The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-10-08
puN'S COMMERCIAL REVIEW.

FAILING on~ inc bNfksNt tfab' 6tet
Known-Tbe Volume Of clearinghouse
Trsnsactions Unprecedented. While the
Various Manufactures show Marked ln-
crease Failures for the Week.
NEW YORK. Oct. 2.-R. q. Dun * Co.'S
weekly review of trade says:
The failures during the third quarter
OF 1897 obtained yesterday by tele-
graph, were 2,gO3, with liabilities of
SIS, 1908. POI. of which 20 were in bank
ing for IS, ae1 ,O69. Commercial failures.
ASA, with liabilities of S25,5id, I'VE;
averaging only s.. 500 each, lower than
in any other quarter for % years. The
amount of defaulted liabilities is the
smallest In IN quarter for five years,
and in Is years only six quarters have
shown smaller liabilities. Manufac-
turing failures, COL, with Liabilities Of
50. s3l, 1911, averaging but sl+-AsI each.
and trading :. lG4. with liabilities Of
Sl2, s25, O65, averaging but So. o21 each,
both smaller in average Of liabilities
than in any previous year OF which
classified records exist.
The volume of Legitimate business
continues n little larger than in the
same month of 1892, for while the
great increase of "a. 4 per cent. ut New
York might be supposed due to specu-
lative activity. in spite of the establish
ment and growth of the stock cx-
change clearinghouse. yet payments
through the principal clearinghouse
outside of New York exceeded those Of
1892 by 81 per cent. for the week, and
20 per cent. for September.
~ VI F..
large part of the country, and the
daily average, including this city. was
in September 5000, 3Gf, 900. against 1874
500. 900 last year; S133. $40. 900 in 1894;
Sl22, I3S, 600 in 1898 and SIG, 327. 600 in
1sg2, so that the gain over the same
month in the best of past years j. 10
per cent.
The evidences of rcviving prosperity
are the more important because prices
for most manufactured products hare
advanced but moderately, and are be-
low the level of ls92, while spccuia-
tive markets are all declining with Gu
lious unanimity, a. If the large crops,
which make grain and cotton weak,
would not assure increased business 10
railways, and warrant better prices
for stocks.
Speculation in wheat and cotton has
been set back by the bright crop pros
poets. The wheat estimates of $40.
200 900 bushels, about 200, 900, 900 bush
els more han would be required for
food and seed, leaving the smallest
stocks for six years without replenish-
ment. was followed 10y decrease IN for
s.-, L,.f,r ..l .a,..t V.H-...p
Yet western receipts for four weeks
were "a. $50 54 bushels, against 81. Oyi.-
GA for the same weeks last year. anC
Atlantic exports. fiour included. are
IL. 32j. lis bushels, against SIG, So
last year, while Pacific shipments ar,
also very heavy and corn exports con
tinue over seven per cent. more than
last year.
Turning from speculative markets L
productive industry. the change il
tom is striking. All industries ar,
pushed to increase working force with
occasional rise in rate of wages, b,
the growing demand. This is largely
for replenishrnent OF stocks. but dis
patches show that retail trade at nearly
all northern points continues To tx
pand and dealers well know that in
crease of working force and of wage
insures larger distribution of goods
The advance in cotton goods ha
been checked by the decline in mater
ial. but in wooden goods the advanc,
in prices has been small compared will
the rise in wool. which is helped b..
stronger prices at London sales. Tn,
dealings, mostly speculative, have
amounted TO 60, SOL. 100 pounds in fou.
weeks. ~. 572. 200 being domestic. bu
recent sales OF very large lots sugges'
that profit taking may have begun.
Slower to gain, because less affecte,
by replenishment of dealers stock
than other industries. the iron manu-
facture has been pushed to further ex
pansion by a growing demand for liz
ished products.
Failures for the week have been 10
in the United states against 2gy las
. year. and "a in Canada. against 40 las
year.