Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-03-12
OPTIMISTIC.
This is the Tenor of Dun's
Weekly Review of Trade.
THE REVIVAL IN THE SOUTH
Is Becoming General-The Wool Trade
Active-Cotton Lowest Ever Known
The Largest Iron Output on Record
The New Orleans Sugar Market

NEW YoRk, March 11.-R. G. Dun &
Co. IS weekly review says:
The distribution of products is unques-
tionably improving. Transactions on the
whole are larger than year ago, IN spite
of the depression at the South, being very
much larger at the West Nor. IS
the improvement confined to that section.
Though general there, it Is also more dis
tinctly felt in Eastern cities, and there are
not wanting signs that trade
in the South although much
embarrassed by the low price
of cotton is steadily gaining. With all the
great industries active, and money abund-
ant in spite of the gold exports, and specu-
lation kept in wholesome check, the out
look would seem to be unusually 1avora-
bic notwithstanding the general COM
plants that prices are low and the
margins of profit unusually small. Iron
has been a dismal failure, but instead OF
decrease, the weekly output shows large
increase On March 10 1t was the largest
ever known. The trouble IN this industry
is that while sharp competition between
Northern and Southern producers puts
down prices, the competition has been
irregular: at some seasons extraordinary
but at others hesitating. The Southern
COMPANIES are trying to consolidate. Rails
are inactive; bar iron dull and plates
weaker In copper there is also an effort
to consolidate or combine among pro-
ducers. as vet with uncertain results.
Trade in tin has been small
and lead dull . The mining industries are
improving. While buyers do not speculate
and the tone is weaker, it is clear manu-
facturers are taking wool more largely. On
| the whole, more machinery is busy than a
wear ago, especially in cheviots, overcoat-
! iugs, cloakings and dress goods.
In knit goods buyers hesitate. The trade
| in cotton goods is largely in excess OF last
years sales, February showing big in
crease in every department. 1t is crafty
| ing that the notes of cheer come from the
| South. Louisville reports the largest sales
| of tobacco in the history of the trade
| and = general improvement, while business
| is fair but improving at Nashville and
| Memphis, and some improvement IS seen at
| New Orleans, where sugar is rising with
| an active demand and a better feeling IS
seen in cotton. Speculation in products Is
weak, wheat being 2$Ic lower and corr
| &c. Exports are falling much below those
| Of recent weeks. Oats and pork product:
unchanged. Oil is sc higher, coffee -
lower. y drop of sc in cotton puts the
price down to 9-16c, the lowest for years
wear, though the weeks exports have faleI
behind. All exports from New York show
decrease for the month thus far of about
per cent Though money is abundant, rate
on call have slightly advanced and the mar
ket for commercial loans is little stffer a
most of the Eastern cities. The business
failures occurring throughout the countr,
| during the last seven days number 256
compared with total of 30 last week. Fo
the corresponding week of last year the tig
ures were 213.