The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-06-14
TRADE AND COMMERCE.
Dun's Review Of Trade.

NEW YORK, June S.-R. G. Dun &
Co.'s Weekly Review of Trade says:
The outlook for business seems little
better on the whole, though the inn
proyement is not great. Moreover it
isimpossible to distinguish between
mere replacement of orders Cancelled
for want of fuel or other causes, and
the new business for which works
are anxiously looking. 1t is some-
what encouraging tnat the decrease
in payments through clearing house
is but 24.3 per cont for the first week
Of June, 27.2 at New York, but only
1914 elsewhere. The decrease in COM
parison with 1892 ia about 80 per cent
Railroad tonnage is larger than year
ago in live stock and moderate in ce.
reals, but considerably smaller in coal
and iron products and in other manu-
featured goods west bound.
Speculation in products has urned
toward higher prices and wheat has
risen &c with an official state report of
injury in Kansas, which is high
favored. even for Farmers Alliances.
The actual receipts at Western p
have been All ,0S2 bushels, against
2,34S, 391 last year and the Atlantic ex-
ports only 9l4,30S against 2,253 1855
last year, Corn rose 1-4c, partly in
mere sympathy but with more sub
stantial accounts of injury, the Vest
hnx ham 9 2RR 1HQ
bushels against 3,545,29 last year.
Pork products and coffee are I'M
changed, and cotton is steady at 1877
with slender receipts, in spite of the
decline in exports and visible stocks
here and in Europe amounting to 81
AL bales against 2,7746O7 last
year, more than enough to supply
the worlds requirements for four
monthe. According to the estimate
of the financial chronicle the acreage
this year increased GOO or OF per
cent indicating q large crop wi tn
favorable weather.
With only 2907 coke ovens working
and 14,576 idle, with the Cambria dis
charging half its force, and seven out
of nine Of the Carnegie furnaces at
Bessemer out of blast. The produc-
tion and future of iron and steel are
smaller than at any other time for
years. While it is believed that de-
ferred work will cause heavy produc-
ton after the strike terminates, the
demand Tor products is at present
much below general expectations even
at the least.
Other industries have been less
affected, but many OF the textile mills
even in New England have
now been closed for the lack
of fuel, or of orders, besides
other concerns in great number
between the A Atlantic coast and Miss
sissippi river. A report that the cot
ton mills have this year produced
within per cent of their full capacity
does not correspond with the known
takings of spinners, but if true, indi-
Gates production far in advance OF
the demand for consumption. The
market for goods is dull and weak
with further reduction in prices an6
stocks vsibly accommodating. Sales OF
wool in the last five weeks have been
SIG 949496 pounds at three chief mar
kets, against 12,S75,000 last year and
&c, 795, $50 in the same weeks of 1892.
Manufacturers are greatly embar.
rassed by scantiness OF orde's and 1t
is apprehended that quantities OF
goods made abroad in expectation OF
a reduction of duties before this time
may be forced upon the market. $3.50,
The returns of the failures are still
encouraging, 216 in the United states
against 332 last year, end 40 in Cana
ca against % last year. The liablil-
ties in all failures reported in the
month of May was $13, s25, 942 OF the
aggregate S., 1852, 225 was of manufact'
uring and $6,6SS ,4S5 of trading con"