St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-06-12
THE TRADE OUTLOOK.
The Tendency il Toward a Com.
tinued Moderate Movement.

tinued Moderate Movement.
New YORK, June 1.-THE general
trade situation as telegraphed Bradstreets
has been irregular with the tendency toward
a continued moderate movement. This is
due in large part to the spring trade being
over, to farmers being busy in the fields,
and to the fact that the autumn trade has
not yet begun. Business at. Duluth and
Minneapolis has improved on a favorable
crop outlook and fair demand, as well as
at Chicago and Cincinnati where the total
volume of spring transactions is reported to
compare fayorably with that of 1885. Gen
eral trade at st. Louis has declined some,
as at Pittsburg and Cleveland, though the
aggregate is believed to be as large as in the
earlier months Of last year. The late rains
IN the lower Mississippi valley and South
west there OF were needed and
BUSINESS has been stimulated by them. The
demands for funds is conspicuous, in pro-
portion to the money Offering. At Duluth,
Minneapolis, Omaha, st. Joseph and ST.
Louis the mercantile collections are gen.
orally slow. The New York stock market
is irregular. Manipulation alone has pre-
vented any decided break, but the continued
passenger rate war ID the Northwest is a
heavy load to carry. Government bonds
are steady and investments firm. In specu-
latlye bonds there was decided advance in
Nickel Plate frsts, based on an alleged set
Element with the Lake Shore company.
Money on call is easy at 1 4 to ~ per cent.
Commercial paper is in poor supply, and
foreign exchange is little easier on re-
duction of the Bank of England rate
Specials kilograms to Bradstreets from Min
neapolis contradict the extreme statements
of damages to the wheat crop in the N ORTIZ
west made public on the exchanges yes
terday. The attitude of wheat exporters
with continued favoring prospects
for the new crop, backed by
large stocks and fair receipts, has
pushed prices down cents, as compared
with the close week ago. The situation
is rather better than worse than at the date
of the government wheat crop report lately
made public. There are no noteworthy
changes in the iron or steel markets. The
former reflects the dull season of the year.
, The general industrial situation has inn
proved. though there are still considerable
number of employees on strike at-various
manufacturing centers. Of the 100000
who received concessions as to shorter
hours with full pay one month ago, Brad
streets reports show that less than 140. 900
| retain those advantages one-half of whom
are at Chicago and one-SiXth each at Gin
cinnati and New York. The pressure of
competition from ten-hour workers are
breaking down most of what is left of the
movement Dry goods are dull, but holders
work for higher prices and a good trade
later in the season. Wool is firm but man.
ufacturers are buying sparingly. The cot
ton crop is progressing finely in Louisiana,
Mississippi and Texas. Heavy rains in the
Carolinas and Georgia foreshadow trouble
from grass. Burly leaf tobacco is strong at
Louisville and in the face of heavy receipts,
while Jugs are fractionally higher. The
weather favors planting. Heavier sugar
supplies and better beet crop prospects fur
Their depress sugar and syrup. Coffee is
&c lower on small demand; heavier stocks
at ports and easier rates of exchange. The
business failures occurring throughout the
country during the last seven days number
for the United States $50 aud for Canada
80, or a total of 200 failures, as compared
with total of 1877 last week and 1S1 the
week previous.