The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-28
WEEKLY TRADE REVIEWS.
Dun and Brsdstreet's Comment on
the Week.
BUSINESS IS GAINING STEADILY.
starting Of Works, Increase I'm the
Number of Hands Employed ana
other Features Are Noted.

New York, August ~. = r. q. DUB
~ "a weakly review OF trade .omorro"
will say:
Speculative markets have their turns OF
reactions. but business has none TINS sea
son, gaming with steadiness winch -
gratifying. This starting OF wofKs, ~
crease la hands employed. advance IN
wages and in prices of products, and the
heavy movement of crops are facts be-
fore which ali speculative influences nave
to bow. The weeks dispatches mention
sixteen iron works which have starred
against one closing. fifteen wooden WORKS
started. and SO on In many other branches'
while many mere works have Increased
forces and many are preparing to resume
and some have increased wages. Whiie
these things continue--with grain rising
and going abroad in enormous quantities
monev makers have no Astounding CONN.,
dence in speculative markets for strength.
Crop prospects are contradictory, as usual,
but it is noteworthy that none Of them
indicate anything less than an ample sup
ply OF the great staples.
Wheat rose cents Saturday with ex'
| aggeiated reports OF injury, fell nearly )
cents advanced cents. and then declined
sharply closing / cent lower for the week.
| That much harm was done to spring wheat
| in three States appears, but no accounts
entitled to respect indicate damage reduc-
| ing the yield below $40, 0000 900 bushels,
which would be 5.000.000 larger than any
| other crop except that Of 1891. In spite
| Of great lack Of cars the receipts We're
4439.559 bushels for the week, and Tor
nine weeks l5,5S9,6Sl bushels against IA
s96,947 last year. and Atlantic exports
! flour included) were 3,56S369 for the
week against 2.2075l6 last year. Receipts
of corn bear strong testimony to the Sc
| robustness OF foreign needs, being 6,S40,l
| bushels for the week, against 2,Sl3,9ls
| last year. aud Atlantic exports in -four
weeks have been 10 ,466. AIS bushels against
| 5,Gl7,1l0 last veal. The price rose lie
cents for the week.
sympathy with other markets rather
| than reports OF injury which capable au-
thoritles do not deem important, accounts
| for the advance of 3-l6 cents in cotton
but the mills are Iesuming work with {
rush and will require heavy supplies o.
material to meet the large demand fol-
goods. A general replenishment Of stocks
by dealers will call for heavy additions
supplies.
The wool market also reflects in great
err strength and further advance in som,
| grades. the heavy buying OF WOODEN!
which has set many mills at work nigh
and day.
At last the demand has so far overtaker
the capacitv of the iron works that prices
are growing stronger, bessemer and gre,
forge being % cents higher at Pittsburg
and pig nj Eastern markets as much highe
because rebates and concessions arr
stopped. Billets are 81 per ton higher
structural angle bars and plates ahou
as much; rods, $3.50 and 81, and wire nail
cents per keg higher. The demand i
also heavy for merchant pipe and steel
and sheets are very active. The adeanc
in iron and steel prices average 81 pc
cent for the week Buying OF ore contn
ues heevy. 100000 tons In two weeks n
Cleveland. While tin is weaker. at Sl3.7
with large arrivals. copper is quoted a
sl100 for lake by large orders and deliv
cries. and lead Is scarcely obtainable be
low 4 cents sales being very heavy
Hides are again stronger at Chicago
The packers are finding difficulty In sup
plying the trade. although the cattle re
ceipts at the four chief markets we're 45i
600, the largest since 1892.
Failures for the week have been 22S |
,, the United States against 22S last yea
and "a in Canada against SS last year.