Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-11-21
DUN'S REPORT.
Confidence. Fully Restored in
All Sections.
BALANCE TRADE FAVORS US.
The Only Possible Danger is That a Sharp
Decline in Wheat Might Wipe
Out Margins-Number of
Failures Lessening.

New YORK, Nov. OR. G. Dun & Co. IS
weekly review of trade will say: Much
has happened of late to depress business
and shake confidence, and yet confidence IS
not shaken, and the volume of business is
still close to the greatest ever attained.
Prices are settling downward with enor-
nous productions, but the fact that such
production increases, show that low prices
are not ruinous. The alarm about
the money market has passed and no dis
turbance is apprehended this year. Indus
trials are on the whole well employed, and
it is equally noteworthy this week that
there is better tone III the branches of
trade which have been most embarrassed.
Kansas City and ST. Louis trade has dis
tinctly improved with colder weather and
is fairly brisk at Omaha and strong in all
lines at ST. Louis, but the car famine there
grows worse, with grain blockades out
ward. At Nashville trade is fair and
money close; AT Memphis bust
ness is rather sluggish, but at
New Orleans there is a good
increase with better prospects, receipts
of cotton being heavy, of sugar fair and
trade in rice steady. At Savannah and
Charleston trade is somewhat depressed,
apparently by the very low prices of cotton,
and money is rather tight. At Jacksonville
business is very brisk, but at Richmond
dry weather prevents the marketing of to-
bacco, and low prices and short crops
of cotton, but manufacturers are active.
The distinctly better tone in wooden goods
is due to the appearance OF spot demand,
clothiers having worked off old stocks to
great extent. The demand for overcoatings
and heavy goods is stimulated by cold
weather. Wool sales continue of good
volume, though Western fleeces are rather
weaker.
Receipts of wheat at Western centers
continue at the rate of more than mill
ion bushels daily, and exports are also
large, but prices have declined 25Sc on sales
of Is, 600, 900 bushels.
Speculation in corn is yielding, the price
being lower for spot, while pork products
are substantially unchanged and oats nc
higher. Cotton receipts continue to exceed
last years week by week, notwith-
standing reported shortness of crops,
and while reports for the crop year thus
far are but slightly less than year ago.
stocks at principal points are 1,200,00
bales, against 100000 bales last year at the
same cate.
The money market of the country is well
supplied for legitimate needs, but some
points report speculative money tight"
Exports of merchandise from New York
in the three weeks of November have
been s25,251, 719 in value, an increase
of SO per cent, while imports for November
thus far are about Is per cent smaller than
year ago, which points to an enormous
balance to be settled by other countries in
specie. One danger is that the great quaint
tity of wheat is now carried abroad as well
as in this country on margins and loans,
and there is a possibility that sharp
decline might cause some trouble.
Business failures occurring throughout
the country during the last seven DAYS
number 2S5 as compared with total OF 29l
last week. For the CORES ponding week OF
last year they were 274.