St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-27
Railway and Mining Shares.
Dun's Weekly Review.

New YORK, April 26.-R. G. Dun q Co.'S
weekly review of trade says: Business i'll
this region is SO interrupted by centennial
preparations and the approaching holidays
that the decrease in volumeis not surprising.
Reports from other quarters indicate con-
tlnued Improvement, and even in the iron
and wooden branches the signs for the pres
ent are more favorable. Money is accumu-
lat1ng here, and plenty at nearly all interior
points; collections are generally better,
though no improvement is seen at Milwau-
kee; and while the general complaint is that
the present demand for money is but moder-
ate, the confidence that business will soon
expand is as strong as ever. The iron mar
ket continues unsatisfactory here, and South
ern No. is sold at SIG rs. and sale of steel
rails at less than S27 at mill is reported. But
the feeling at Philadelphia is clearly i'm
proved, the demand for plate and tank iron
and sheet iron being fair, while there is de-
clded Improvement in structural iron and in
nails. The market for bar iron is more
ton will sustain the present large output of
pig iron, and prices do not strengthen. In
the wool market, also, better feeling is
noted. In drugs and chemicals also, an
other trade which has been very dull, dis
tiDct improvement is observed at Philadel-
phia. with collections i'll better shape and
prospects brighter In most of the speculative
markets prices are lower, and that fact also
gives promise of larger and freer trade. Wheat
is &c lower at S3c, with sales of 10000, 900
bu for the week; corn is 11sc lower,
and oats 1c lower Coffee has not changed,
but speculation i'll sugar has turned down
ward. There is no change OF consequence
in pork products, ana oil is q fraction
stronger, but leather is again l2c lower, but
ter &c and cheese Ice lower. and flour has de-
clined for some grades 5O070c per Dbl.
Speculation in cotton is still strong and the
price is 1sc higher, with sales here of $780,
600 bales, and exports continuing very large.
In consequence mainly of the enormous cot
ton movement. the value of exports in March
exceeded the value of merchandise imports
by 50. S33, 326. The net exports of gold.
50, ZIP. 225 for the month, and about
100000 of silver. made about
S7,60O,O00 paid abroad against in
terest due and undervaluations. For three
months the net exports of merchandise and
specie represented about half the estimated
interest and undervaluations. These figures
show that, in spite OF much weakness in
speculative stocks, the foreign investments
still exceed Withdrawals of foreign capital
and of late the demand for railroad and
other bonds has been exceptionally strong
In European markets the general tendency
of prices is upward. Since April the fall in
the average prices of all commodities here
has been fully half of one per cent. The dry
goods business in other cities is fairly level
with that of last year, and prices are well
maintained. 1t is good sign that collec-
uons i'll this branch seem to be generally i'm
proved. The grocery trade has also been
more active. No sales of lake copper are re-
ported here, but London prices are still low
er, while tin is stronger. The demand for
lead see ms to be supplied for the present,
and 365 cents is the latest quotation. While
the number of failures has been very large
thus far this year, there is not the sense of
uneasiness which would usually attend. The
business failures number 2l3, as compared
with total of 246 last week, and 239 the
week previous. For the corresponding week
OF last year the figures were 223.