The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-09-20

ldlTly W6ll IhC
total equaling 2,S79,000 bushels, con~
trasted with 3,037, 900 last week, $751;
700 IL the second week of September
last year, 3,3S4.000 in the week two
years ago ana with 6,974,000 in the
week three years ago.
There were 232 business failures res
ported throughout the United States
this week, 800 last week, 300 in the
same week last year and 143 two years
ago in the week in 1891.
Montreal reports an Improvement in
business with an increased number of
orders, though smaller totals. The
loutlook in Quebec is for better move.
ment than anticipated. The Toronto
industrial display explains the condi-
ton of trade there and feeling of
confidence is prevalent.
Dun's Weekly Trade Review.
NEW YORK, Sept. AR. G. Dun &
Co.'s. weekly review of trade will say:
Business has met no setback this
week and continues larger than
earlier in August and larger than a
year ago directly after the panic. The
country has now passed nearly three
weeks under the new tariff and all
admit that changes have been of less
Importance as yet than was expected.
If some branches of business have
materially increased it has gained
little or has fallen off in others. The
loss in some directions is explained by
crop reports for the most favorable
estimate of experts put the loss of
corn at about 400, 100000, whereas the
government report is by some inter-
pTeted as meaning loss of 100000
bushels. The opinion of the trade
does not favor the official estimate and
the price has not risen at all during
the week, though receipts have been
very small, exports have practically
ceased, and all realize that the shrink.
age of 400,000,000 is seIious, if it
proves to be no greater it must affect
prices of meal for year or more.
Pork is unchanged, but lard has
risen 30 per cent 100 pounds. Nor
are official reports encouraging
as to wheat. Western receipts
in two weeks have been 11,420,600
bushels against 1854, 761 last year,
and at Atlanta exports 2,074, 459
against 5,106,562 last year, and the
price is &c lower. Considerable in
jury is officially reported to cotton but
few expect less than 100000 bales,
which is more than enough, and the
price is 1.16e lower. This great in
crease in corn production which fol-
lowed the removal of certain difficult
ks1n e hpy mi ry sNf
furnaces in blast Sept. l, namely, l5l,-
900 tons against lis, 1855, Aug. l, and
the unsold stock also de.
creased $4,000 during the month.
The output approaches 80 per
cent of a full production
but the consumption may be less ss
the main increase in output was near
the end of August, and the prices
have since weakened little. BESSIE
mer iron at Pittsburg is $1l.40, willis
gray forge sells at SO 95. Barbed wire
Is a shade weaker, but other prices
unchanged. Lead is depressed by
foreign offers at 9.2c. Shipments of
shoes from Boston in two weeks have
been les, 9l5 cases, against los, $50 last
year, and in low priced goods the
market has not been as bare for years,
while purchases from stocks or for
quick delivery reflect depletion of
stocks and consuming demands.
Less activity is seen in dry goods,
the rush in postponed buying having
abated because London wool sales are
expected to make the outlook clearer.
Strikes in cotton mills have ceased
and stocks of print cloths shrink rap
idly, but there is some question
whether recent advances in prices can
be maintained with important adGi-
tions to the present force. There is
still fair business for September de.
livery in wooden goods and the poorer
grades of spring goods, but scarcely
anything is done in the finer grades.
About halt the usual business In the
aggregate has been done it is esti-
mated, but about three-fourths of it
in the cheaper grades.
Sales of wool have been 8,225, 2O00
pounds in two weeks, against 5,647,-
900 last year and 1923, 800 in 1892.
The markets are easier and less &C
tive.
Failures in the first week ofSeptem-
Der as yet reported show liabilities of
only ST. ,430, 070, of which $415, 120 were
of manufacturing and 1913 ,45O of trad
ing concerns; the aggregate of failures
reported for August is SlO,627, 513.
This week the failures have been 2O7
in the United States, against 3l4 last
year, ard A In Canada, against p last
year.
COTTON