has raised the price OF Bessemer pit
I ut Pittsburgh to $40. so and gray forg'
to 80. so. with actual sales of 100
tons southern pig in the Mahonini
valley for 81. IS at Birmingham.
Wool sales at Boston have declined
quarter, but manufacturers are still
< unable to find profits in goods wit
, wool Il present prices. Reported sale
: OF wool are more than double those o
the most prosperous years, but the ris'
y in prices renders the future NOR
doubtful except for manufacturers hav
y ing heavy supplies aid in. The col
% ton mills are doing large business a.
n though recent buying OF goods ma
naturally decreased after the recen
Df rush.
1t Failures for the week have been 20
TX in the United States against SD las
at year. and - in Canada against ~ las
wear.