St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-24
DUN.S REVIEW.
Volume of Business Larger
Than a Year Ago.

NEW YORK, Sept. pr. G. Dun & Co. s
weekly review of trade:
The alarm about cholera has vanished, and
trade in every direction shows all the i'm
provement that was expected In a few
quarters at the West farmers are holding
back wheat for higher prices so that collec-
tons are retarded. But the general tenor of
aovices is exceedingly favorable The vol.
ume OF business continues larger than a
year ago. Collections are exceptionally
good On the whole. and, although money is
IN active anda increasing demand at nearly
all points. the supply is ample for all legiti-
mate needs. Gold exports have ceased. for
eign exchange has declined. and the money
market is at present without disturbing feat
ures.
Speculation is not on the whole. active
enough to have disturbing influence.
Wheat has recovered IsSc, hut sales here
have been only 6.00j00) blu. Western receipts
III four days have been ), 100 900 bu while the
exports from Atlantic ports have been 9J3.-
G0o. Foreign advices no longer promise an
unusual demand. Corn has declined 2Ac.
and oats "a of cent. Pork products are a
shade stronger. but oil is ssc lower and in
coffee speculation has advanced the price a
cent and quarter.
business at Boston is sound and large in
Volume. improvement is seen in groceries
at Philadelphia; Trade is improving in
paints. oil and glass Pttsburg trade is sat
isfactory and gradually increasing Business
at Cleveland is improving in nearly all de-
partments and especially in rolled products
ana IN lumber, which has advanced S2@,i
per l,0U0. At Detroit business is increasing
III Dry goods. drugs and shoes General
trade at Chicago exceeds last years for the
same week with good prospects At ST.
LOUIS trade increases With large distribution
OF goods: a tree movement OF grain and
COUNTRY buyers in larger number than usual
Business is healthy at Milwaukee: very act
I've al Omaha, and shows a marked increase
at It. Paul. In wool increasing activity is
seen, sales tar exceeding last years. and car
lt- u
Foreign exchange has suddenly broken
down TO SISSY, and money here has de-
cclined from to 3l2 per cent, while at Lon
don the rate is below per cent. Merchan-
disc exports from New York for three weeks
show decline of - per cent from last wear
But stocks have been stronger, advancing on
the average about S per share during the
week, with some indications that foreign in
Vestors are buying i'll moderate amount
Inc business failures occurring throughout
the country during the last seven days num-
Der I'll as compared with totals of Isl last
week. For the corresponding week of last
year the figures were 24i.
BradsireetS Wall street review for the
week says:
The speculative market has regained its
equilibrium, and is no longer influenced by
exaggerated fears of cholera epidemic. The
subsistence of the disturbance is accompanied
by the exhibition of Il further moderate i'm
provement III values. 1t is to be noted how
ever, that the short interest created during
the uecune mas ltSe1 supplied most of the
buying power on which The appreciation is
based. Other factors have, it is true, assisted
the growth of bullish sentiment and action.
si"The easier tone of the loan market and.de-
creased prospects of close conditions in
money has due influence, though the fail
on exchange rates 10 figures which absolute
ly prohibit a further drain of gold. was
even more effective The fact that large Of
ferings of bills OF exchange against Euro
pean purchases of grain and cotton futures
are coming upon the market and are respon-
slble for the decline of exchange is regarded
rs significant 1t is even regarded that the
movement in This connection may, if con
tlnueo, result in a reversal OF the process
which had created so much alarm and bring
goid from Europe TO this country. Under
these circumstances, not only do holders of
securities manifest strong Discrimination to
sell at present prices. but large speculative
Interests have resumed the bullish position
onthe market which they temporarily abau-
doned III consequence of the cholera scare.
1T does not seem that there is vet any
marked disposition 10 resume the speculative
manipulation on which the market for some
time rested. The absence of public support
would negative success in such operations.
London, too, manitests entire Indifference
and takes no part in the proceedings here ;,