Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-09-13
THE COUNTRY'S TRADE.
Weekly Review as Gathered By r. G.
Dun & Co. s Mercantile Agency.
Aside from Monetary strinGency at Some
Points, Business is in a FayOra-
BILE Condition.

| NEW YORK, Sept. 12.-R. G. Dun s.
Co. IS weekly review of trade says: The
past week has justified those who gave
warning that the monetary ease caused
by treasury disbursements could be but
temporary. The market here has been
light, with increased rates, and
in some cases, at Boston and
Philadelphia. The monetary pressure
also affects business. At Chicago the
market is somewhat firmer and demand
active; at st. Louis IT is easy at 7GS per
cent; at Kansas City more firm, and
only at New Orleans, of all cities, the
money market is easier. The immediate
fright is at New York, and came about,
it is supposed, by the enormous
demands for payment of duties.
If the tariff should go into
effect October l the fact as officially re-
ported is that less than SO 900, 900 will
pay full duties on all goods in warehouse.
Wheat rates have been increasing but no
one sIpposes that the entire quantity
would be taken out, and meanwhile the
treasury is now offering to pay out
$40 900, 900 for AZ per cents. and
S23 900. 900 more in prepayment of in
terest OF p per cents. If there were no
speculative tendency interfering with the
tree movement of crops, commercial
bills would soon draw money from
abroad, but an unfavorable crop report
caused higher prices for staples and
prices for export had been very light,
prices here being too high for foreign
markets. The net advance for the week
has been cents in wheat, on sales of
.
sales of 10, 600, 900 bushels, and 4
cents in oats. Cotton was in
condition, and the report that it was d
shade lower than last year caused rise
of a sixteenth with sales of 500 900 bales
for the week. Other products have not
changed in price. Reports from other
cities indicate no slackening of activity
on account OF the monetary
differences ut any point west or
south of Philadelphia. Reports as
to collectors are almost uniformly salts
factory. Crops are moving fast, prices
encouraging farmers, but they do not go
forwar to consumers rapidly. The dis
tribUtlon of merchandise in nearly all
lines continues much in excess of
last years at every point reporting.
and at Philadelphia and Boston leather
and boot and shoe trades are exception
ally good. At Boston the wool trade is
much more active, and at Chicago there |
is a steady increase over last year in |
the movement OF dry goods,
boots and shoes, clothing and |
meats. St. Louis reports q strong trade |
in nearly all lines, and from other points |
accounts are of a similar tenor. The (
great industries are doing well. The |
weekly output of iron rises again /
TO III ,776 tons, against l64, 79S |
August l, and 1874 ,06S a year
ago. The market for pig iron
is weak, though no record change in
prices is seen. The bar plate structure,
sheet and wrought mills are all crowded
with work at full and occasionally
advanced prices. The greater ao-
tivity In the wooden menufac-
lures is shown by the rapid rise
and in sales, and the speedy passage
of the tariff bill is anticipated Us basis
for larger operations. Activity in dry
goods is everywhere increased, while the
demand Is large and general. The coal
trade has done nothing to speak of at
August circular prices, and the
demand here is below expecta-
tons, except there is every reason
to look for large and prosperous business
II the pressure in money markets is met,
and that pressure tends to cure itself
quickly by depressing speculation.
Business failures occurring throughout
The country during the last seven days
numbers 1873, as compared with 200 last
week, and 1874 the week previous to last;
'or the corresponding week of last year
he figures were 1893.