The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-13
WEEKLY TRADE REVIEWS
What Dun Has to Say of the Con-
dition of Trade.
EFFECT OF BREAK IN STEEL RAILS
The Large SRIcs of Printing Cloths
During the Week go Mr.. Hcstcr's
Weekly Cotton Statement.

New York. February 12-R. G. Dun &
Co.'S Weekly Review OF Trade tomorrow
wal say. No other event of the week APP
nroaches IN Importance the disruption OF
the steo. RAIL pool II two DAYS after II
a greater tonlego Of rails. probably, was
purchased than the entire production last
wear Teportcd Os sd0.0n tons) and instead
Of s2S in December and S25 IN January. slT
to row the price at which dhc works
East and West. are seeking orders. the
Cainoge company even sellrg al 81.
Chcago delivery. These sales Will en-
ploy many thousand hands. with an I'M
poront decrease IN the cost OF track
lay.ng or renewals to railroads Even
more important Is the result that the re-
construction Of the billet pool VIII be i'm
possible as long as the contest over rails
continues. and the manufacturers of etruc-
tural forms. bars. rods wire, natls. tin
plates ami many other products have "a
chance to secure cheat material in the
near future. Also important Is the strug
gle between the two great companies pro
duclng Mesaba iron ore. one allied wi
the lhlnos Steel and the other with the
Carnegie company. which - expected to
bring about lower prices Tor ore and to
push many mines to tne.r utmost ca
Lacity.
But IN the war Of rival interests. wages
are nlrealy reduced by some large con
Gems
Another evont Of influence is tho pur-
chase oi i7I,OJD r-ces ii print cloths by
NJ G. u. Borden nj 2ji cents which has
| already caused an ADVANCE to 2.G9 ccn&s,
| " tn a stronger tone for print and other
| cotton goods The moral influence of such
a purchase. manfcSirg confidence In the
frturc ls apt 10 he great AZ the con-
tract to shut down part time many mis-
Al 10 ttaf Al r
fo.t the pro luctv" c1pacity and whpos
Of operatives WI be for a timn reduced.
hu, II a demand Of traders to repl"n.sh
stocks n started rhe cffost may be alto
rethar beneie!al
The wooden industry also .neets an In
creased demand for low and m"iiim
goods. and . dozen or more mills have
started, against three stopping for vari.
Gus reasons, Clay mixtures are reduced
40 Is cents, with other prices maintained.
Except IN steel rails, changes In iron
products have been slight. advances be ng
IN grey forge. wire aud cut nails. Com.
| pciitlon reduces American TN plate 20 Si2l
against $3.50 for fore sn. Tn an1 conner
are STEADY. but lead Is stronger at 81 Nv.
Speculation w pro iucts has hardly been
more active than OF late and pr.cos gen
orally tend downward.
Wheat rose cent on Tuesday. hut has
! since declined 2.T cents Western re-
| celpts are incrcas ng. but for two weeks
| have been only 1885, bushels against
| bS23.213 iast wear. while Atlantic exports
4 tiONr iNN'lnuNIl NnNE V''u lpi NV WIN
| about a quarter larger than last year,
| and for TWO weeks 3.055.09f hushes,agan si
| 3G3S 125 sast year. About every week some
| new speculative guess by somebody I'M
| presses many traders more than the cur
| rent records OF actual movement
| The cottC.l market has been depressed
! I'm n ike manner by MIR. Ali!son's estimate
| thai fhe Amer!cnn crop would he Sb1pp
bales. but the qulntity com ng INTO slsnl
has also surnassed previous puesses M
| i1dica,Cs n larger crop than most snecu
| iators estimated. The enrichment OF con
sumusjon in Tho mills 5 not q Guo'e, ~
! thnueh some overes'iuilte u. since ppSsi
III, ~, ,,,nre ,ian one-fifth Of rhe Splpdle'
w sG he Ia STONED third Of each week iol
" n,arter Of the year, Tho price decline
"nIv &c Tor spots, but over &c TOT 'n'
M" Hs1i,,ras for ahe past week have beer
| oe7 In Inc United States. agnnst ~, tas
y"ar. and 81 in Canada. against % Al'
|