Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-06-01
DuN's REVIEW.
Monetary Conditions Satisfactory
Failures for the Week.

New York. May SIR. @. Dun &
Co.'S. weekly review of trade which |
issues tomorrow will say:
More far reaching than any other
change during the past week really
warranted by facts, is the continued
rise in prices OF wheat and cotton.
Real scarcity OF either would effect all
business. Happily there is stin room
for hope that accounts of injury are
greatly exaggerated. although there
has been some evidence during the
week that both crops have suffered
more than at first appeared. Other
changes are almost all favorable nd
some highly encouraging. Labor troub-
les are clearly less threatening None
tary conditions are satisfactory and
the substantial Increase in the CONNER
cial demand is a good sign. Exchanges
through the clearing house have been
greatly influenced by speculation and
at this tlmo last year were cut down
by the coal strike and toward the end
of May, 1893, greatly reduced by bank
failures, but for the week exceeds last
years by 1910 per cent and falls only
6 per cent below those Of 1898, while
the daily averages for May Ia 26.Y per
cent larger than last year but IL per
cent than 1893. Wheat is largely sup
ported by public buying and the pur-
chasing orders from farming regions
are supposed TO indicate an opinion OF
the yield. Yet wheat comes forward
freely as 1t would not at current prices
II a short crop was assured and West
ern receipts for the month have been
5.g44.574 bushels against 5,525,S5S last
year
creased haste to buy abroad, exports
amounting in four weeks, -four includ-
ed, to 6,is3420 bushels against 97l6'-
[ 097 last year.
Cotton continues strong, because II Is
believed there will be much reduction
| i'm Weld per acre as well rs In acreage.
| No estimate based on definite informa-
| ton puts the decrease in acreage at
more than 1876 per cent, which with n
yield per acre to last years crop would
mean crop Of 100000 bales. Months
must pass before there can be any
thing definite as to the probable yield
ner acre unless widespread disaster
comes. The market has been acting as
~ the future were known. The adj
vance this week has been only l-lb anu
II is supposed the stronger spectators
have realized.
The manufacturers are doing We'll
though not all the machinery Is EN-
Moved. but the demand has been bet
Ter and there are occasional advances
in prices of goods. The manufacture
az iron is gaining rapidly and the
average OF prices which had fallen
February 1 70 54,1 per cent OF the price
in october. 1890 has now risen TO 5sl
per cent most of the advance having
been in May. ,,,, a.
Beasemer pig has been lifted to
s1l. 65 and grey forge to *l.4o. aithoush
by the growing demand tank steel
plates are IS per ton higher AT fhll'
adelphia and nail producers have com,
bIned, raising wire nails TO H.15 and
ont nails TO 81 by car loads at Pitts
burg. The structural demand Is very
large. and while the buying. In OF other
conseryatiye. great confidence prevails
mat prices will hereafter advance ma.
ternlly. II is believed that the wag'
question will be settled at Pittspurt
this year without any strike.
have been 251 in the United State'
AGAINST lSs last year and ~ In can
ada against % last year.