The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-09-03

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seAscn " heat FiuctuHtes but Aa,."
Lotion hecping Pace. aud the Wool NJ.
Act Reflects Greater strength V.i,.r..
for the Week ss
NEW YORK, Aug. -. r. q. Dun
TO. in their weekly review of traas
say: 's
Speculative markets have their tnrn.
OF reaction. but business has non. ,hi.
season gaining at a steadipess ~ MAJ
is most gratifying. The starting .,
works, Increase in hands employed
advance in wages and in prices =,
products and the heavy moyem.n, ~,
crops are facts before which All sn.c,,
lative influences have TO bow M.
weeks dispatches mention ia irno
works which have started. again,
one closing; l5 wooden works star,.d
and so In many other branches whit.
many more works have incr.as..,
forces and many are preparing to re-
sumo and some have increased wages
While these things continue with
grain rising and going abroad in enor.
nous quantities-money markets hav.
reason for Astounding confidence ana
speculative strength. Crop prospects
are contradictory as usual at sueh a.,
time, but IL is noteworthy that none
Of them indicate anything less than an
ample supply of the great staples.
Wheat rose over cents Satnra,r
with exaggerated reports of iniurv.
fell nearly 5 cents, advanced cent
and then declined sharply, closing
cent lower for the week.
That some harm was done to spr,no
wheat appears. but no account, IN
titled To respect indicate damaye re-
ducing the yield below 5iD.OlD ooo
bushels. which would be - 0lo noo
larger than any other crop excepl TIM,
of 1891.
In spite of great lack Of ears. when,
receipts were I, $40. 559 bushels for the
week and for four weeks. is.ssessl
bushels against a. 500. 947 last wear and
at Atlantic ports, exports, Hour "a.
cluded. though somewhat checked by
higher prices were 3, 56s. 500 for the
week against s.207.5l6 last year and
for four weeks ls.3s1,6s7 bushels
against 1876. l1s last year. Export, Of
corn bear strong testimony To the Ne.
robustness Of foreign needs. being g..
$40. Ia bushels for the week. against
2,sl3.3i9 last year, and Atlantic ex-
ports in four weeks have been 10 i66..
AS bushels. against 5,6l1. 40 last year.
The price rose cents for the week.
Sympathy for the other markets
rather than reports of injury. which
capable authorities deem not mpor-
80. r.
three -sixteenths in cotton. But the
mills are resuming work with a rush,
and will require heavy supplies Of ma
terial To meet the large demand for
goods. which has advanced the price.
of many. a general replenishment 81
stocks by dealers will call for heavy
additional supplies
The wool market also re effects. in
greater strength and further advance
in some grades. the heavy buying 0.
woolens which has set many mills at
work at night and day and caused
makers of many grades to withdraw
them entirely from the order market
But. while the mills have been buying
omewhat more, most of them hold
large stocks and the trading has been
mainly speculative between dealers
At last demand has so far overtaken
capacity of iron works that prices Gr,
growing stronger. Bessemer and gray
forge, p cents higher at Pittsburgh.
and pig in Eastern markets as much
stronger, because rebates and conces-
sions are stopped. Billets are 81 per
ton higher, structural angles, bars and
plates about as much, rods 81. 80 at $40.
and wire nails cents per keg higher.
The demand is also heavy for mer-
chant pipe and steel, and sheets
are very active. The advance
in iron and steel prices averages
=. per cent for the week. Buying OF
ore continues heavy. 100000 tons ~
two weeks at Cleveland. and among
the iron works starting are four more
furnaces. While tin is weaker al
Is. % cents with large arrivals. copper
is held at IL cents for lake by large
orders and deliveries. and leaf Is
scarcely obtainable below four cents.
sales having been heavy. Connelis-
vile coke works increased output &C
l23. GA tons for the week.
Hides are again stronger at Chicago.
though packers no longer lead on'
country hides are called scarce al
though cattle receipts at the four cniei
markets I5l. 400 mead. are the largest
for the corresponding week since l''--
Failures for the week have been -
in the United States. against IS las'
year; and "a in Canada against ~ .as'
year.