Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-07-20
COMMERCIAL REVIEW.
Notwithstanding the Dull Season OF the
Year, Business Continues Good.
The Money Supply Ample for All Pur poses
The Wheat Yield, with Present Surplus,
win Answer 81 Demands.
~ YoRk. Jdly Is.-R. G. Dun s

NEW YORK, July 1s.-R. G.. Dun s.
Co. IS weekly review Of trade says:
For dull season of the year business
continues remarkably large. The .ir4
crease. in clearing house transactions for
July thus far has been about 80 per cent.
at New York about 10 per cent. at Bos-
ton, Philadelphia and Chicago taken to-
gether, and about Is per cent. IN the
aggregate of all other cities. a gain so
general and so great is not explained by
any supposed increase in speculative
transactions, which chiefly affect clear
ing at the four cities named,
nor by settlements on commercial paper
made in the winter and spring, for the.
increase in the first week of the month,
which would naturally include the
greater part of such settlements, was but
little more than in the latter weeks !.
New business of non-speculative
character evidently exceeds that
Of the same month in any
previous wear. From all parts of
country also came reports that an active
and prosperous fall trade Is anticipated,
and crop prospects continue favorable.
But the financial outlook is rendered un-
certain by continued exports of gold,
foundations of foreign holders of securi-
ties and doubts about trusU operations
Secretary Window has talked with some
freedom. regarding the purchase of bonds,
but stating that the prices paid now are
as high as he thinks the gov
eminent ought TO pay. He
has no power to help matters and
considers that the monetary supply is at
present ample. All reports from interior
cities indicate that the demand, though
more active at Cleveland. Detroit, Chi
cagO and Philadelphia, is everywhere
met by an ample supply, and at nearly
all points is still but moderate. The
treasury has paid out during the past
week 50, 500 200 more than il has taken in.
Trade is clearly larger than last year at
Cleveland with good collections improv-
ing in Pittsburg; by no means active at
Milwaukee, though collections are better;
excellent in both respects at Omaha;
fair average at Kansas City; fair at New
Orleans, with collections up to expecta-
tons, and unchanged at Detroit.
Though money is in brisk de-
mand and rather more active at
Philadelphia and New York, at
most points there is observed
q full normal demand for groceries, ex-
cepting articles especially controlled by
speculation on trusts, and the demand
has raised coffee 1Ic., with sales of 321 =
600 bags here, while distrust of oombina-
tiona has helped to lower the price of
sugar 18ea
Supplies of dairy products are very
large, and butter has fallen 115c., cheese
nc. Pork products are a fraction
lower.
OF the great industries wooden manu-
facture seems most uncertain, for the
prfoepf material has advanced about l
per cent A9pnyan average, and the tone is
very firm. w&ile manufacturers do not
care to sell wool short by disposing of
goods at present prices, there is
a more 5contdent feeling in boot and
shoe and leather. trades. Rubber is
weak at 65c for new paTafine.
The coal market is dhlI and the de-
mand backward. Iron isS hesitating
again, and the belief that the present
rate of production cannot be maintained
seems increasing. Sales of rails for the
week have been but 10 900 tons
For half year actual shipments of rails
were 575 200 tons, against 585 ,55S last
year and 80 ,735 the year before Copper
is weaker, with August lake offereQ at
S1l. rs, and lead is fat at 1886. ~
Wheat has been advanced 10
on report of. damage in Dakota,
with sales of $4,000, 900 bushels
here. Accounts do not warrant
the expectation that the yield@will fall as
low as 495, 900 900 bushels, whiehsWith a
largeSdrplus still on hand will much ex-
coed any demand at present probable.
The business failures number 20S as
compared vittER t1tal of 209 last week
and 202 the week previous. For the
corresponding week last year the figures
were 22S.