St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-10
BUSINESS is BOOMING.
Changes During the Week Have
All Been Favorable.


New YORK, Aug Or. G. Dun & Co.'s
weekly review of trade says: The changes
in the business world during the week,
though but slight, have all been in the right
direction. There is a little better movement
of products. some improvement in crop pros
poets. particularly in cotton and, with more
confidence and strength in the stock market,
less change in disturbing Withdrawals of
specie for Europe. In manufactured prod
ucts all changes are in the direction of i'm
provement, and the reports from other points
indicate a volume of trade exceeding last
year, and, on the whole, steadily in
creasing. Of all cities reporting this
week, scarcely one notes dizziness
in trade, and though business is rather
inactive at Kansas City. better demand for
trade is fair, considerable building is in
progress, and collections, slow in some lines,
are good in others Omaha finds trade good,
crops never better and collections fair; Mil
waukee notes excellent crop prospects, eX-
cept for corn. and business good: Chicago
rejolces in assurance Of abundant crops, and
dealings in provisions exceed those or the
same week last year by SO per cent, in wool
by 25 per cent, and in live stock and hides
by III per cent. At Philadelphia there is
seen general improvements; at CAL
weston very favorable crop reports give
strength, and at Boston there is a slgniti-
cant hardening of the money market.
The coke strike has ended and removes APP
DrGnenS1On OI t1G ClO5lIl3 VI llst4Iy llOa
works in the Pittsburg district. In pig iron
the price mas advanced about SO cents, and
manufactured iron is strong. The glass
trade is good. The copper producers have
agreed to continue present prices lin is
weaker abroad, but the American demand
larger than ever and lead is dull at 3s5c.
In wool and woolens there is not much
change. Sales have been light and spinners
still NY sparingly. The market for cotton
goods is more satisfactory, but the market
! -,N1I r1frb f1,n
new crop is now expected to be large, and
from two to three weeks early. In
boots and shoes the severity OF COM
petition makes profits very, narrow
rubber is very weak and declining
With steady Improvement in the reports
from the Northwest, wheat has declined
about Sac on sales of 6, 100000 Blu. Oats are
nearly Jc lower, and hogs 10c per 100 lbs.
In oil there is sn advance of l2c, and in cot
Zee prices have been lifted s4c. Sugar is
strictly nominal, with 6l2c quoted as above
any bid at present obtainable, and the nara
tive that an international syndicate is getting
ready to buy Cuba srom Spain and to con-
troll all sources Of supply OF raw sugar, may
be mentioned as indicating the d1fhcultles
which the trust and the Magdeburg syndicate
begin to realize The stock market has been
strong and advancing A rational eXplana-
ton is that railroads are assured OF q
large fall business, and so will be powerfully
pressed to adjust differences If only for
time. The average prlce OF the more acuVe
stocks is about Si.6O per share higher than
week ago, and foreign realizing no longer
appears. The tendency of capital toward in
dustrial combinations may naturally have
been checked of late, and this would lessen
the disposition to realize on good securities.
During the week the treasury has taken in
81 900, 900 more than 1t mas paid out, but
the merchandise exports from New York for
the week were nearly so per cent above last
wears, with an increase of about 20 per cent
in imports The business failures number
POI as compared with total of 2l0 last
week and 216 the week previous. For the
corresponding week of last year the figures
were Q33