St. Paul daily globe., 1889-02-09
AN.UPwaRD TURN.
r. G.. Dun & Co. Say the Advance
in the Price Of Commodities
Anput.S We'll Far. tjsa Future

New YORK, Feb. s.--R. G. Dun &
Co.'S weekly review OF trade will say:
The average price OF commodities has
taken turn upward during the past
week. The advance has been about l
per cent in the aggregate. and is shared
about equally by speculative and n6l-
speculative articles. Outside New
York the payments through clearing
houses in January average about % per
cent larger than last year. and Ethe
colder weather tends to remove an; I'M
portant cause of depression. Pork has
declined soc per barrel, lard a fraq-
tion and hogs 15c per 100 poilnds.
115c in corn and 1c in oats. Wheat has
risen 214c, with reports. that
powerful combination at Chicago has
cornered May deliveries, aud the mar
prices has grown wider, Chicago being
the higher. The highly artificial nature
of Western prices needs no further
proof than the fact that, in spite OF the
difference, wheat is still shipped from
the West and from Chicago to, New
York. Oil has advanced &c, and cotton
&c. The iron trade is thought by some
to have touched bottom. The Thomas
Iron company has named $3.50 as its
contract price for grey forge, equal to
S15 for Southern iron at tideWater, but
has not yet decided upon its opening
price for the foundry grades. Some
Southern sellers have Withdrawn from
the market, and except for Bessemer
pig no further depression in price ap-
pears. No change appears in rails.
Coal is phenomenally dull, and many
collieries are stopping. The syndl.-
Gates stock Of foreign copper increased
4,300 tons in January. Tin is steady,
and the latest sale Of lead was at SS,75.
Business is almost everywhere called
quiet. but when comparisons are
made. some excess over last
land about 25 per cent. There is
nowhere complaint as to the supply, of
money. The government report makes
the volume of money in circulation
S1,40S, ,OOo,oU0, against 81, ,406. .00e,O00 Jan.
l, the larger Increase being in gold
certificates and the principal decrease
in silver and bank notes. During the
past week the treasury has added
So, 700, 600 to the circulation. The stock
market has been stronger. A general
change in tone has come. The final de-
ciSion of Judge Brewer, adverse to the
Iowa railroads, is IF consequence not
only to them, but to others which have
hoped that the principles Of his earlier
decision would shield them against
state enactments. Reports of cutting
of rates are more definite and frequent.
The earnings are still large, and, there
is a growing belief that positive I'M
proYement will in some way result for
shareholders. Foreign trade continues
large, and for five weeks imports show
a gain over last year OF SO per cent,
and exports gain OF II per cent. The
business failures number 303, as COM
pared with a total of 3332 last week and
342 the week previous. For the CORE
spending week of last year the figures
were 2S9.
oMBARD INVESTMENT COMPANY, Boston,
II Mass. Capital and surplus 81 ,600,0 ,000 No. $50
Leadenhall ST., London E. C. Eng. Western office,
Kansas City, Mo. Loans on st. Paul and Mime
apolis Real Estate and Improved Farms in Mime
sofa and Western Wisconsin promptly closed; No
applications sent away for approval. Is. Lombard,
Jr., President; James L. Lombard, Vice Presl-
dent and General Manager; Lewis Lombard. Sec
ond Vice President; William McGeorge, Jr., Third
Vice President; W. T.. S.enZel, Fourth Vice Pres
idcEt and Assistant General Manager; William, A.
O. @ Tn,,I nto