St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-25
E. r. BARDEN,
GRAIN COMMISSION
Wheat, Corn, Oats, Barley, Baled Hay.
IA Chamber of Commerce. st. Paul.
TRADE Is Rather QUIET.
1t Cannot Be said That Business
Is Improving.


New YORK, Feb. Or. 6. Dun &
Co.'S weekly review of trade: 1t can
hardly be said that business has i'm
proved during the past week. and the
accounts from interior points almost
quiet, or at best fair. The clearing
Iouse reports continue to show gains
over last year at majority of cities,
but the number falling behind is larger
than it has been of late. This weeks
reports show in the aggregate, outside
of New York, gain of 1917 per cent,
but large part of it is due to stock
speculation at Boston. at Chicago and
some other Western points grain specu-
lation has in like manner inflated
bank transactions, but general con-
tldence in the future continues.
The failure of all railroads to assent
to the president agreement, with I'M
favorable reports of earnings from
some roads, has caused some depression
in stocks, and the closing ON Thursday
was about 81 per share below last
weeks, but stronger market appears
this morning. The net earnings over
operating expenses on 1877 railroads for
1888, amounted to 1885, 1866, against
s25S, 972, 626 in 1887, showing loss OF
about per cent for the year, of which
the greater part was in Northwestern
railroads. The iron trade seems rather
more steady Southern No. is quoted
att SIT. Bar iron is still irregular. The
sales of rails in January are officially
reported as 494,441 tons, against only
394 ,S37 in the same month last year, and
some works have new contracts to keep
them busy most OF the year. The coal
market is glutted by excessive prOduc-
ti6n. Copper sells for $3.50 for lake,
and the output of the Lake Superior
mines in January was 4,557 tons, against
1855 last year. Tin is weaker at $3.50.
In breadstuffs there has been stronger
market. Atlantic exports do not i'm
prove and corn goes to Europe in great
quantities in place Of wheat, while the
exports of wheat from the Pacific ports
are remarkably large. But wheat has
risen 2Bc since last week. without
change in corn. while oats have de-
clined re. Pork is steady and lard
stronger, while hogs are weaker, each
10y 15c per 100 pounds. Cotton has risen
&c. with sales here of 100000 bales.
Coffee is &c stronger and oil nearly lie
lower. The general average of prices
for commodities has declined during
the week. Interior cities all report
money in ample supply, and nearly
all report collections slow. or somewhat
backward. The treasury has again in
creased the circulation about S9O0.OO0 by
excess of disbursements over receipts
forsthe week. A noteworthy improve
ment is seen in exports from New York
for this week. The uncertainty as to
the movement Of securities does not
diminish. A considerable withdrawal
OF foreign capital seems just now the
only apprehended change which could
seriously disturb the money market for
some time to come, and of this there is
as yet little indication. The business
failures numbered 270, as compared
with a total of 2S9 last week and 303 the
week previous. For the corresponding
week of last year the figures were 270.