St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-15
THE OUTLOOK IMPROVED.
Money Is Easier and Business Is
Better.

NEW YORK, Feb. 14.-R. G. Dun & Co.'S
weekly review of trade says: The business
outlook is somewhat more favorable. While
large amount of money has gone into the
treasury, Rates here remain moderate anG the
market easy. All interior markets are also
easier, for while Kansas City is firm at usual
rates, the demand there is moderate. and
though the Milwaukee market is fairly active
St. Louis, Detroit and Piltsburg the market
is easy at 6@07 per cent, at Philadelphia
rather stagnant at 5A@6 per cent;
at Boston better supplied at 5l2@6l2
per cent, funds having been received
from New York. and at ali other
points the market is paratively easy. Re-
ports as to collections are satisfactory, with
few exceptions; Milwaukee notes only mod
erately good" collections Kansas City rather
qniet, Cleveland rather slow, and Detroit
slow from country towns. There is still no
really adverse change in the iron business.
and the weekly output of furnaces Feb. i
was 1T3, 651 tons, againsl 174.03S Jan. l,
gain of 1876 per cent over the output of
year ago. The demand for pig does as not vet
indicate probable advance IN price. and at
Pittsburg BesSemer is a little weaker but
other iron rather stronger, because of the in
crease OF IL per cent conceded iii wages of
coke workers Thus with a reduction of 30
cents in Western freights, makes a difference
in favor of Southern and against Western pro-
ducers. but there are now reports of proba-
BILE strike in the Alabama coke works. At
Philadelphia rails are steady, but not
stronger, resales of large lots taken for specu-
lation at 81 and S2S having caused weak
ness. There is no snap in the demand for
bar, and the market tor plates is dull and
disappointing" with no great activity in
structural iron, nails being dull and old rails
lower. Copper and tin are lower abroad.
selling here at 14Ac for lake and 255sc for
straits, and lead is lower st about So. go.
No relief appears in the coal business, and
the February tonnage has been reached BY
agreement to 100000, the output in Janu-
airy having been 320,OO0 tons below that of
last year. The textile industries present
a more hopeful aspect. With steady
and strong demand for goods cotton manu-
facturers have increased their takings of cot
ton largely since Jan. l, so that the aggregate
now exceeds that of the last crop year to
date. There is better demand for wooden
goods also, though the manufacturers pursue
a conservative course. The speculative mar
kets have not tended upward during the past
week. In wheat, with sales of %, 600 900 hu
here, there has been decline of ssc. and in
corn. with sales at 49, 10000 bu, decline
of s4c. the current price even at the sea
board being only 35Ssc Oats are also 6sc
lower, and pork products unchanged, as is
oil, with small transactions. The specula-
ton in cotton has been enormous, sales
reaching $4,000 bales for the week, with an
advance of quarter. Coffee has been
steady, with moderate sales, but sugar a
100 lbs below the trust prices continue
to weaken the refined, though the
trust stock has been vigorously advanced.
The exports of wheat and flour have fallen
much below those of the same time last year.
while corn exports continue large. The gem
| eral level of prices, Notwithstanding the de-
cline In breadstuffs, is about half of per
cent higher than Feb. 1. For the past week
the treasury has taken in S4.OO0,OOO cash
more than it has paid out, and while its dis
bursementS for pensions are expected to be
| large. further purchases of bonds i'll large
amount are not anticipated. If no further
| supplies of money return from the interior q
| closer market will naturally result before
April l. Exports of merchandise for half of
February have been fully up to those of last
| year, but from this time some excess of i'm
| ports over exports is probable. The business
| failures number 302, as compared with a
| total of 321 last week. For the correspond
| ing week of last year the figures were 2S9.