The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-04-04
DUN'S REVIEW.

New York, March Or. G. Dun's
Weekly Review of Trade will say tomor-
row:
Signs Of improvement are all the more
satisfactory because they are accom-
panied, or apparently produced, by II
speculative craze. Dealings in stocks,
cotton and wheat are not divertlnS all
the interest and capital from productive
industries and legitimate trade, though
the products are all shade stronger. But
railroad earnings, bank clearings and in
4ustrials indicate more encouraging out
look this week. 1t is a remarkable fea-
turc that the lifting this year begins at
the bottom, 50 to speak, raw materials be
ing raised before there is any larger de-
,mand for the finished products, thing
NOT often done with success. Hides rose,
then leather, and then shoes; cotton rose
and afterwards some cotton goods; coke
WAS advanced, and afterwards besscmcr
pig.
In all these cases it is found that there
is n larger demand for consumption.
Higher wages for coke workers have been
followed by formal advance OF 4Oc III
the price of coke, and now Dessemer pig
has risen Soc ut Pittsburg and zoe NJ
Philadelphia. So far there IS no answer
ing increase in demand or i'll prices 1or
range is slightly lower than week ago.
The general belief is that dear materials
will kindle more buying of products. IL
~ a Sign of strength that an eastern mil
has secured, in competition with Brltlsn
makers who had an advantage OF SZ'oo
in frcights, the contracts for l2OuO TONS
of rails from California road and otner
contracts for about the same quantity
have been placed.
The tone of the dry goods market mas
been decidedly improved, though IL Goes
not appear yet that rail distribution has
corrnspondinCly increased. But stocks OF
retail dealers are light, and when they
feel that prices are bound to rise the &c
mand may grow rapidly.
In the wooden business CANCELLATIONS
an some lines have been startling, many
mills which supposed their whole pro
.1uct sold finding themselves in need or
customers. This seems to be mainly in
low grade goods and inferior quailty,
while offers of cheap foreign goods are
not 10 be overlooked. Quite large orders
have been taken by foreign agents ior
finer worsteds and woolens, and all the
way from the poorest shoddy to the hnest
goods the competition will doubtless be
sharp for more than one reason. Sales OF
the wool of the week have been quite
large, 29,S00 pounds against 4,Oio,zV9
last year, partly because a quantity held
for loan was forced to sale. But sales
in four weeks have been 19,546,2oV
pounds against 100000 last year, and
81, 314, 600 in 1892. .,
Cotton speculation reached halt with
the enormous realizing last week, and
sales have been n third smaller with no
advance. The season is really late and
there are solid reasons for reducing acre
age, factors and traders being able to
exert a powerful influence if they choose.
But the supply of cotton now in sight or
in SINNERS hands is over 100000 bales
more than the worlds requirements for
this year, with receipts for five months
yet 10 come.
Guesses about the condition of wheat
have varied widely this week and prices
are not much higher, the net advance be-
ing Lac. Atlantic exports, flour in
.cluded, have been 1891 ,091 bushels
against 1,446643 last year, and mean
while Western receipts for the month have
been 7,4T4,361 against 7,OS4,513 last
gear.
Corn is cent lower. while pork is Is
>cents per barrel and lard and hogs IL
sseuts per 100 pounds higher.