St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-16
TRADE, SPECULATION AND BANKING
Western Cities Are Steadily Gaining in Trade in Duns
Weekly Report
VOLUME OF BUSINESS NO
Bradstrees Reports Possible Tendency to Lveer Speeu
lation at New York.


NEW YORK. April l5-R G. Dun & Co q
weekly review of trade says: During all this
year business news has been euriously sec
tional Western cities are gaining almost
without exception. doing the largest bust
ness ever known. and inclined to resent the
suggestion that 1t is in any degree below ex.
peetations. The South all the year has been
struggling with unfavorabe conditions, doing
less business than year ago, aud LOOKING in
vain for Il material chInge. The East has
heen doing large business. rather less than
year ago. on the whole. nut especially less
than many traders exsected 10 do this year
This. with very thin profits makes the sea-
son disappointing 10 many. These condi-
tons continue, and are reflected in returns
this week. Yet tie volume of trade in the
whole country has been larger than In any
previous year
The iron trade illustrates the situation.
The output of furnaces April | WAS 49,. 462
10 IS against 1876 0ol tons March !. and 1l3 4SJ
tons q year ago, when the great strike was in
progress The reduction Ia output of pig
is clearly necessary, since consumption has
been 900 tons weekly below the output
Unsold stocks. as officially reported. were
l3s, 1858 tons greater April 1 than Jan. |. Yet
when this increase Is deducted from the pro-
ductiOn which has been 100000 tons In the
quarter. the remaining consumption appears
10 be greater than la the same quarter Of any
previous year better demand Is seen for
pig and plates at the East, and also at Chi
cago, and the pipe business is reyiYing a.
Pittsburg. Coal is unchanged and dull: COP
per waiting for the expected combination OF
foreiPn producers; tin speculauvely strong,
and lead very firm.
Wool sales are large for the season. and
since Jan. have been per cent greater than
last year, the demand for goods having some
what improved, and for Knit goods being far
tot In
wear goods doubt about the future taste Of
the public still delays orders, but a strong
consumption is clearing off stocks Of jobbcrs
ana retailers.
News from cities is rather better as TO the
East, cheering as usual from the West, but
some what less satisfactory as TO the south
Iron mills at PiItsnurg are all in operation
ana Jew pushed. though prices are weaken
ing. The glass trade is encouraging. the
hardware trade good aud lumber quiet and
rolled iron weaker. Southern trade at en-
cinnati is not satisfactory, but machinery is
active, and The carriage business HItle bet
ter. Detroit notes good jobbing ana manu-
featuring trade, in some lines better than last
year
Chicago merchandise sales consider ably
exceed last years. and fully equal 10 expec
tations. Receipts of wheat aud barley are
double Inst years of flour. corn and critic
increased one half. of cheese one-third with
some increase in dressed beef oats and rye.
but decrease in hogs, wool. butter lord and
cured meats. Trade at Milwaukee is good;
at st. LOUIS ql.Ite strong, Notwithstanding
railway wa>hoHts, and NJ Omaha quite active
in groceries, shoes and hardware. and steady
In dry goods. Trade at Kansas City is quiet.
weather interrupting and prices for cattle
being the lowest of the year. At ST. Paul
and Minneapolis trade is exec lent e specially
in lumber and at Denver fair. Business at
Little Rock is depressed. Mt Memphis and
Nashville dull, somewhat improved at Mont
gomery, but rather fiat Mt New Orleans AID
slHckening at Savannah.
Speculative.market lave been more active
wheat falling 3l2c, with sales of 9i,00J,OO bu
here, and corn 1c, while oats are slightly
higher. Western receipts of wheat continue
at the rate of 3,600,000 bu weekly. with ex-
ports shrinking. bnt Western receipts of corn
have been $4,000 bu in three days, and ex-
ports 10000. Cotton exports have started up
again, exceeding last years, aud the price
has advanced ssc during the week, with enor
nous speculative transactions. no less than
$4,000 bales in New York. No change is
seen in pork products, coffee is Ac weaker,
and oil IS lie stronger.
The financial situation is remarkably free
from unfsvorable signs Collections in
nearly all parts Of the country are better than
usual, though delay is seen at some points i'll
the South, and the money markets are every
where amply supplied. Nor is there reason
to apprehend disturbance on account of for
eign trade.
The business failures occurring throughout
the country during the last seven days num-
Der no, as compared with DOS last week. For
The cores ponding week of last year the fig
ures were Isl.