Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-09-14
COMMERCIAL REVIEW.
Money in Abundance and the Business
Prospects Continue Good
Fxnorfs Of Both Merchandise and Products
Heavy-Ir0n Strong, Sugar weak
and Wool Firm.

NEW YORK, Sept. I8.-R, G. Dun &
Co.'S weekly review of trade; shows as
follows:
Scarcely a week has passed since the .
government purchase of bonds and the
heavy payments made the street certain !
that there could be no monetary press
ure this fall. Now people are talking
again about possible exports of gold.
! Foreign exchange is higher and rates
for money advance, the best CONNER
| ciaI doubIe-named paper selling at 10
Der cent. and prime single named at 10
: Der cent. Over twenty million dollars
has been absorbed, Of which none
! has zone abroad and scarcely any
! 70 the West or South, anu
the question is again just what 1t was
some weeks ago: VIII the treasury Dc
able to get bonds enough to prevent mon
etarv pressure? Then there was known
TO be more than $40 ,00O, 600 locked up III
bonds held in speculation; that tpe re-
serve has gone, but the additlohal Lioney
has been absorbed by speculaIloh III
stocks. Heavy sales OF stocks on foreign
account have caused q little reaction ana
raggedness. but the general average OF
Drices is still nearly half dollar per
share higher than week ago.
The wars of railways do not cease DuI
on the contrary are increasing IN num-
Der and importance. The exports Oh
nroducts are remarkably large for the
season. for two weeks 40 per cent. above
A last wears. The exports of merchah-
3ttsdise are also very heavy, and the uhle
, corded reports of securities retuTheU
from abroad are tending TO turn
1E
foir suDDlv with a demand generally
good but brisk at Milwaukee, and such
| at Chicago that an advance IN rates Is
exDected The violent storm has dis
+urbed business not a little along the sea
coast. and affected purchases for the IN
terror but in all other respects the week
has been one of satisfactory business D..
Nearly all interior cities report trade as
active or improving, and the cIeaIIHgs
tbrourb all banks outside of New YORK
still exceed last year by 81 per cent
Though the government crop report "a'
thought slightly unfavoraDle other ac-
counts all concur in very sausIacloI
views. and the course of trade at interior
8 Dnints manifests the confidence OF Ioca
e dealers. :.
The weekly output of iron furnaces II
blast September I was l44 ,OG8 tons
AGAINST l45 ,899 August l and l25,o6o
wear ago. In spite Of the increase OF IA.
Der cent. in production for the year III
tone of the market is strong for the Des
weTl-knOwn grades, but while such ITol
sells at 2lS for A / new makers are sell
ing other iron, claimed to be equally a
good, at S17. A failure to Sc
No. . at $40 IS notlceu
Rails do not rise. Ten thousand ION
we're sold during the week at S28. IN
cot q mn
have collapsed, and lake IS quoted
SIO. 25 for September. Secret sales heI
Inv the Rothschilds are rumored. In
London strike preventing shipments pei
mits a corner in tin here, and the prl'
- has reached to 2115 cents. White Iead
strong at 4 cents. Coal Is dull.
The wool market is nOminally firm, ol
If manufacturers refuse to buy the e1
. AFFECTED lower prices will come.
~ k1'be grocery trade has been much al
seSscted bv the weather, and sugar IS al
%eakened by the conviction that 1a
: FinDends. Breadstuffs have been con
ID parativeIy inactive.
e Wheat is y cent higher with sales i
-e the week of only 10 900 600 bushels, al
If corn 1<e lower with sales of $500, o
e. bushels.
Coffee has advanced another p cen
< and oil cents, but hogs al
lard are lower. On the Who'll
speculation in products Is makll
unusually little disturbance this yea
and the large crops are therefore ali t
more likely to 20 into consumptl
promptly and at moderate prices
The business failures during the Ie
seven days number for the United stat
10, and for Canada twenty-three. +
the corresponding week of last year t
fuures we're 100 in the United States a
twenty-seven in Canada.