The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-07-02
DIN g. CO.'S REVIEW


New York, June 26.-R. G. Dun &
Co.'S Weekly Review of Trade, which
issues tomorrow will say.
The monetary outlook is not yet clear
TO some. The strength shown in recent
conventions by advocates of free silver
coinage and expectation that all the clc-
ments favoring that policy may yet be
concentrated incline them to waiting
attitude. Their uncertainty retardS i'm
provement, Notwithstanding the more
widely prevailing feeling that the money
action at st. Louis convention will he
sustained by the people. But many
mills have waited rs long as they can
with safety and signatures have been
given by enough cotton mills of Fan
River TO insure n temporary stoppagc.
it is stated, the nature of which is now
undcr discussion in conference with the
Providence manufacturers. Meanwhile
the Pacific of Lawrence and the Maum-
kcag of Salem have closed for time
and practically all the southern cotton
mills will be represented mt Il meeting
on Monday with the same object.
WOODEN mills are acting without concert,
hut fourteen are mentioned in dispatches
as having closed this week. There is no
similar movement in other Industries,
though the period of summer closing is
at hand in many of the most important
dlcrs and other hands make it likely
that annual stoppages in that industry
may last longer than usual. The weak
ness of wheat. which has declined 2.1
cents and of cotton, which is an eighth
lower for spots. though less for futures.
have full explanation in decidedly good
crop prospects. Returns of harvesting
thus far support the best estimates as
to wheat and the condition of cotton has
III, l,Nr, ntng l,.,
closing of many mills also threaten to
cut off the demand between this date
and September by 10000 to 10000 bales,
hut in any event the stocks on hand are
ample. Wheat receipts at western ports
have been 2.269, 200 bushels against only
1871 291 bushels last year, and for the
three weeks past 9,551,2IS bushels
against 3.954. OOJ last year, and while
Atlantic exports have sharply increased,
amounting to 7.S6! ,32a bushels, flour in
cluded. against 4.9l3,431 for three weeks
of June last year. there is no reason to
doubt regarding the suificiency of sup
plies.
The hay crop has also been exceed
ingly heavy at the west. 1t is not
wholly Il welcome. but necessary con-
clusion that prices are not likely to he
higher. The great combination, the Iron
Age wisely reasons. promises to cause Il
lull Ill Prices Ill HllSHtu nun HHu Sl'tl
1t is reported that lower prices will soon
he made for coke. owing to better utili2a-
ton of hy.products and for nails, owing
TO the heavy decrease in consumption.
The billet pool reports no large sales.
hut middlcmcn or outsiders continue to
undersell it. New demand for finished
products is very light and while quota
tons averaged shade lower most of
them are cut to secure business. Bees
semcr pig is shade lower ut Sl2.2J ut
Pittsburg Textile manufacturers. as
has been said, are generally devising cur
tailment of production and the only
change in prices is downward.
Sales of wool have been 12.S55. 600
pounds for four weeks of which 1906
1000 were domestic against 33,3S3. 960
pounds last year, of which Is, 1872. 1863
were domestic.
Failures for the week have been PIT
in the United States against 256 last
year and 24 in Canada against 30 last
year.
THE FINANCIAL REVIEW.
New York. June 26-Bradstreet's re.
view of the stock exchange markets to.
morrow will say:
The week opened with n rather shary
liquidation of weakly held stock, brought
about by n report that our relations with
Spain in regard to Cuba were at n critica
point. The break in the market on Mon
law raroolpl sion orders and the down