St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-02-07
THE WEEKS BUSINESS.
1t Exceeds Last Years at a
Higher Price Level.

New YORK. Feb. 6.-R. G. Dun &
Co.'s Weekly Review Of Trade says:
Though at higher level of prices, bus
mess continues to exceed last years OF
the whole, and is in character more con-
sentative than usual. The disposition
increases to count upon the future for
this year at least with confidence, but
speculative tendencies are in most dl-
rect check by conviction that consum-
erS' demands may not prove quite equal
to last year. on account OF short
crops The average prices OF com.
modities advanced nearly half
week, but the advance is almost eX-
clusively IN products of which crops
were short. Reports this week from all
parts of the country Indicate fair
amount of trade for the season, easy
money and collections generally fair,
though at few Western points and in
the grocery trade at Philadelphia are
rather slow. The South has the en-
barrassment of fur her decline in the
price of cotton, but receipts are large
and general trade is somewhat better at
New Orleans, though receipts of sugar
are light, trade is improving at Atlanta,
fair in volume, but quite cautious at
Memphis, and dull at present with
bright prospects at Savannah. Bus
mess at st. Louis is Of fair
tanned as before; at Kansas City
fair average for the season;
at Denver improving, and at Omaha
and Milwaukee quiet. Chicago notes
slight increase over last year in all
grains and good increase in cured meats,
hides and wool, heavy decrease in
dressed beef, lard and butter; larger
sales of dry goods, clothing and shoes,
and an enormous cattle trade, 10 per
cent greater than year ago, and the
largest ever recorded in any month.
Detroit notes fair trade and orders,
while Cleveland has good trade in hard
ware and dry goods, though country
merchants are unusually conservative.
At Cincinnati general trade is quiet,
but in tropical fruits there is much
activity. At Pittsburg iron is quiet,
though better demand for rails is seen,
but great strike of COnnellsville coke
workers is expected Tuesday. Phila-
shoes and leather, and in dry
goods, with the clothing trade heavier
than for years, fairly satisfactory trade
in groceries and chemicals, with liquors
and tobacco quiet At Boston the feat
ure is the good trade in wool, exceeding
last years, and leather and hides are
firm, but many shoe factories are on
short time, spring business being back
ward and buyers cautious. No especial
change is seen in iron and steel, but re-
sumption OF work by some Alabama
furnaces increases the excess of pro-
ductiOn over present consumption. AT
many bar mills scarcity of orders is felt,
and structural and plate iron are irregu-
lar. Heavy exports OF copper are re-
ported, 100000 pounds of lake aud
100000 pounds Montana, but domestic
consumption not great. lin is lower.
and lead steady. The coal trade is still
congested, the January output having
been 2,525,000 tons, quarter more
than last year, and some mines
are stopping. The cotton manufact
ure shows no material change, though
the trade in goods continues fair for the
season. In the WOODEN manufacture
signs of improvement multiply. and,
while the trade in goods is cautious, it
is steady and large. The demand for
wool of all kinds lifts the price little,
but especially for the coarser and
worsted grades. Wheat has advanced
16c, and corn and oats nearly lie on
moderate rates, lard and hogs being
also 1Oc per 100 pounds higher, and oil
2a6c higher, but cotton is lower. The
exports from New York are now fall
ing below last years, especially in
breadstuffs, but there is no present rea-
son to apprehend any unfavorable in
fluence from foreign trade, and the
treasury has in no way disturbed
finances. The business failures occur
ring during the last seven days through
out the country number 206, as COM
pared with 800 last week. For the cor
responding week of last year the fig
uras were 321