The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1891-07-02
DECLINED TO ADVANCE.
THE EDUCATION BILL.
WEEKLY TRADE REVIEW.

| CONDITION OF BUSINESS AND TRADE
THROUGHOUT THE COUNTRY.
NEW YORK, June 26. R. g. Dun "
Cos. Weekly Review of Trade will
say:
Signs of improvement in business
grows more frequent and distinct,
though there is nothing like a radical
change as yet. The situation which
has prevailed during the year gives
way, but slowly, to increased conf
dence, more slowly because of a few
failures in woolens at Philadelphia,
and in leathe, and shoes in the East.
Yet the soundness of the commercial
situation is generally recognized, and
the hesitation which remains is rightly
attributed mainly TO uncertainties re.
garding the demand for gold from
Europe, and the financial situation
there.
Hence dispatches announcing a set
tlement of the difficulties which have
been hanging over the London mar
ket, and which were supposed to of.
feet one or more houses having larger
interests in the country, are regarded
with satisfaction, while gold continues
to leave England for Russia. The
banking institutions of Western Eu-
rope are well supplied, and in this
country the treasury disbursements
have been enormous.
Reports from other cities are, on the
whole, more encouraging than a week
ago. The failures gave surprise at
Boston and destroy confidence.
At st. Louis trade was checked
some during the week by heavy rains,
but an active demand appears for
staples with good business in shoes,
paints and oils, and crop prospects all
that could be desired. A slight i'm
provement is seen at Denver with
crops never better.
Southern reports are less encourag-
| ing. At Little Rock money is tight
At Memphis there is no appreciable
improvement, and trade is quiet al
|
prospect is bright and steady, exceed
ing last year.
| At Jacksonville the speculative mar
kets have declined in almost every di
rection but without panic or excite
ment. The transactions have beer
relatively larger in cotton than in any
other, amounting to 100000 bales witt
a fall of only 16 to 3 Sc for spot.
+, Wheat declined / 7-Sc with sales O
24,000,000 bushels, the fall being re
sisted by reports of damage done b.
) storms, and also large demand.
Gold exports continue, not only be
cause there is a large excess of mel
chandise imports over exports, but be
cause the financial troubles in Europ
have forced large sales of American
securities, which are now being de
livered. The state of foreign trade i
% little more favorable than it was
year ago, the merchandise reports a
New York being 43 per cent larger
siderable decrease.
Corn has declined 4c and oat
4c, pork SOC per barrel and lard an
hogs a fraction each. The yielding
prices for wool encourage large con
sumption, and though sales are a
present small prices of most grades ar
: fairly well held. The manufacturer
/ distinctly encouraged by larger sale
than was usually seen at this season @
many kinds Of products
Money continues to return in larg
volume from the interior, and tn
market here is we'll supplied. TIL
business failures occurring during tn
week number 234 as compared with
total of 253 last week. For the col
responding week last year, 202.