The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-11-19
ouN.s COMMERCIAL REVIEW

Colder aud stormy Weather Accelerate
Distribution Orders TO Fiii stocks IA.
courMsimg-rh Purchasing Power OF the
Peopi. Gradually Increasing. aud Trad.
should give Ample Evidence Of increase
Tho Failures.
New York, Nov. l3.-R. q. Dun a.
Co \ weekly review of trade says:
Colder aud more stormy weather, so
long needed in the accelerated dis.
tribution of winter goods, has mate
rally helped in some quarters. aud the
resu ting improvement IN retail trade
is mentioned in nearly every northern
dispatch this week. SO that orders To
fill stocks have been encouraging. and
in some branches the multitude of de-
mands for immediate delivery show
that the distribution To consumer has
already gone much beyond the exprc-
tations of the dealers. But this is not
yet the general rule. aud, with many
complaints of delayed trade from other
quarters. there still remains the cx-
tensive shrinkage caused by fever and
quarantine at the south.
1t is. therefore, the more surprising
that the volume of payments through
clearinghouse continues about rs large
as in 1892. and 1861 per cent. larger
than last year.
Railroad earnings also nearly equal
those of 1892 for the first week of No
vember and half the mileage in the
/ United States shows earnings in Octo-
Der of $50, 35i. 4g6, or so per cent larger
than last year, and two per cent. larger
than 1872.
Speculative markets feel disap-
poin ted because prices do not rise
faster and faster, but it is fortunate
for producers and dealers that the ex-
pericnce of some past years in that re-
spect has not been repeated There IS
nothing To cause general reaction, the
purchasing power OF the people is
gradually increasing and after the luil
which follows extensive replenishment
of stocks. trade should give ample cyi-
dencc of that increase.
The output OF iron furnaces Novem-
Der was 2l2. l59 tons weekly. against
200, 100 October /, gain of ol per
cent, aud unsold stocks decreased s.
500 tons in October, indicating IL larger
consumption in manufactures taan
ever before, even when the output OF
pig was pushed by swiftly-advancing
prices to the highest point, 2ls,ts2
tons, November /. 1895. Prices of iron
products rose that year 55.3 PEI cent.
but are now not four per cent higher
than June o. The enormous output
with some more furnaces started in
November causes but slight decline
III Bessener pig TO SlO.25 at Pitts.
a l.
pig trade at the east or Chicago,
and no fall in prices of finished prod
ucts except shade in angles. Nnle
most works have orders for the rest u
the year. and in sheets and some other
branches are lar behind in deliveries.
new orders are few. but include one
for 1000 ears at Chicago and one for
400 at Pittsburgh. one for an armored
ship at Chester, many for small build
ings and for st. Vincent's hospital and
three school houses here, many for
bridges. with some for the drainage
canal at Chicago.
Wooden mills generally have orders.
for three months ahead. and are not
seeking further engagements. Large
sales Of speculative lots of wool at
prices not stated suggest that il may be
lower before the mills need further or
ders. A year ago the price began 10
mount, with heavy speculation, and
has risen 50 per cent without reaction
in quotations., while the rise in goods
averages but IA per cent.
The decline in cotton and the slow
demand for goods, owing in part to
warm weather, have led cotton mills to
confer about curtailment of production
and further reductions have been made
in brown sheetings, drills aud prints.
and by jobbers in bleached goods.
Cotton declined an eighth to 5.s7 cents
for middling uplands, aud both ex-
ports and takings of spinncrs have
been large.
Wheat dropped over two cents, but
has since risen as much with buying
for export. Western receipts continue
heavy, III two weeks, a. OBS. 907 bushels.
against 10. ISL, 1872 last year; while At
lautic exports, flour included have
been 6,562, OPS bushels. against 8. 92l. 23l
last year.
An English authority reclsons the
worlds yield at l6i. 900. 900 bushels less
than last year which would mean
market for all this country has to
spare. Corn exports are again larger
than last year and the price has risen
~ cents. Later prices of meats do not
indicate that farmers have as yet much
inducement to save corn for feeding.
Failures for the week have been POI
IN the United states against 216 last
year, and "a in Canada, against 40 last
year.
1'1E ROGlIS INDIAN WARRANTS