St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-03
DISCOURAGING PROSPECTS.
The Outlook for Legitimate Bust
ness Less Favorable.

New YORK, May 2.-R. G. Dun &
Co.'s weekly review of trade says: The
outlook for industries and legitimate
trade is distinctly less favorable, owing
to damage to wheat and cotton, and
labor disturbances, A special cotton
report from Memphis indicates planting
q per cent against So per cent at this
time last year. unfavorable weather in
53S out of Cos returns material injury
from too much rain, and extensive loss
from floods. Galveston crop reports are
also gloomy, because of too much
rain, and st. Louis reports unfayor-
able weather, while the markets
at Chicago have been much influenced
by information of injury from wheat.
From st. Paul, Omaha and Milwaukee,
reports of the outlook are more favor
able, but short crops of winter wheat
and of cotton would be felt in all trades
next fall. 1t is most encouraging that
the labor demonstrations have thus far
led to no violence, and in number of
cities the desire of employers to avoid
strikes has caused full or partial con-
cessions. AS yet the markets for mater
ials have not been much affected, though
sales of lumber are restricted
in some cities. The immediate
prospect is that many industries may be
to some extent disturbed for weeks to
come. The general averages of prices
is nearly per cent lower than week
ago, Notwithstanding rise of 81 cents
in wheat, due to reports of injury. The
exports, both of wheat and -four, con-
tinue large. Corn made no advances
during the week, and oats declined
quarter. Hogs were 10 cents per 100
pounds lower, but pork and lard
were advanced a little by specula-
ton, and oil rose 3 cents. Cotton
rose three-SiXteenths. Coffee was I'M
changed. Raw sugar did not change,
but crushed was advanced all eighth.
Iron was lower at Pittsburg, but with
more sales. and not changed at Phila-
delphia, but Southern blocks were sold
here at $16.75 for No. /. Steel rails are
quoted at 1913, buyers claiming further
concessions. The market for bar iron
is languid. for plates only fair, and for
structural not up to expectations. A
sale of 100000 pounds of lake copper to
consumers has stitfened the price TO 145sc
and tin is stronger OH foreign Specula-
ton, and lead on the prospect of legis-
lation. The reports from other cities
are generally favorable as to volume of
business, and bank clearings show an
increase over last year of 10 per cent.
At Boston wool is stronger on some
grades that are scarce. and a better de-
mand is seen, sales reaching 100000
pounds, and yet no improvement what
ever is detected in the market for goods,
there or here. Difficulties in the cloth
ingtrade don abate, and apprehension
of more failures causes uneaSinesS in
this and other cities. Leather is stronger
at Boston and Philadelphia, and hides
firm with domestic higher, the boot and
shoe trade being in good shape, with
some advances in prices on new orders.
Chicago reports the usual increase in
movement of grain and meats. and in
creasing sales of dry goods, but stag
nant clothing trade. st. Louis notes
fair distribution in seasonable lines, and
the trade at other Northwestern cities
is generally fair to brisk, though at
Kansas City the activity is mainly in
grain and live stock. Cleveland finds
general business larger than year iges