Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-25
DUN'S REVIEW.
More Actual Business and More
Actual Confidence.
SURPLUS WHEAT TO EXPORT.
The Outlook for the Shoe and Leather
Trade Very Bright-Enect of the AL
lance Circular on Wheat
Dealings.
MORE ACTUAL CONFIDENCE.


NEW YORK, July 24.-R. C. Dun & Co. s
weekly review of trade will say:
Some improvement in the business situa-
ton is still noted. There is more actual
trade in most of the leading branches and
more actual confidence as to the future.
But the monetary situation does not grow
clearer. Speculation in products is
springing up, which threatens to
make trouble when the crop
movement becomes large. The distribution
of circulars in enormous numbers from
Minneapolis and Washington, professedly
by the Farmers Alliance, advising all
farmers to hold their wheat, does not yet
affect actual receipts, but stimulates specu-
lators to buy largely in expectation of a
boom and much money has already been
ocked up in carrying accommodating stocks.
With the utmost freedom in the movement
of wheat, the recovery from Europe of the
$40, 900, 600 gold shipped this year would be
difficult, but with wheat exports checked
for some months scarcity of money would
be felt in all markets and branches of in
dustry. At the West crop prospects stimu-
late everything.
Chicago reports wheat receipts five times
larger than last year. An increase of 30
to so per cent in dressed beef, hides and
butter, but some decrease in cured meats
and lard. Dry goods sales are a trifie
smaller at present, and trade in clothing
and shoes seasonably dull, with collections
improving, confidence in the future being
general.
Wheat does not move largely at st. Louis,
though money is going into Illinois towns to
some extent.
Trade improves at Kansas City, money
being in demand for packers and grain
dealers
At the South little change is noted and
money generally light and trade inactive,
but crop prospects have decidedly improved
in Alabama.
Sugar is firm and active at New Orleans.
Trade holds its own at Savannah. A sus-
pension of banks at Palatka causes some
depression in trade there, but heavy pur
chases of tobacco at Key West show I'm
usual activity in cigar-making. Business
in Florida is more promising than last year.
Speculation in breadstuff has suddenly
become active. The sales of 4S,OO0, 600
bushels of wheat here have resulted in an
advance of SIC per bushel, though mod
crate official estimate of this years crop
would leave nearly 2OO,OOOOOO bushels in
the country for export, quantity greater
than has ever yet been taken abroad.
Corn has declined cents, and oats 81
on small trading, having been unusually
high.
Pork products rise again, and speculation
in them is foreshadowed.
Coffee remains unchanged, and oil is "a
higher, while cotton has fallen to cents
for spots, with sales of Coz, 600 bales, an
enormous trade for the season.
Potatoes and apples are lower, and farm
products are generally getting back to a
normal range. Average prices of all com.
modities have fallen l = per cent during the
week In the wool trade, larger sales at
Eastern cities and continued large receipts
at the West reflect improvement, which
better demand for dry goods naturally
causes.
Leather is awakening and manufacturers
are laying in stocks more literally. Boot
and shoe prospects at the South and West
are excellent and Boston shipments
again exceed last years, but money mar
kets at the West show increasing demand,
at some points approaching stringency. and
collections are not on the whole good for
the season.
The business failures occurring through
out the country during the last seven days
number 254, as compared with total of
PA last week; for the corresponding week
of last year the figures were 199