St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-01
LESS ENCOURAGING.
The Business Outlook Disaps
points Dealers Everywhere.

NEW YORK, Feb. 28.-R. G. Dun q
Co.'s weekly review of trade says: I'm
| seasOnable weather and growing doubts
about the monetary future do not help
business. and reports this week are less
encouraging. Yet it must he remem-
bered that the reports of dealers every.
where are liable to be much Influenced
by disappointment Of past hopes, so
that they consider trade unsatisfactory
because it is not up to their eXpecta-
tiOns-because distribution does not
suffice to clear away stocks purchased
though the amount of transactions may
be larger than a year ago. To the
trader who bought 20 per cent more
than in any previous season, but
has only sold per cent more,
business is unsatisfactory. The enOr.
nous traffic during the latter part of last
year showed that exceptionally heavy
purchases were made, and the clearingS
indicate that settlements are in larger
amount than year ago, last week show
ing an increase OF 4 per cent at New
York, per cent at Boston, Philadel-
phia and Chicago, and 10 per cent at all
other places. But the prevailing tone
Just now is one of encouragement. Bos-
ton notes little Improvement. The
philadelphia dry goods market lacks
life. At st. Louis the distribution OF
all seasOnable goods is fair in volume
and collections satisfactory. The boot
and shoe trade is fairly active and eX-
pecting the most prosperous season for
several years, but thera is little trading
in wool, with some concessions.
Trade is fairly good, exceeding
last years, at Cleveland; restricted by
warm weather at Detroit; helped bnf
little by colder weather at Milwaukee;
good at Omaha; only fair at Kansas
City, and up to the average at st. Paul
and other points reporting. Collections,
except as above noted, are general ly re-
ported fair, but at Milwaukee they are
slow, and numerous extensions were
obtained. Philadelphia finds the iron
market weak for other than best fou-
dry grades, dull and disappointing,
speculative lots being all the time Of
fered at prices below present cost Of
production, and Pittsburg iron rs weak
er, BesSemer having fallen 81 per to n.
The movement of breadStuffs is still
heavy, and exports both Of wheat and
corn greatly exceed last years.
After a drop of about cent
in each, wheat then recovered to
an eighth above last weeks price, and
corn to &c above, with fair transactions
i'm each. In the stock market the tend
ency has been toward further depres-
sion. as is natural with money working
more closely, and the average has de-
clined 81 cents per share tor the week.
not including trust or industrial stocks,
which have been especially depressed.
The desired monetary relief through
larger treasury disbursements has not
come, and government receipts exc
coed its payments for the week by 81.
100000. On the other hand, foreign
markets are relieved, The Bank of Eng
land has again gained largely, exchange
on Londh has fallen from S4.86 to
s4.s51S f6r actual business, the recent
movement of securities here is be-
lieved to have been outward, and
exports of products from New York
show for the past month an increase OF
per cent over last year, against an IN
crease of 9per cent in imports here:
These figures indicate small excess or
imports for the month and. on the whole,
the chance of gold exports appears re-
mote. The interior money markets,
also, are rather easier on the whole. and
we'll supplied with generally firm rates.
but no indication of large available sur
plus for shipment hither. Until April
the New York market Is liable to work
more closely, with opportunity for man
ipulation. The business failures &C.
curing throughout the country were
3Ol as compared with total OF I'll last
week.