The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-12-07
WEEKLY TRADE REVIEW.
r. G. Dun & Co. on the Condition Of the
Business Of the Country.

puoInCoo Va bho SVAAoJ'
NEW YORK, Dec. 1.-Dun's Weekly
Review says: 1t can not be said that
during the week business has grown
better or worse. For some days a
gain in demand and transactions
which have been previously noticed
evidently continued. But afterwards
tariff uncertainties were thought to
affect some branches of business, and
whatever causes the state of trade is
less clear.
Money everywhere is abundant,
with rates comparatively lower and
commercial demand remarkably small,
while demand for speculative uses APP
pears to he increasing, but not as
much as expected.
Changes for last week show decrease
of 1865 per cent compared with last
year in part because the week covers
only five business days against six
last year. For two weeks covering
same working days the decrease has
been 1913 per cent Railroad earnings
last week of November show larger
decrease than for either of the pre-
ceding weeks, but in freight traffic
alone business about same as for first
half of month.
Wheat slightly stronger, Western
receipts being considerably smaller
than in recent weeks. though exports
are also remarkably small. Corn I'M
changed in price with heavy Western
receipts and large exports. Pork and
hog products practically unchanged, as
we'll as oil. Cotton a shade lower, as
receipts from plantations continue to
exceed those of asst year.
In spite of every positive estime tie OF
short yield and average of guesses by
operators in New Orleans, the eX-
change is over 100000 bales greater
than government estimates. Stocks of
Americon cotton in sight are so, large
they retard any rise in prices.
At the present the iron industry
shows no gain on the whole, with the
demand for pig iron not urgent and
Bessemer iron little lower at Pittsburg,
with no sales of rails at combination
price and with slightly lower process
for some finished products and rather
scant demand for any. 1t is question
ployed is larger than week ago.
Cotton manufacturers enjoy a de-
cided Improvement because the market
is in actual need of more goods, but
there is hardly any q1otable change
in prices. Sales of wool are again
larger than for the same week last
year. Some transactions are said to,
be speculative ia their nature, being
~, tba fhonry thot vubo
may happen later necessities of the
country will compel larger consump-
ton of wool within the next few
months.
In boots and shoes no increase in
working force is seen and while east
ern shipments are only about 8 per
cent less than year ago a greater por-
ton of the works have orders for only
part of their capacity. Apparently the
country is paying off with its surplus
and product loans amounting to many
millions which were effected IN Europe
to avert great disaster last summer.
Hence the condition of the treasury
commands attention with it's total cash
reserve down to $4,000, 900 and availa
BILE gold only $82, 100000.
Failures during the past week were 279
against 239 same week last year, and in
Canada 4S against 33 last year. Only
four of the weeks failures were OF liza
bilities exceeding 100000 Returns of
liabilities for the proceeding week show
large increase compared with the
previous week and after deducting the
large failure at Denver of the street
railway the increase in all sections is
heavy and the aggregate Of liabilities
nearly double that of the preceding
one.