St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-02
REVIEW OF TRADE,
IL. G. Dam a. Co.'s Weekly State
Inenf

NEW YORK. Sept. 1.-R. G. Dun 81
Co. S weekly review of trade:
Money markets throughout the coun-
try are more healthy; failures diminish
in numbers, and resumption by a mum
Der of banks and other establishments
illustrates the general tendency toward
| revival of confidence. Manufacturers
do not yet feel the upward impulse, and
exhibit on the whole rather less signs
OF Improvement than week ago. The
week has been mainly one of Satisfac-
tory progress toward recovery. Wheat
was affected to some extent by the vi
emma report. though it was presently
realized that the estimate as to this
country was no more reliable than those
OF the department. and that the eSti-
mate as whole gave no assurance that
the heavy surplus of old wheat would
be required. Corn yielded little with
more satisfactory crop reports, but in
spite of better advices from the more
important corn producing states the
price of that staple was advanced an
eighth. The stock carried over from
the year just closed, without allowing
for such decline in consumption as
has been witnessed during the past
half-year, apparently renders t.certain
that there will be no cotton famine for
q year to come. The stock of American
at home and abroad is about 10000
bales.
The industrial situation mends but
little. The signs of improvement OBJ
served a week ago are scarcely sus-
tanned, for while twelve textile and
thirteen iron and steel concerns have re-
sumed after stoppage, fifty-five textile
and twenty-One iron and steel concerns
have stopped. In addition, thirteen
nthprc haUn rp6noph
several have reduced the working force,
and large number of the works, i'll
Guiding most of those at Fail River,
have reduced wages from 10 to 20 per
cent. a more cheerful tone is seen
in iron and steel markets, but,
nevertheless, prices do not improve,
nor are orders sufficient to cause gen
erai resumption of work. The ship
mentS of boots and shoes from Boston
show decrease for the last week of So
per cent, compared with the correspond
ing week last year. The sales OF wool
at the three chief markets last week
were only 1,446,721 pounds, against
6.295, 200 tor the corresponding week
last year, and the decrease in sales
since new wool began to come forward
has been about 6S per cent. Somewhat
more buying is seen in cotton goods
from the West and South, but the mar
ket is narrow ard hesitating.
The anxiety about money has been
greatly relieved, and scarcely any pre-
MUM is now paid for currency, partly
because many concerns which REQUIRED
cash for payment of hands have
stopped, while many others are using
checks and other substitutes for cash.
The decrease in imports at New York
in August were about 80 per cent, while
in exports from this port there was a
small Increase of 8 per cent. Since the
advance in rates by the Bank of
England engagements of gold for
shipment to this country have
nearly ceased, though IS, 700, 900 arrived
during the week. Disbursements Sept.
l are estimated at S20.000,O00 here and
S9,000.000 at Boston and Philadelphia
In railroad earnings thus far reported
for August the decrease is 14.7 per
cent.
The failures number reported during
the past week in the United States is
$50, against 148 for the same week last
year, and i'll Canada 20 against IS last
year. But of firms failing in the United
States only ten were employing capital
exceeding 100000 each, ana only GO
others exceeding 5000 each. In the
Eastern states the failures numbered
149, and the Western 142, in the South
ern So. showing Improvement in each
section.