The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-01-31
BUSINESS WORLD
ppADsTREET'S AND DuNs
WEEKLY REVIEWS.
No Improyement Noted for This Week
Gains in Demand Only at Eastern
Wooden Mills-Though Receipts
are Shrinking, Corn Has
Declined.

New York, Jan. 25.--R. G. Dun & Co.'S
Weekly Review of Trade. which issues
tomorrow, will say:
Events have not helped business TINS
week About $3.50 900 gold has been
withdrawn from the treasury, mainly
for export. and the gold reserve has been
reduced to about S1S,OO0000. Since Dec.
8 the treasury has lost in 30 working
days about $53,000,000 in gold and daily
increasing distrust is liable TO affect mar
kets unfavorably. Industries have not ye'
found sufficient demand for their products
TO prevent further decline in prices, ana
this week the average for all commodi-
ties has again touched the lowest point
ever known.
The number of hands employed does
not increase and strike mas cut On
for more than n week about halt the
business of Brooklyn, to some extent
affecting trade here.
At the bottom business hesitales' Out
the future Is clouded, and the cohsuih-
ing demand has not increased Ill Jnhu-
that II would, industries had enlarged
nroduction and until ID does the excess
Of producing capacity constantly tcnds
"a denress prices, both in iron ana steel
better demand appears for bars III
pittsburg, but in Chicago they are uncX-
pectedly dull. No transactions IN rams
are reported and in general the demand
in finished products is considered ulsap
pointing. NJ ,,,;,,
much disorgnnized. The miner metals
are n shade stronger, but in TN plh'c
shows considerable business 600 MI,
Heavy sales of wool, 600, Jos pounds,
apainst 3, GG1 $50 two years ago, are III
pnrt the result of growing commence
among manufactures that they VIII "
able TO meet foreign competition, ana ~
part because prices are not though' iiheIy
10 90 lower, so that some have purchased
bevond their orders for goods The mar
kei Is broader. about half the sales beng
Of Territory wool for mixture with Aus
trolinn. Carpet mills are conservative,
some having sustained heavy losses last
year. Receipts of foreign wool are large
and holders are pushing to sell. opehlhSS
of additional lines of mems woolens lhul-
cate n general reduction of . to I'D per
cont an last wear, but quotations are I'M
stable. further changes being looked lor'
both in domestic and foreign goods Dup.
licate orders for light weights are not
canal to expectations, though lot many
works they came too late and are refused.
Wheat has sold Mt the lowest point ever
known for the May option, ana spot mas
declined for the week, due to the liquiuit-
ton of the immense holdings Oh VIZ ~
estate being rumored. For most people the
creat visible supply and the pressure OF
Quantities carried for speculation IN ele
votors Justify extreme low prices ana
there IL nothing as yet to Indicate an III
crease in the next crop. Receipts at pres
ont are smaller than a year ago, Dut sinct
July / have been 110,0O00O0 against
l2OOO0,000 last year. Atlanuc exports
only 3I7, 756 bushels for the week. 90 not
suffice TO support the market.
Corn has declined 2 Lac, though receip's
arc ahrinking. Liquidation in pork mas
brought n sharp decline. Cotton Darely
escaned the lowest point of the recorI'
with receipts of plantation nearly 4oi'-
600 bales larger than at me same uate
when the crop was over 3,uOo'ouo phlcs;
and stock Of American here ana aprouu
is 100000 bales larger IMAM III 'nc '"'''
date that year non
Failures this week have been 3S3 III the
limited States against 430 last year ana
30 in Canada against 80 last year.
BRADSTREET'S TRADE REVIEW.
New York. in. 25.-Bradstreet lee
view tomorrow will say:
Snecial Geographic and mail adviceS
from the more important distributing
ccntcrs failed to relate any marked I'M
provemcnt in the movement OF merchan-
disc and products, and the conclusion Is
forced that the great trade situation re-
mains ms previously charactcrized-b
small volume, low prices, hand to mouth
sales, and the outlook favoring n very
conservative trade for some time to come.
Gains in demand have been noteworthy
only at eastern wooden mills, for mems
wear fabrics, among Providence manu-
facturers. while the dealers in staples nj !
Augusta, Memphis and New Orleans, and |
in the West and Northwest at st. Louis, |
Kansas City. st. Paul and Minneapolis |
report the only Improvement being made |
by contrast with recent dullness. is that |
Of the volume of trade ordinarily trans |
acted Mt this season. An exception IL III |
wool sales. though prices are no higher. |
Mills report Unexpectedly heavy orders |
of mems wear woolCns for fall delivery |
in spite of foreign competition, clothiers !
having placed the bulk of overcoating
with domestic mills. Ginghams
are OF fair proportions, the
latter having been stimulated 10y cut
in prices. Prices of staple articles report |
n tendency toward Improvement, there |
heing none showing an advance; ten which
are firm Mt the range of week ago and
five of importance which are lower. Adj |
vances in quotations for petroleum, tin |
and prospectiyely for iron ore. are due |
TO these products being practically in the |
control of dealers or producers or both. |
Smaller receipts of cattle, poultry and |
potatoes, due to severe cold weather, have |
nut IN prices. Other advances are for |
wheat, lard and turpentine. Wool. leath- |
or, hides, lumber, sugar. rosin. hogs, les |
semer pig and steel bilets and rails are
roported firmly held, although the Phila- |
delphia iron market shows signs OF weak
ness. The falling OF in ginghams has
been recovered, hut declines remain in
quotations for pork, cotton, corn and oats.
Exports Of wheat, flour included ms
wheat, from both coasts of the United
States this week amount to 2,SlO,00O
bushels. last week the total was 3,56l,OOO
bushels. somewhat larger than usual.
One year ago the total was 2,94l 900
bushels; two years ago, 1881 900 bushels,
and three years ago ii was 4,5o1 600 bush
els. The dull resistance which prices in
the New York speculative stock market
offer to the heavy gold shipments and
rapid sinking of the treasury gold reserve
would indicate belief that when matters
come TO crisis relief is more likely to be
obtained. There has been some iiquida-
ton in the stock of properties subject TO