The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-05-07
DuN's COMMERCIAL REVIEW

GHlsI a--Hl
shipments Begun Review of IA. ,ra
Industries Failures. ~"
NEW YORK, Nav 1.-R. O.. Dan
Co.'S weekly review of trade tc.d,~
says
In spite OF the moderate improv.-
ment in most of the great industries
business Is disappointing. Expecta.
tions of a speedy end OF the war ia A..
rope through Turkish victory bav.
helped 10 depress grain. Demand, ~
Austria and China have caused cxports
of $4,000, 900 gold, merchandise impor,.
are greatly increased, and final action
of congress on the revenue question
seems more remote.
Wheat rose last Saturday nearly .
cents, but has fallen since that day
about > cents. This is largely because
European markets did not sustain ina
expectation of great foreign demand
after the outbreak of war and be,nuSa
events appear 10 foreshadow speedy
peace, but the tidings from whoa,
growing states, the receipts from farms
and the enormous exports of corn. an
had influence. Corn exports have been
1880. l9s bushels in four weeks.
against 4,496.679 last year. while At
lantic exports of wheat in the
same weeks. flour included. have
been only 4,23i. 3ss bushels. against
4,519.2i5 last year. Nor is this surpris.
ing, or if in use two bushels of corn
equal only one bushel Of wheat. two
bushels of corn would cost about 60
cents and the one bushel of wheat
nearly so cents. Western receipts
have been reduced. perhaps in part by
floods and interruption of traffic.
The cotton market has advanced a
quarter of a cent. owing mainly to
speculative impulse from England.
The exports of gold would not have
much influence if there were not an
extraordinary increase in merchandise
imports and some decrease in xports
AT Boston imports of wool have been
extraordinary. and at Philadelphia
they have amounted for the month to
1.27s.0O0 pounds. The thought that
this abnormal increase may continue
as long as action on the revenue bill is
deferred tends to affect exchange. but
the main influence at present j. the
exceptional demand for the reconstruc-
ton of the Austrian monetary system
and for Japan.
OF the gre3. industries. the iron and
steel manufacture is slower in advan-
cling now, as il was much the quicker
in winter. Partly because the increase
in the production of pig was too rapid,
partly becaus enormous contracts
taken when the different pools broke
down went mainly to the larger con-
Germs. and perhaps even more because
possibilities of new development re-
main, there is great hesitation now
in placing orders. Reports Of
pending negotiations between the Hi
nois Steel and Minnesota Iron com-
panies point to an important change a.
probable Prices of Mesaba ore have
not yet been established, though ore
better than Fayal has been sold at
81. IS to s.. so. and pig is weaker. Bes-
sener at $3.50 with one sale Of .. O00
tons for sos at Pittsburgh, and gray
forge at $3.50.
Nails are about five cents per keg
lower and tin plates five cents per box.
and eastern quotations are frequently
shaded To secure business. A heavy
sale OF lake copper is reported AZ II
cents and lead is "A trifle weaker.
There IS more business in cotton and
wooden goods and a little better tone
in prices, SONS cotton and some wooden
goods having slightly advanced with.
out general change.
The mills are rather better employed.
and the demand is apparently increas-
ing. though not enough in wool a. IN
uuce manufacturers to- purchase. Bui
imports have been enormous cur
rent reports are not in error more than
100. 900, 900 pounds in April alon., fhh
a~delphia having received over >.oco''
600 pounds in -four weeks, New
York more than $4,000, 900 ana
Boston apparently over 65,Voo.oW
pounds Sales for the past four months
have been $50. 302. $50 pounds. including
92. 9i3. 100 domestic. and for the whole
year 35l. s92, ss1, including 2lha52oai
domestic, but in 1928 sales were ~
656.35 pounds.
Failures for the week have been 90
in the United States against - iaN'
year. and 10 in Canada against ~ las'
wear.