The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-11
WEEKLY TRADE REVIEWS
Dun's and bradstreet's Reports on
the Condition Of Trade.
TONE or MARKETS MORE CONFIDENT
Dun Says All Markets Have Felt the
Uplifting 1nnuenccs-situntio
In Very Strong.

New York. June i0.-R. G. Dun a
Co. 8 Weekly Review of Trade will say
tomorrow: The certainty that the Spanish
Atlantic feet is imprisoned and powerless
to do harm has helped to make the tone
OF markets moro confident. Every step OF
progress during the week which has looked
toward an carly termination Of the strug-
gle has been reflected in tho market and
in lower rates for money. All industries
have felt the uplifting influence. In
finance the growing tendency to lend even
on long exchange at low rates In place OF
shipments Of gold TO this country begins
10 accumulate standing credit for the
United States. y stronger situation 1t
would be difficult to describe. Men have
been buying and selling stocks with some
blindness, though the course Of events
has all the time warranted a higher mar
ket. other countries have va to pay i'll
some way az enormous balance to the
United States on merchandise transac-
tons and it will save SPECTATORS much
trouble and loss TO keep the facts IN
mind. Men talk as If wheat had gol:e
down out of sight, but the collapse OF
May speculation has only made it more
evident that the outside world requires
nearly If not quite all The wheat this coun-
try can spare. Last week Atlantic exports.
-four included were i,2U9.293 bushels.
against l.6S4.6 COZ last year, and Pacific ex-
ports were 253,2l3. against 125.212 last
year. and it is close to the end of the
season. over 1000 900 bushels of wheat
has already been exported, against 200.-
100000 bushels. and corn ii4SOO bushels
during the past week. against LIST ,035
last year, and the market is justified IN
feeling that those who have gone SO far
beyond all precedent in defying current re-
ports are entitled to pay for it,
Iron and steel productions have declined
because several establishments have
stopped for repairs Yet the weekly output
June OF 225.337 tons. against 23il May
|. with the unsold stocks, which decreased
1S,li2 tons during the month, indicate
a consumption weekly OF 233,S76 tons,
against 72s,25S in April, so that the ablest
iron journals are in error in saying that
the apparent consumption does not ep
pace with the production OF one millo
IONS monthly. Eastern markets are much
more embarrassed than before. while the
Western are crowded beyond all precedent.
But prices are not changing in either sec
tlon and the prospect for the manufacture
is unchanged
the WOODEN manufacturers are buying no
WOOL and the sales at the three chief mar.
kets during the past week were only 2.524.-
SSuo pounds, against 4s7S, $50 in 1892. But |
me demand for goods proves somewhat |
better in many directions AMI the govern |
nent requirements have coinpelled some |
manufacturers to buy somewhat larse'y
GRADES OF wool which they have not ex- |
'ected to require In cotton goods there |
$ stronger tone throughout with print
30 sustained at the recent advance. bit
u is still somewhat doubtful whotba- 10
lemand for goods during the past two
h no mas been materially checked by
ne expectation that tho prices of rotto,
ma o, consequently the price of goo1s MID
, rI,ase, ana II SO marked advance IN
'ected HiaS ne eT-
, aa,..res 81, this week have been 9Os