Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-08
DUN'S REPORT.
A Feeling of Confidence Con-
stantly Increasing.
EXPORTS EXCEED IMPORTS.
A Better Trade in Wooden Goods-The
Wheat Crop Placed at 5S5, 100000
Bushels, With zoe, 100000
Bushels to Export.
CONFIDENCE INCREASES

! NEW YORK. Aug. 7.-R @. Dun & Co. S
| weekly report OF trade Will say: With bust
ness in many lines disappointingly dull, the
! feeling OF confidence nevertheless distinctly
increases. The belief increases that the
! country will be able TO sell such vast guam
draw 50 heavily upon foreign
! supplies of capital that all home industries
! will be greatly stimulated.
| Monetary difficulties are still in the fut-
ure, for, though at some suburban points
money is tight, supplies at Western centers
are adequate for legitimate business, and
| mere speculation gets less help than usual.
Depression in come great indus
tries continues, and ii is real,
but may be traced to causes
obviously not permanent. Thus iron man
ufacture is much set back by inability of
the railroads to make purchases because
they fail to negotiate securities. Cotton man
ufacture is retarded by the extraordinary
fall in the price of cotton ana consequent
losses on goods made from material pur-
chased early in the past year, still cotton
goods find fairly large demand at some re-
duction in price. Most goods are moving
freely.
Wool manufacture is distinctly improv-
ing. In mems wear goods there is more en-
enlargement, and many Western buyers
now here learn from home advices that
goods are selling more freely. Spring or
derS ara still short of the usual business of
last year. Clothiers bought too much of
cheap, low grade goods. in dress goods
fair commission business is seen, domestic
products largely taking the place of foreign.
Reports from other cities reflect growing
confidence in the future.
AT Western points crop prospects are al
most everywhere mentioned as unsurpassed.
and ut St. Louis the demand for money
Il ON the interior grows more pressing and
commercial borrowers are held closely to
their needs. AT Minneapolis and St Paul,
Omaha and Kansas City, trade is generally
good. At Louisville and Nash
vile it is improving and at Montgomery
the demand for goods is fair
but credit is very conservative.
while AT Memphis and Savannah reports OF
trade are less favorable, and at Jackson
vile business is very dull.
Unfavorable weather has strengthened
cotton at New Orleans, and the demand for
sugar is good, with rice strong and money
in good demand, but with supplies
ample for Legitimate trade. Prices
of commodities are going down and
for the first time this year the gem
eral level is lower than u year ago,
having declined y per cent last week.
Wheat has fallen &c in spite of exports
greatly exceeding last years, and the cnor-
nous Western receipts make the constantly
repeated assertion, that the Alliance can
hold back wheat, appear ridiculous. West
ern estimates, not usually extreme, now al
low from 5S5, 100000 bushels and upward
for the crop. while even more moderate
Eastern estimates make it 200, 100000
bushels for export. Corn is 1l5c lower.
pork products fraction lower. coffee |. c
and oil lc lower. Financial prospects have
not changed, and though money on call is
cheap, commercial loans are made with
caution. Large failures have occurred, but
none threatening financial disturbances.
The tone abroad is less strained, and the
Bank of France mas gained gold largely,
but pressure in Europe must
result if the need for breadstuff is as large
as supposed. Foreign imports of merchan-
disc is New York falls 10 per cent short Of
last year, while exports argely increase.
The demand for money to move crops be-
gins to be felt by many banks.
Business failures occurring throughout
the country during the past seven days
23l as compared with total of
2+7 last week. For the corresponding week
of last year the figures were EOS.