The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-08-09
TRADE AND COMMERCE.
pun,a weekly Trade Review


NEW YORK, Aug. S.-R. G. Dun &
Company's weekly review of trade
tomorrow will say:
An important change in the state of
business is at hand. Congress will
act on the tariff question one way or
the 9th in all probability within q
week. If it passes the pending bill,
or if it fails. in either case the definite
basis tor future business will enable
many to act who are now waiting.
Whether the one course or the other
will stimulate the increase, it is Ger.
tain that either would give relief from
present pAralyzlng uncertainties and
cause some increase in business, at
least for time. So much business
has been deferred during the past
year and merchandise stocks have
been so reduced that the mere APP
proach of a decision without the GER
tainty what it will do has this week
encouraged large preparation for in
creases.
In spite of outgoing gold and sink
ing treasury reserves, small railroad
earnings, some injury 10 crops and in
creased trouble IN the coke regions,
the tone and the outlook are more
hopeful. The injury to'crops by hot
winds and drouth, as great as some
report, will affect all interests, but at
this season it is never easy to distin>
guish between local and general deal
ing. Western receipts OF wheat were
500, 254 bushels against 4 ,002, 696 last
wear, which does not encourage
notions of q short yield, and exports
were only 1899 1858 bushels from the
Atlantic ports against 3,lS5, AGA last
year. Corn exports were only lis, 43S
bushels against 500, 7S1 last year and
receipts 1852, S43 against 1852, 976, but
it seems undeniable that the crop has
sustained considerable injury.
Cotton declined 1.8c with CONNER
oial estimates of q yield exceeding
s, 800, 600 bales.
sales OF wool were 1922 600 pounds
against 8 ,742, 05O pounds last year and
0,336, 400 pounds the year before, and
tor five weeks ending with July were
pounds last year and IS, 1856, $50 pounds
in 1892.
What seems a large part of the
sales this week were to fill orders ac-
tuallv booked, and the rush of belated
clothiers and dealers to get goods for
the fall trade gives most manufacture
ers more than they can do for month
or two, though there seems to be no
demand whatever for spring goods
and manufacturers are making no
effort to get orders. Wool has been
advanced for many kinds cent and
the average 1-2c after the decline of
| l &c from May l.
Recovery in the iron manufacture
is hindered by greater trouble in the
coke region, where many of the new
colored hands have quit and gone
back to the south and the strikers
have decided to continue the struggle.
| Somewhat better business appears at
Philadelphia, but the market here is
dull; there is no Improvement in
quantities of manufactured forms re-
quired at Pittsburg OF the West, and
in general demand for finished pro-
ducts is disappointing. Prices
T0Iudlu u0dIly uhOhohS ONi ehOub IL
with numerous small contracts tor
structural work beams are a shade
stronger, while bessemer iron, bar
iron and wire nails are shade weak
or. The demand crowds all works
producing low priced shoes, while
manufacturers of better grades are
left dependent upon slender daily or
ders to keep their shops in operation.
Shipments from Boston for the week
are % per cent larger than last year
and for July IL per cent, but de-
crease compared with 1892 of IL per
cent.
Commercial liabilities thus far re.
ported in failures during July
amounts to 50, 06l, 1888, Of which $4 $780,
900 were of manufacturing and $4 oil.
40 of trading concerns, and the de-
crease for the month, though great in
comparison with last year, is hardly
as much az has been expected. The
failures this week have been 2l9 in
the United States against 436 last year
and A in Canada against 81 last year.