Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-29
Money Rapidly Moving to the
Interior--Wheat Yield.
LARGER THAN REPORTED.
The More Damage there is Done to Cotton the
Better il will be for the Producer.
The Payment OF 4I-2 Per Cent Bonds
Promises - Large Addition to the
Available Currency During sep
tember-Trade Improving.

New YORK, Aug. 2S.-R. G.. Dun & Co. 3
Weekly Review of Trade will say: The
speculation in bread StufS has broken
down The failure TO export at more than
about 81 10 for wheat has administered
corrective which this trade greatly needed.
The threatened withdrawal OF the crop by
the Farmers Alliance amounts 10 so little
that the receipts were ll,4OO,UO0 bushels for
the last week reported, against 4,gOO, COO for
the corresponding week last year, while the
receipts OF other grain slightly decrease.
Money is moving rapidly 10 the interior,
but the treasury has Deen-Strengtheulug
itself, adding $l2 500, 900 10 its gold for The
week, also taking in 100000 more treasury
notes than il has put out. BY equlrlng de-
poSitS OF gold NJ New York against Ship-
mentS of currency to the country banks thc
treasury has somewhat increased its gold
reserve, but the main fact IS that lis re
ceipts for the past week have exceeded lis
payments of all kinds by about Sl,1O0,OOO.
The official announcement that all ~ per
cent bonds not offered for extension II
September will be paid on demand promises
u large addition TO the available currency
after the first Of next month.
the crop prospects are III all respects eN-
ceedingly bright and the reports of injury
by frost 90 not appear to affect any con-
siderable proportion of the crop There IS
every reason TO suppose that the yield Of
wheat Will ne larger than the 5t4,UOo,OUJ
bushels estimated ny The agricultural de
partment, Trough weld no greater would
leave 200 600. 900 bushels for export.
Cotton mas advanced 5-I6c. 1t would oe
a good thing for the producers, III al prob
ability, if 4 considerable part of the forth
coming crop should be cut of by unfavOr-
able weather
The sa.es Of wool continue large. and the
manufacturer IS fairly well employed.
\ slight improvement Is seen in leather
at Philadelphia, though buyers are eau
tiOuS.
Lumber lie quiet, the building trade being
stagnant.
Orders for wooden goods are backward
The Chicago receipts Of wheat are in
creased four-fold and of wool twC-fOld COM
pared with last year, and an increase is
seen in -four cheese and in sales OF dry
goods, clothing and shoes, but there Is de-
crease of one-haIf in cured meats aud some
in butter and hides. \ heavy increase IS
seen in trade at St. Lonis, the country mer-
chants buying literally. Trade is improy-
ing at Kansas City. At Nashville the yroc.
cry trade is better, but other business is
only fair. Very little improvement is seen
at Memphis, while trade in cotton is slight
~ improved ut New Orleans and at Calves
ton the prospects arc favorable.
As much depends upon the balance of
foreign trade il is highly important that
the imports for July exceed the exports by
only $780, 900, instead of %, 900 900 last year,
and for August thus far the increase III
exports at New York is 1876 per cent, while
in imports there Is decrease of Is per
cent. The prices of all commodities have
gained ID per cent for the last week.
The business failures occurring during the
last seven days number 226, as compared
with Il total of PIG last week. For the cor
responding week of last year the figures
were ISu