The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-01-28
DUN'S REVIEW

New York. Jan. pr. G.. Dun X Co.'s
Weekly Review of Trade tomorrow will
say:
There Is more business but not better
prices. II IL interesting that almost all
prices which change at all are lower than
week ago. yet business is unQucstiona-
hly larger. There Is large production.
but as yet not rs much increase in con
sumption, End there Is larger buying of
materials but at present only because
lhettcr prices are expected in the future
\ Few conspicuous failures during the
week have had no material influence.
The markets for securities is slightly
stronger, yet there IL very little doing.
The number of hands employed all in
dustrics considered. Is slightly larger than
week ago. without noticeable change
IN rates OF wages. All apprehension of
q disturbance OF foreign markets have
passed away, but there is still great eau
lion In making loans IL IL "A mistake to
reckon these M symptoms of depression.
On the contrary, In spite of the lower
range OF prices in important Industries,
the conditions all indicate larger produc-
lion and consumption increasing, not as
yet large but steady.
Wheat, corn and cotton exports are the
key note Of the question, and during the
past week wheat has declined 3-Sc and
corn l-Sc, while cotton is unchanged.
The western receipts of wheat are still
small. 5Sl 900 bushels less than II year
ago, and for three weeks of January,
l.51o,719 bushels against 1885, 100 bush
els last year. but the Atlantic exports,
Hour included. were l,5A,Tl5 bushels for
the week against 2S6it5I bushels last
wear
The price has declined for corn also,
although everybody knows that the heavy
exports mean relatively more than the
exports OF wheat.
Cotton Is unchanged after an eighth
decline. but the continued large movement
from plantations and the depression of
manufacturing henc and abroad, do not
encourage high prices. There has been
a general reduction in prices of cotton
goods which ut present stimulates larger
buying.
The WOODEN industry is as slow as ever
sud no real improvement appears i'll the
demand for goods, although owing To the
latencSs of the season there il little more
doing both in spring and in winter goods
without favorable change in prices
The heavy buying of wool mentioned
last week has continued with smaller con
Germs participating, and is understood to
helm anticipation of expected dullncSs, the
sahs ut Boston alone having amounted
10 ll.56S.000 pounds, Quotations have
not changed as yet. although western
holders are quite stin.
In the mines and metals stronger tone
is general, and with an output OF lIT,OOo
tons in the United States and 6Il 900
tons in other countries, which is larger
Than in any other month since July in
other countries, and except in October
larger than in any other month since
March last in the United States.
Copper is stronger ut IL cents. Lead
has improved a little with IL cents
asked. while tin is stronger.
The iron industry il engaged in settling
relative prices and the slow operation re
iards business in many branches since
The future price is uncertain, BeSScmcr
pig is trihe lower AT 5000 at PttShurg
snd Grey Forge at S9,Io, though no
further decline has occurred in eastern
markets or at Chicago But the compe-
ton OF new concerns tends 10 the manu-
facturer of nails. while the high prices
maintained caused slightly lower sales of
wire nails at Sl.35 and cut nails of Sl.2I,
The bar association has been in session
to consider the reduction of steel bars IL
| cent, and in large contracts even lower,
hut the billet association has again been
called together. TO meet on the 18th. al
though there is no prospect Of its rCur-
ganization and billctS selling at SPA
at Pittsburg.
The increase in manufacturing is per
haps more definitely shown than in any
other way lay the production of coke