St. Paul daily globe., 1892-06-25
DUN'S REVIEW.
Great Gain in Crop Prospects
on All Sides.

NEW YORK, June PAR. G. Dun q Cos
weekly review of trade: Another week has
blessed the country with great improvement
in the growing crops In wheat so great
change of condition appears that men begin
to question whether the yield this year will
not closely approximate the unprecedented
crop of 1891: For other grain ana cotton me
outlook is decidedly better. ard there is rea-
son now to hope for highly satisfactory re-
suits from the years agriculture. In conse-
quence there is stronger trade throughout
the country, especially at Western centers OF
distribution.
The improvement is less marked at the
South. owing to the very low price of cotton
and continued high water III some regions.
The one point of anxiety in regard to the
wage dispute III the iron manufacture oper-
ates for the present to cause increased trade,
while in other great industries the situation
is clearly more favorable than usual
The iron manufacturers desire revision of
the wage scale on the ground that improved
machinery has enabled labor TO produce 60
per cent more than in former years and has
reduced prices so far that the two~cents
basis is no longer just. There is little more
ground for hope that prolonged strike may
be avoided, and. meanwhile, the demand for
all forms of manufactured iron and steel
distinctly improves. There is better de-
mand for plates and for structural iron,
prices being firmer and some gain in bar iron,
and even in steel rails. Coal is dull, and ont
siders are selling below the combination
prices.
The boot and shoe manufacture is entering
upon a seaoon expected 10 be one of of un-
precedented activity. but the years ship
ments are already within 2 per cent of the
greatest ever known and gaining every week.
There is a fairly large business III low grade
woolens and sales of wool are better than
usual for the season. Print cloths are strong
at $780,, and some advance III prints is an
ticipated.
At Boston the demand from recently food
ed Western districts has fully revived. and
business is strong. Lower prices for
bleached shirtings have caused large sales,
and prices have been raised again. The
wooleu mills are steadily employed, and
there are larger orders for fall goods in the
boot and shoe TRADE, so that factories arc
busy, with every prospect for the largest
trade ever known. Rubber is firm, and the
manufacture very busy. At Philadelphia the
grocery trade has remarkably good season.
and there is some improvement in dry goods,
with larger demand from the South. Wool
buying is cautious with prices the lowest for
the year. At Pittsburg there are brighter
prospects of wage settlement but finished
iron is moving fairly.
AT cleveland better trade is seen in gro
ceries, hardware and shoes. and other busi
ness is fair for the season. The foundries
are especially busy at Cincinnati, but
machinery is little slow. Trade is good in
Detroit with fair prospects, large sums going
into the country for wool. Trade i'll Chicago
is larger than year ago. with receipts douDle
last year s III HOUR, corn, rye OdIS. uTeSSeu
beef and lard. and even greater increase in
barley, gain of 30 per cent in wheat and
some increase in cattle and hogs, with a
slight loss in wool. cheese and butter. AT
Milwaukee business is quiet, but. though
crops are backward, the prospect is consio-
cred very fair.
At Minneapolis marked increase is seen
i'll trade, with large business in lumber AMI
building operations active. Midsummer
duluess appears in st. Louis, though rail
roads are having temporary block
ades since the floods abated. and business is
as strong as could be expected. At Omaha
trade is good in all lines, aud at Kansas City
| in wholesale branches receipts of grain
being liberal. At Dsuver business is fair. at
Louisville satisfactory and improving, and at
Little Rock prospects are brighter. but busi-
ness at Memphis is inactive. and at New
| Orleans dull on account of high water. At
| Savannah trade is above the average i'll all
| branches, and prospects are favorable.
Speculation has not been especially active,
| and wheat is unchanged in price. Corn has
advanced &c and oats &c. Pork products are
| unchanged. but oil is 112c lower, and coffee
| ssc lower. In cotton no change in price ap-
! pears. Last weeks greatexports of gold have
| caused neither trouble nor alarm, and shi p