Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-18
DUN'S REVIEW.
Business Clearly Grows Some
what More Active.
IMPORTS DECLINE SHARPLY.
Exports From New York Alone Increase
Nearly 33 Per Cent.-Money Moving
Freely to Buy the Crops.
The Iron Trade.

NEW YORK, July 17.-R. G. Dun & Cos.
weekly review of trade says:
Business clearly grows somewhat more
active though mid summer dizziness is still
the rule. At Eastern cities there is no
ticed more demand for manufactured goods
with larger sales of materials. At the
West trade is enlivened by the large yield
of winter wheat already harvested, and by
the very bright outlook for other crops.
At the South, however, while crop advices
are favorable, no improvement appears in
business, which is duller than usual and at
some points is pronounced unsatisfactory.
General confidence is strengthened by the
financial news from Europe, which indi-
Gates that disturbance of the money mar
ket from that quarter need not be feared,
and by change in the foreign trade of
this country which points to mate
rial reductions of the balances
payable abroad in specie.
Imports at New York have sharply de-
clined since July /, amounting to about
81, 100000 or IS per cent less than for the
same weeks last year. On the other hand
exports of domestic products at this point
show an increase thus far in this month Of
50, $4,000 or nearly 80 per cent in compari-
son with the same weeks last year.
There is remarkable increase in the
production Of pig iron almost to the UMPIRE
cedented figures of last year This sudden
increase in production is not in all respects
favorable symptom. No correspond
ing improvement in the demand
for n manufactured products is yet
of the furnaces, are now recorded as
amounting to about four hundred and
eighty thousand tons, showing very large
increase. particularly in coke and iron.
Unless the demand rapidly improves, the
market must soon weaken so far as to
test severely the ability of some of the
concerns to continue productions. tAlready
there is perceptible weakness in the mar
ket at Philadelphia and some concessions
in price are noted for pig iron and for
plates. while the market for structural
iron is extremely dull.
As usual of late the demand for rails is
Scant, the market for railroad bonds being
still dull and disappointing.
Reports from other cities are generally
hopeful in the East and North.
Bank clearings in St. Louis exceed last
years by per cent, and money is moving
out to move the crop with freedom. while
general trade in all lines is of fair volume.
At Nashville trade is fair but dull
At Memphis unsatisfactory.
At Little Rock falling of
At Savannah sluggish.
At New Orleans dull, though better de-
mand is seen for cotton.
At Jacksonville trade is better.
Crops are in good condition.
A collapse in wheat speculation has come.
with fall of SC during the past week, but
corn is scarce and $40 higher, while oats
have declined about lc.
Pork and hog products are higher.
Coffee has risen q quarter and oil the
same.
Cotton is unchanged, and the general
course Of prices has been downward, as is
natural at this season. The fall during the
past week has averaged nearly q of per
cent
The money market has generally been in
fair condition, and collections fair for tine
season.
Business failures occurring throughout
the country during last week number 274,
as compared with total of 247 last week.
For the corresponding week of last year
the figures were CO.,