The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-07-25

urally include the greater part of such
settlements, was but little more than in
the latter weeks.
The new business of non-speculstive
character evidently exceeds that of same
month in any previous year. From all
parts of the country also come reports
that an active and prosperous fall trade is
anticipated and crop prospects continue
favorable, but the financial outlook is
rendered uncertain by continued exports
of gold liquidation of foreign holders of
securities and doubts about trust oper-
atoms.
Secretary Window has talked with some
freedom regarding purchase of bonds, but
stating that the prices paid now are, as he
thinks, more than the government ought
TO pay. He has no power to help matters.
He shows it proves that those who want
money and not those who have bonds to
sell, but considers tn At the monetary sup
ply is at present ample. All reports from
interior cities indicate that the demand
though more active at Cleveland, Detroit,
Chicago and Philadelphia, is everywhere
met by an ample supply and at nearly all
points is still moderate. The treasury
hss paid out during the past week $780,
600 mora than it has taken in.
Trade is clearly larger than last year at
Cleveland with good collections; improY-
log in Pittsburg; by no means actiVei at
Milwaukee though collections are better;
OF cellent ia both respects at Omaha; a
fair average at Kansas City; fair at New
In a.
tons; unch anged at Detroit, though
money i. on brisk demand and rather
more active at Philadelphia and New
York. At most points there Is observed
full normal demand for grocerle IS
exec pting articles especially controlled by
speoulations on trusts, and the demand
has raised coffee 20, with sales OF $4,000
bags here, while the distrust of combina-
ton has helped to lover the price of sugar
1Sc.
Supplies of dairy products are very
large and butter has fallen @ and cheese
4c.
p, rk products are fraction lower.
or the great industries the WOODEN
manufacture seems most uncertain, for the
price of materisl has advanced about 10
on 4 average and the tone is very firm.
White manufacturers do not care to sell
wool short by disposing of goods at pres
emit prices,
There is more confident feeling In the
boot and shoe and leather trades. Rubber
is weak at 65c for new psrafine.
The coal market is dull and the demand
backward.
Iron is hardening agaiu. The belief
that the present rate of production can't
be maintained seems increasing. The
sales of rails for the week have been but
$1,000 tons. For the half year the actual
shipments of rails we're $4,000 tons,
against 5S5,55S last year and 9O735 the
year before. Copper is weaker, with Au-
gust lake offered at $11.75, and lead is
fat at 1886. Wheat has been advanced
cent on report of damage
in Dakota with sales of 1900 900 bushels
here. Accounts do not warrant the eI-
pectation that the yield will fall as low as
4S5,0OO,OOO bushels, which, with the large
surplus still on hand, will much exceed any
demand at present probable.
The business failures number 2O0 as
com pared with total of 209 last week and
2O2 the week previous. For the CORE
spending week OF last year the figures
we're 1923.