St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-04
DUN's BUSINESS REVIEW.
The Demand for Money Makes the
Market Closer.

New YORK, April 3.-R. q. Dun &
Co.'s weekly review of trade says: The
actual condition of business does not
improve, however hopeful the anticipa-
tions warranted. The interests of prop
erty in many forms are for the time af-
fected, and meanwhile the usual de-
mand for money in April settlements
has made markets rather closer, though
steady relaxation is expected. Nearly
all the interior markets are quiet and
comparatively easv. Omaha and Gin
cinnati note little closenesS, and
there IS good demand at Chicago and
Cleveland. The collections are quite
generally slow and unsatisfactory, i'm
proyement being noted hardly any
where, but the state of roads is usually
recognized as a prominent cause. The
failures for the first quarter of 1891 have
been 3,545 in number. against 1923 last
year, and the liabilities $42, 167, 631,
against s37, 1872, 968 in the United States,
but more than the entire increase, both
in number and liabilities, appears in the
Southern states alone. The Eastern and
Middle states report fewer failures and
smaller liabilities than last year, but
the western states report nearly as
much increase. In Canada the number
of failures has been 80, against 635
last year, but the liabilities S0.04S.-
234, against s5,529.349 last year
Trade at Boston has been quiet. The
movement Of mems woOlenS is unsatis-
factory. Philadelphia notes slow col
lections in most lines. Pittsburg notes
no important change. and Cleveland
only fair trade, with Cincinnati, Louis
vile. st. Louis and Kansas City in the
same condition. At Peoria local trade
IS below last years and collections very
dull, but makers and jObbers of impIe-
mentS note excellent prospects, sales eX-
ceeding last years, with fair collections
Chicago observes an increase over last
year in receipts of grain and cheese, and
% per cent In wool, no change in cured
meats and hides, and decrease in flour.
lard, butter, and 80 per cent in
dressed beef. Merchandise moves
more slowly than a few weeks ago
on account of bad roads, Memphis
finds trade not yet near the normal, but
at Atlanta it is improving, and at New
Orleans, where sugar is active at lower
prices, rice scarce and cotton quiet
Bad weather affects trade at MOntgom-
cry. and at jacksonville there are fears
OF disastrous spring and summer trade.
Iron does not mend at all, for in conf
dence that strikes WI soon end con-
SUmerS are waiting. The lowest prices
vi ICCCiQ dIC iHdttG DN SOlllC WcTkS IOt
bar iron, and structural moves slowly,
, while wrought is terribly demoralized.
Pig iron is duller than for years, and
buyers generally hold off as to rails dis
liking to help the combination. Coal
IS first, official prices being about
ID cents above last year, but with some
cutting. n better tone is seen in cop
per, and speculation has advanced tin
and lead a shade. The WOODEN manu-
facture is doing fairly, but reports from
the West are that growers look for
high prices on the new clip of wool,
which the present market for goods
does not warrant The boot and shoe
trade Is dull. The rubber spectators
have put new Para at 80 cents, and the
syndicate claims to hold $500 tons. the
worlds consumption being called 800
monthly, Speculation i'm breadstuffS
does not abate, and with sales of 81, 00O,-
900 bushels here wheat is ~ cents
higher than week ago. Corn is a
shade lower, and oats unchanged,
but pork is 30 cents per barrel higher.
and lard 4 Of a cent per pound. Cotton
has not changed, and trading is light:
coffee is "a stronger and oil "a with
small sales. The average of all prices
is shade lower than week ago. East
bound shipments from Chicago for
three weeks show decrease compared
with last year of 10 per cent, and the
Atlantic exports of wheat, -four and
corn are much smaller. But the domes-
tic trade of the country, represented by
bank exchanges continues surprisingly
close to that of last year, because OF the
large advance in prices of important
farm products. The business failures
occurring throughout the country dur
ing the last seven days number 243 as
compared with total Of 256 last week
For the corresponding week of last
year tie figures were 206.