The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-08-16
TRADE AND COMMERCE.
Bradstrsst's Weekly Review of Trade.

Bradstreet's Weekly Review OF Trade.
NEW YORK, Aug. l0.-BradstreetE
tomorrow will say:
Evidence continues to accumulate
that the earlier portion OF July wit
messed the lowest point in the ebb OF
the commercial tide in the reaction
after the moderate revival in the
spring. The practical cessation OF
various industrial disturbances of the
year has emphasized the tendency to
improvement reported by telegraph
from leading manufacturing and COM
mercial centers this week. Further
tendency to improvement is shown in
the weeks advance of 80 cents per ton
for steel billets, and in TACT that do.
mestic wool marKets today were more
favorable to the seller than they have
been tor year, and that wool ID firm
at 2 cents advance, scored In the last
week. Refined sugar is 1-oc higher,
possibly for reasons not directly
connected with questions of demand
and supply, bit prices OF pig iron at
81. Louis are higher, and for cot on
are l.l6C up on reports OF damage to
the crop and the improved feeling in
commercial circles south. Leaf to-
baCco and LEAF her are both firm, with
an active demand, the tendency of
prices being upward, and the recent
destruction of lumber by fire at Chi.
cage has steadied quotations.
Panic and unreasOning speculative
interests in Indian corn has put up
the price nearly s cents q bushel this
week, about 25c above low water
mark for the year, Bradstreet's tele-
grams from those in a position to
know as much as can be learned in
the great corn growing states are at
variance with more sensational dis.
patches bearing an damage to corn,
and indicate that most OF the
extreme bull views as to that staple
are exaggerated, the increased corn
acreage south and west pointing to a
probable crop as large as either of the
two preceding years, in each oiw hich
the outturn was not more than per
cent below the average for nine years
past.
Wheat has jumped 2 5 Sc, broke in
sympathy in corn and oats l 4c.
While hay is no higher in New York,
it and other feed stutfs have advanced
brlskly because of the alleged scarcity
of corn. This has supplied the horse
and cattle markets with inferior stock
resulting in depression in quotations,
Lard has advanced sharply, the de-
mand abroad and at home having ex-
papded nUtlceab'y. American and
European total available sup
plies of wheat decreased AGO.
900 net during July, against
a decrease of only 100000
bushels in July year ago. and 674,'
600 bushels in July, 1892, Last
months sharp falling off in the
worlds stock is due to an unusually
heavy July decrease in European
supplies and those afloat, therefore
because stocks at home Increased ex'
cept July last month.
Exports of wheat, United States
and Canada, both coasts, this week
aggregate 3,4l7,000 bushels, against
2,977 900 bushels last week and 5,0lS,.
900 bushels in the week a year ago,
4, 14S,O00 buihels in the week two
years ago, 5,l47, 900 bushels in the
week three years ago, and 1,993, 900 in
the week four years ago. There has
been slight increase in some depart.
ments of business at Montreal, but
these are exceptions and collections
are slower than usual. The half
years. trade there indicates that many
have barely held their ow eral
trade at Toronto is quiet.