The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-03-11
DUN's COMMERCIAL REVIEW.

War. While Seriously Affecting stocks.
Have Not Disturbed the Industries and
the Trade OF the Country at All A GEN
orally satisfactory He,isw.
NEW YORK. March 5.-R. G.. Dun n
Co. s weekly review Of trade says in its
issue to-day:
Stories of the most reckless sort,
disprovcd promptly, and many Of them
before they are told, affected spccula-
tion in stocks much last week and mt
times this week. but they have not dis
turbci the industries and the trade OF
thu country at ALL There is conlidence
that the authorities are doing what is
proper to provide for public defense,
and busincs, is moving on with the AS
surance that Il will not be seriously
disturbed.
In grain. cotton. meat, products and
petroleum. the markets have been
strong. wish genc'al increases in the
demand Tor inanufac. urcl products.
Failures IN February have been
smaller than In ANY other month, cx-
cept three % the previous Eve months,
with remarkable decrease in the fall
ure, for SlOO, 900 and over, though in
number and amount the smaller fair
ures show les, change than might havo
been expected. indicating that in good
times or bad a large proportion is due
20 causes apart from the conditions of
business.
The ratio OF dcfaultel liabilities 10
payments through the clcaringhouses.
is bat Sill per 81 900. lower rate .han
has appeared in the first quarter OF any
year except 1890 and 1881, of the past
- years. The best evidence of general
Improvement Is the fact that payments
through clearinghouse for the past
week have been $50 per cent. larger
than in $50. and outside New York.
with its speculative interests, l7.6 per
cent. Compared with last year tbs
gan has been 56.2 per cent. for the
week. and 49.s per cent. for February.
Production of pig iron is the greatest
ever known. some furnaces having
started in the pas. month. but Bcssc.
ner 0iilets arc 50 scarce ut Chicago
that some works are embarrassed. and
heavy purchases at Pittsburgh. includ
ing one of 5000 tons. have stilfencd
so that Bcsscncr iron and coke at Chi
cago are stronger than since November
/. with gray forge unchanged at Pitts
burgh. Foundry at the east is slightly
lower, basic pig having been offered in
a sharp competition at about So
though southern makers in Alabama
and Tennessee. except two. have agreed
upon plan OF sales through "A commits
sion.
The demand for finished products
covers work far ahead in plates,
structural forms sheets. in pipe since
the advance in Oil, and in rails. with
a Chicago sale for Canadian road to
Alaska; but bar is weak with inc-eas-
ing use OF steel. and tin plates are
quoted II ss.s5 against 81 for the same
guilty OF foreign.
The strike in The cotton mills does
not spread, but helps to slightly better
demand for goods. while in woolcns
the business is slow in some of tina
finer qualities. which have been much
advanced in price. Other gradesas well
as cancellations have also exceeded re-
orders. indicating less distributing
than was expected at the advanced
prices.
Wool has yielded little. the average
of 100 quotations by Coates Bros, foi
domestic being 023 against 2Os3 cents
February |. and while yielding is thus
far mainly in inferior qualities. stocks
at least three years old are pressed for
sale
Wheat has grown stronger, experts
continuing at a rate which threaten.
exhaustion of the supply. if trade re.
ports of farmers stocks are correct
From Atlantic ports 2.426.a40 busheh
went out. hour included. against / .36s.
4lG Lass year: and from Pacific port.
S64,gJ3, against iso.g5y bushels las,
year The price has risen one cent
but It is possible that the estimates OF
last years stocks. though 50.0Oo.Oou
bushels IN excess Of the government
estimates, may prove too small.
Corn declined only of cent. with
exports OF i.7ls.si3 bushels, against
.esl. $50 last year.
Failures for the week have been 2Jl
in the United States against es6 last
year and q ia Canada against 80 last
year.