The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-02-12

lLcnfw w utat SLOWLY R0sshst.e
OF Cotton and Wool lnsstssf.ctsry-
More Hopeful Feeling in iron->o t,n-
barrs.smcnt In the Money Market
NEW YORK. Feb g r. q. Dun 4 Co.
saw to-day in their weekly review of
trade:
No important change in business ap-
pears. but the number OF manufacture
ING establishments starting much eN-
cecds the number Of those stopping
during the week. aud 50 much that
the curtailmeut of working time IN
many cotton mills probably does not
lessen the aggregate productive force
or amount Of wages paid There Is
distinct increase in orders for wooden
goods. some gain in the silk manu-
factnre, n waiting condition with gain
in one branch of boots and shoes. -ad
indications OF better things coming IN
the iron and steel manufacture.
To many it is the most perplexlng
feature OF current events that wheat
does not rise much, though IL advanced
ls. cents for the week Atlantic ex-
ports have been only 1886. Oi6 bushels,
4 flour included, against 1855. i56 Tor
the same week last year. while west
ern receipts have been only l,s6,, i'n
bushels. against $500. 4O7 last year
The condition OF the market is not
explained by any special Information,
but current prices show that no great
confidence is ielt in the estimates Of
supplies available for the rest of the
year.
Cotton fell TO =. cents, after the
agreement to close Fall River and
other print cloth works became
known. but recovered the quotation
Of week ago. 7.sl cents without fur
Their news. >pinners' takings have
been 80 small this year, those of
northern mills about 400. 900 bales less
than in 1894 %. that the admitted mar.
rowness OF demand for goods has al
present considerab bic weight
Sales OF wool have been smaller than
in other recent weeAs. and yet are faI
in excess of the consumption OF al
mills for wees. Il all were fully EN-
ploved. AT the three chief markets
the aggregate for the week has been
1865. zoo pounds
There has been only 4 slight stiffen
ing in prices, but more foreign WOO
will be taken and stored. il IS believed
If western holders continue 10 demand
higher prices
Prices OF Bessemer pig and gray
forge a, Pittsburgh have slightly ad
vanced with a much more hOpefu
feeling, Notwithstanding the compare
tive narrowuess Of the demand 70
finished products. and in plates ant
wire and wire nails there Is mucl
more business with good prospects
. Billets are quoted al sl5.25 witt
scarcely any demand at present. an
rods al 81, while No. p black sheet
are quoted at only two cents
! Reports that $4,000 tons of stee
plate and sheet bars have been ex
: ported to England are only indica
| tions of the temporary excess OF SUI
: piy over demand in this country. an
are not supposed TO have realized AM
profit. Yet il is stated that prices o
: cast pipe are from twodoilars TO thre
J dollars per ton lower at New for
d than at scotch works
Bars are quoted al he lowest pric
!. ever known at Philadelphia, withou
: much Improvement in the demand
! and steel rails are still inactive an
e unchanged in price, the railroad
: waiting for a decline correspondent
; 10 the fall in billets- But on u
: whole the demand for iron and ste
5 products is slowly gaining. and a cot
i sidera BILE proportion of the works al
= fully employed. though the gain
Z not vet enough for those who ha'
'e taken large stocks OF material or pro
4, ucts on speculation
ar In the money market there appea
y no embarrassment. and the large sa
81 of Northern Pacific and Oregon Ma
ss cation securities to European capiti
81 lists has given additional assuran
or that balances due to this country "
80 not be cancelled for some months
- come so that the point Of possible 60
i exDorts is removed still farther. Il
n course OF the stock market has be
uninstructive and dealings have n
=, been large. but the average Of railro
:. stocks has advanced a small fracti
and the average OF trust stocks !
al slightly declined.
Failures for the week have been
a. in the United States. against 323 Il
Il. year, and 90 IN Canada, against G. Il
IA year