The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-12
WEEKLY TRADE REVIEWS.
Dun Says the Gain 10 Quantity of
Business Continues.
PROSPECTS OF VERY LARGE CROPS.
Urndstrcct Says There Is hopeful
ness for Fall Trndc--N olumc of
business Larger Than Lust icnr.
pECTS OF VERY LARGE CROPS.

New York. June Ii r.. G. Dun & Co. +
Weekly Review of Trade tomorrow VIII
say;
The gain in business continues, not
without fluctuations, and at the best mod
crate. but vet distinct. 1t is stiil in quan-
titles rather than prices, although IN some
branches advance in prices appears. but on
the whole the number OF hands employed
new orders and the amount oil work done
are Slowly increasing. Prospect of good
crops of wheat and cotton helps growing
demand from dealers, whose stocks are
gradually being depleted by consumption.
and in the money and exchange market
large buying OF American securities has an
influence.
Wheat looks well aud the best authority
now estimates the Yield at 5l50OO ,ooJ
bushels, with many States and railway
returns to support II. The prioe rscav-
cred lls after last weeks fall Of over
cents. Business supplies are diminishing.
but with 2HI0.219 bushels "a received at
Western points IN June Atlantic exports
have been flour Included. 3,l2S,9l3 bush
els against S,504S12 in more days last
year Tho nutEu is steady and since March
has been I6.YiG3S2 bushels, against 49,
d2i last year. and yet Western receipts
have kept fairly ahead of the exports,
Tho annual report of the cutton acreage
By the Financial Chronicle shows an in
crease of 5 SO per cont in all the States
and an increase IN every state in spite OF
the floods which, with no more favorable
weather than last year. would mean a cror
of nearly . 100 900 bales, The market Is q
OF vrp paTtlV
Southern cotton mills are trying to limit
production
Northern cotton and wooden mills can not
eXucct other than waiting business win
a change of tarin pendng. but the demand
for bleached goods Is steady, though mod
crate. for print cloths; slightly better at
? n plus ! per cent for print goods, though
not active. Brown goods are dull. though
quotations are unchanged.
Some large wooen mills are preparing
to increase output and have bought heav-
lily Sales OF foreign wool at Boston alone
reached $4,000 pounds, out of S,36S 900
scld of all kinds at the three chief markets.
Carpet mills at Philadelphia. which have
just resumed after a long idlenoss. were
also buyers and all are now running near
" fun time.
Iron furnaces In blast June reported a
weekly output OF i6s.3SO tons against 40.
SOS May / and in unsold stocks, exclusive
oil the great ktNel companies an increase
of II Ga tons for the month. to l050 .252
tons Yet when an accident sent one Of
the large concerns into The market 10 buy
quickly 10000 to 10000 tons of pig iron
the price rose TO 81 30 for Bessemer at
Pittsburg. receding afterwards TO 81 49,
with Grey Forge higher at $3.50. The
main fact is that production of pig has for
some months been much In excess OF the
demand in the manufacture OF finished
products.
Failure to form a rod trust caused wire
nails TO yield cents. The general demand
for plates and sheets was better, and for
bars much larger East and at Chicago,
with some large orders taken at Pittsburg,
Philadelphia reports decided improvement
In finished iron. with fewer concessions.
and Pittsburg large orders. while appre-
hension of labor difficulties has induced
much buying at the West. The strike at
Pittsburg ended without SUCCESS.
Failures for the week. 25i in the United
States against 2aG last year and 30 in Cam
ada against Il last year.