The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1891-07-30
WEEKLY TRADE REVIEW.
4 EDITION OF BUSINESS AND TRADE
THROUGHOUT THE COUNTRY.

tNDITION OF BUSINESS AND TRADE
THROUGHOUT THE COUNTRY.
NEW YORK, July 24.-R. g. Dun Il
Co.'S. Weekly Review of Trade will
ay:
Some improvement in the business
situation is still noted. There is
more actual trade in most of the lead
ing branches and more general con
hdeuce as TO the future, but the mon.
etary situation does not grow clearer.
Speculation ia products is springing
up, which threatens to make trouble
when the crop movement becomes
large. The distribution of circulars
in enormous numbers from Minneapo-
lis and Washington professedly by
the Farmers Alliance; advising all the
farmers 30 hold their wheat, does not
affect the actual receipts yet, but
stimulates sp9culators to buy largely
in expectation of a boom, and much
money has necessarily been locked up
iu carrying the accumulation of stocks
With tine utmost freedom in the
movement Of wheat the recovery from
Europe of the SO 900, 900 gold shipped
out year would be difficult, but with
wheat exports checked for some
months g scarcity of money would be
cit 10 all markets and all branches of
industry.
At the West the crop prospects
stimulate everywhere. Chicago re
ports wheat receipts five time last
years, increase of 80 to 80 per cent in
dressed beef, hides and butter, but
some decrease in cured meats and
lard
Dry goods sales are trife smaller
at present and irade in clothing and
shoes reasonably dull with collections
improving, confidence in future being
general. Wheat does not move largely
at St Louis, I'll ough money is going
into Illinois towns to some extent.
Trade improve. at Kansas City, money
being in demand for packers and grain
dealers. at Cha south little change is
noted aud money is generally tight
and trade inactive; but the crop pros
poets decidedly improve in Alabama
Sugar IS active and firm at New
Orleans and trade holds its ow. at
Savannah. The suspension of the
bank at Palatka causes some depres
sion in trade tuere, but heavy pur-
chases of tobacco at Key West show
unusual activi Y. The cigar making
business in h. rida is more promising
Than last year
Speculation 4 breadstuffs has sud
denly become ctive.
Sales of 4S.0n 600 bushels of wheat
here have resB ted in an advance of
J &c per bushal, though a moderate
Official estimate of this years crop
would leave uearly 200, 900, 900 bushels
10 the country ior export, quantity
greater thar las ever yet been taken
abroad
Corn has med Sc and oats Sic
on small trade naving been unnatural
ly high.
FORK products rise again and specu-
iatlon III them As foreshadowed.
Coffee remains unchanged and oil is
l-ec higher, While cotton has fallen 3-S
TO a s for spot with sales of COS 0OO
bales an enormous trade for the sea
son.
Potatoes and apples are lower and
farm products are generally GETTING
back to a norm Il range. The average
price OF ali commodities have fallen
l 2per cent a ring the week. In the
wool trade larger sales at Eastern cities
and continued large receipts at the
West reflect the improvement which
better demand for dry goods naturally
causes.
Lpather is weakening and manu-
factucers are laying in stocks more
tiiber ''r 200 and shoe prospeets at
Soutl rd Vest are eEeellenG aud
Bost shipments again exceed last
year Ng Ia money market at the
West aa, lcfeasipg demand atsome
I poin E pr5aauiug stringency. and