St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-07

cations regarding legitimate business con-
tInue encouraging. AT the same time tbero
is renewal of speculative excitement. based
on the prospect that silver bill will speedilv
pass both houses. and in such form that en-.
ecutive approval can be expected II is dif-
fcult at this time to distinguish between the
merely speculative and the more substantial
improvement but in this instance there is no
room to doubt that conditions are imnrov;no
for productive Industries and for legiti,
hr as 1u Wonde Hf1P prospects have
look for better times are no
longer forced to account for a hopeful and
confiden. tone in the face of short crop ont.
look. The general average of prices has not
been aftected much as yet, but has turned up
ward, and manufactured products with bread
stuffsi show general tendency to advance
The reports from other cities are. almost
without exception, favorable. Boston notes
not much change, but higher prices obtained
Tor boots and shoes, with even more advance
III hides and leather, and large sales. Wool
is quiet and firm, butmanufacturers are look
ing for some advance on lightweight goods.
Cotton goods hold the late advance, and lum.
Der is firm with good business. Philadelphia
has reported three mill failures in
OF .sthe spindies there idle, but
the situation in wool is one of waiting Iron
improves. coal stiffens, the liquor trade is
more active and leather and boot and shoe
uittu0o olO PiedsSu. LII DUlllnS. May showed
decline of more than third from last year.
Plttsburg notes improvement in iron and no
expectation of trouble about the new scale
OF wages. Cleveland finds trade good and
iron improving, and at Detroit trade bright
ems with crop prospects. In general, through
out the West the rains have made the out
look very much brighter, and business every
where improves accordingly. Chicago notes
increase in movement of all grains and
meats, better trade in dry goods, and fairly
good in boots and shoes, with good payments
in all. st. Louis finds the situation generally
favorable, with bank clearings exceeding all
past records. At Milwaukee, ST.
Paul, Kansas City and Omaha, the
Improvement in crop prospects stimulates
trade. AT Salt Lake trade is active for the
season, with real estate firm, and at most
places decided gain in cotton prospects gives
new activity. The great industries show the
general tendency toward improvement In
iron weakness appears nowhere, while adj
vance in many quotations is reported. Large
sales of steel rails are reported with $1,000
quoted here as minimum. The wool man.
u! nfacture does not improve SO clearly, but
there is distinctly more confidence that some
improvement in prices of goods which are
now subjected to foreign competition may
be realized if the house tariff bill passes the
senate also. The speculative markets are
generally stronger. The monetary prospect
in all parts Of the country is favorable to
business activity. Business failures through
out the country during the last seven days
number, for the United States 179, Canada
&c; total 205, compared with 218 last week.
For the corresponding week of last year the
figures were 200 in the United States and %
in Canada.