St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-06
IMPROVING PROSPECTS.
Il. G. Dun & Co. Say the Business
Outlook Is Encouraging,

New YORK, July 5.-R. G. Dun & Co.'S
weekly review Of trade: Business has been
fairly maintaiped in volume, and is grad
ually improving in prospects. June has been
a month OF exceptionally large transactions.
Prices Of commodities, in spite of the rise in
some speculative markets, have. on the
whole, fallen during the month about per
cent, and are now hardly w per cent above
are signs of substantial improvement in the
most important branches of industry. The
monetary situation remains und1sturDed.
Nevertheless the stock market, by many
ure, has been sinking. The wars of
Western, and to some extent OF Eastern rail-,
roads, have disheartened many investors and
caused much selling. 1t is felt, too, that the
rise stimulated by sudden advances In trust
stocks was not of substantial character.
But there has been much confidence that the
enormous half-yearly disbursements by gov
eminent and corporations would cause new
demand and advance in better securities,
and while the movement in July thus Tar mas
hopeful. Reports from interior points are
generally favorable, collections are nowhere
seriously disturbing. The half yearly return
of failures shows a relatively larger
INCREASE in New England ia 18th than ce in
and next in the trans-Mississippi
region this side of the Rocky mountains
about 20 per cent. In the Middle states the
increase has been but Az per cent; thence
to the Mississippi about per cent, and at
general increase of 8 per cent in numbers
there is a decrease of 3A per cent in aggre-
gate liabilities The markets have not
changed greatly during the broken week.
of injury from prolonged drought and heat
in Dakota and Minnesota. where heavy rains
have just improved the outlook considerably.
Other crop prospects continue favorable.
Pork products are weaker, and dairy prod
ucts are coming forward in immense
Leather does not change. but the revised
quotations of wool for the first OF July show
an average advance of about lc per pound,
and it is becoming q serious question
manufacture may not be defeated by an ad-
vance in the material which may keep many
of the mills idle. The price OF cotton has
advanced 3-16, in part because OF scanty
supply of desirable grades. The iron market
remains strong in tone. Southern iron is
still offered in large quantity at $16.5O for
No. 1, and the demand for manufactured
iron is less active. Sales of about 10000
tons steel rails appear to have been on basis
of S29 at Eastern mills. The monetary pros
gold and 81, 1876, AGA silver from New York
a she c snfs 2une of al snds has
been reduced $17,O0O,O0O in June, and
though the aggregate is even now 80, Ooo,ooo
larger than year ago, it is felt that con-
tinued outgo in July would be apt to cause
pressure in September. The New York banks
reported last week surplus of only $780,
900, and the actual surplus probably was not
over S6,000,000 which is not large pro-
portion for an active fall demand. Exports
for five weeks exceed last years by II per
cent at New York, while the imports show
an increase of 4 per cent. Unless grain ex,
ports are fastened by the cut in eastboqnd
on securities, the outgo of gold may con-
tinue. Thus far the treasury disbursements
for the week have exceeded receipts by only
$500, 900, but will be much larger for the
week to come. The business failures num-
her 2O2. as compared with total of 215 last
week, and 220 the week previous.