Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-04-25
MORE BUSINESS.
Markets Sustained by Large
Speculations.
CAN'T PREVENT GOLD EXPORTS
The Merchandise Movement at Boston
Slightly Larser--Money Market Undis-
.urbed and Money Easy-Dun's
Weekly Commercial Report.

NEw YORK, April 24.-R. G. Dun & Co. 8
weekly review of trade says that but for
speculation this would have been compar-
atively duh week; but sales of H., 600. 900
bushels of wheat in this market, $50, 900
bales OF cotton and 2.249, 900 shares of
stocks have supplied Il certain activity,
though not of the most wholesome kind.
In the interior business has been somewhat
improved; but many causes com bine to
prevent great activity. Prominent among
these is the reaction from excessive real
estate speculation and building, which have
prevailed for years in some quarters.
Strikes in building trades tend to cause
dullness where activity had been expected,
and the threatened strike of coal miners in
several states. also retards operations.
But on the whole the volume Of business
is larger for this season in amount of the
bank exchanges close up than for the cor
responding weeks OF last year, and east
bound shipments from Chicago for three
weeks have been 200,011 tons, against 231,-
0l9 tons for the same weeks of 1880.
The symptoms are those OF waiting,
rather than of reaction. The merchandise
movement 1t Boston has been fair i'll woods
and slightly larger, without much change,
in goods and boots and shoes, with better
reports from agents, while leather and
hides are quiet
At St Louis trade has improved. Trade
N@-HNN OA-@NAHA
ter at Denver.
Cotton is quiet and lower at New Orlean.
and sugar active, general trade being fair.
AT Savannah trade slackened slightly
and is rather dull Ut Jacksonville; but eX-
tensive Investments in phosphates with
heavy shipments cause activity on the part
of the state where those departments lie.
The money markets are generally undis-
turbed and comparatively easy. Collec-
lions improve slowly.
The treasury continues to pay out more
than it takes in, though but little this
week, net addition TO circulation being
about $500 900.
There are renewed signs of foreign sell
ing of securities on the recent rise and
it is not TO be expected that large gold
exports in the summer can be prevented
unless breadstufs so decline as to permit i
free movement prior to June.
Wheat has risen ESQ, with enormous
speculative transactions and has been even
higher. The markets of late show realizing,
Yet exports from Atlantic ports continue
far below those Of 4 year ago, although the
quantity available for export, after supply
ing all domestic demands for the crop year.
is still over 100000 bushels. The belief
in short European crop next fall is the
chief excuse given for the speculative ad-
vance; but it IS 4 question TO decide what
crops other countries will harvest four
months hence.
Corn has declined &c. but oats are &c
higher. Continued great receipts of cotton
have depressed prices Lice but coffee is1S
higher. Offerings of European refined su-
gar seem to have called American refiners
to order very quickly. Without any change
in price of raw sugar, refined has dropped
from l4Nl5c. The change in the average
prices OF al commodities has has been but
Slight. The advance for the week in spite
of the rise in wheat for manufactured prod
uc;s tend 10 lower on the whole.
Heavy iquidations put tin down l0Cd12c,
and large importations caused tin plate TO
De offered at some decline.
The coal trade does not improve, though
agents have fixed upon %, 600, 900 tons as
the output for May. Lehigh ignores the
decision in the coke cases, but the threats
of q strike in the bituminous mines affect
the prospect.
Business failures throughout the country
during the last seven days number POS, as
compared with a total of $50 last week
For the corresponding week of last year
the figures were 2lS.