Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-22
DUN'S REVIEW.
The General Business of the
Country in Good Shape.
GREAT EXCITEMENT IN GRAIN.
The Volume of Mercantile business as
Large as Ever Before in Mid-Suin-
mer- Collections Not Good.
The Weeks Failures.

New YORK. Aug. 2l-R. c.. Dun & Co. 5
weekly review of trade will say: During
the past week attention has been absorbed
by great excitement in grain. Russian or
ders prohibiting exports OF rye were taken
as official confirmation of the worst reports
regarding the harvest III that country.
The price here was suddenly advanced so
far as TO stop exports, and then rapidly
receded, closing at 81 AZ. or 913c above
last weeks quotations. There IS little
room to doubt that the foreign demand will
be greater than ever, If prices here are not
so advanced as TO check 1t. 1t Is in the
highest degree important that the golden
opportunity should not be lost through such
a rise in prices as would curtail foreign
consumption.
The general business of the country shows
well, with gradual Improvement in nearly
all branches. based on the actual increase
of demand from the farming states. 1t may
be doubted whether there has ever been
more cautious and conservative feeling
prevalent at time when the prospect
of Il large trade was bright. Stocks
OF goods carried over have been large for
the year, and dealers are admonished by
failures, and there is such general diSpo-
sition to purchase only what it IS certain
consumers will require, that many trades
appear hesitating and almost dull Yet the
volume of business is probably as large as
ever before at midsummer. Collec
lions are not generally good. In
speculative markets, except in grain,
there is little excitement. While corn adj
vanced Csc, oats declined &c, and cotton,
with prospects of large crop, declined
sixteenth, coffee l5c per 100 pounds, and
petroleum &c, while pork also fell SOC per
barrel, with lard a shade stronger. The
market for wool continues more ac-
tive, Boston sales reaching 4,29S, 900
pounds for the week, and shipments
being very large from Chicago, though
trade here is quiet for domestic, but better
for foreign woods. At Chicago the dry
goods sales fall short for the week, though
larger than last year, and sales of clothing
and shoes are large, while the receipt of
wheat exceeds last years four-fold, and Of
rye nine fold, with an increase of about one
third in dressed beef, lard, hides and wool.
At st. Louis largely increased orders are
seen in nearly all lines and at Kansas City
trade grows active. At the South business
is still dull. Money is tight at many South
ern points, and collections somewhat slow.
The stock market has decidedly improved in
tone, but there is no sign of speculative
madness and while prices are higher, sales
are not large. The money market has con-
tinue0 undisturbed, Notwithstanding the
large movement to the interior for grain,
ana the apprehensions of the future do not
embarrasS legitimate business, but put
check upon the speculative excitement.
The treasury has put out 81, 100000 more
than ii has taken in during the week, and
the failure to obtain an extension for
large part of the / per cent bonds seems
likely to Oblige the treasury to disburse
large sums for remaining bonds on SepteIn-
Der /.
Business failures during the last seven
days number PIC as compared with total
of :321 last week. For the corresponding
week of last year. 1872