The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-02-19
DuN'S COMMERCIAL REVIEW


WAS the loiiap-. OF tho Steel Ran -,
"A DECLINE OF Ten Dollars a Ton st.
December lias Resulted IA En,run..
orders, Equal To Those OF Al Last le.r
NEW YORK. Feb. l3.-R. G.. DunS
Go. say in their weekly review 90
trade to-day:
No other event of the week an.
proaches in Importance the disruption
of the steel rail pool. la two DAYS
after it greater tonnage OF rails ,yns
probably purchased than the entire
production la st year. reported As s0l
900 tons. and instead Of SIS in Deeem.
Dor and SIS in January, Sl7 is now the
price at which works east aud west
nra seeking orders, the Carnegie 90.
even selling at Sl7. Chicago delivery.
The sales viii employ many Thousand
hands, with an important increa,. IN
the item of track laying or renewals
To railroads.
Even more important is the result
that reconstruction OF the billet pool
will be impossible rs long rs tae c0a-
test over rails continues, an the man
ufacture of structural forms, bars.
I rods, wire nails, tin plates, and many
4 other products, has a chance 10 secure
/ cheap material In the near fature,
also, is the struggle between tas Two
great companies producing Mcasaba
iron ore, one allied with the Illinois
steel Go. and the other wlth the tar-
negie company, which Is expected to
bring about lower prices for ore and
TO push many mines TO their utmost
i... AZ pre- slI
terests wages are already reduced by
some large concerns.
Another event of influence j. the
purchase of 100, 600 pieces OF PRINT
cloths by NJ. c. ID. Borden, at $50
cents. which has already caused an adj
vance to go cents, with stronger
tone for prints and other cotton
goods. The moral influence Of
such purchase, manifesting con-
fdence in the future, IS apt to
be great. As the contract To saut
down part time many mills producing
print cloths is now going into effect,
the productive capacity and wages
will be for Il time reduced, but ii u de'
mand sufficient to replcnish stocks Is
started, it may be altogether bench
cent.
The wool industry also means an IN
creased demand for new an,. medium
: goods. and a dozen more mills have
z started against three stopping To-
Z various reasons. Speculation IA prod
s uct has hardly been more active thal
: Of late, ana prices generally Ten
= downward.
< Wheat rose cent to Tuesday, bu
y has since declined 2.3. cents. Yves
q ern receipts are increasing, bat 10
e two weeks have been only a.iVl,5.
J. bushels, against 5,s25,2l5 last yea
While Atlantic exports Hour
cluded. have been for the week aboi
quarter larger than for last yea
and for two weeks $500. yOb bnsnei
u.rainst 3,e6S,i2 last year. Abo'
every week some new speculali
- ruess by some body impre,ses mar
- traders more than the current re
ords Of actual movements.
y, The cotton market has been q
pi ,.e.sed in like manner by Mr.. ~
Z. sons estimate, that the American Gro
~ would prove s.O5O,0oO Dales, OUT %
SO ounntity coming into sight has ais
" surpassed previous guesses' anu NY
Gates larger crop than most spte'
- lators estimated. The curtailment
=. ~ consumption il the mills Is not
=, guess, although some over es'''l.a
~ il, since probably not more than III
of the spindles will be stopped I'M
We Of each week for "A quarter Oh the yea
lee The price declined only an ciShtn
NJ spot, but over a quarter for the ny
- option.
Use The money market continues gay
ete with money accommodating here ~
" idly. Rates are no, .na's' 49,
rn' changed, but COMMERCIAL oHerihEs'
az unusually light.
Failures for the past week nave II
20. in the United States, against
last year, and 81 in Canada aB"''
.., 81. last wear.