The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-06-07
TRADE AND COMMERCE.
nnn,a Rarisw Of Trade.

NEW YORK, June 1.-R. u. Dun q
Co.'s Weekly Review OF trace says
Iii sign OF cheering import thaV
Ia finished business represented ny
ciearings and railway tonnage, there
mas been less decrease since the strlke
began than might have been expected
Meanwhile the consequent Interrupt
ton of traffic and industry increases
The stoppage of iron furnaces between
the Allegheny mountains ana inc
Mississippi river has become complete
and greet number OF concerns man
ufactu"ing ron, and others requiring
soft coal or cOks forced 10 stop. Busl'
ness cannot increase in volume unoer
such circumstances, and yet pay
ments through all clearing houses lor
the week show a decrease of only 2Oo
per cent, compared with last year.
Though large number OF works
are idle, the demand for products Is
not what might be expected either In
volume or in urgency. The output OF
iron and steel has been suddenly ana
sharply reduced, but the reduced sup
ply seems about AS sufficient for the
demand as it was month ago, eX-
cept in Bessemer. Sales OF small lots
of bessemer pig at places as distant rs
West Troy and Duluth for transpor'
tation to the Carnegie works near
Pittsburgh dscloses how completely
stocks are exhausted, and sales LOT
delivery in July and August at Sll TO
$l1.15, u price 81 so higher than pre-
vailed few weeks ago, indicates be-
lief that the termination OF the strike
will net soon bring back the old
prices.
Shipments of boots and shoes for
the week and tor the past four weeks
are little larger than q yeOr ago, ana
there are orders JOr some staple pro
ducts to warrant work for some time
to come, but many factories are dls'
charging cutters or otherwise reduc-
ing hands because their orders do not
justify hope of running much longer
Sales OF wool at the three chlel
markets have been 1854, 600 pounds
for the week against 2,776,OOO last
week, about 100000 per week being
required from those markets for full
supply. Nsw fine territory and
Texas wool has sold at to 8 cents and
80 to 80 cents cleaned appears TO be
about the ruling price, but at Boston
demOrilizltiOn makes prices nominal.
Again the lowest price ever re-
corded has been made for cash wheat,
So cents at New York, againot % cents
year ago, while the average in May,
S02 was 80 cents and in April, 1891,
81 Is 10. Western receips are notur-
ally small, only 1858, S64 bushels for
the week, against 2,l0S, 900 last year,
but Atlantic exports we're only SO7 800
bushels AGAINST 2,2H 10 last year.
Corn IL stronger with exports about
one. half az large as a year
ago and the uniavOrable outlook
for oats results in higher price
Pork products are weak, with cOntin-
uing large receipts, cotton has varied
little, though receipts from planta-
tions have fallen off, for stocks in
sight are very large, new crop Tor
which prospects are decidedly good
is drawing near and the demand for
goods Is uncertain. Liabilities re-
ported in the failures for the fourth
week of May were 81, 503,0 COS, and for
four weeks ending May $ll ,39l ,042, OF
which $4,445, sos were of manufacture
ing and So, S06, S0l of trading concerns
Reports yet to come in may increase
the aggregate to $l4,OOO,OOO for the
month.
Failures this week have been 1873 in
the United States against 23S last
year, and q in Canada against u last
year. Only two failures, both bank
ing, are for 100000 or more.