The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-26
WEEKLY TRADE REVIEW.
Dun and Bradstreet's Report Inn
proycment in Business.
BOARDING NO LONGER REPORTED
General Advance In the Price Of Produce
Speculative Huying Of Wool
Continues.

New York, September Pr. G. Dun x
Co.'S weekly review of trade Will say
tomorrow: a very moderate and yet dis
tnct Improvement is seen no longer In
the buying of materials, which continues
and stiffens prices, but also In ctders for
products Of somc industries in money
markets and in exports OF cotton.
IL has already started some works and
prompted few contracts. Continued ar
rivals OF gold have raised the treasury
reserve above $l25O0O.OV0, strengthening
the banks and relaxing the stringency in
commercial loans, so that at about
per cent lower rates more business was
done than in the previous three weeks.
uoardlus j. no longer reported, but some
boards are being unlocked. me move
mcnt OF crops continues large and pur-
chascs for export have advanced prices
or prevented delCcss.on. While the gam
in tna working force IS not great ii seems
clear That for the first tame in many
months there is some net gam.
An important change is the general ad-
vance IN produce markets. especially in
wheat which rose sharply on Thursday
and Friday, closing also higher for the
week, vita much buy.ng, apparently on
iCCt.g n account. Reports of crops abroad
We're supposed to be the chief cause. as
visible supplies in this country increased
largely, but Tor the first time since july
/. Western receipts fell below those II the
same week last year. They are stlll large
and for the first quarter of the crop year,
mus far, have been 5?,72l,l 100 bushels,
against A. il2,5l2 bushels last year. a gain
Of about 50 per cent and II is concel vah.c
but can not be constituted quite probable,
that such receipts have come from cron
smaller than last years although prices
averaged lOllc lower in July and IS lower
in August last year and only fall below
last years IN September because of the
sharp decline then ana as much advance
now.
Cotton advanced one-eighth a week ago,
but lost three ixteenths, and with full
receipts might have gone farther, but for
the resumption of work by sevCCal I'M
rurtant mills.
Speculative buying of wool does not
abaie sales for four weeks having been
A,Sil. 100 pounds, against 2375S,9I0 last year
and 3lO21 600 IN 1892, but no gain in prices
results. The sales are largely for cash
and by holders who have maturing notes
port, In spite Of decline of ) per cent
in the London opening. A few of the
wooden mills are having quite brisk calls
for heavy wooden goods.
Finished products OF ron meet more
inquiry and the Placing of contracts for
l6,e00 tons of steel for three new battle
SHIPS, for one building here. ami for sew
eral bridges, expl lin the starting OF two
or three works. but with such IN anths as
have passed little business IL again APP
preciatei sharp fall of 81 per ton in
low PHOSPHORUS pig and a slight rise in
rtcy forg" at Hittsburg and in steel plates
are the only changes noted IN prices hnt
billets are still sold by outsiders at sl95o,
bar steel sl0.15, and furnace coke below
S. with an output of only 5o75o tons
weekly at Connellsv,le. though all the
combinations maintain their price.
Exports Of 10000 tons of rails this year
AT prices far below those current here
and 2i000 tons pig to England al sS.e2 Mt
| Marc chester. freight being at just s315,
| indicating unloading q surplus abroad to
avoid Weakening mackets here. The plates
are slightly lowered by home competition
to s3.55. against $500
| The failures for the week have been
| 3o IN tho United States. against PIG last
wear. and thirty-nine IN Canada. against
| fftv n vpnr