St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-04
Dun'S Review

New YORK. May 3.-R. G. Dun & Co. s
weekly review of trade says: The I'M
precedented interruption of business by cen
tepnial preparations and celebrations has
made the week nearly blank in commercial
or financial respects. At New York accu-
muated orders gave surface appearance of
greater activity on Thursday and Fr:da ~.
but it is yet TOO soon to judge which way the
cities, though nearly all9hopeful in tone, do
not indicate the expected Improvement
The situation seems better at Milwaukee,
satisfactory at Omahn. good at Cleveland as
to most branches. but questionable as to
iron; rather dull at Kansas City and
st. Paul. and less encouraging al,
the chief centers of the grain, iron
coal and leather trades Collections
are far from satisfactory at Milwaukee and
not improved at Detroit, but III other lines
fairly satisfactory. and at New York some
dry goods dealers complain that collections
are too good'-buyerS keep so far within
means Reports about the wool trade are
contradictory. report that the treasury
may not decide the wooden worsted question
for months dsturbs importers who have
quantities of goods locked up, because col
lectors wait for Il decision. Otherwise the
wooden trade shows a little better movement.
Silks are quiet. but linens are quite active.
A fair business in boots and shoes continues.
The paper trade is active. The slow
improvement continues in drugs and
chemicals Recent signs of improve
ment in iron and steel have not been sus
tanned. Here and at Boston Southern No. l
pig has been offered at SIG, and. though by
new companies to Introduce their products.
the effect on prices of other iron is felt. At
Philadelphia, though sales are hard to
make it is said that there is remarkable
feeling of confidence: but at Pittsburg prices
are lowered. sales of manufactured iron more
difficult, and large sale of steel rails at S26
is reported here to have been made by Pitts
burg mill. At Philadelphia structural plate,
sheet and boiler iron are in good demand. At
Cleveland and here coal is dull; the re-
portrd increase in stocks for March is Co.
600 tons and a strike at Pittsburg is
expected. Copper still waits. Tin
is lower abroad and S2O.4O for
prompt delivery here, and lead is very much
demoralized. Wheat goes lower yet, having
sold at 50 "a. corn has declined S4c, and oats
lie since last week Pork is unchanged. with
lard and hogs shade higher Coffee and
sugar are unchanged, but Oil lac higher. In
general the course of prices still tends down
are now so low that not much further decline
is expected, while aquick advance might fol
low revival of demand or speculative conf.
dence. Stocks have been neglected and dull,
but little stronger lii price, with DISPOSE
ton to believe that the next considerable
movement must be upward. The future OF
of the market probably much depends
on the movement of money, and the
feeling of foreign investors: and for
the moment both favor holders, but bankers
look upon considerable outgo of specie as
not improbable, and The policy of Secretary
kWindom. as far as il has been made known,
does not seem likely to cause large tlisburse-
ments before July. The one favorable feat
IRE is. that merchandise exports are still
large. The treasury las taken in during the
week 81, 100000 more than it has paid out
The business failures number Old for the
week, and 2l3 for last week and 246 The
week previous. For the cores ponding week
of last year the figures we re 234.