St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-21
MINING SHARES.
AN ENCOURAGING OUTLOOK.
Continued Increase iu the Vol
+. ulne of Business.

New YORK, July Or. G. Dun &
Co.'s weekly review of trade: Another
week has brought still better crop pros
poets, continued increase in the vol
ume of business. more definite assur-
ance of the passage of the tariff bill
with its essential features unchanged.
and therefore more confidence in those
industries which look for help from the
measure. On the other hand, the pas
sage of free silver coinage bill in the
senate has raised some doubt whether
the two houses may not finally disa-
gree. Expectations based on currency
expansion are therefore little
less confident. But the money markets
work easily everywhere, and the con-
tinued exports Of gold as yet cause
neither disturbance nor apprehension.
Reports from all parts of the country
continue encouraging. SeaSOnable goods
are in better demand with warm weather
at Boston: boots and shoes and leather
sell freely at firm prices; sales of wool
have been 100000 lbs, with slight con-
cessions to buyers; dry goods are quiet
and woolens particularly dull. Phila-
delphia has very healthy trade in
leather and boots and shoes, with quite
retail "boom." Chicago has receipts
exceeding last year In grain, meats,
hides and wool, and larger sales of
dry goods; the fall clothing trade opens
we'll and the shoe trade is ex-
cellent, and in general the prospect
is good for more than the usual fall
trade. ST. Louis reports trade of large
volume in nearly all lines, with pros
poets improving. Minneapolis lumber
manufacture surpasses previous sea-
nd 10 II
and St. Paul notes better trade with
bright crop prospects. Milwaukee finds
the best of crop weather helping trade,
and at Omaha business is active. Speedy
settlement of strikes at Denver is ex-
pected, and business is good, but at De-
troit strikes still curtail local trade and
wool moves slowly. aPittsburg notes
some sagging in the iron and steel mar
ket. and window glass works have
closed for the season, but flint glass
is active. Other Western and
Southern reports are of the
same general tenor; better weather
and brighter crop prospects stimu-
late trade in all directions, and collec-
lions are good. The great industries
are waiting action in congress, which is
by many expected to give them new
impetus. Bar iron is fairly steady. The
WOOl lldI kCb SuOWS SOlllC olGlS VI ICdC-
ton. The cotton manufacture was then
the departure of artificial speculative
prices for cotton. In all its departments
the business in hides, leather and boots
and shoes is active and promising. with
better prices maintained. Copper adj
vances. Lead is quiet, but strong; tin
is weaker abroad and here, and there is
a stronger tone in the coal market, with
expectation Of an advance in prices July
1. The state of foreign trade is fair for
the season. Exports of breadstuffs, pro-
visions, cotton. petroleum and cattle for
May amounted to S36,412,874, Or per
cent more than last year, in spite of a
great decrease in cotton, all other items
gaining. For three weeks of June eX-
ports from New York show decrease
compared with last year of 2.S per cent,
and meanwhile imports, being tenn
porarily swelled by prospect of higher
duties, exceed last year by 20.6 per cent.
Wheat has declined quarter for the
week, with no change in corn, and With
pork Csc per barrel lower. The alleged
market for coffee is unchanged, and oil
is alshade higher, with butter and eggs,
butsugar has declined an eighth for raw
and refined. The business failures Oc-
curing throughout the country during
the past seven days number 1919, as COM
pared with total of 212 last week. For
the corresponding week of last year the
figures were 220.