St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-06
FOREIGN DISTRUST
Shown in the Heavy Sales of
American Securities.

New YORK, Aug. 5.-R. G. Dun & Co.
weekly review says: In every respect save
one. the business outlook is distinctly I'M
proved. The heavy sales of American stocks
by foreign holders continue and draw large
amounts of gold from the country indicNt-
ing foreign distrust of Americas finauceN
AT Boston trade is fairly active and good in
boots and shoes At Hartford wool is freely
bought by manufacturers. At Philadelphia
receipts OF wool are large and prices firm.
Trade III paints aud glass is moderate,
IN liquors and chemicals active and in to-
Dacco dull. A Baltimore the fall trade opens
1avorably. AT Cincinnati trade is quiet put
wholesale drug sales exceed last years. At
Cleveland trade is good in groceries, shoes
hardware and structural iron, and orders for
rolled iron are large, and dry goods fairly act
I've. At Detroit crops look well. Business at
Chicago exceeds last years. collections are
satisfactory, money tends to stiffeD and fair
crops and large business are expected.
Business is good at Milwaukee. improving in
all lines. st. Paul reports encouraging crop
prospects, Minneapolis a material increase in
all lines of trade. and very good business
in lumber with stiffening prices, and Duluth
reports shipments of iron ore greater than
last year. and large receipts of coal. Business
is good at Omaha. and satisfactory at Kansas
City. st. Louis business is strong and re-
celpts of wheat heavy. Business is good at
Denver. At Louisville trade improves; at
Little ROCK business is quiet. but at Savan-
nah well sustained. At New Orleans money
sugar firm.
1t is within the mark to say that the volume
OF trade III July as indicated by clearing
houses exchanges is fully % per cent larger
than last year, and greater than in any pre-
vious year, i'll spite of decline of
per cent in prices since year ago. Imports
are enormous, exceeding last years over II
per cent the past month. which is proof of
great activity in domestic manufactures and
consumption. Pig iron is on the. whole no
weaker, though Bessemer has sold at Pitts
burg for $3.50 and Southern sales at Chi
cago have depressed gray forge to ST. equal
to SIS. 10 at Birmingham. The demand for
bar is more active. and plate. sheet and
structural mills are crowded with orders.
Sales of wool increased largely and for the
year at three chief points are 174,O00,O0J
POUNDS against l4S.G00,OU0 last year to
date. Cotton mills are sold ahead
four to eight weeks and print
cloths are strong at 3l2 cents. No change
is seen in copper. tin has been lifted by
speculative. but lead is dull at 4.1c. Specu-
lation has made higher prices for breadstutfs,
l2c for wheat III spite of receipts at
the West exceeding 100000 bu per day,
with exports of $4,000 bu in three days.
Corn has been advanced nearly sc on small
sales. and oats :34c, Western reports favoring
shorter estimates.
Gotten has declined 1sc on sales of SOC. 900
bales for the week. the crop reports being
more favorable. Coffee is 1sc stronger, and
oil $sc lower. The business failures occurring
throughout the country during the last seven
days number lS4, as compared with Total of
1913 last week. For the CORES ponding week
of last wear the figures were 23I