The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-04-23

the Volume OF business Increasing, Not
withstanding Actual Prepara-
tons for War.

NEw YORK, April i6.-R. q. DUN &
Co.'S weekly review of trade to-day
SAYS:
The meaning OF congress regarding Spain IL
not In doubt. but the form Of declaration at
this hour Is in question The presidents mes
sage has been accepted as strong statement
Of the situation, and the question ia congress Is
whether II will. without change. adopt his pro-
posal Preparations for war continue ~
II II we're inevitable There Is some
hindrance in business, and yet the
volume OF payments through clearinghouse
is still IL o per cent larger than last year. and
outside New York about 90 per cent larger
than in 1892. though speculative stagnation
here makes the aggregate lower. New York
banks may now realize that they are strong
enough for all possible emergencies and may
give the government valuable aid by greater
freedom In business loans Sound New York
banks are not in the leat alarmed about the
business situation, nor have they any occasion
for alarm.
The industries are doing well. because they
have enormous orders taken In February and
March or earlier which insure operations for
periods varying from fortnight to several
months. But the new orders, upon which they
have to rely IL partial stopplge or closing Of
many works Is to oe prevented. are just now
restricted by apprehension about the money
market and the possibility OF a loan
In the iron business there are orders for
about 900 tons structural work held up by
questions OF law In Chicago the large post Of
nee order is yet waiting and the Russian order
for rails is still pending. possibly because OF
financial difficulties
While new business in this line is still very
heavy. the production is so large that II may
easily be disastrously checked by a persistent
restriction of the current demand
But foreign orders for six large vessels are
pending in eastern ship yards and actua, or
ders for cars alone cover ~. 900 tons basic steel
at Pittsburgh.
Angles have been advanced 81 per ton and
structural WORKS are all crowded with orders,
while pipes are in heavy demand.
With prices for print cloths still at the low
est point ever touched, buying OF cotton goods
is more hndered than many are willing TO adj
init by the idea that other goods. not equally
oyerproduced may likewise decline in price
The stagnation in wool is something re-
markable the total sales At the three chief
markets having been only ils2. LA pounds,
against 1905 90 last year, and in the first half
OF April only 33soOii ponds. against 2e.3i6. DOJ
ayear ago. Manufacturers are still waiting,
although somewhat encouraged by rather
better tone in the clothing trade OF late They
have ample orders for the present in most
lines though not in all
Wheat rose 5lsc and held sisc for the week,
although Atlantic exports for the week have
been 30i502l bushels, -four included, against
ss5.sl9 last year. and Pacific exports SCI .j6s
bushels. against i2.05d last year The total
from both coasts for two weeks of April has
been 1872 1886 bushels
The oficlal report shows that exports in
March were -. 40. IS bushels 81 wheat. -four in
cluded. against s9Jl,1.s last year and in nine
months from the principal ports 1853 yOs.s3D bush
els. against l3!,6se. 1853 last year. Meanwhile
the exports OF corn in the nine months have
been i3- gO5. g3i bushels against i35 6S 23i last
year. The volume OF Legitimate business is
enormous. while failures are remar kably small
I For the week they have been 254 in the United
States, against 209 last year. and IS in Canada
against 30 last wear