The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1897-12-17
DuN'S COM MERCiAL REVIEW

OON SOW MGhSiAl REVIEW
The Opening az congress Did s.s u ..n..
ltu,ness >prru.au,. Niarav,- sn.....s
WAN Definit. improvement IA Az pr,.
dnctivc Industries la the t-ualA l,rtt
est season of the Year as to N,n a.,
a.rs Failures.
NEW YORK, Dee. II. r. G.. Dun .
Co. 5 weekly review Of trade SAYS In II.
issue OF to-day.
The opening of congress. with tina
annual message and reports. has l,.,
disturbed business, rs some predicted
but all speculative markets are strour.r
than week ago. The productive In.
dustries, even in the season usuallv
about the dullest OF the year AZ 10 new
orders, met IA de finite improvement in
dc mand for important products, pre.
sumably the fruit OF IA prevailing con.
viction that new business will BEGIN ia
crowd the works after the new wear
starts.
The outward move ment OF whea,
and other products continues so heavy
that foreign exchange has fallen three.
quarters of a cent and instead of *.
ports Of gold, which have marked DE.
cember in recent years imports would
come if gold were wanted.
Securities are advancing with rea.
son in the Increased earnings OF rail-.
ways. SAT. 0s5, Sol for November on re-
porting roads in the United State,
1913 per cent. larger than last year ana
s.? larger than in 1892. a striking
comparison for five years shows that
in each of the last three months earn
ings have been greater than in any
previous year. with IA larger increase
in November than in October or Sep.
tenber.
The sudden rise in December wheat
at Chicago to Sl09 would do harm
were it not based on avowed contracts
to ship some millions of bushels t.
Europe. That fact and the continued
foreign demand in spite OF such con
tracts, has helped IA rise of IL cents
here. Western receipts for the week
were 5,79s, III bushels against. IT,. 69l, S7i
last year; and Atlantic exports, includ-
ing -four. 46l2. III, against 1875. 65l
last year and SO great is the
foreign shortage THAT the outgo
of corn last year, far greater
than ever before, is again exceeded
3,3l3,Os6 for the week. against 3,O55, 80
a year ago. with the price nearly one
cent hig her for the week. The reports
that the western supplies are running
low are discredited 10y receipts from
farms
Cotton is sixteenth stronger. in
spite of estimates running from To-
100. 900 to IL. 100000 bales by well
known authorities. A strike in En-
glish mills is no longer threatened,
and the possibility Of one at Fall. River
has little weight.
The demand for wooden goods has
clearly improved aud more wool has
just been purch ased abroad and is be.
ing imported. the sales in domestic
markets having been for the past week
only ., $40, 900 pounds at Boston, and in
two weeks, IL. O5O, 400 pounds at the
three markets.
There is more demand for iron and
steel products in preparation for rail-
way work, bridges and ings next
year and on contracts for export
including one for government
bridge in Holland, others for bridges in
Japan, withlarge shipments of various
products to Eng land and other coun.
tries. Foreign contracts for 40. OOt
tons of rails are pending. In and
about New York bridge and building
contracts call for 81, 900 tons, and Chi
cago works are figuring on numerous
contracts for 5. 900 railway cars. The
formation Of the American Steel and
Wire Co. is expected to strengthen
prices and causes some buying.
A sale OF lake copper, said to be TO-
10000 pounds, at IL cents, SC
strengthens the demand that 1857 il
bid; but tin and lead are dull and
spelter a shade lower, while future
contracts for tin plates have been
made at $3.50 per hundred pounds.
Connellsville coke production is i5i,-
100 tons weekly against $4,000 in
November, and no advance is now ex.
pected above $3.50 for furnace coke
early next year.
Failures in the first week of Decem
Der were but S2,6l7. 24O-manufactur
ing 1888, APO, and trading 81, 1850.
Failures throughout the United
States for the week have been ~;
against $50 last year and 30 in Canada
aQainst AZ last wear