Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1897-06-04
DUN & CO.'S. TRADE REVIEW
The Wheat Crop Muc'l Larger Thar
Expected.
CORN HAS DECLINED A FRACTION
Cotton is Unchanged-Woolen Mills
Producing More Than They Have
for Years-The Iron Manufacture
Gains.

r. G.. Dun & Cos weekly review OF
trade says: People are really doing
more business than they realize. They
reckofi by values, but they are mucn
lower than ia any previous years oil
prosperity and leave little margin for
profits. In quantity there fs almost
ns much business being done as IN the
years of greatest prosperity, ano
though the increase in population
would call for material expansion,
the comparison is not discouraging:
The recovery Is slow, hesitating and
gradual, but more has been done, on
the whole, in Msy than in April, while
returns of April showed the volume OF
business only ten per cent. smaller
than that OF the best year before.
Yet hesitation is doing its work every
week and multitudes are waiting De-
cause of possibilities at Washington,
who ought to be filing the demand Tor
labor and the products OF LABOR.
Events have proved that the crop OF
wheat going out is much larger than
of the markets expected and western
receipts for the week were 30 per cent.
larger than last year, while Atlantic
exports have been for four weeks
6,315, ,329 bushels, -four included,
against 4,9sS,777 last year. At this
season actual receipts count rsther
than predictions, and the truth is that
the country has exported an extrsor-
dinary quality of wheat and -four, and
yet has SO much to spare that the main
option has declined nearly o cent for
the week. Besides, the outgo of corn,
largely taking the place of wheat In
foreign consumption, is far beyond
precedent or expectation, and in four
weeks has been $3.50, ,091, against
9,OO1, ,9S5 last year. With liberal in
terror supplies, the price has declined
o fraction.
Cotton is unchanged, although at THU
season exports are insignificant. Man
ufacturers have special need OF delay,
owing to the possible competition with
foreign goods largely imported, but
there has been no setback in prices,
although cotton goods are dull, with
out large demand and print cloths are
ut the bottom prices. 1t is evident
that production is far beyond the con
suming demand and has forcedthe in
dustry into a waiting attitude Dis
tribution of all dry goods is at presen
retarded. also, by cooler weather thar
is usual at this season.
The wooden mills are producing NOR
than they have done for years. thougl
much less than they could or woult
like to produce, and manufacturers ar
doing almost nothing in wool, thougl
! speculation has kept sales large, in fou
weeks of May %, 800, 500 pounds
against 20, 159, $50 in the corresponding
{ weeks of 1892. There ia some weak
| ness observable with western holder
4 and eastern prices begin to feel tn
weight of enormous imports, althoug
J holders still calculate on rise, as 500
/, as new duties take effect.
The iron manufacture gains, in spit
: of the closing of some furnaces. Th
production of pig exceeds consumptio
and is somewhat decreasing, while th
consumption has gradually gained tn
q week, in part because of several strut
tural contracts, including 1000 tor
!, for New York City alone, and in pa
because the agricultural implemel
works have made larger demands an
: because of the proposed leading {
: nearly all the rod mills in the cit
y which has caused some buying. P
iron shows no change in prices, b
. it is noteworthy that an advance of p
in the British price of American pig
;, considered a relief, as lessening tl
= = urgency to strengthen Pittsburg
= :. northern markets.
:. Failures for the>week have been q
y in the United States the smallest
= any week since September, 189
y against 239 last year, and % in Canad
= against 20 last year.