St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-07-09
DUN.s REVIEW.
Iron and steel Matters the Main
Feature.

NEW York. July s.-R c. Dun & Co. s.
weekly review of trade: There IS a stronger
demand for finished products of iron and
steel. while pig iron Is overloaded and weak
er. and the Thomas company has reduced its
price for No. anthracite 81 to SIS per ton.
which is believed 10 be the lowe.t price ever
recorded. Sales Of loo tons of steel rails
have been made by Eastern works and the
aggregate for the half-year has been $1,000.
with 100000 tons actually delivered, which
corresponds with the decrease In railroad
building and the prospect that the new mile
age for the year will be only about 3, 600. Bar
iron is in heavy demand. and structural also.
with an advance OF about 81 per ton.
Textile mills are ali well employed for the
season. and better orders for wooden goods
have given an impulse to purchases of wool
by manufacturers. Boot and shoe shops are
busy and pressed for early deliveries. and
Eastern shipments are now the largest ever
known for the year thus far-l. 627O00 cases,
against 1.733.000 last year and 1,s2o,000 in
1880, hitherto the maximum Parafine
rubber Is lower, at 6S cents, with the works
busy. There are moderate sales of copper
at 1lss cents: tin is inactive. but lead slightly
advanced. The last advance in coal has
stopped busin ess. but the half years output
was 10 G3S, 900, against 1S374U00 last year.
: Trade at Boston is fairly active. Wool is
quiet with larger orders for goods, ard
heavy contracts have been made for future
delivery. Hard ware is little less firm at
Hartford. At Philadelphia dry goods are
quiet. Trade in wool is active at satisfactory
prices. Coal is dull groceries and glass
quiet; sales of paints less than last month,
and trade in jewelry light, while chemicals
are steady. the liquor trade good and tobacco
in fair demand. Baltimore reports some i'm
provement in shoes and dry goods and much
in millinery. Nearly all the iron mills at
Pittsburg are closed and pig iron is weaker,
while glass works have stopped for the sum-
mer. AT Cleveland trade in most lines is
good except in iron. AT Cincinnati the car
riage trade is better. Business at Detroit is
good for the season and crop prospects fav
Orable. :
The growth of Western trade may be in
ferred from Chicago receipts, which exceed
last years % per cent in cattle and hogs. 33
per cent in corn, so per cent in dressed beef
about double in flour, cured meats, lard.
cheese, hides and wool. and four times last
years In wheat, oats and rye. General trade
is larger than year ago. and the demand for
money slightly better. Fine weather helps
crop prospects i'll Wisconsin. and trade is
better than last year at st. Paul and Mime
apolis. with good timber business. and the
flour output 1877 600 bbls, against 1900 last
year. Trade in groceries and dry goods is
very active at Omaha, and collections eX-
cepuonally good, while money goes begging.
AT Kansas City trade is good for the season.
and at St Louis business is strong in Ill
lines. The South trade is seasonably dull.
Speculation has been inactive, though
50o.t 90 bales of cotton have been sold with a
decline of a sixteenth, with receipts still ex-
ceeding last years, while exports are fully
maintained. Wheat sales have been only
9,0Ol,00j bushels, with a decline OF over 1c,
and corn and oats have declined &c, but hog
products are still stronger. pork 75c per bar
rel. Coffee is 1sc stronger, and oil lsc
weaker.
The business failures occurring throughout
the country during the last seven days num-
Der LII. as compared with totals of 1871 last
week. For the corresponding week of last
year the figures were 147.