The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-05-02
WEEKLYT RADE REVIEW.


Review of the General Business of the
Country the Past Week.
NEW YORK, April 26.-R. G. Dun q Co.'s
weekly review of trade says;
Business in this region is 80 interrupted
by centennial preparations and the ap-
preaching holidays, that decrease in
volume is not surprising. Reports from
other quarters indicate continued i'm
provement, and even in iron and wooden
branches, the signs for the present are
more favorable.
Money is accommodating here and lent
at nearly all interior points. Collections
are generally better, though no improve
ment is seen at Milwaukee, and
while the general complaint is that the
present demand for money is moderate,
confidence that business will soon expand
is as strong as ever.
The iron market continues unsatisfac-
tory here and southern No. l is sold at
S16.75 and the sale of steel rails at less
than 1927 at the mill is reported. But the
feeling at Philadelphia is clearly i'm
proved. The demand for plate and tank
iron and sheet iron being fair, while
there is decided improvement in
structural iron and the nail market for
bar iron is more steady. It is not yet
clear that the consum ption will sustain
the present large output of pig iron, and
prices do not strengthen.
In the wool market also better feeling
noted.
In drugs and chemicals, also another
trade which is very dull, distinct i'm
provement is observed at Philadelphia,
with collection in better shape and pros
poets higher.
In most of the speculative markets
prices are lower and that fact also gives
promise of larger and freer trade.
Wheat is 20 lower at $50, with sales of
4O,5OO,000 bushels for the week.
Corn is 11So lower at 1890, and oats 1c
lower.
Coffee has not changed, but speculation
in sugar has turned downward. There is
no change of consequence in pork prod.
ucts, and oil is fraction stronger, but
leather is again 80 lower, butter 20 and
cheese 12c lower. Flour has declined for
some grades 80 to 700 per barrel. Specu,
lation in cotton is still strong, and the
price is 16c higher, with sales here OF
386,000 bal 8, and exports continuing very
large. In consequence mainly of enormous
cotton movements, the value of the export
in March exceeds the value of merohan
disc in the ports by 1888, 1926; the mel
exports of gold, $3,712,225 for the month
and about $1,000O00 of silver made abou
81 100000 paid abroad, against interest
due and valuations. For three months
the net exports of merchandise and specie
represented about half the estimated in
serest and under valuations. These fgurei
show that, in spite of much weakness II
speculative stocks, foreign investment
still exceed the Withdrawals Of foreign
capital.
Oflate the demand for railroad bonds ha
been exceptionally strong. In the Faro
pean markets the general tendency o.
prices is upwards. Since April l q fal
in the average prices of all oommoditie
here has been fully half of / per cent.
The dry goods business in other citieI
is fairly on q level with last year, an,
prices we'll maintained. 1t is a dead sigi
that collections in this branch seem to be
generally improved.
The grocery trade has also beef
more active. No soles of lake copper ar
reported here, but London prices are still
lower, while tin is stronger. The demand
tor lead seems to be supplied for tn
present; So Go is the latest quotation.
While the number of failures has beef
very large thus far this year, there is n
sense of uneasiness, which usually attends
Business failures number 231, as com
pared with total of 246 last week and %
the week previous. For the correspond
ing week last year the figures were 223.