The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-08-01
REVIEW
Condition of the General Business
of the Country for the Past
Week.
Interesting Points on Northern
and Southern Iron-Prospects
of the Fall Trade.

NEW YORK, July 26.-R. G. Dun Il Co.'s,
Weekly Review of Trade says: The BUSH
ness OF the week has been, on the whole
improved during the week, but on Thurs
day the assignment of an important dry
goods commission house, with liabilities
over 100000, occasion.d some Dispute
tude. But the general tone of advices is
encouraging. Crop reports improve, and
the probability of large foreign demand
is unprecedented. Financial difficulties do
not yet arise. Great industries seem to
be getting stronger.
The position and the railway situation
is at least no worse. All the cities except
nine report larger bank clearings than
year ago. The latest accounts indicate
decided improvement in wheat, the pros
poets for the Dakota and Minnesota yield
being estimated at 100000 bushels,
against 60,000,000 last year.
Foreign reports are eminently two
faced, but appear on the whole to prom
Use larger demand than last year. New
wheat is moving freely and beginning to
affect foreign exchanges, and in confirm
alton of past estimates old wheat in
large quantities continues to come
forward from northwestern farms
where spectators have represel tad tt Q
supply as exhausted. The price has ad-
vanced only 10 and oats go.
Hog products have declined a fraction.
Cotton reports are as whole favorable.
Sugar has declined ic. Famine is emil
nent. Consumption has been sharply
reduced by high prices.
Oil has risen zoo per 100 pounds for re-
fined and55sc for crude.
The general average of prices is shade
higher than week ago. There seems to
be good and steady improvement in the
condition of the great branches of in
dustry.
The demand for iron has go far in
creased as to cause general stiffenipg of
prices during the past week. Bar iron is
tenth of cent higher. Rails ara firm
at $2S, and nails stronger. The business
in structural and sheet iron is very salts
factory, but 1.-THE demand for plate is a
shade less urgent.
The official report shows sthat the pro-
duction of pig iron, 3,667,767 gross tons,
was the largest in any half year in the
country's history, and while stocks in
creased about 100000 tons the con-
sumption was but 10000 tons less than in
the last half of 1888-13,170 less of
northern iron apparently, and $1,000 tons
more of southern iron. But the produo-
ton has been in excess of the demand.
Signs of improvement in the wooden
business are less clear, but manufacturers
have been buying more freely and there
has been some increase in orders for
goods.
Confidence in large fall trade is I'M
diminished. There is feeling that the
force of foreign competition will be less
felt hereafter.
The coal business is dull and weak. No
change appears 10 copper. Tin is more
steady.
The monetary supply is ample at all re-
porting pointe. The treasury has taken
in $2,000,000 more than it has
paid out during the week, bat exports
of gold have been for the
moment arrested, and commercial bills
are more freely made against grain aud
cotton to go abroad. Exports from New
York for the three weeks of July have ex-
ceeded last year by l51 per cent, and i'm
ports are also larger.
In the stock department depression has
been followed by stronger feeling, and
the average of prices is fraction better
than week ago, with rather more hope
full prospects as to the settlement of the
difficulties between Chicago and the sea-
board.
Business failures number 216 against
20S last week and 209 the week previous.
For the corresponding week last year the
figures were 221.