St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-03
TRADE IMPROVED IN TONE.
The Country Begins to Feel the
Stimulus of New CronS.

New YORK Aug. 2-R. G. Dun & Co.'S
weekly review of trade: The country be-
gins to feel the stimulus of good crops. New
spring wheat began to arrive at Chicago on
the LIST, ten days earlier than last year. The
st. Louis corn corner has no effect, all album
dant yield is expected and business in all de-
partments is gaining. St. Paul reports i'm
provement in trade, and Milwaukee also, in
all branches. AT Omaha assurance of crops
above the average makes business excellent
In winter wheat regions the improvement
consequent upon good yield mas now been
steady for or. some weeks, Though h.9ng at
quiet. In the iron regions a
distinct increase in demand is felt. and here
orders for 100 new locomotives have been
placed during the week The certainty Of
large traffic also has its effect upon railroad
negotiations. which have made progress to-
ward peace. The fact that, under such ia
voring circumstances the stock market has
gained during the week only 40 Genus on
S1O0in the average Of prices may be attrib-
uted to monetary uncertainties and to the
great volume of securities awaiting buyers.
For the i'll success of the interstate agree
ment and the recent legislation in Western
states have inclined many holders to sell,
while projects for $4,000 miles OF new rail
trial trusts, have caused an unusual body of
new stocks and bonds to be offered, of which
but small part has yet been placed The
money markets of the interior continue gem
active, the market is easy. but at Boston rates
varied in July from to 8, and back to 2 per
cent, and the movement is now active at 3.
Treasury operations have only added $780,
600 to the cash on hand for the week. The vol
ume of trade continues to exceed last years,
at New York ~ per cent, and outside 1212
per cent, according to the clearingS through
banks. Exports for July from New York ap-
pear 14la per cent larger than last year, with
imports Sig per cent larger, but the large
offering of bills against products to be moved
hereafter prevents apprehension; The pros
in wheat during the week, though
corn, oats and cotton for immediate delivery
are fractiOnally higher Pork products have
all declined little, and hogs zoe per 100
lbs to $3.50. Sales of wheat reach S19, 0O0,-
600 bu for the week, of corn 1000. 600, and
quarters stronger, with sales of 326 900 bags
In oil only 8, 100000 bbls have been sold,
and the price is about lie lower. The wooden
industry still hesitates. If the dry goods
market does not soon improve a general
Welding in wool would seem inevitable On
the other hand more encouragement is felt
in the iron business the demand increasing.
Bar iron is stronger, plates more active at
full prices and rails strong though at present
without considerable sales. The coal trade
Is still sluggish. Copper has not nominally
changed, and tin has been weaker abroad,
in speculation, rising to cents In the
boot and shoe and leather trades the feature
is the impOrtunate demand OF buyers for
speedy delivery of goo0S. No unsoundness
In the trade has been suspected The gen
eral movement of prices in July was up
ward, averaging per cent for the month.
The business failures number 210, as COM
pared with total of DIG last week, and 20S
the week previous. For the corresponding
week Of last year the figures were PIG.