St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-08
THE TRADE OUTLOOK.
AL Branches of Commerce Show
Distinctive improvements.

New YORK, Sept. 7.-R. G.. Dun d Co.'S
weekly review Of trade: Wool and iron in
dustries respond at last, though with some
hesitation yet to the stimulus afforded by
hood crop prospects. The increased demand
for wool is shown in higher prices for nearly
all grades. Coates circular for Sept l re-
ports consider able speculative feeling. and
the average of los quotations is now 227
cents, against 81 Z Aug. 1. There has been
a distinct improvement in the purchasing by
manufacturers, and in dress and knit goods
more activity. The demand for cotton goods
is at present comparatively light and irregu-
lar. In the iron trade. also, an improving
demand is felt in all directions except
ing in the market for steel rails.
Pig iron is firmer here, and though some
Southern iron is still offered below current
quotations, four new Southern furnaces are
to begin work this month. the tone is frmer
AT Pittsburg advances OF % TO 80 cents per
ton are reported. Bar and other finished
iron is stronger there and at Philadelphia,
and some speculative disposition III the pig
non market is noticed. Cleveland also re-
ports an improved demand for ore and better
prices. The deliveries of steel rails for eight
months or this year have been only 7I0,5O2
TONS against ,045, O4S last year. The spec
ulative markets are higher. wheat nearly
cent with safes of 3 i,000,000 bushels, and
corn about cent in spite of excellent re-
ports to the probable yield. Cotton has risen
nearly I2c, though the best recent reports
from Texas as to the yield are confirmed
Inc coffee mdThel IL &c higher, Win a Detter
demand. Oil is lac stronger, and foreign
hides I2c higher. Sugar has advanced Lice
and lard nearly l2c, though other pork
products are steady and hogs 1Oc Der 100 lbs
lower. The stock market has shared the up
ward tendency, showing an advance Of about
soc per share since week ago. The gross
earnings of railroads continue encouraging
The wars of rates do not cease, and the de-
moraliZation is such that the trunk line pool
and the Central Traffic association have prac-
tically ceased operations Weakness and
selling i'll important Western stocks con-
tinue, but the marked improvement in the
coal trade helps many stocks. The situation
does not stimulate the demand for securities
offered by projectors of new roads; nor do
returns of foreign trade promise the i'm
ports of gold which are usually expected in
the fall Exports from New York fall ST.
zoo, 900 behind last years for the last week
reported, and 4 per cent behind for the past
five weeks. The accounts from interior cities
continue decidedly favorable. As to collec-
tons also. while some complaints appear
the general tenor of reports is more favor
able. The increased demand for money has
caused some closeness in the market at Bal
timore, G leveland and Nashville but at most
points the supply is ample. The treasury
has taken in during the week $500 o. o
more than IL has paid out, bu: the payments
for So, COG, 900 bonds purchased have not
yet been reported. The business failures
number 224, as compared with 226 last
week and 2l4 the week previous to the last
For the corresponding week of las; year the
figures were ia and % in the dominion of
Canada