St. Paul daily globe., 1892-01-01
DUNsS REVIEW.
Prospects for the Coming Year
Unusually BRIGHT.

NEW YORK, Dec. 31.-R. G. Dun & Co.'s
weekly review of trade says: The old year
has closed with a little more than the usual
holiday dulness in general trade, but reports
as to the volume of holiday trade are mainly
satisfactory: at Chicago it was the heaviest
ever known, at st. Louis unusually large. and
iii jewelry the biggest known, but at Phila-
delphia and at New Orleans not quite up to
expectations and at Little Rock unsatisfac
tory. Quiet in other trade at this season is
not bad sign, and in nearly all reports it is
added that the prospects for the coming year
are considered unusually bright.
The exceptions are to be found at the
South, where the unusually low price of cot
ton and the accumulation of extraordinary
stocks cause depression i'll trade and strin-
gency In the money markets, but at New Or
leans the money market is easier, though
still there is strong demand there and at
Richmond and Savannah. At Boston Lad
weather has retarded trade. AT Philadei
phia Improvement is seen in the iron busi-
ness and reports from the West are encour-
aging to dry goods dealers. AT Pittsburg pig
iron is stronger. finished iron in better de-
mand, ahd the glass works all in operation.
At Cleveland there is larger inquiry for
rolling mill products but general trade is in
active, especially in winter clothing and
boots and shoes, and at Detroit unreasonable
weather affects general trade but there is
more demand for iron. At Chicago receipts
of wheat have doubled in comparison with
the same weeks last wear, and in coru. rye,
dressed beef and wool the increase is third
with some increase in cattle and flour, but
decrease of third in hides and quarter in
oats. Sales of general merchandise much
exceed last years.
At Omaha and Kansas City the car famine
restricts the movement of products. At St.
Louis mild weather has had bad effect on
trade in woolens, heavy clothing and rub
bers. At Memphis trade is but medium. and
at New Orleans light with comparatively
poor collections at all Southern points. The
sugar movement is large at New Orleans
with prices improving, and the movement Of
rice steady. and tobacco is fairly sustained
in Northern markets The greatly increased
production of iron has made it very low. and
thus strained the resources Of many new ana
costly works at the South.
On the other hand. the West is peculiarly
favored by an enormous foreign demand for
crops which would otherwise be depressed
because the largest ever known. Wheat
comes forward as rapidly as the crowded
condition of the railroads will permit, and
exports, though reduced last year. are very
large again this week, and for six months
have exceeded 900 bu, flour included.
whereas the greatest movement ever known
in the last half of any previous year was 1i5,-
0O9, 900 bu in 1879. The price has declined
nearly per cent during last week, corn 2l2c
and oats I2c, but prices are highly satisfac-
tory to Western farmers. Pork products are
shade lower coffee nearly 1c lower, oil 5sc
lower. and the prices of all commodities aver
age more than half of per cent lower for
the week.
The money markets continue we'll supplied
and undisturbed. Foreign trade continued
exceedingly favorable, for while the increase
of imports at New York during the past
month has been about 112 per cent the in
creasein exports here have been over $40, 49,
GO, or about 81 per cent which would indi-
cate an excess of exports over imports ex-
ceeding $4,000, 600 for the month. The record
of receiverships during The year includes
twenty-six railroads, with 2, 159 miles in ope-
ration and SS4, 40 900 in stocks and bonds.
The business failures occurring throughout
the country during the last seven DAYS num-
week For the corresponding week Of last
year the figures were 34S.