The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-03-05
DuN's COMMERCIAL Rsvlsw

"t'ss''"s' ''tt''< of Me-
Work. Whose Increased Purchase. MI,
soon Begin tn swell IN. Dlstrii,u,io'
Goods and Result LA Further D.,.l.
mcnt Of Trade.
NEw York, Feb. s7.-R. G. DunAca
say to-day:
Genuine improvement in busn.s.
does not come with rush. Ike M.
breaking of a great dam. The grown
for some weeks past has been more en-.
couraging. because in nearly an linz.
il has been gradual and mod.rat.
The rupture OF the steel rail and o,he,
combinations in the iron business ba.
brought ont "A vast quantity ~ trsI.
which had been held back. and has
set many thousands AZ work. while
the slow but steady gain in other great
industries has given employment Ia
many thousands more: but the fall rf-
fccts viii not appear until the increased
purchase, by all these swell the di,tri-
button Of goods. This comes NOR,
more slowly and later. but Is AHEAD,
apparent. Certainty regarding Tie fa-
ture viii help il nightly and /, ~
multitude> expected with strong hone
II was not 10 b. expected that ihe
excess OF exports over imports WYsl
continue rs large In January ~ !. naa
been in previous months, and yel i
was surprisingly large. The Fehrlar.
returns have naturally been less favor
able. ~ cotton exports fall off AZ this
season. and yet the decrease compared
with last year is trifiing. while the ln-
crease in imports. to be expected "a
this season. mas amounted during The
past three weeks to only s629.040. com
pared with last year, or about two per
cent Nothing in the state of foreign
exchange indicates that the heavy cred.
its in favor of this country have been
liquidated or seriously diminished.
Nothing is yet settled about the price
of lake ore for the coming season but
some expect for Mesaba the price %
lsa5. while others expect a lower price
either being AT least 20 per cent lower
than the price OF last year. The rapid
increase in coke output in the ,on-
ncllsville region. which is now over
100. 600 tons. gives prospect of modcrat,
cost for fuel, and the addition % in
portant furnaces to the producing
capacity prevents large rise in Bes>e.
mcr pig, which was. nevertheless. ad-
vanced ten cents at Pittsburgh with
increasing demand.
Purchases OF rails estimated at fully
LOCO. 900 tons within two week,
whereas the production last year was
l.l0e. ~ tons. and the sales said t. b,
only 1000. insure employment; fof
the works far ,head. and eastern works
IRE taking desirable contracts 81 sl-
per ton.
Bars are unchanged. but orders for
200 ears by one railway with numerous
/ others increase the demands. and plates
are required for two great elevators
vt Chicago. Important contracts for
I export continue and American makers
underseli foreign in tin plates by 20
cents. ana are selling cotton ties below
15 cents. for which sl.l0 was charged
by importers year ago.
With less rapidity. hut yet steadily.
other industries are gaining. Al
though brown ~ sheetings are
an eighth lower and print cloths a six
I tenth lower. il il found that several
| cotton mills are started. not covered by
the restriction as TO print cloth works.
which j. carried out. Increasing de
mand has also started quite number
of wooden mills. including many making
dress goods and hosiery. The demand
for mems woolens is also somewhat
better. especially for heavy weights
and there are improving sales of better
qualities.
In boots and shoes also. growing be
lief that prices will not give way has
started many more shops. although
many jobbcrs still shrink from Tie
prices asked.
Wheat enjoyed brief rise, then
dropped over three cents. and closed
2s- lower for the week. While western
receipts are 20 per cent smaller than
last year. for the past four week, ~
lantic exports. flour included. in tRe
Same weeks. have been G.3f0, rs hu,h-
els. against ,,043. j1s last year. and the
exports Of corn have been s.Aii.1i-
bushels, against 4.i95.2-2 last year.
Cotton rose three sixtcenths. though
without material change II movement
stocks have not been demoralized. a.
some expected in view of invcsiig a'
ti,ns. but closed nj - cents higher ~
trusts and - point, for railroads Eait
road earnings in three weeks Of fen-
ruary have been SIS per cent iargei
than last year but SIS per cent smaller
than in 1~02. Chicago east-bound ton
mage in three weeks of February has
been 2G5. $40 against a0s.si0 last year
and 220. 1911 in 1893. Exchanges through
principal clearinghouse have averaged
for February 10 per cent. less than laS'
gear.
Failures for the week have been ~
in the United States. against - iasl
year. and 80 in Canada against . las'
year.