St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-09
DUN ON BUSINESS.

New YORK, April S.-R. G. Dun & Co.'s
weekly review OF trade says Another week
brings additional proof of actual improve
ment i'll business at many points, while slack
ness at some points is explained by causes
obviously local and temporary. The money
markets continue abundantly supplied and
easy. Two theories exist regarding the state
of business which find frequent EXPRESSION
That trade has dlsapp ointed expectations to
some extent is obvious and there are some
who claim that reaction has begun of un-
known duration which appeared in Europe
last year, and was only in part deferred here
because OF extraordinary crops.
These have to support them unusually low
prices. and In some departments shrlnkage
in sales. But others argue that the disap-
pOntment is due to excessive expectations,
and especially to the failure to take into ac-
count the great volume of Indebtedness left
from real estate speculation at the West
and South. and the influence here OF bad
crops and financial depression abroad These
haveio support them much evidence that the
actual business transacted, ali branches CON
sidered. is greater than ever before in this
season. III spite of all obstacles and com
plants.
The reports from other cities are. on the
whole, favorable, At Boston there is further
improvements; dry goods jobDers are active,
and mills very well employed Western re-
ports are favorable, and Southern better At
Philadelphia the failure of an iron house,
following that of the Lehigh Iron company
depresses that trade. At Pittsburg iron stocks
increase, and there is no Improvement in
products, shipments of coke being the low
est for the year thus far but the glass trade
is steady, and trade in hardware brighter
AT Cincinnati the hat trade exceeds last
years. but in building prospects are clouded
by threatened strike.
AT Cleveland all lines improve except pig
iron and ore, and money IS in moderate de-
mand. AT Detroit trade equals last year but
freights are less firm. Chicago reports largely
increased sales of merchandise, with col
lecuons easy in all branches. Receipts of
corn and barley increase threefold of wheat.
oats and rye tWofoid compared with last
year; of dressed beef one half and of flour
one-third. and some increase is seen in hogs,
cattle and wool, with decrease in lard butter
and cheese and especially cured meats.
Al st. Paul the jobbing trade is brisk and
at Minneapolis there is a marked increase.
with unusual prospects for the lumber trade,
but flour is dull and low. At ST. Louis trade
is reasonably strong, with especial improve
ment i'll all building materials in spite of
bad country roads and railroad washouts
Trade at Kansas City is quiet though re-
ceipts of grain and cattle are light because
cause of bad weather At Omaha business
in dry goods and shoes is very active, and
other trade fair. At Louisville business is
quite satisfactory, but dull at Memphis;
slackening at Savannah, though prospects
are bright and only fair at New Orleans.
though in cotton there if some Improvement
and sugar is strong and active sd 81
Payments through clearing houses outside
of New York are larger than ever at this sea-
son. Railroad earnings show substantial
Increases over last year; receipts of bread
stuffs still exceed all past experience and
receipts of cattle at Western cities are 1876
els ahead of the first Quarter. q gain of II
per cent over last year. Sales of wool at all
principal markets, for the year thus far ex-
coed last years. indicat n larger manu-
facture. Shipments of boots and shoes now
exceed last years though for the, year thus
far per cent behind, but some shops are
now working overtime. Coal is dull. but
firm; sellers are gradually getting up to
schedule prices.
a better tone with larger sales is seen in
iron, for the output has been reduced 1850
tons weeklyand improved demand is seen for
plate, structural aud sheet iron Copper is
dull with indications that the combination
has failed. Some concessions are seen in
coke tin plates; lead is dull. but tin rises
little.
Speculation has been stronger, wheat adj
yancing 3Ac. corn and cotton 1-l6c, with
smaller receipts. Oil is lc higher. but coffee
is S4c lower. The business failures occur
ring throughout the country during the last
seven days number POS. as compared with
total of 2iS last week. For the corresponding
week OF last year the figures were pa