St. Paul daily globe., 1889-05-25
Railway and Mining Share q
Dun's Review.
SAN FRANCIsC,

New York, May Par. G. Dun & Co.'s
weekly review of trade says: 1.-THE reports
this week are more encouraging. There are
decidedly better crop prospects and better
which have been most depressed. Iron. coal
and wool look better, and better trade in
cotton Is expected to follow the large auction
here on Thursday. Greater activity and bet
ter prices in the stock market reflect feel
ing of increased confidence in the business
outlook. Wool is a shade stronger because
prices asked by growers are much above the
market, but there is little If any change asyet
in the attitude Of manufacturers, The
average price Of 1o4 grades of wool on the
18th was tenth of a cent higher than May
8. The auction Of about ST. 500, 900 worth
Of cottons brought prices 7l5 per cent below
those Of agents, aud is expected to form
basis for more confident trading hereafter;
well as receipts now fall far behind last
years, but the crop reports from the South
are generally favorable, especially from
Texas: There is better feeling. but i, as yet
and steel trade. While Sout hern No.
foundry is still freely offered here
at SIG, the higher grades of No.
1 Western are taken more freely
the decline has been arrested: Bar iron is in
better demand; plate and tank are wanted to
the full capacity of works; structural iron is
fairly active, and there is good business in
wrought pipe at tue 1dte HOVHnce DuC III
rails no change appears. and the run OF
small orders is at about $26.75 at mill. In
anthracite coal an advance in prices June l
is announced. Lead is weaker. Tin has
advanced abroad, and sells here at 2OaBc.
The agreement to hold lake copper at 12c
is not expected by consumers to prevent
further decline, and the buying is therefore
restricted. Accounts from interior cities are
without important change anywhere. At
Milwaukee trade larger than last years is
considered disappointing, because it falls
short of expectations, and that is probably
the fact at many other points. Collections,
however, are rather slow there, and mot
over good" at Kansas City. Money is every
where i'll sufficient supply. The Western
distributing centers are all encouraged by ex-
ceptionalIy favorable crop prospects, which
are also felt in speculative markets. Wheat
has declined 1c to S1Ac. and was even lower
during the week; oats have declined lac and
products are shade weaker. and -four LOO
soc per barrel lower. A little improvement
appears in exports, about per cent over last
year for three weeks Of May, but
the increase in imports is about
II per cent. 1t is an evidence
that gold does not 60 out more largely. The
treasury does not Interfere. and offerings of
bonds are light; in about a month only
IS, 900, 600 have been purchased at 1O8.
whereas over $7,OOOOOO were bought last
year in the same time at lower prices. The
treasury has taken In during the week only
$500, 900 more cash than it has paid out,
the local money market is amply supplied
and steady at 2 per cent on call, and foreign
exchange fluctuates scarcely at all. In short.
no signs of smonetary disturbance appear.
The failures number 229, as compared with
2h2 last week, and 227 the week previous.
For the corresponding week of last year the
f O1,rpc UprQ CCS