The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-03-21
WEEKLY TRADE REVIEW.

General Statement of the Business of the
Country for the Week.
New YORK, March 15.-R. G. Dunn d
Co.'s weekly review of trade says the great
fall in the price of copper from $50 to
$50 per ton at London appears to
have come to stay. The liquidation is a
confessed necessity at Paris, and consum-
ers in this country are looking for much
lower prices when contracts run out in
June. While Boston stocks have
declined several points, there are no signs
of disturbances there. Their rates for
money are comparatively easy. Prices at
present are nearly nominal with scarcely
any trading. Tin has declined little and
lead was weaker. The monthly report of
iron furnaces in blast in the contrary to
general expectation shows a slight In
crease in February, the output reaching
149,775 tons weekly on March l, against
about 10S, 800 tons last year.
The market for bar iron is pronounced
lower than for many years. Nails show
no improvement and are demoralized, and
steel rails are quoted at $27.50. Sales to
March have been 580,510 and deliveries
1878 tons, and makers decided not to
increase the allotment.
The government report, showing 49,
600 900 bushels of wheat in the farmers
hands, is regarded by the operators as an
argument for lower prices, with visible
NvDlx nf mn mn n
will be required for food and seed until
July l, and there is besides large stock
on the Pacific coast in the country eleva-
tors and in the hands of traders not in
Guided IN the visibly supply and probably
more than an ordinary stock of
flour On hand, the winter having
been open. When 1t is consid-
cred that the ordinary stock of flour would
probably exceed 100000 bushels of
wheat, and that last years export of wheat
and -four from March to July l cover but
2S,000,000 bushels, the prospect of scarcity
seems remote. The price has fallen
cents for the week, with sales of 100000
bushels here.
Corn is lower and oats Q lower. Pork
products are unchanged. No change ap-
pears in coffee and but fraction in oil.
The stock market has been weak and
prices have declined on an average of
81 per share, with consider
able selling by foreigners, perhaps
occasioned in part by the fears of disturb
ance at Paris. There was increased dis
appointment with regard to railroad pros
poets. Traffic retuEls continue fairly
ahead of last year, however, and the result
of the difficulty is still Unsatisfactory to
investors as the manner in which corpo-
rations have been managed.
Reports from the interior this week all
uniformly indicate some improvement in
the business, though the complaint of slow
collections is about as general as before.
There vas improvement in liquors, leather,
groceries and cattle.
Money in ell interior markets remains
in ample supply, while at Milwaukee, De-
troit and a few minor points improve
ment in demand is observed. The treas
ury has taken in during the week only
100000 more than it has paid out. On
the whole, while improvement is slow and
marrow, it is clearly helped by the failure
of wheat and copper speculations and by
a movement of prices toward lower
level.
For the week the decline In average
prices of commodities has been nearly
half of l per cent.
Business failures number 26l as com
pared with total of 281 last week and 1913
the week previous. For the correspond
iug week of last year the figures we're 228.