The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-06-25

br. in the Industrial Than In IN. Tr,,,,,'
Field a Generally Fairer OutiooL.
NEW YORK, June 10. g. Dun
Co.'S weekly review of trade TODD,
will say:
The retarding influence Of cold ana
unreasonable weather has passed. Tbo
gain in business in spite OF IL was se,.,
a week ago, and has become clearer i,
all. As no genuine improvement eve,
begins with an uplifting of prices h..
folc the producing force has became
fairly employed, this does not ana
the buying of 1000 bales Australian
wool by one Boston house and 100 ,a1
tons pig iron by a Wall street operator
and advancing prices for stocks. an,
the only proof that the actual condi
tions are understood by some capable
men.
There is evidence of gradually en-.
larging business in every impor-
tant department. More establish
ments have been set at work and
more hands employed, and. while
prudence still finds speculative ex.
cesses. the progress toward better
things is unchecked Reports from The
various cities this week show a very
general progress and "A continued large
distribution through retail trade.
The proof is clearer. as it should be in
the industrial than in the trading field
Contracts for consumption of 1000 OoC
tons iron ore have already been made.
1000. 900 within the past fortnight. il
-. 1,..ff .
only terminated about two months ago,
Bessemer ore is selling lower by .,
To 80 cents than at the outset. Pa
wabic at 2.25 against 2.55, but ,,e
heavy demand puts additional mine.
81 work.
The speculative purchases of 100000
tons southern pig at $40 clears the
deck for larger business mt better
figures. and sales at Chicago of l50.M
tons have been the largest for 4
months.
Reaction after the sudden purchase
Of 30. 900 tons Bessemer al Pittsburgh
leaves the price 81 50 per ton. but ths
heavy orders for bars there and foi
$4,000 tons at Chicago, mainly from i'm
plement makers. with orders for many
new buildings at the west, one of mag
nitude at Philadelphia and several at
New York. the larger demand fot
plates and sheets. the order for y
miles of pipe and the purchases Of
steel rails which have started the new
Joliet works with good orders are faf
more important than the speculation
in materials
Coke production has increased =
50O,o tons. nearly "a per cent, with
out change in price Tin is stronger
at 1873 cents, and the copper output
in May, larger than in any other
month this year, has not lowered quo
tations. while lead is stronger.
The demand for print cloths for the
first time in many months. have ex
ceeded the weeks production. and tho
price has risen a shade, while prints
and other grades of cotton goods are
in slightly better demand.
There is more widely distributed
business in woolens than was expected
Clothiers are buying. and as they come
late. are in haste. Some eastern mile
have been in the market. but the bulk
of the purchases of wool has agar
been by speculative houses at Boston
where almost 10000. 600 pounds wer,
sold, against 6,55i. 300 at New Yorh
and Philadelphia Western operators
still pay more than eastern prices war
rant.
In produce markets the year draws
to a close with slightly stronger prices
for corn owing to heavy foreign buy
ing. and in cotton owing to better
foreign demand, Notwithstanding more
encouraging crop reports. Nobody can
count bales in June. but the outlook
is SO favorable that few make large
ventures against the yield exceeding
1000 900 bales.
Wheat was hoisted nearly two cents,
but fell about as much. closing quar-.
ter higher for the week. in spite Of re
duccd western receipts and Atlanti'
exports. Expert reports from winter
wheat regions west of Ohio had much
influence. but still more the great uu'
really unknown increase of spring
wheat acreage with exceptional pros
poets thus far. In two weeks of Junt
Atlantic exports of wheat and Hour
have been equal to 4,gs1.655 bushes
against 5,al9. s23 last year. Failures
for the week have been l9s IN tne
United States against 276 last wear
and RI in Canada AGAINST - last year.