St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-13
All the News Favorable to the
Business Outlook.

NEW YORK, July 12-R. G. Dun & Co.'s
weekly review of trade says: Substantially
all the news this week has been favorable to
business prospects. The official crop report
for July l was not only an assurance of large
yield but evidence that the reported injuries
to wheat, cotton and corn has not been as
serious as many believed. Gold exports were
stopped by slackeniug of the foreign demand
and decided improvement here in the offer
ings of commercial bills. The treasury put
out money more freely, and the demand from
the interior was met without change of
rates here. The ailreads made great prog
ress, apparently, toward the settlement Of
their Controversies. and the stock market
took an upward turn OH Thursday. Pork
products have been weaker but without great
change, and oats / SEC lower. A rise of nearly
lie on oil is partly explained by the official
report that exports for the past year have
of all prices of commodities has moved up
ward a per cent during the week. The re-
ports from interior towns show that colleC-
lions have improved where there had been
most complaint, and the latest accounts are
more satisfactory than usual. At Chicago
with all eye to probable CONNER
cial demands in the near future,
that brokers are circulating the rumor that
q banking trust has been formed, though out
side money does not appear to be obtainable
at better Than per cent. The indications
point to some monetary pressure this fall,
unless the treasury succeeds in disbursing
freely. The great industries are, on the
whole, in better shape, though some signs
of danger are discoverable. Some Southern
pig, recently offered in va1n at SIS so, has
been sold at S17. Rails are in better de-
mand, with rumored sales amounting to 81
900 tons, and SIS is now the bottom price;
but the great strike at the Carnegie mills, ac-
companied with violence at the very outset
may lead to rather extended disturbance of
the industry. Wool is unchanged in price
at Eastern markets, but the persist
ent conservatism of manufacturers,
who are buying only for immedi-
ate necessities, and running only part
force, begins to have effect and a
weakening among Ohio holders is reported.
The stock exchange has been strengthened
by very favorable accounts of negotiations
have settled the difficulties as to Eastern
trunk lines and to have made some progress
toward amicable adjustment of Western
controversies. The average of prices is
fraction higher than week ago, not includ-
ing the trust stocks which have caused an
amounts outstanding. The information
that SS3,000,000 of Lead trust stocks,
So, 1000, 900 of sugar, 100000 of cot
ton oil, S3I 100000 of whisky and S13,-
100000 of cattle trust were outstand-
ing, caused a break in Lead and some selling
in others. Exports of cotton TOR June were
in value only $500 STAG, against SS,SS7,-
two weeks of July all exports from New
York show an increase of 90 per cent over
last year. and the weakening of speculation
in wheat is also a favorable sign as to the
monetary future. The business failures dur
ing the last seven days were 209, against 202
last week and 2l5 the week previous to the
last For the corresponding week of las
wear the figures were 24O.