Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-08-31
HIGHER.
Metal Prices Going En-
tlrely Too High.
WILL PROBABLY INVITE FOREIGN
COMPETITION.
81
SHIP Fk%N EUROPE.
=.
HIGH PRICE OF ot Fo CAUSES
SHIPMENTS TO O. THE
WRONG WAY.


New York, Aug. SO,--R. q. Dun &
Cos weekly review Of trade, which
issues tomorrow. will say: Improve
ment in markets and prices continue,
and whereas a few months ago every
body was nursing the faintest hopes
OF recovery. 1t has now come to be
the only question In what branches.
II any, the rise in prices and the in
crease in business may go too far a
strong conservative feeling " finding
expression, not as yet controlling the
markets or Industries. but warning
against too rapid expansions. In some
directions the advance In prices clearly
checks future business, But encourag-
ing features have got power, Exports
Of gold continue, but are met by syndi-
cate deposits and expected to cease
soon. Crop prospects, except for cot
ton, have somewhat improved during
the week. Important steps toward re-
organization OF great railroads give
hope TO Investors.
Labor troubles for the moment are
less threatening, and some OF import
nnce have been definitely settled. me
Industries are not only doing better
than anybody had expected, but are
counting upon great business for the
rest OF the year. The advance In prices
OF iron and It's products has added
about 81 per ton more in a single week
TO the price OF Bessemer iron at Pltts-
burg. and yet the great steel conf
panies are buying wherever they can,
while the mir is full of reports that this
or that finished product will further
advance Many OF the ahlest men de-
plore this rapid rise, not that IL may
| EXPOSE them to the foreign competition
| and urges consumers TO hesltAte'
| But the combinations which now con-
troll many iron products have 80 snc-
| cessfully lifted prices thus far that the
! markets. geem to lack the restraint or
| Individual caution and meanwhile
! holders Of large quantities purchased
| for future sale or delivery want 10
! pet All they can for them
! Conner has been so far advanced that
,arge quantities Of American are com
ing hack from Europe, though the
| nrice Is held at u lac Tor lake
wool ms been speculative, so thht
,aias have fallen below last years IN
August 20, 200, 400 pounds, OF wnleh ~
400 900 were foreign against se'lfs'eoO
| lost ypar. of which only 4'9Ss' wv
.',rds were foreign. The demand for
dress goods is still good and some
DENOMINATIONS OF orders for foreign
mems clothes are reported, because
Goods do not come up TO samples. Az
Inc same time the receipts from abroad
continue heavy and the outcome Is SO
lar in doubt that manufacturers hre
not buying beyond thelr he.usi n,S,,
.,mnroved this week, though the price
hns fallen / 1-ic. Western recelpta
have decidedly decreased, but are only
a ao5 g05 bushels against 6,42s,2s4 last
vear. and Atlantic exports are only i
ava 9bg for the week. flour included
against q 27l l1S last year. In the pas'
,o,r weeks Atlantic exports have been
nniv 4 ass $50 bushels against l'Iol ,os'
lnst wear, and this alone IL quite enougl
10 explain the failure to maintain tn'
sensational advance in prices when Sc
effectively checked the outgo.
Corn IL coming forward more irSely
and the September price has declihet
I-lc with the promise OF a grea
nrnn nork and lara are shade lower
catinn Is rising us II there were no sur
nins Of z 600, 900 bales American carried
aver to the new crop year. which De
,sj,s with next week. whether eN
aggerated or not reports OF INJURY
nave Impressed traders and purchases
In three DAYS here amounted to ao0,sV
hains The price has advanced TO sls
ana as there IL no large supply OF net
mi cotton available at this time. TN
market price can be easily moved, bu
IL The Weld is as short as the Buyer
believe, II is not good sign Tor busi
ness at the south since the abudnnc'
OF old cotton OF foreign markets mus mus
htnder EXPORTS at higher prices durinl
th,s very months in which planters arr
sorced 10 sell most OF their product
Aireadv dispatches indicate that tn
raiaiI trade at many southern points u
slack. 49,. 500. ,S
In The United States against 1875 las
wear and forty-two In Canada aEeihs
forty last year.