Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-27
BRIGHTER OUTLOOK.
The Country's Trade, Past,
Present and Future, as
REVIEWED BY DUN'S AGENCY.
Signs of Improvement in Business are
Everywhere More Distinct-Fail-
ures for the Past Week
Show q Decrease.

NEW YORK, June 26.-R. G. Dun & Co.'S
weekly review of trade will say: The
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 con-
tidence, more slowly because of few fail
ures in woolens at Philadelphia and in
leather 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 regarding the demand for
gold from Europe and the financial situa-
ton there. Hence, dispatches announcing
the settlement of difficulties which have
been hanging over the London market and
which were supposed to affect one or more
houses having large interests in the
country are regarded with satisfaction.
While gold continues to leave England for
Russia, the banking institutions of Western
Europe are well supplied, and in this coun-
enormous.
Reports from other cities are on the
whole more encouraging than a week ago.
A failure gave surprise at Boston and de-
layed 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
could be desired. A slight Improvement is
seen at Denver, with crops never better.
Southern reports are less encouraging. AT
Little Rock money is tight. At Memphis
there is no appreciate improvement, and
trade is quiet at New Orleans. At Savan-
nah though, the prospect is bright and
steady, exceeding last years. AT Jackson
vile the speculative markets have declined
in almost every direction, but without panic
or excitement; the transactions have been
relatively larger in common than in any
other. amounting to 100000 bales, with a
fall of only 1-l6c to Sssc for spot.
Wheat declined g cents, with sales of
"a, 600, 900 bushels, the fall being resisted by
reports of damage done by storms, and also
large reported demands. Corn has declined
81 cents and oats AZ cents, pork so cents
per barrel and lard and hogs a fraction
each. The yielding prices for wool encour-
age large consumption, and though sales are
at present small, prices of most grades are
fairly well held. Manufacturers are dis
tinctly encouraged by larger sales than are
usually seen at this season of many kinds
of products. Gold exports continue, not
only because there is a large excess of mer-
chandise imports over exports, but because
financial troubles in Europe have forced
large sales of American securities, which
are now being delivered. The state of the
foreign trade is little more favorable than
it was year ago, merchandise exports at
New York for the three weeks being 4.3
per cent larger, while in imports here there
is considerable decrease. Money continues
to return in large volume from the interior,
and the market here is well supplied.
The business failures occurring during
the last week number 234, as compared with
a total of 253 last week. For the CORE
spending week last year, 2O2.