St. Paul daily globe., 1892-05-07
AS DUN SEES 1T.
Unusually Heavy Rains Retaril-
ing Business.

New YORK. May 6.-R. G. Dun q Co.'S
weekly review of trade: Business has been
much retarded throughout most of the West
ern states by unusual and continued rains.
The movement of products is thus delayed,
though it is believed temporarily; collections
are retarded; seeding In many quarters is in
terrnpted, though, on the whole, fairly ad
vnnced for the season. and distribution OF
goods is checked. A somewhat better tone
appears at the South, and business at the
East is fairly active for the season. although
ill some lines dull and depressed.
Money is everywhere abundant, in part
because the demand is smaller than usual:
but this is in a measure due to the unusual
conservatism of the trade. buyers making
many small purchases instead Of larger pur-
chaseS and waiting more carefully for actual
distribution. This is peculiarly the case in
the dry goods and the boot and shoe trade.
The orders at any one time have been i'll
most branches moderate. but they have been
repeated again and again until the volume of
business is large.
Shipments Of boots and shoes from the
East were per cent behind last year for the
earlier months of 1892 but have been rapidly
catching up and are now but per cent less
than last year to date. Stocks of wOolens
throughout the country are believed to be
unusually light, and while clothiers are
slower than usual, having been occupied be-
yOnd the usual time with their spring trade,
a great business is expected. Flannels are
improving and the unprecedented dlstrlbu-
ton of dress goods helps the manufacture.
Sales of wool tits year at the three great
great markets have been 93,2S2.356 pounds,
yainst 81, l0O, 726 last year, a gain of per
CENT. Inquiry for cottons is large and i'm
proving. Western stocks being small, and
trade in prints fair for the season. Trade in
dry goods and hardware at Cleveland is good,
and fair in both shoes and groceries, with
increased demand for money. At Cincin-
natl the shoe business exceeds last years,
but building and the harness trade are un
settled by labor difficulties. At Chicago re-
ceipts of products have been generally di-
minished by bad weather, and dry goods
sales are smaller, but III other lines sales are
better than a year ago. AT Milwaukee money
is in active demand, though rain checks
shipments and seeding.
At st. Paul the backward season makes
jobbing dull and objections poor, but at Min
neapolis the lumber trade is good and the
flour output large. Rains retard trade at
Omaha, but live stock receipts are almost The
heaviest ever known, and grain receipts in
ten days greater than i'll thirty days pieced-
ing. Business at Kansas City is fair, i'll spite
of bad weather making receipts light. At st.
Louis trade is strong and improving: Gt Lit
tie Rock business is fair; at Louisville, i'm
proving. with tobacco still active; at New
Orleans somewhat improved, with cotton
more active, and at Savannah somewhat de-
creased drought having affected crops.
Wheat met the expected reaction, selling
off 4l2c and recovering &c. Receipts and eX-
ports are both larger but stocks i'll the
country far exceed any proable demand.
Corn has risen 2l2c with small sales, and
oats 12c. Cotton is l-l6c higher, though re-
ceipts and exports exceed last years, be-
cause of sensational accounts of decrease in
acreage. Pork products are a shade lower,
and coffee weak at Csc decline.
Receipts of cattle at Chicago in April
were the largest ever known in that month,
exceeding last years by Is per cent. There
has been large speculation in tin, but copper
seems scarce for immediate delivery. ana
lead is strong. Coal is dull, though firm, tut
purchases of coal properties by the Pennsyl-
vania enlarge the probable competition. Ex-
ports for the week were a little less than
last year and imports have been a little
larger.
The business failures occurring throughout
the country during the last seven days num-
ber 206, as com pared with totals of I'll last
week. For the corresponding week last year
the figures were 242.