Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-12


New York. Jan. i1.--R. C. Dun & Cos.
review of trade, which issues tomorrow
will say:
Neither the beginning OF the new
year nor the failure OF the currency bill
has brought any material change TO
business as yet. The idea that business
would suddenly take start after the
holidays had rather less foundation
than usual. but the hope of improve
ment later is still cherished by many.
There has not been much time for
change In the industries, but differ
ences observed since the new year be-
gan are not in the direction OF higher
prices or larger demand There are
more indications than of late that
stocks of different kinds of goods have
been accumulating in consequence Of
past increase In production, The
weekly output of pig iron January
reckoning on some furnaces only tenn
porarily out of blast for the holidays
or repairs, was 16S.4i4 tons, against
l6s,162 December 1. showing practically
no change. But stocks of unsOld pig
Increased during the month about 10000
tons weekly. so that actual consump-
ton In the manufacture seems to have
been about 10000 weekly, against
$4,000 tons In November. In any case
the Industry is now vastly better than
year ago, when the output was less
than 100000 tons, but indications Of
excess of production are found in fur
Tier weakness in prices. Low prices ut
Ilttsburg have checked business at the
west and nre attributed by some to
the idea Of purchasers that the recent
reductions in wages and cost of ma
terial must be followed by still lower
prices. But the main fact is that con-
sumption is below expectations.
The Cotton Manufacturer repor.s de-
creased demand, with the print cloths
down to 2.62c; printed staples are de-
morailzed and lower, and wlds ftcct-
ings generally reduced nbodt 1-2c.
Many quotations Of cotton eiois are
the lowest on record, the Seel's trading
being quite unsatisfactory Trade in
woolens hesltates because of the large
distribution from wareh )use under new
duties, but little change appears I'm
prices, and heavy woolens are eNl ected
TO open at about last years quotations.
The demand for dress goods has been
remarkably satisfactory until within
two weeks but has fallen of. Sales OF
wool 5,2S6.7l5 pounds, against 5.S05. 500
two years ago, indicates hopefulness
among manufacturers.
speculation In products has been more
active. Corn has risen ] 3-Sc, and
though the receipts are hut little over
half last years. the practical dIsap-
pearance OF the export demand. then
large, counts for about as much. Lit
tie attention Is paid to the government
report that the yield was only Z. 2ig, 600 :
600, and the advanced state for wheat.
49,. 267 ,4l6 bushels, was treated as euunl-
~ unimportant As receipts OF wheat
have fallen to 1905, 7Ol bushels, against
1,slS5S2 last year, Atlantic exports hnve
become larger than a year ago. the adj
vance of lac in price Is mot surpris-
ing
Cotton Is so low that scarcely any rea-
son is needed for a fractional recovery.
hut with 7.00O,0 900 bushels already in
sight and the stocks abroad enormous,
there Is little TO cause much recovery.
Failures this week are AGO In the
United states, against 47i last year. and
81 in Canada, against 81 last year.