St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-03
DUN,S REVIEW.
Summer Trade Quiet Though Fac
tories Are Humminc


NEW YORK, Aug. 2-R. G. Dun &
Cos weekly review of trade tomorrow
will say: There is a perceptible halt,
which may deceive if attributed to
wrong causes. Trade two months late
in the spring pushed forward into
July a large share of business belong
ing to April or May. Seeing a rush of
orders out of time, many imagined il
would continue and hurried to give
other orders. The jam of two months
business into one lifted prices. Then
other orders came to anticipate a
further rise. But the midsummer halt
was inevitable, and it is yet somewhat
uncertain how much Improvement will
appear after it. The crop of corn
promises to be the largest ever grown,
and is almost out of harms way.
The crop of wheat appears from later
accounts perhaps 100000 bushels less
than was expected month ago, and
had the best hopes been realized it
would have been more than 100000
900 bushels short of a full crop. Cot
ton his lost a little. Larger stocks
than were Immediately wanted have
been taken by traders as prices were
advancing, and these tend to limit
future orders. The general advance in
many products also causes reluctance
to purchase and the distribution of the
past half year has been in part to
make up for stocks and Individual
supplies depleted during the two years
of economy. On the other hand there
has been enormous increase in the
working force and considerable in
crease in wages paid, which enables
people to buy more freely. Strikes of
some Importance appear, but do not
yet threaten to live long, although
strike of coal miners may for a time
affect business somewhat extensively
The hopeful spirit prevailing in near
ly all markets may find it's warrant in
| spite of some shortage in crops.
IRON STILL ADVANCING.
For the first time since the rise in
prices of iron products began there
! have been some concessions to retain
business and efforts of new works to
get orders tend to check the advance
In spite of this the general average of
prices is a shade higher, bar having
risen relatively more than mill iron has
declined. The market for pig is quiet
| and on the whole remarkably strong,
with prospect of increased output.
with more demand than can at pres
| ent be met for plates and for bar. The
structural demand continues large,
but the expected demand for rails is
yet delayed. Great speculation in cop
per stocks has brought out some ex-
| travagant settlements of demand and
profits, but 11A has been paid in some
| cases for lake and the demand is
actually heavy. Tin has remained
strong in spite of large arrivals and
visible stocks, 5000 tons larger than
usual, and lead is stronger in tone.
Business in cotton goods has been the
largest in July for several years
reckoning deliveries, but not large as
to new orders. A further advance OF
IA cents per yard has been made, with
moderate demand for some bleached
and brown goods, and prices are firm
for sheets and drills, while colored cot
tons are quiet with general advance.
Sales of wool have been only 6,072, 45C
pounds for the week, against 1886, 40C
in 1892
WHEAT RISING AND FALLING
''Wheat suddenly rose three cents on
bad reports of condition, but has
dropped all the gain as the scantiness
of exports is felt, shipments in July
having been only 3.495,06 bushels
flour included, from Atlantic ports