The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1890-10-23
WEEKLY REVIEW.
General Statement Of the Condition Of the
Business OF the Country.

General Statement Of the Condition Of the
Business of the Country.
New YORK, Oct. H.-R. G. Dun & Co.'s
Weekly Review of Trade says:
In all directions the bushes outlook i'm.
proves, and the volume of trade so increased
that Notwithstanding the recent enormous
increase of circulation, the money markets
are growing strong. Exports have been re-
markably large, anu exchanges outside OF
New York exceeded last years by 10 per
cent But while the New York and Boston
money markets are fairly supplied and
steady at 8 and 6 per cent, the market is
light at Chicago and stringent at Philadel-
phia, where only part of commercial pa.
per offered is being taken at 6 to per cent.
st. Louis notes an active market at
7 to per cent, Milwaukee close market
al Z, and Savannah light market. Trade
is strong everywhere. Boston wool is rising
and goods in better demand while cottons
are selling well and firm. At Philadelphia
wool is more active and slightly higher.
The output of cottons is increasing. There
is an increased demand for paper with
tendency toward an advance in some
grades.
The liquor trade is stimulated by the new
duties. Chicago reports smaller receipts
OF grain, cured meats, dressed beef, cheese
and butter than a year ago, but slight in
crease in lard and double the receipts of
wool, and larger transactions In dry goods
aud merchandise generally with salts
factory payment.
ST. Louis merchants are adjusting them
selves to the new tariff conditions and
trade is strong. At Savannah trade Is brisk
The weekly output of pig iron in Septem-
Der was ID per cent larger than year ago.
There are more sales of pig iron at Cleve
land and all manufactured iron in large
demand. At Pittsburg pig is little weak,
Bessemer notably, but the demand for all
manufactured iron and steel is stronger.
At Philadelphia steadiness in pig is en-
couraging though Bessemer is weak, but
all finished products are In strong demand.
The noteworthy fact in New York is the
sale of Tennessee iron-Lucy or Ensley
brand, and strict No. l foundry at SIG per
ton.
Speculation in wheat has made further
progress this week, prices rising 1Xc on
small sales, but exports are practically
stopped. In September only sos, Z59 bushels
against 2, 223, l04 last year went from Ameri-
can ports, and this for small part of last
year exports; for four days of this week
1853, 900 bushels against $4,000 last year
Corn also goes abroad but little, having ad
vanced during the week only nc, while
oats have risen lNc. but the export move
mentis extraordinarily large-in September
POI, 900, 900 pounds against l76, 600, 000pounds
last year, and in October so far there is a
large increase, helped by yielding
in prices. Exports of provisions are also
very heavy--in September $11, 91S,4l6 in
value, against $8, 707, 645 last year, and this
also continues, prices being steady.
The new tariff has caused an advance in
prices of some kinds of goods, which, to-
gether with the rise resulting from the par
tial failure of crops, has moved up the gen.
eral level of prices materially, though less
than that experienced on all commodities
since Oct. 2, but a higher range of prices
accounts, in part, for the quick absorption
of circulation far greater than that of last
year.
Business failures during the last seven
days number 227 as compared with 215 last
week. For the corresponding week last
year the figures were 223.