The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-12-10
DUN'S COMMERCIAL REVIEW

Encouraging Facts CLEANED Poem m.
Month'. Failure. Wages of Thirty m
sand work-r. Voluntarily Advanced ;.
the Highest scale Ever Paid so,..
Branches Of Trade seasonabiy oul,,. 49,.
All Indications Encouraging.
NEW York, Dec. A. e.. Dun
Co.'s weekly review of trade saws in H.
issue OF today:
The monthly report OF failures Shov.
defaulted liabilities of Sil.6lO ly5 -
November, against si2. 700. $50 last vear
Because OF three large failures tor
81, $50, 900. not due to present condi.
tons, the aggregate in November wa,
only 81. 100, 900 less than last wear ana
except for these, would have been
smaller than in August, September .,
October. The decrease in nearly IN
branches of business shows that nav.
ments have been remarkably good and
defaults unusually small.
Other evidences of the state OF bp,-
ness are convincing, except in specula.
tive lines. Wages have been voluntar.
lily advanced for nearly 80, 900 worker,
in woolens and iron.
Stocks are somewhat stronger. hav.
ing been advanced 8l.47 for railwars
and Sl.57 for trusts. The true value n,
American railway stocks is steadily
rising with earnings.
1t is the season for waiting IN mos,
industrials. but at least one other fnr.
mace has gone into blast. and the low.
est price Of Bessemer at Pittsburgh
after purchases of 80, 900 tons, is slo.ls
per ton. with So 25 for gray forge.
Eastern holders are somet ines i'm.
patient. and yet sure that January will
bring large demand, and meanwhile
the award Of ship plate contracts 10
eastern firms gives them importan,
help, though the demand for bars is
slow at the east and at Pittsburgh. but
is really strong at Chicago for agrcul-
tural and railway supplies. struc.
tural orders ara seasonably in abey-
ance, but contracts for pipe for Lon
don elicit sharp bidding at Pittsburgh.
The voluntary advance of 20 per
cent. in wages of worsted workers al
Providence. restoring the rates of 1873,
is evidence OF the prosperity of that
manufacture. After much hesitation
in order branches, which may be JUS
titled, this important department Of
the wooden industry puts itself at the
'front.' virtually declaring its ability to
face any foreign competition. The
purchases of Australian wool ut Bos-
ton have again been large, 2,4S5. 900
pounds out of g. 170,7OO pounds OF all
wool at the three chief markets.
against s,s2l, 800 pounds for the same
week last year.
But other markets are extremely
quiet and Boston is doing the selling
at prices not named. No gain appears
in the cotton manufacture and the low
price OF cotton still hinders the buy.
ing OF goods. Lower prices than have
been known are quoted for print cloths.
and also for some grades of prints.
The wheat market has deceived every
body, dropping in the face of an enor-
nous foreign demand just when some
advance might reasonably have been
anticipated. The western receipts
b, $50, 425 bushels against 2.964.62l last
year for the week and for five weeks
80. $685. bushels against 0,24l. $50
last year for the same weeks are Just
now more impressive in the market
than the Atlantic exports, which have
been 4, 1S7, 675 bushels, -four Incl uded. for
the week against 2,079,457 last year. and
for five weeks II. ST. AZ. bushels against
9.sl7, 1873 for the same weeks last year
But in the long run the outward move
ment will affect prices, although the
surprisingly large increase at the west
indicates considerably greater yield
than has been anticipated. So the enor-
nous receipts Of cotton from planta.
tions. exceeding those to date from the
great crop Of about 10000. 900 bales in
1894. tend to check all speculation. al
though both foreign and domestic de-
mands for spinners have been mate
rally restricted.
Failures throughout the United
States for the week have been 400
37a last year and IS in Canada
against IS last year.