The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-07-26
TRADE AND COMMERCE.
pup,s Weekly Trade Review


NEW YORK, July 20.-R. G. Dun d
Company's weekly review OF trade
will say tomorrow:
The effects of the two great strikes
have not yet entirely worn off and
meanwhile disagreement between the
two houses of congress has made tariff
uncertainties mare distinct and i'm
pressive. 1t follows that customary
tests of the condition of business are
less instructive than usual. The finan-
cial situation is somewhat less favora-
BILE because of the exports of gold have
been resumed and are $3,900,0O0 for
the week, but treasury receipts have
been $2,204,39l for customs against
SO, 951, 574 last year and S7,474, 563 in
internal revenue against 2,979, 5S1 last
year. The extraordinary payments
to anticipate the increase of taxation
on whisky are rapidly locking up
large amount of capital and
taking from the government part
of the expected increase of revenue
while the current loss in custom re-
ceipts is largely due to the postpon-
ment of imports in expectation of low
er duties hereafter. Thus the treas
ury has been gaining in balance al
though at the expense of some loss in
revenue hereafter. With railroads
generally blocked in the wheat de.
livering districts, it is satisfactory in
dication that the western receipts are
about 2.3 of last years, 2,271, 514 BUSH
els against 3,027379 a year ago, while
the exports from Atlantic ports are in
significant, only 672, 400 bushels against
2,S69, 672 last year. The enormous
visible supply have less
that the prevalent conviction that
government estimates of yield are
widely erroneous. Corn has advanced
a shade, with no satisfactory reason
for the rise, and prospect is excellent
for large yield. A great speculation
in oats has begun to liquidate with the
customary losses to the wise men who
knew all about it. Cotton has de-
clined a fraction. and all indications
still point to material increase OF
yield. Although there was an increase
during the month of June of nearly a
third in the weekly production of pig
iron and the consumption in the mans
ufacture was nearly 10000 tons per
week greater than the output of fur
naces, it is questionable whether any
further improvement has yet occur
red. Many of the Western mills were
stopped because of the blockade of
railroads cutting of their supply of
fuel and have not since ventured to
resume. Others west of Pittsburg
have been in active business. The
coke strike continues and the produc
ton scarcely suffices for the ends of
the works near at hand. Behind all
other endorsements there is a re-
markable narrowness of demand for
finished products, In steel rails the
statement she WIS deliveries OF only s.
100000 tons for the first half of 1894
against 571 1854 ton for the first half OF
last year. The most hopeful sign not
ed this week is that failures contain
comparatively few and not very i'm
portanJ. The aggregate of liabilities
for the IL days ending July 20 was
$3.50, 1906 of which $1,009,S67 was of
manufacturing and 81 ,44S,2O4 of trad
ing concerns which is decidedly below
the average for the past half year.
The failures this week are 236 in the
United States against 437 last Year
and A in Canada against 25 last year.