Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-01
TRADE REVIEW.
r. G. Dun & Cos. Review of
the Past and Future.
BUSINESS DRAGGING AND DULL
Very General and Growing Confidence
That the Falls Business VIII be
Large and Profitable--Tbe
Weeks Failures.

NEW YORK, July 3l.-R. G. Dun & Cos.
weekly review of trade will say: Business
continues dragging and dull. in CONNER
cial circles there seems to be 3 very general
and growing confidence that 'zsinesS of the
fall will be large and profitable, and some
Improvement IS seen. but not enough as yet
to justify Sanguine views. Trade in the
South is peculiarly depressed because there
IS too much bottom Again III parts of
the West, where crops failed last year,
trade has not yet recovered from
the great depression resulting, and as long
as the corn crop is in doubt complete re-
covery is not TO be expected. In several
states legislation hostile to capital causes
much disturbance. Further collapse of real
estate speculation III many parts of the
West and South has brought severe losses
and embarrassments to many. At the East
monetary uncertainties have powerful in-
tiuence. European difficulties do not pass
as quickly or fully as was expected,
and now serious financial trouble is
apprehended in Russia because of the fail
ure of crops, which will only help this
country in the end. There is a growing
douot whether the movement of crops here
will not cause temporary drain greater
than the Eastern money markets can meet,
but II the grain can be sold gold will come
One large financial institution has bought
English cOnsuis to considerable amount,
and leading trust company is said to have
S4,0O0000 of its deposits in gold
Though no gold has been exported, the out
90 of currency to the West and South is
felt here ana at Boston. Money is close at
Buffalo and Cleveland, in active demand at
Chicago, Cincinnati and Detroit, firmer at
: to per cent at St. Louis, in good supply
for legitimate business at Milwaukee,
Omaha, Nashville and Atlanta, tight at
Jacksonville, but easier at Savannah,
fair ut
The distribution of goods is
large scale at St. Louis, and at Southern
points business is dull or only fair. though
curiously improved at one or two localities
because OF injury to cotton by heavy rains
Great Industries show no important change
for the week, though it must DE said that
disheartenment in the woolen-goods trade
that sales are not equal to last
years. though trade was dragging then.
Much Of the trouble is attributed
to excessive credit in the clothing trade. In
boots and shoes there is continued improve
ment. The coal trade is still depressed by
excessive production, the output exceeding
last years to date by 100000 tons. Cop
per is still depressed by the apathy of home
consumption, and there is very little trade
III lead, while spectators have lifted and
again depressed price of tin. Philadelphia
describes the iron market as frightfully
dull and SALES to realize are made at prices
considerably below quotations. Structural
mills are well supplied for the present, and
bar iron is steady, though the poverty of
railroads makes the demand irree ular, and
buyers refrain from taking rails, and lower
grades of pig iron is offered here below quo
tationS.
The market for breadstufs has
been strengthened by reports of
injury to crops in Russia,
and wheat has risen 1Izc and corn &c,
while no change appears in cotton. The
price OF oil has fallen over so cents for the
week. but pork products are a shade
stronger
Business failures occurring throughout
the country during the last seven days
number pa, as compared with total OF
254 last week For the corresponding week
last year the figures were 1879.