The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-10-04
TRADE AND COMMERCE
Bradstrest,s Tradn Rauis,u

mas oeen quite active, and in thu
course of prices failing to show any
upward movement in this line and the
check to business South, together vito
damage TO the rice and orange crops
Leading jObbers at Distributing
points Tor month past have reported
relatively most favorably concerning
the course OF business. Baltimore,
st. Louis, Nashville and Chicago send
modified ad vices as to the activity and
the bright outlook. Wheat has reach
ed another Lowest price" and Indian
corn and oats have both declined.
Sugar and coffee record lower figures
and another lowest price for cotton
has had an unfavorable influence on
the tone OF business in the Southern
markets, particularly in view of ac-
tivlty ON receipts of that staple.
Bessemer pig iron sales show q loss
OF 25c, and Steel billets almost as much.
Standard brands of forge iron West
and South show like depresslons and
the trade admits that production has
exceeded consumption. The conspicu
ously irregular price is for lumber, 1t
being fairly active, but low at Minne-
apolls and sitter at st. Louis in con.
trRst with advices from Chicago and
elsewhere. Leather is fairly firm and
in distribution, dry goods, and mil
linery and notions lead.
Exports for wheat flour as wheat)
both coasts, United States and Canada,
this week, have fallen off some,
amounting to 2,056, 900 bushels, against
3 537, OOOs bushel last week, and 8, 400
900 bushels in the year a week ago.
Two years ago the total was 1861 900,
three years ago 3,405,000, and four
years ago 1893, 900 bushels.
London wool sales have proved dis
appointing to those who predicted or
anticipated heavy purchases for the
American market and rapid advance
IN prices. On this side quotations are
off l cent, tleeces particularly being
weak. There is better trade in the
territories and Australia. Distribu>
tion OF dry goods from eastern points
has declined on the slackening of fall
demand. Little confidence is placed
by buyers in the higher prices for
cotton due to strikes of operatives.
Domestic wool and manufacturers
report an active present business, but
little in sight for spring with compe-
tition keen between foreign and do.
nestle manufactured woolens. Gem
eral trade is quiet at Boston in all
lines, but Baltimore jObbers are adj
vised by travelling statesmen of q fair
business. Philadelphia manufacturers
Of cotton and wool dress goods are
well employed, but orders for dry
goods and groceries have fallen off.
At Pittsburg the volume of business
Is fair, but prices tepd lower and there
Is less request for iron and steel.
Trade reports from leading uenters
in the dominion of Canada tell OF trade
improvement. Jobbers at Toronto re-
polt business equal to expectations
particularly in dry goods and hard
ware.
Dun's Weekly Trade Review
New YORK, Sept, 28.-R. g. Dun IL
Co.'s weekly review OF trade tomorrow
will say:
Special inquiry has been made this
week at all commercial centers re-
garding the state of retail trade.
Wide diversity appears in different
trades. The main facts disclosed are,
first, marked improvement within the
past month and considerable excess
over the business done a year ago,
particularly in the necessaries of life.
But, second, it appears that the vol.
ume of trade at present is on the
whole considerably less than in a nor
NAL year. AT most points and in the
more important trade centers it is APP
parentIy about 20 per cent smaller
than in september, 1892. Evidence Of
continued Improvement in wholesale
trade and manufactures does not ap-
pear this week. There is large dis
tribution on orders given some time
ago, but low business going to the
manufacturers ID everywhere slack
ened. The competition of orders for
replenishment Of stocks leaves a nar-
rover demand, and it is yet early for
consumption to provide further orders.
The depression in prices of farm prod
ucts will have some influence.
- Unprecedented records have been
made in cotton and wheat, though as
to wheat only in contracts for future
delivery in which the prices are the
lowest ever made The available
stocks are about 100000 bushels
greater than year ago and western
receipts for the week were 5 500 ,725
bushels against g. 1911, 034 last year and
since Aug. /, 81 100000, against
38,0O0 900 last year. The Atlantic ex-
ports for the week has since August
been about q third smaller than last
year but the fall in prices during the
week has been 81 rs Cotton on the
spot lower at 6 A than at any other
time since l849, and quotations then
did not mean what they do now, while
the nearest option has oeen quoted at
6 .04 cents, which Is below all previous
records. Even at the close the fall for
the week is Ia.
An estimate of $500, 600 bales mini
mum this year has influenced the
market but would receive less atten-
ton If stocks on sale were not
heavy, while all agree that this
crop is likely to exceed the
worlds requirements of American
cotton. 1t is encouraging that the
speculation in corn has broken
and the price has fallen cents less,
too many estimates than those of the
dept having gained general cIedence.
II is now supposed that the yield is
r.. r.o.~. / mn n0n b1abalo