The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-29
WEEKLY TRADE REVIEWS
Bradsheet's and Dun's Review the Condi'
ton Of Trade in the Country.
BUSINESS AFFECTED BY FOREIGN AFFAIRS.
Co,,op weak After n Snsail spurt.
Wool Manufacturers Simply De-
sire TO Avoid LOSSES.

Now York. October 2s-R. G.. Dun g. Co. s
Weekly Review of Trade tomorrow will say:
BUSINESS has been more affected by foreign
affairs than many realize. London's appre-
he ns.on Of war first caused an advance In
wheat and fears of monetary pressure mere
Then came the conference in London. with
fight of French money across the enamel
aud stock markets advanced while wheat fell
Nobs in Paris did not mean TO influence
American interests from New York to san
Francisco but electric wires have made the
world small. SO the wires moved cargo Oh
wheat from the Pacific coast started Ss'oVo'oou
more gold from Australia to this country oil
London account and the selling of American
securities one day and buying the next. ihert
has been no domestic change OF much I'M
portspoe. and the rise in prices of Western
railroad stocks indicates that the supreme
court S decision against the Trunk Line as
sociatlon is considered helpful to railroads'
Wheat rose &c from Friday to Monday ana
thea fell 4iac to Friday. But such changes 40
not represent actual conditions and, WIN
Western receipts for the week 9,3bs, 200 bush'
els. against $685. is7 bushels last year, nobod,
can pretend that holdings of stocks by west
crn farmers is an important factor The At
ltntic exports-hour included - amount TO
3,5?G $50 bushels, against SsG4,656 last year.
ana pscic exports Soh s Sgs ase aga,nS,
four weeks. against la.ilSSil last year. wnen
tho foreign demand was far beyond all prece.
dent In four weeks the Western receips
have been over i0.l50, 500 bushels. against 3D.
~ SIS last year. and yet prices are Cot lower
This clearly indicates much larger supplies
and greater readiness to part with them than
was seen last year. when nobody doubted the
magnitude OF the foreign demand
Corr refused to follow wheat, but slightly
advanced.
Cotton rose to Size last week. but has fallen
to SIC. In spite OF heavy frosts in parts o
the growing region. This expresses strongly
the belief that non-cur,ailment of yield is pos
Sjblo that will affect the surplus more than
tho closing of Eastern mills ono month IN
tire, and the reduction of consumption
al 1oad. for European mills, AS well as those
Of this country have surplus stocks produced
from the high priced cotton OF last year which.
they can not proftahly market There has
been some closing of mills at the South and
also some reduction Of wages The irosts
seem not to have damaged the crop appreeia-
bly,, but yield much smaller than has been
expected will exceed. with old stocks, the
quantity the world can consume
Wool dealers have como to tho conclusion
mat with the heavy stocks on hand 1t is no
longer a question OF profit but avoiding losses
and concessions have brought about a big
inc-oaso I'm sales for the week but the aggre-
gate has been only a. 4S5. 49, pounds against
1885, COS last week, Is 800 1ou in 1896 and Is
h'S. 5G} in 1892. Now Ohio holders are asking
2n3c less than month ago. having - per
cent of fine and y per cent of medium wool
vet o. hand. while 10000 bales of wool are
offered to foreign bidders who may decide ts
export II,
oder weather has made more demand for
goods. but not enough TO change tho situation
mate rally.
inc iron manufacturers. as late as It Il.
silli have a good demand. but the makers are
depressing prices by bidding against each
ether although In the average of all quota
hons the decline has been less than isc from
the highest point But the wire nail manura~.
tueis have reduced prices per cent and the
ran nunufartur rs according to current re-
norts, Rave decided not 10 advance prices, and
there is prospect that all the demand for the
noducts VIII he further encouraged by the
later quotations
Fnilures for the week have been 226 r .he
united states. against 2l9 last year and "A in
CANADA. against % last year.