The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-10-28
IN THE WORLD OF BUSINESS
BRADsTREETS AND DUN & CO.'S
REVIEWS OF FINANCE AND
COMMERCE..
A MORE QUIET PERIOD SETS IN.
FOLLOWING the Heavy Buying OF
September and the First Half of
October-Foundation Laid for
Broader Business

New York, Oct. OR. G. Dun &
Co.'S Weekly Review of Trade will, In
its issue of tomorrow, say:
After the heaviest buying ever known
in any branches during September and
the first half of October, 1t was but
natural and desirable that more quiet
period should give time for testing the
size and temper of retail trade and for
distributing part of the enormous guam
titles bought. In textile goods the rush
of orders went far beyond distributive
demands in August and represented
great replenishment of stocks, and the
similar rush for goods has been cores
pondingly great in other lines during the
past two months.
In iron and steel and in boots and
shoes there was actual danger of n
speculative imitation of prices such as
was seen in 1895. but it has been avoid
ed, apparently for the season by the
solid sense of leading men, who regard
the time of comparative quiet essential
to the coming prosperity in their lines.
AS the buying for replenishment Is part
ly satisfied and diminished, there is
some decrease in the volume of transac-
tions, though at the same time the
working force has further increased,
| the wages of labor have been in numer-
Gus cases advanced and the foundation
laid more broadly every week for larger
buying and business hereafter.
The iron industry waits because posi-
bic production for the year has been
practically odd while neither buyers
| nor sellers regard contracts at current
prices for next years business as quite
safe. Bessemer pig Is a shade weaker
lat 10.40 and grey forge Mt $3.50 at
pittsburg,, while billets are hard to get
| at any price, owing to the stoppage of
| the only two works of moderate size.
so much has the current demand come
| to exceed production. Sales of warrant
| pig iron at Philadelphia 25c below is
| not, in fact n decline. New business in
| finished products Is almost of necessity
| smaller, since manufacturing works are
| nearly all full for months ahead, the
plate mills at the west so full that they
could not compete at all for three Rookie
Teller vessels requiring $500 tons each.
The demand for bars Is the best for n
long time, and contracts for the East
river bridge and numerous other
bridges are still pending.
| The coke output has risen to 145, 033
| tons weekly and Is the largest known
\ for years.
| The severe decline In cotton to B.12
cents from S.25 cents August 30, is due
to widespread confidence in the large es-
Inmates in the yield. A natural conse-
quence Is the fall of print cloths to the
lowest point in the history of the mar
ket 23Ic, and cotton goods generally
are easy with limited sales of staples.
All wooden goods are firm, but there Is
no new business of note for spring out
side orders of dress goods. Sales of
wool have sharply decreased again at
Boston, amounting to only 2,043,000
pounds against over 13000.00O pounds
the last week in September and that
week was the dullest since January l..
Some large offerings were made to real
lie profits before prices fell. but quota
lions remained unchanged. The produce
market acted with as little apparent
reason as usual.
Wheat advanced 2 1-2c and corn de-
clined small fraction.
Failures for the week were 224 in the
| United States against 274 last year,
and Sc in Canada against 60 last year.