St. Paul daily globe., 1892-01-23
CONFIDENCE RISING.
Dun's Trade Review Is Full of
EucOurarem

New YORK. Jan. 22.-R. G. Dun & Co. s
weekly review of trade says: Reports from
every part of the country express even great
er confidence than before in the prospects
for trade, while i'll some lines definite,
though gradual, improvement is already
seen. Rumors of coming war have not, dur
ing the past week. had substance enough to
affect money markets or trade in the least
The markets for staple products have been un-
disturbed Dy speculation. which is held in
check by the enormous supplies.
Wheat advanced lac, and receipts at the
West have been lighter. owing to severe
weather, but exports continue large. Corn
is coming forward very freely and has de-
clined ll2c, and exports for the week will
probably be very heavy. Oats are Ac lower,
but pork products shade stronger. Oil has
declined l2c, and coffee advanced lac. In
other markets no important changes in prices
are noticed. though increasing strength is re-
ported i'll the markets for iron ana steel
products. Speculation in cotton has taken
courage from the fact that receipts have re-
Gently declined, and the improving market
caused better tone at many Southern
points.
Reports from cities indicate some real in
crease in trade as well as great confidence in
the future. More activity is seen at Boston
in dry goods and in shoes. though often at
lower prices. At Philadelphia increasing
rates are seen in dry goods, the Northwest
leading in purchases. and better orders for
iron have caused additional furnaces to be-
gin blast. Cincinnati reports general bust
ness opening briskly. At Cleveland rolled
iron is i'll active demand, and some advance
is seen in ore with large sales. Lake freights
are contracted for at some advance over last
year. AT Detroit country orders are IN ore
free, and some manufacturers working over
time.
AT Chicago the general trade is larger than
a year ago. and collections easier, and an in
crease Of a third is seen in flour and corn re-
ceipts, but receipts of wheat and lard are
double. of rye three times. and Of dressed
vnQr'S q
noted only in oats. barley and cured meats.
At Milwaukee the cold weather has a good
effect, and the demand for money in the
lumber and live stock trades is active. At
Minneapolis The extreme cold causes a slight
decrease in trade, but flour is in better de-
mand, the output being 173,000 bbls against
115,0O0 last year for the week
At st. Paul prospects of trade are excellent,
and money easy. and at Omaha very easy,
with trade improving. AT ST. Louis snow
storms since Jan. have interfered with re-
tail trade, but wholesalers find no complaint.
collections are fairly prompt. and settle
ments of freight rates are expected to restore
the trade with Mexico. AT Denver business
is very good for this season. At New Orleans
lighter cotton receipts help the price and
encourage business. Sugar is active and
strong aud better feeling prevails. though
as trade as yet improves utlittle. AT Charles
ton some improvement is seen, though large
supplies Of cotton are still on hand.
The output of precious metals in 1891 has
y
to Wells-Fargo's statement amounting to
S31 974 994 gold; 0o4 silver; Sl3. .261 663
copper. and S12, ,3S5, 7S) lead The Mexican
output of silver was S43. .09p.099, Annual re-
ports of many other industries show that the
production in 1891 has rarely if ever been
equalled, and the new year begins with no
prospect of decrease in any important in
dustry Even the wool manufacturer ap
pears to have used more wool last year than
in any previous year, imports having been
the largest on record. In woolens there is
considerable return demand for spring
goods, and the opening of many styles of
mems wear for the following season is not
thus far by good orders.
An excellent business is done by jobbers in
cotton goods. and in the medium and cheaper
grades unprecedented, and knit goods are
fairly strong. Reports from all country
monetary circles show ample supplies, an
easier market, and, except at the South. a
comparatively light demand with fair to good
collections Merchandise exports from New
York in three weeks have been 43 s. per cent
greater in value than for the same weeks last
year, while in imports there has been slight
decrease. The enormous excess of exports
still continuing leads many to believe that
more gold must soon be i'm ported.
The business failures occurring throughout
the country during the last seven days num-
Der 32S rs compared with totals of $50 last
week For the corresponding week of last
year the figures were All.