Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-07-27
COMMERCIAL REVIEW.
The Transactions of the Week Show an
Improved Condition of Trade.
Exports Show an Increase of Over Fifteen Per
Cent-CrOp Prospects Fine-Ihe
Iron Outlook Better.

NEW YORK, July Pr. q. Dun y
Co. IS Weekly Review of Trade says:
The business of the week has been on
the whole improved during the week,
but on Thursday the assignment of an
important dry goods commission house,
with liabilities over four million dollars,
occasioned some disquietude, but the
general tenor Of advices IS encouraging.
Crop reports improve, and the probable
ity Of q large foreign demand, and as
apprehended financial difficulties do not
yet arrive, the great industries seem to
be getting stronger in position, and the
railway situation is at least no worse.
All cities except nine report larger bank
clearings than year ago.
Latest accounts indicate Il decided i'm
proyement in wheat prospects in Dakota
and Minnesota, the yield being esti-
mated at 80, 900 900 bushels against
so 900 900 last year. Foreign reports
are eminently twO-faced, but appear OH
the whole to promise a larger demand
than last year. New wheat is moving
freely and beginning to affect foreign
exchanges, and IN contirma ton of past
estimates, old wheat in large quantities
continues to come forward from the
Northwestern farms where spectators
represented the supply as exhausted.
The price of wheat has advanced only
1{o: corn and oats 38c each, and hog
products have declined q fraction. Cot
ton reports are on the whole favor
able. Sugar has . declined &c.
Famine" is eminent Consumption
has been sharply reduced by high prices.
Oil has risen 20 cents per 100 pounds for
refined and SO cents for crude. The
general average of prices is a shade
higher than week ago.
There seems to be a good and steady
Improvement in the condition of the
great branches of industry. The de-
mand for iron has so far increased as to
cause q general stiffening of prices dur
ing the past week. Bar iron is lilo
OF a cent higher. Rails are firm
at S28, and nails are stronger. Business
in structural and sheet iron is very salts
factory, but the demand for plate is a
shade less urgent. An official report
shows that the production Of pig, 3, 667 -
1877 gross tons, was the largest in any
half year in the country's history, and
while stocks increased about 200 900 tons
the consumption was but 20 900 tons less
than in the last half of 1888, -, 100 less
of Northern IRON apparently and 81 900
tons of Southern iron. But the prOduc-
ton has been in excess of the demand.
The signs of Improvement in the wooden
business are less clear, but manufacture
ers have been buying more freely and
there has been some increase in orders
for goods. Confdence in a large fall
trade is undiminished. There is a feel
tho fO-1a Of f0HraipO uunpfifiOU
will be less felt hereafter. The harvest
season for boots and shoes has COM
menced well. The coal business is duh
and weak. No change appears in cop
per. Tin is more steady at $40 80 for
spot, and lead at IS 80.
The monetary supply is ample at all
reporting points and reports of slow col
Iect1ons are fewer than usual. The treas
urv has taken in 50 900 900 more than it
has paid out during the week, but exports
of gold have been for moment arrested,
and commercial bills are more freely
made against grain and cotton to go
abroad. Exports from New York
for the three weeks of July
have exceeded last year s by 1873
per cent, though imports are also
large. In the stock market the depres-
sion has been followed by a stronger
feeling, and the average of prices is q
fraction better than a week ago, with
rather more hopeful prospects as to set
Element of difficulties between Chicago
and the seaboard.
Business failures number PIG against
POS last week, and 200 the week pre-
vious For the corresponding week of
last year the figures were 220.