St. Paul daily globe., 1886-09-04

A Fair Increase Recorded ut Various
Commercial Centers--CrOp Inter.

Fair Increase Recorded Mt Various
Commercial Centers--CrOp Inter.
ests.
New YORK, Sept. Especial kilograms
to BradstreetS' this week continue the record
of a fair increase in trade in Philadelphia
and Pittsburg, Memphis, st. Louis and Mil
waukee, the total volume of wholesale
trade increasing. There has also been some
gain at Cincinnati, and at Cleveland the
business outlook is encouraging. Merchan-
disc is moving freely at Chicago and Kan
sas City. At New York and Boston there
is full disposition Of staples. Collections
at Chicago and at a few other cities are less
prompt, which is due largely to the crops not
having been generally marketed. The ag-
gregate of commercial transactions. so far
as may be fairly judged, is quite equal
to the totals in previous weeks,
although the bank clearings at
thirty cities for this week amount to but
S753, 95S, 404, as compared with $780, $685.
002 last week. In view of the steady
growth in the volume of commercial and
industrial transactions several sharp de-
clines of late have apparently been due
largely to the falling away in speculative
activity chiefly in the New York stock
money market and news tending to create
feeling of uncertainty regarding the rail-
road situation caused marked dullness and
inactivity in the stock market. Transac-
lions for the week were $685. 600 shares,
against 1853, 900 shares last week. Bonds
of all classes were dull and the investment
demand has fallen off. The sales for the
week were 81, 609,200 par value against
$4, S93, 100 last week. Money is firm on
call at from to per cent. and time money
is in demand at about 6 per cent. Com
mercial paper is hard to place and foreign
exchange steady with continental bills
close to the gold importing point. The
Eastern wool markets are frmer and the
tendency of prices is toward and advance
Oh the improved demand from manufac-
turers. Considerable wool is moving. Both
dry goods jObbers and agents report an
active trade and some lines of bleached cot
tons are reported to have been frac-
tionally advanced. The boot and shoe
makers are also shipping heavily. The late
SteadineSS and demand for iron and steel
continues. A few sales Of eastern pig iron
have been made at t$1S.50@19 gain of
50c@$1. but these were of small lots. Fin
ished iron makers are enjoying better
trade and prices are actually a little higher.
Steel rail orders for 1887 delivery are in the
market. Wheat tends temporarily lower
on weaker cables and improving reports
from the northwestern crop. Indian corn
too is lower since the late frost was
found to have done no damage. Louisville
reports the western tobacco crop promising
well as to quantity. Stocks are increasing,
but the market there is fairly sustained.
The Louisiana sugar crop promises an
average yield, but rice there is in heavy sup
ply and lower. The August cotton report
states that the weather conditions have
favored the eastern belt, but that damage
has been done in Texas and Arkansas.
The outlook for the crop is not so favorable
as in August last year. There were 173
failures in the United States this week,
against $50 last week. and 169 in 1885.
Canada has 27 against 26 last week.