St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-06-27
DUN's REVIEW.
improvement Begins to Set In
Slowly.

New YORK, une 26.-R. G. Dun & Co.'s
weekly review of trade will say: Signs of
improvement in business grow more frequent
and distinct. though there is nothing like a
radical change as yet The hesitation which
has prevailed during the year gives way but
slowly to increased confidence. the more
slowly because of few failures in woolens
at Philadelphia and in leather and shoes in
the East Yet the soundness of the CONNER
cial situation is generally recognized, and the
hesitation which remains is rightly attrib-
nted mainly 10 uncertainties regarding
the demand for gold from Europe and the
financial situation there While gold con-
tinues to leave England for Russia, the bank
ing institutions of Western Europe are well
supplied, and in this country treasury dis
bursements have been enormous. The ore
point of danger is still the exceedingly
strained condition of credits abroad on &C
count of past disastrous speculations. The
reports from other cities are on the whole
more encouraging than q week ago. Fail
ures gave surprise at Boston and delay con-
fdence
Trade i'm proves at Cleveland. and fall Or
ders are very fair and manufacturers busy at
Cincinnati. At Chicago trade in dry goods,
clothing and shoes is larger than year ago.
and payments very good, receipts OF wool be-
ing double last years. of wheat more than
double, with slight increase in flour, cheese.
butter and hides, but decrease of fully one
half in dressed beef and cured meats. and
third in lard Money is active, and transac-
tons larger than ever before for the season.
Reports from other cities in the Northwest
are uniformly favorable as to the crops,
and generally show some improve
ment in trade. At Omaha crop re-
ports are very good and trade fair.
At st. Paul business is fairly
active and the outlook especially favorable;
at st. Louis trade was checked some during
the week by heavy rains, but an active de-
mand appears for staples, with good busl-
ness in shoes, paints and oils, and crop pros
poets all that could be desired. Slight i'm
provement is seen at Denver, with the crops
never better
The speculative markets have declined in
almost every direction. but without panic or
excitement. Wheat declined 17Bc with sales
of "a, coo, 600 bushels. The fall being resisted
by reports of damage by storms, and also by
the large export demand. Corn has declined
Sac, and oats Nc, pork SOC per Dbl, and lard
is lsc lower, and in wool more
concessions are noted at the West
Gold exports continue, not only because
there is large excess of merchandise over
exports, but because financial troubles in
Europe have forced large sales Of American
securities, which are now being delivered.
The state of foreign trade is little more ia
vorable than 1t was year ago, merchandise
exports at New York for three weeks being
Al per cent larger, while in imports here
there is a considerable decrease. Neyerthe-
less, the excess of imports over exports in
June 1899, was very heavy. Money contin-
terror and the market here is well supplied.
The business failures occurring throughout
the country during the last seven days num-
Der pa, as compared with total of 253 last
week. For the corresponding W eek Of last
year the figures were Pug.