The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-07-02
DuN's COMMERCIAL REVIEW

bosiness Men OF 49, Highest standln,
hsgaining Conhstsn nee signs Of Improve.
ment Multiply Removal OF Uncertainty
ny Adjournment OF Congress WIN Bring
Long Dormant buying Forces Into Ac
us'ty hrighteniog Crop Prospects.
New York. June 26--R. q. Dun A.
CO.'S weekly review OF trade says:
There is no step backward in busi.
ness, although the season OF midsum.
mer quiet Is near. Improvement con.
tinucs. gradual and prudently cautions
as before, although in many branches
evident where no signs OF it appeared
few weeks ago. business men of the
highest standing in all parts Of the
country having gradually perceived
that the tide has begun to rise, are req
ulating their contracts and invest
ments and their plans OF the future
with "A confidence quite unknown Il
them "A short time ago
Great changes before the adjourn.
ment of congress are hardly 10 be ex
| pcctcd, but removal of uncertainty Is
with reason expected To bring int
operation buying forces which have
been restricted for months.
The main factor at this time is the
steadily frightening prospect for crops.
Harvesting OF wheat has already be-
| gun in some winter wheat states. with
surprising by good results in the central
region and California. SO that 500. OOC
tons Is now called the minimum from
the latter state. and the statisticians
of repute calculate ON 90, 0OO. 900 bush
l als of
government estimate. Spring wheati,
doing remarkably well. with practi-
cally unknown increase of acreage. Tn,
price advanced one-half cent during
week, Il decrease of 200, 900 bushels In
western receipts aud Atlantic export.
of only LAS. g47 bushels. flour included
against LIB, 96l last year, butt is Just
the season when figures have II,
value except for proving how erroneous
We're estimates of the crop of 1896.
Cotton was lifted an eighth without
reason, and has fallen back as much,
because everything points to larger
crop than has been commonly ex
pected.
Iron and steel products average
small fraction lower in published quo
tations, but only because private con
cessions which are now refused. wcre
by various authorities complaccntly
concealed two weeks ago. Pig iron is
tirmer. with a better demand at the
east and at Chicago. but the impatienc,
of valley furnaces to resume work
keeps bessemer and gray forge at last
weeks quotations at Pittsburgh. The
best of the news is material increase
in orders for plates. in part for build
ing; in bars for agricultural inn
plement works, in structural shapes
for buildings and bridges, and in gal
vanized sheets
There is an encouraging increase in
the demand for all textile goods. even
for cotton, which have for SO long been
slow, and. though it is but moderate,
there is nothing of speculative char
acter in the transaction. and prices are
firmly held.
Recorders for woolens have been
rather better than were expected from
clothiers and fairly good for dress
goods Operations in spring goods are
still deferred
| While mills are somewhat better
employed and are buying TO some ex-
tent, most of the purchases of wool are
for speculation. nearly quarters
being at Boston alone and the aggre-
gate was s,73S, 500 pounds at that
market, 5,6l0.3o0 of foreign wool.
In the west wool is still held at
relatively higher prices
Failures for the week have been 22l
in the United States, against ~ lasi
year. and - in Canada against "a last
year.