St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-17
DUN's REVIEW.
Despite Decline in Price Decem-
Der Exports Were Large.

NEW YORK, Jan. 16.-R. G. Dun &
Co.'s weekly review of trade says: How
| far the situation and prospect may be
changed by the passage of free coin
age bill by the senate is as yet mainly a
matter OF conjecture. Reports of the
state of trade at different points reflect
mainly a situation prior to that vote,
and show general improvement in the
volume of business, easier money mar
ketS and more cheering outlook.
The exports OF merchandise heavily
exceed imports in value; at New
York for January thus far the
increase in exports over last
year has been SL400,00 or about IL per
cent. while the imports here show de-
cline OF 50, 900, OF about ID per cent.
The preliminary reports of exports OF
Gotten. breadstuffS, provisions, cattle
and petroleum in December were almost
unprecedented. Hence it appears that
the excess of exports in December was
very large, in spite of the decline in
movement of breadstuffS, which higher
prices tend to prolong. For the past
week, with wheat l cent higher, corn
and oats practically unchanged and cot
ton three-siXteenths higher, exports of
wheat have been only about half of last
years, of flour less than quarter, and
of corn only One-eighth, while the eX-
ports of cotton showa decrease for the
week in spite of a considerable increase
in receipts. Pork has not changed,
but lard and hogs are lower, oil is ~
cents lower. and the speculative markets
are generally rather weak outside OF
those above mentioned. The reports
from other cities show that until Friday
the situation and outlook had been I'M
proving, and feeling Of greater con-
fidence prevailed. Boston notes greater
activity in wool, goods selling well, and
more buyers appearing for boots and
shoes, with leather firm, but lumber de-
pressed. Philadelphia reports easier
money, a better trade in canned goods
and in wool, a fair trade in groceries
generally. Chicago sees increasing sales
of dry goods and clothing with better
collections, some decrease in receipts
OF grain, dressed beef, and
butter, but increase in lard,
cheese. hides and wool. At Gin
cinnati there is an average trade and
favorable outlook at st. Louis, mac
tivity in retail clothing owing to mild
weather at Kansas City, and depression
in the lumber business at Milwaukee,
owing to lack of snow, but quiet trade
at st. Paul and Cleveland. Trade Is i'm
proving at Louisville, Memphis and
jacksonville; only fair at New Orleans,
but increasingly active at Baltimore.
The money markets have grown easier,
and banks are able to help customers
more literally. but at the East the diff
Guilty Of making commercial loans has
not entirely ceased. though money on
call is very abundant. In other words,
those who have money want their funds
atimmedlate command in case of any
emergency. The treasury has put out
of cash, including $l,500.000 more new
silver notes, about 100000 more than it
has taken in during the week. At the
West and South all the money markets
are easier, though rates are not lower,
and caution in regard to character of
loans is more frequently noted. The
great industries are not in wholly salts
factory position. The marketfor wooden |
goods is broader and more hopeful, and |
the demand from clothiers is distinctly |
better, while the boot and shoe trade
continues highly satisfactory. But the |
weekly output of pig iron Jan. was |
but 167,599 tons. Bar iron is unsettled |
a more hopeful condition, and lead and |
tin are stronger. But the cotton manu- |
facture feels the effect Of accommodating |
stocks and low prices. Print cloths |
have sold at the lowest price !
ever recorded, 2.94 cents for sixty-fOurs, |
and the advance in raw material during |
the past week comes to increase the en- !
barrassment. In general, the course of |
prices for manufactured products is not /
helpful to producers, while the cost of |
living and production is enhanced by !
speculative advances in the prices of |
many farm products. The business fail
ures occurring throughout the country |
during the past seven days numbered |
All as compared with total of 403 last |
week. For the corresponding week of |
last year the figures were 1856.