The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-05
WEEKLY TRADE REVIEWS
Bradstreefs and Dun's Reports Of The
Business Conditions.
BOTH OF THEM THINK MATTERS FAVORABLE
For m Continue nee of Activity and
of Advancing Priccs-Money Mar
kct Is Again Tight.
,sus, 4.-Bradstreet's tomor-

New York, August 4.-Bradstreets tomor
row will say;
| All signs Indicate the maintenance OF gen
erai trade industry. Especially indicative
this are the continued very heavy bank clear
ing returns, the largely increased railwa!
earnings, rejecting a traffic in grain ant
merchandise generally far in excess oil veal
ago reports of activity In numerous lines
of manufacturing Industry, notably In al
branches of iron and steel and kindred lines
Wooden goods. boots and SHOES and cotton
goods, and advces from large markets OF
satisfactory opening of the regular fall de-
nand. with heavy shipments of goods on
orders.
With the exception OF food products, the
price situation is generally one OF maintained
strength al, ances being most numerous In
the line of manufactured snods oil raw ma
terials for manufacturing industry.
Cereals are all lower on the week: reiect-
ing the generally favorable crop outlook and
also some indifference as regards foreign ouy-
ing OF wheat, though export demand Tor corn
has been apparently stimulated by recent
price reactions.
All classes OF iron and steel are either firm
ly held or tending upward. notable In this
respect being all grades of pig IRON and steel
rails. structural material and bar iron ana
steel. Other metals are rather duioter and I'm
shows some reaction from the nigh price
reached last week. Wool is still moving up
ward In sympathy with improved demand for
the manufactured articles but buying is more
closely confined to manufacturers. specula-
tive dealing being apparently less noticeable.
Cotton is steady, pending further develop
ments In the crop situation. The anthracite
coal trade appears to be well under control
and recent advances are reported maintained.
Western and Northwestern trade advices tell
of expanding fall trade. Shipments on fall
II 49, Fngftt
OF the jobbing houses, Lumber is very firm
and scarce at that center and advices as to
crop conditions point to stories OF damage by
storms and hot winds being in some respects
exaggerated.
Increased demand is noted at Chicago and
business with jobbers is reported never bet
ter at this ssason of the, year.
The price OF bar and pig iron is no. as
are all steel plates.
pUN'S REVIEW.
New York August Ar. G. Dun G Co. in
their Weekly Trade Review, tomorrow will
say:
July failures have been samller than any
month this year. excepting May, and trade
failures smaller than in any other month
Surprising contrasts are shown by comparison
of small with large failures in different years
and in no class of business, without some
large failures not attributable to present in
auences does the aggregate equal the aver
age of the past six years.
London again recognizes the financial power
of this country. The Bank OF England vir-
tually admits that IL can not draw from New
the importing point over $1,000 0N starts from
sydney to San Francisco. London's net buy
ins of stocks and bills against produce to be
shipped are very heavy. This is ascribed to
mt un1i hat
Europe is searching for wool here at 80
cents secured and for pig iron at 5000 per
ton. vast demand for both materials has
fallen upon the commercial world, which this
country appears able 10 meet for its own i'm
mediate needs. Prices are not yet as high as
they were in February last year. when stocks
we're many million pounds larger Cheviot;
and some other grades are, higher. but the
average has advanced slightly less than the
price of the wool. Cotton goods are I'M
changed in price. with cotton still at 612c
heavy surplus stock and crop uncertainties
rendering the demand powerless to effect an
advance.
Scarcity of Bessemer pig has caused two
steel works at Pittshurg TO stop a day or two
-S2l.2o to $2l15 has been paid for 1000 tons
with Sll.50 for Gray Forge and a rise Of %
cents in local coke at Chicago 1t is no
longer question whether enough can be had
after while; the trouble is about early
supplies Orders for plates and structural
work are refused at most points. mills having
work far ahead, and for sheets also at PhiIa-
ieiphia. though new and large mills maxi
hings easier in plates at Pittsburg For iron
here is good demand and Western mills
get all the business they want Tin wa
,aised by London TO the prohibitlve point
TIC here being followed by slikc, but copper
vas frm at lsi9c for the lake, though Lon.
Ion visible supply reached 5000 tonn~ tho
arGest since 1897. Lead was quiet at 81 90
orders for boots and shoes are not so large
rs they have been and vet are numerous
'nough to make n good aggregate
wheat weakened, yielding / cent because
u the astonishing receipts at the West a.
3i,Jb3 bushels for the week. against a.Iyy .5ie
asst year. and 2S,5aSlss bushels since yune
'galnst lO.lOs.S16 last year.
,sha,n exports for the week s,7s5 7s7
, ta r., and l2l2i.s7o since June. against Ia
oi'sel last year, continue to support boncs
u great foreign demand. with Pacisc pS
,orts for the week 355.02O bushels ngoi es
ltsl,s last year. Not less potent in thst
eenrd Is the shipments OF 4 O1a. 4s7 bushoIs |
orh Tor the week, against 1874 347 last va
i 40 noSS,ols bushels since June ara,r.,
taliures for the week have been 1872 in tba
nlted states against 1876 last year ana ~ IN
'anada' against Fl last year. - -"