St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-25
DUN,S WEEKLY REVIEW.
Speculation Keeps the Week
From Being a Dull One.

New YORK, April pr G. Dun & Co.'S
weekly review of trade says: But for spec
ulatlon this would have been a compare
lively dull week; but sales of 112,00O,000 bu
of wheat i'll this market and $4,000 bales of
cotton and :, "a, 900 shares of stock have sup
piled certain activity, though not Of the
most wholesome kind. In the interior bust
ness has been somewhat improved, but many
causes combine to prevent great activity.
Prominent among these is the reaction from
excessive real estate speculation and building
which has prevailed for years III, in
depression is explained by the fact
that 10000 new houses have been
added in eight years. The strikes in build
ing trades tend to cause dizziness where &C
uVlty had been expected, and the threatened
strike of coal miners in several states also
retards operations But on the whole the
volume OF business is large for the season, in
amount of bank exchanges close up to that
or corresponding weeks last year, and east
bound shipments from Chicago for three
weeks have been 200071 tons against 213, 10S
for the same weeks of 1890. The symptoms
are those of waiting rather than of reaction.
The merchandise movement at Boston has
been fair, in wool slightly larger without
much change in goods, and in boots and
shoes with better reports from agents,
while leather and hides are quiet.
At Philadelphia the coal and iron
trades are more active. Worsted mills are
running full time at good prices. AT Hart
ford it is noted that goods do not justify the
higher prices said TO he asked for the in
creased clip of wool. AT Baltimore trade is
only fair. but manufactures active, and at
Cleveland better weather brings some i'm
provement, with unusual activity in manu-
featured iron. Cincinnati also notes improve
ment and great activity in building aud ma
terials, and Detroit finds better trade with
better country roads At Chicago wool re-
ceipts gain third over last year. and wheat
receipts are larger, but decrease appears in
flour, corn, meats, lard and hides. Dry
goods sales equal last year tor the same pc
Rod. Trade is fair at Kansas City and
Omaha and better at Denver. Cotton
is quiet and lower at New Orleans,
and Sugar active and lower, general trade
being fair. At Savannah trade slackened
slightly, and is rather dull at Jacksonville;
but extensive. investments in phosphates,
with heavy shipments, cause activity in the
part of the state where there are deposits.
/ The money markets are generally undis-
turbed and comparatively easy. Conditions
improve slowly. The treasury continues to
pay out more than it takes in, though but
little this week, the net addition to the circu-
lation being about SS0000l. There are re-
newed signs of foreign selling of securities
on the recent rise, and it is not to be expect
ed that large gold exports in the summer can
be prevented unless breadstuffs SO decline as
to permit a free movement prior to June
Wheat has risen 234c with enormous specula-
tive transactions, ana has been.even higher,
the markets of late showing heavy realizing.
Yet, exports from Atlantic ports continue
far below those of q year ago. although the
quantity available for export after supplying
all domestic demands for the crop year is
still over 100000 bu. Belief in short Eu-
ropean crops next fall is the chief excuse
given Cor the speculative advance, but it is
early TO decide what crops other countries
will harvest four months hence. Corn has
declined quarter. but oats are half a cent
higher. The continued great receipts of cot
ton have depressed the price 1-16c. and oil is
&c lower, but coffee lSc higher. The offer
ings of European refined sugar seem
to have called American refners
to order very quickly, and without any
change in the price of raw sugar refined has
dropped from Ac to l2c. The change in
average prices of all commodities has been
but a Slight advance for the week, in spite OF
the rise in wheat, for manufactured products
tend lower on the whole Heavy liquidation
puts tin down to 19l2c and lead to S4.15, and
large importations cause tin plates to be Of
fered at some decline. The coal trade does
not improve, though agents have fixed upon
2,500000 tons as the output for May. The Le-
high ignores the decision in the Coke case,
but the threats of strike in bituminous mines
affect the prospect. The business failures
occurring throughout the country during the
last seven days number PCS, as compared with
a total of PSI last week. For the correspond
ing week of last year the figures were 21S.