St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-17
ENCOURAGING PROSPECTS.
Dun & Co. Say All the Changes
Show an Increase in Trade.

New York, Aug 16. r.. G. Dun & Co.'s
weekly review of trade will say: In all d1-
rections business prospects continue encour-
aging and the changes during the past week
have been on the right side. Exports in
crease. and a speculative rise in breadstuffs
has been checked. Interior cities report in
crease in the volume of trade, and the money
markets continue amply supplied, though
rates are gradually hardening. The great
condition as last week, with clearer evil
dence of improvement in iron. Fur
ther crop news sustains government
advices and estimates as to cotton,
ing impression that the August report as to
wheat was less favorable than the actual sit
uation. In spite of sNall advances in some
products, the general fange Of prices has not
materially changed. and railroad earnings
continue good, though all controversies have
not as vet been cleared away. Telegraphic
reports from interior cities all agree that the
crop prospects are excellent, and that the
banks are as yet amply supplied with funds.
While the demand for money is slowly in
tious at some points, there is no reported
change Of rates at any Western center, and
scarcely any QuOtable change at Boston or
New York. A new treasury arrangement
disseminating telegraphic transfers, but pro-
viding for more extended though less prompt
tioning as to Its probable effect upon the
markets, but it is thought likely to lessen
the force Of the interior demand upon
the New York resources. The treasury has
plus has risen above $40, 900, 600, but there
is confidence at the department that bonds
will be freely offered whenever there is any
need Of more money in the principal mar
kets The impression among bankers, how
ever, is that most Of the floating 4 per cents
hold for lR tinn In the belief that the
treasury will be obliged to raise its price. In
one way or the other there is faith that need
ed money will get into circulation. The ca
pacitv of iron furnaces in blast Aug. l was
and 1889 year ago. Notwithstanding
this increase for the month Of over 3 per
cent in the output. prices of pig
iron are everywhere well maintained,
and Bessemer iron at Pittsburg is ad-
vancing. The settlement with coke
workers and advance in wages Will do
doubtless cause coke to advance to $1.25 or
$1.50- per ton. and so compel an advance
In iron products with Connellsvllle coke for
fuel But the character of the market
and best known brand, demand exceeds
supply. but for other kinds the reverse seems
yet to be the fact. Bar, plate and structural
works are full of orders for the present.
and prices are firm, while nails are also in
better demand, but the sales OF rails are
small, without change in quotations. Wool
is dull dealers waiting for an advance and
manufacturers for fall in prices. the mills
meanwhile working much below their full
capacity But there are some signs OF i'm
provement in the clothing trade. With sales
of only Z, 900. 900 bushels, wheat advanced
&c, reacted and closes only I2c
higher than a week ago. Corn, with sales of
100000 bushels, rose nearly lie, but
closed with only 14c advance, oats retaining
the Use of 4c. The bureau report en-
couraged some speculation for higher prices,
but it was soon seen that in any case the sup
ply of wheat would probably exceed all home
and foreign demands. Oil took a speculd-
tive dip of DC and recovered about &c with
no visible reason Pork products are gener
ally lower and cotton unchanged for spot,
with print cloths weak at S3.S7. An adj
vance in some styles of cotton goods is by
many expected, and the jobbing movement
is large. In general the dry goods trade has
opened with more activity than was anticl-
able fall business is strengthened. The trade
in drugs and chemicals at Philadelphia has
also notably revived, though dyestufs are
still dull The coal trade is fiat and disap-
pointing, and anthracite stove is said to be
actually selling at 81, but, nevertheless,
another advance in nominal prices of loo to
15c per ton is proposed for Sept.
l. Copper is strengthened by re-
ports that the syndicate of producers
has been entirely harmonious, and Tin is
stiffened by foreign advices to 2O.4Oc The
day. when slow decline set in. but as yet
without important change. The later ad-
vices do not tend to increase confidence in
the settlement of Western quarrels, but the
earnings continue to exceed last years.
though but little, per mile operated. Con-