The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-01-21

satisfactory Prospect Of the Opening Yea,
Grain Yields while stocks Adv.ne.
Ci.nsinghouse Returns Greater than 4.
1s0. Increase In tho Output Of Irnn
Mails - Heavy Orders for Cars. Kailro.a
Supplies, Etc.
NEW YORK. Jan. i5.-R- q. Dun 4
Co = weekly review Of trade says in h,
issue OF to-day:
The year has opened with . very sa,.
isfactory prospect. 1t is all the better
that there is no wild excitement ii the
speculative markets, and while stock,
advance IA little, grain yields n little.
The payments through the principal
clearinghouse, Notwithstanding a de-.
crease at New York. owing To less
activity in stocks, are 90 per ceut.
larger than in 1892 and lOl Der
cent. larger outside OF New York.
Earnings of all railroads in The
United States reporting for December
S43, S64, 80, indicate substantially the
same rate of increase exceeding last
years by 1915 per cent. and the earn.
ings Of 1892 for the same roads by IL
per cent. Since 1892 was, on the
whole, the most prosperous year thus
far. comparisons indicate, notwith-
standing the lowest prices ever known,
that the volume OF business is larger.
and in spite of some cutting OF rates,
the earnings OF railroads are larger
than in the best year Of past history.
The wheat market has been curiously
languid, yielding u quarter OF "A cent.
although Atlantic exports amount To
6.O56. 1ss bushels for the W. weeks Of
January against 3. 9S6. 3l7 last year. and
Pacific exports for the week have been
1879, u16 bushels.
Western receipts continue SO heayg
that with the greatest accumulation OF
wheat ut Chicago ever known there Is
little encouragement for speculation.
Receipts were :, 557. 204 bushels for the
week, against 3,O9S, 665 bushels last
year.
Corn exports continue large, although
not equal to last years. amounting to
3. 136, dss bushels against 4li3Glg
bushels for the corresponding week
last year and the price declined about
three-quarters Of Il cent.
Spot cotton is n sixteenth lower for
middling uplands, mainly because Of
the stoppage of some mills by difficulty
about wages. But nothing is definitely
known about the quantity of cotton
yet coming forward, and one report Of
creditable character puts the year.
yield at 10. $40. $50 bales. though results
thus far do not quite justify SO large
an estimate.
The iron furnaces in blast January !
report TN output Of 226, COS tons week
ly. against 226. 02i weekly December 4.
with an increase OF IL. isl tons in the
unsold stocks held 10y furnaces. While
this soows IA consumption 52e per
cent. larger than n year ago, there
would be discouraging indications Of
consumption but for the act that sew.
eral furnaces were stopped for the
holidays, and these, with several 9th
ers. have started since January J.,
while demand for finished product,
Ices not diminish.
The wooden manufactu rers have beer
buying wool largely and for reasons
not publicly ex. lained. 1t is evident
that large orders have been taken by
the leading mills at prices which they
find satisfactory, and the rush OF
small mills to buy wool has made
most of the market during the pas.
week. although sales have declined
about 40 per cent compared with the
previous week. But there is decidedly
better demand for mems wear goods
and the makers look forward to good
season.
The cotton manufacturers have
been overlooking by excessive produc-
ton, and find no increase in demand
and no gain in prices.
Failures for the past week have
been $40 in the United States, against
ass last year. and ~ in Canada against
II last year.