The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-04-15
DuN,s COMMERCIAL REVIEW.
Rumors of Impending War Cause ~" W
toward Effect Upon Gen
cral Business.

NEW York, April Or. q. Dun n
Co.'S weekly review of trade says to-
day:
When everybody is asking whether ~ Is TO
be- WAR or peace the state OF business l. not
easy TO Judge. Since moody can judge Just
how wise bankers may be In an cmcrgeh'l'
there is some uncertainty but thus FAR scarcely
any stoppage whatever OF manufacturers 0o"-
Germs appears. nor aay indications tha' tine pro-
ducing force is likely TO be diminished nor -
any such symptom 70 be seen IN business re-
ports. Evidence OF existing conditions ~ not
confusing nor uniayorable
So far banking conservatism has not caused
failures, which continue smaller than Tor many
years as in March, nor has IL caused stoppagc
OF any manufacturing concerns nor lessehrd
the volume OF business reported by railroads
In tonnage. or 81 arings AT prin ;ipal points
The wheat outgO counts for much and con-
tinues Atlantic exports hay.ns Deen 2sNei'
for the week. against i5si,is, last year, ana Ia
cinc lsa6 So bushels. against 3isaso last year
Since corn exports coAtiaus 3,ls3,0oJ pusAe4s'
against 33,5.s7s last year, the strength OF the
demand i, no; % be attrlbut "a to speculative
agencies.
IL is fortunate that western receipts % wheat
will not fall short OF the extraordinary GAM
but are stin il-li3, against isos, ITO last year.
50 that the stories OF the nearly exhausted
supplies OF wheat are fable, for children.
! Al the same time the ex ports Cf cotton
| are extraordinary. though lust now deferred
| by the caution which causes large shlpm NJ, 10
New York instead OF outside from guli ports
| For four weeks 1t has averaged nearly f-oop'
10 per wee lower than in 1922 from the
largest crop ever grown in spite OF the fail IN
price which has not changed during the week
n spite OF many reports OF decreased produce
ton.
In such condition heavy in iustrlal demands
for a great force OF operatives have oeen eHec
tive The truth is that every industry meets
enormous over production compared with cor
responding demands in any other year now
ever prosperous and yet nearly all are Keeping
almost their whole force employed and some
are increasing force.
In one branch o. woolea manuiac use, TIVE
carpet mills have stopped. or are about to stop
as II is between seasons bat much complaint
OF cancellation because OF higher prices ant
possibly in some eases because OF inferior quail
tiles has not been followed by reiuc ed proiuc
ton Sales OF wool are insignificant. ana price
have declined &c for finer grades ana oyer on
cent In the average for all quotations. only pc
cause spectators wholly unicrcs'iihate'
stocks held by manufacturers.
In the iron and steel industry with demand
greater than ever before from general sources
urgent orders from the governm mt enlars
work but DO not advance prices
Disaster in trade as shown this week by sep
arate branches Of business for the month Q
March, ana also the urst quarter VI 800 ih-N
, the best report that has been possible Tor nv
} years.
Meanwhile banks are extremely cautious an
commercial loans are but ten per cent OF the
aggregate The belief that quick expat
) sion in all branches would folio
G greater liberality and patriotism by II
banks is not wholly unfounied, and u
: heavy rece pts OF gold from Europe counts K
little compared with the greater or less III
. crafty in loans by banks.
. Disturbance does not yet appear howcve
: and failures for the week have been ~ IN u
United states against $50 last year and -
Canada against 50 last year