St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-14
THE WEEKS BUSINESS.
Foreign Influence Again Dis
turbs the Money Market.

New YORK, March 13-R. G. Dun's weekly
review of trade says: Foreign influences
have again disturbed the money market Il
little and increased the prevalent conserva-
ism of feeling. Directly, the effect here
should be slight but IL is impossible to say
how the already strained condition at Lon
don may be affected, and serious pressure at
London would be felt i'll sales of securities
here. The prospect of new railroad build
ing, and consequently for rail production,
Is not helped by the monetary situa-
alton and stocks have been consider
ably weakened. But there is more active
peculation in breadstuffs. pork products and
cotton, which have all advanced, and the
outlook for farmers has rarely been better at
this season than it is now. OF the great in
duStries nearly all are extending ana employ
ing labor fully, but the coke strike and other
causes have produced a remarkable shrink
age III the output of iron. Reports from
other cities are fairly favorable. Boston notes
more BUYERS of boots and shoes from all
parts OF the country but their dealings are
very cautious, and they refuse any advance
on last years prices. Some kinds of leather
are higher again. but domestic hides are
more freely offered at lower prices.
Wool moves steadily; lumber is
fairly active and coffee strong.
At Philadelphia the wool Trade is active, with
light Supplies. At Chicago the dry goods
sales considerably exceed last years at the
same time. but the payments are not so good
as were expected. end III clothing and boots
aud shoes The situation is the same But
building permits this year exceed last years
to date by oDethird. Wool receipts are
larger, wheat much larger, and cured meats
show an increase compared with last year;
ana hides. oats and rye are about the same
but in -four, corn. barley, lard ami butter de-
crease appears, and in dressed beef decrease
of half PittSburg notes no change i'll iron
or rails, but some improvement i'll
window glass. At Cincinnati whisky
advances with good sales and sales
of tobacco are heavy. Cleveland
notes hopefuiness for spring trade and De
troit observes a prospect for great activity in
building. West of Chicago heavy SHOWS and
bad weather have had such influence, i'm
peding the lumber trade at Minneapolis,
though prices are good and the outlook eX-
ceilent and at st. PaUl the jObberS are salts
fed. AT st. Louis distribution in all lines is
regarded by the weather; at Omaha trade Is
qniet at Kansas City average. and at Den
yer slightly improved in spite or heavy
SHOWS. Reports from the entire South are a
shade brighter, because cotton has recovered
slightly in price. Baltimore reports trade
ahead of last year; New Orleans finds
cotton receipts moderate, sugar dull and rice
firm. Savannah deems the prospect very
bright and at Atlanta the better price of cot
ton helps. but at Memphis depression con-
tinues, and Louisville trade is slow. At the
South little is said of collections, but through
out the West com plants of slow collections
grow more FREQUENT and the money markets.
though nowhere positively stringent, are
generally firm, with d more active demand.
The vOlume!of,buslness continues larger than
year ago, but the range of prices, farm
products included, is over 10 per cent higher.
and has ADVANCED ll2 per cent during the past
week. Wheat rose 45Sc. but reacted about lc
Yesterday sales for the week being 56,000.000
bu Considering that Western receipts
steadily exceed last years, while the reports
of foreign scarcity are not sustained by eX-
ports which still fall far behind last year (.
the speculation is venturesome. Corn has
advanced 4I2c, and oats 2l2c for the week on
fl1nr Iary coll ho az "a =
risen 1sc. But all the speculative markets
have to reckon with the possibility of scarce
money before long, as the drain from the
city to the interior continues. The business
failures occurring throughout the country
| the last seven days number 273 as compared
with a total of 20 last week. For the cor
| responding week of last year the figures
! were go.