The true northerner., 1891-07-22
MARKED FEATURES
OF THE TRADE REVIVAL OVER
THE COUNTRY.

European Money Market Now Quiet-Pig-
Iron Trade Experiencing a Pronounce I'll
Boom-The south Only Il stationary
The Wheat and Corn arkets.
In speaking OF the revival of business
now so noticeable. X. q. Dun ~ Co. s
review of u ade says:
The general confidence is strengthen
cd by the financial news from Europe,
which indicates that disturbance of the
money markets from that quarter need
not now be feared, and by the change in
the foreign trade Of this country, which
points t. material reduction OF bal
ances payable abroad in specie.
There is a remarkable increase In the
production of pig iron, almost 10 the
unpIe edented figures OF last year. The
sudden increase In production is not in
all respects a favorable SYM tom. No
corresponding Improvement in the de-
mand for manufactured PRODUCTS is yet
seen, and the stocks unsold at only a
part of the furnaces are now recorded
as amounting 10 about 4S0, 600 tons,
showing a very large increas,, partru-
larly in coke iron. Unless the demand
rapidly inn rOveS the market must soon
weaken so far as to test severely the
ability of some Of the concerns TO con-
tinuc reduction. Already there is per-
ceptible weakening in the market at
PhiladelI hia and some concessions in
price are noted for pig iron and for
plates, while the market for structural
iron is extremely dull.
As usual of late the demand for rails
is scanty, the demand for railroad bonds
being still dull and disappointing.
Reports from other cities are gener-
ally hopeful. Some improvement in the
demald for goods is seen at Bos on.
Pros ects are considered brighter at
Philadel phia. In spite of the usual
dullness OF the season an improving ten
dency il seen at Buffalo, and lake ship
ping rcviveS at Cleveland. with larger
demand than a year ago Orders for
clothing are good at Cincinnati. and tho
retail trade in dry goods is brisk. At
Detroit manufactures move very fairly,
and at milwaukee, trade is helped by i'm
proving crop prospects.
Receipts Of wheat, dressed beef, wool
and hides at Chicago show great in
crease, and new wheat comes in liberal
ly, 50 per cent of il grading No. =. The
c othing and shoe trades show a large
increase over last week, though in dry
goods the trade shrnks a little.
At st. Paul trade is backward but
prospects afe good and for Minnesota
are especially bright. Bank clearings
at st. Louis exceed last years by per
cent, and money is going out to crops
along with freedom, while general trade
in all lines is of tair volume
At other Northwestern points, without
exception, excellent crop prospects are
noted as promising improvement. At
Nashville trade is fair, but dull at Mem
phs, unsatisfactory at Lite Rock, fall
ing off at Savannah, and sluggish at
New Orleans though better demand is
seen for cotton. At Jacksonville trade
is better, with crops in good condition.
The collapse in wheat speculation has
come with a fall Of S cents during the
past week, but corn is scarce, and 81
cents higher. while oats have declined
about i cent. Pork and hog products
@ higher, coffee has risen quarter,
and oil the same, but cotton is unchang-
ed, and the general course of prices has
been downward, as is natural at this
season. the fall during the past week
having averaged nearly u of per cent.