St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-21
AN ENCOURAGING OUTLOOK.
X. G. Dun & Co. Size Up the Con-
dition of Trade.

New York, Sept OR G. Dun & Co.'s
weekly review of trade: Throughout the
country the state of business is encouraging,
and the only dsheartening features are in
connection with speculative operations.
Stocks have not quite maintained the recent
advance, the chief cause being the western
railroad wars. Speculation In breadStuffs
and cotton has been at a slightly lower range
of prices with but moderate transactions
and S'ackneSs of the consumptive demand
causes weaker tone in the coffee and sugar
markets, without material change In prices.
Oil speculation is q shade stronger and pro-
visions steady. At Boston a conservative
feeling still rules the money market and bus
iness has not wholly recovered from recent
set-backs, but is improving in wool and steady
in leather and lumber. At Philadelphia the
jobbing dry goods trade continues good; the
grocery trade improves, exceeding last
years; the paper decidedly revives; the
liquor trade is active, and drugs and chemi-
Gals are moderately active. but in wool there
is very little movement. At Chicago there is
a decline in receipts of wool and of grain,
higher prices for wheat leading farmers to
hold back. but a large increase in provisions.
For the year thus far trade exceeds last
years. Milwaukee reports constantly
improving business; Kansas City re
ports business and collections a fair
average for the season, and Cleye-
land increasing activity, especially in iron
and ore. Omaha reports give good business
aud collections and at Plttsburg better i'm
provement is seen i'll Bessemerlron and coal.
Southern reports are also encouraging as to
crop prospects and present trade. There is
nowhere any stringency i'll money, the sup
ply being ample for legitimate needs. For
eign exchange has dropped half cent and
possibilities of gold exports appear more re-
mote, while merchandise exports for three
weeks exceed last years by 80 per cent, the
increase in imports meanwhile being but 3
per cent. The treasury also has been so
managed that its actual holdings of cash are
on nm Last Cat 60.
New York banks have been able TO meet all
demands for the interior without disturbance,
but il is not forgotten that the demands are
not yet over, the reserves are low and there
is no present prospect OF supplies from
abroad. The great industries appear to be
gradually improving IN condition. While
the i'm provemeut is slow in wool manufact-
ure. there is clearly an active demand at
Boston, and sales of wool there this week are
g. 25S 900 lbs. But the largest movement
by concession in price. The goods market is
still uncertain. Jobbers hold considerable
stocks made from cheaper wool, which have
to be cleared off before adjustment of the
rial is y possible SSH and me mean the
pressure to sell may prevent an ad-
vance. In the iron business, confusion
increases, because Southern coke No. i
foundry is offered al S1675 for delivery to
the end of January, while anthracite No. /
sells at $17@lS, and higher for special
brands. Large contracts for structural iron
in Chicago and ST. Louis elevated roads have
been taken i'll Eastern Pennsylvania, and the
orders Tor rails on books Sept 1 were l.135,
900 tons, quotations here being still uIl-
changed. Copper has remained dull. and.
though 500 tons of tin are reported on the
way, spot is still quoted at elsie. The par
tial failure of the potato and fruit crops. and
the injury to butter by recent storms, cause
an advance in prices, aud the gen
eral average for commodities is now
Sept l. The Unprecedented movement
of cattle and fresh beef to England attracts
much attention, the exports having been
over sc, 600 head of cattle and 20, 600. 900 lbs
of fresh beef within three months ending