Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-13
DUN'S REPORT.
THE OUTLOOK is DECIDEDLY
HOPEFUL.
Gamblers Not Successful. but Legitimate
Business is All E;isht-A Great
strain Borne by business.

NEW YORK, June 12.-R. G.. Dun & Cos.
| Weekly Review of Trade will say: Very
! rarely mas such Il strain been put upon pro
! ductive industries and legitimate business
as by the enornus exports of gold in May.
1t is Il most significant fact that after this
severe test the state of trade is better for
! the season and more hopeful than it was in
April, when the great movement
Of gold had not begun. Within thirty days
the largest crop of wheat ever grown. it IS
probable, will be moving to market Coy
ernment report and other information put
down the price 3j9 cents last week. While
the official report was not so favorable re
garding oats, prices dropped . cents. though
corn rose nearly L. cents. Cotton dropped
! a cent, to the lowest point touched for
| nearly forty years. Lard declined and
petroleum 1I5c and coffee &c. and on the
whole the week was not u good one for
people who bet on higher prices, but money
was easier in spite of previous exports.
Silver was lower, and the rate OF foreign
exchange declined so far that bankers ad-
nit gold can now be sent abroad only at Il
loss to those who order it.
The treasury has added about S2,fO0 900
to circulation during the week, and receipts
of currency from the interior have been
heavy.
Reports from other cities show that trade.
while only moderate in volume, as is to be
expected at this season, is fairly large I'M
disturbed and exceedingly confident as 20
the future.
st. Louis finds decrease in general trade
about equal TO the increase last wear, though
it is up to the average for this season, and
while the sales of fruits have suffered some
the sale of grain promises TO be phenome-
nal.
AT Kansas City trade is fairly satisfac-
tory as at Denver and at Louisville. Crop
reports stimulate confidence.
Memphis notes that the recent rains have
much improved prospects, and at other
Southern points trade is dull. These and
other accounts for which there is rot space
show that capable business men in all parts
of the country look upon the moderate
shrinkage in present trade as natural re-
suit of last years short crops and
count with great confidence upon large
business with the full yield promised this
year.
The iron industry for the month. exceed
ing others in the decrease Of production, re
ports a weekly output of l46, 1S2 tons against
1l5,500 last month, with decreasing stock
unsold. which is evidence that heavy de-
mand hereafter IS expected In bar, plate
and structural iron the demand is already
larger
Wool sales are also larger here, at Bos-
ton and Philadelphia, with moderate con-
cessions by holders, and the manufacturers
show great confidence by their buying.
In all parts OF the country the money
markets show surprising strength, not
withstandng tine loss of gold to
Europe. and while closeness is re
ported at Detroit Cleveland, Gin
cinnati, St. Louis, Nashville and
Savannah, reports from nearly all
cities indicate that nobody is suffering ex-
cept spectators. In brief, the situation is
not good for gamblers, but for producers
and legitimate traders decidedly hopeful.
Business failures occurring throughout
the country during the last seven days
number pa. as compared with a total of pa
last week. For corresponding week of last
year the figures were 2l2.