St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-28
TEE STATE OF TRADE.
Continuance of Favorable Fea.
tures-- he General Situation.

"A EeAa
tures-- HE General Situation.
NEW YORK, Aug 27.-Special kilograms
to Bradstreets report continuance OF the
favorable trade features heretofore noted.
The movement of general merchandise is
fully equal to that in past weeks, while the
total volume for August is thus far equal to
preceding years. The total bank clear
ings at thirty cities show decline of $685.
O65, 4S9 as compared with last week. The
shipments of dead freight East from Chicago
show marked increase as compared with
last week, and the receipts of grain at
primary markets are heavy. The domestic
money markets are fairly firm, and at the
East the demand is noticeably in excess of
the supply. 1t is noteworthy that the de-
mand for funds for use in commercial and
industrial enterprises at the West continues
large. The New York stock market has
been dull and heavy owing to
the strlngency of the money market
here, the unsettled condition of the London
market and the disturbed condition of poll
tics in Eastern Europe. The money mar
ket is firm. Loans are difficult to obtain.
Foreign exchange is slightly frmer, owing
to the advance in the Bank of England rate.
New York stock exchange transactions this
week aggregated S53, 600 shares. against L.
400. 600 shares, and bond sales SIS, 600. 600
against So, 600, 600 week ago. The dry
goods trade with Eastern jobbers is quite
active with moderate demand. Owing to
the re classification of railway freights on
dry goods, shipments from New York have
increased very materially. Dress goods,
both American and foreign, have been
heavily traded in. Flannels have also been
in active demand. Plain cottons have also
advanced in price since il ne l, L@%c per
yard. The distribution of clothing is ac-
tive. Print cloths are steady at unchanged
prices. Pig iron is very firm and any ma
terlal gain in demand is likely to cause an
Increase in price Southern iron is SOC
higher per ton. Finished iron is higher.
perhaps owing to the improved request.
Scotch irons are a shade higher, about
25c per ton. Old rails are stiff at
1884. 80 per ton, at which figure makers are
receiving about 70 cents profit. The Kan
sas corn crop will be larger than expected,
which has helped trade in that region. The
spring wheat crop in Minnesota is also in
excess of late anticipations Prices of
wheat have declined to some extent owing
to expectations of heavy deliveries, to the
increased visible supply and TO freer selling
Dy holders. Cotton reports are more favor
able. Damage has been done by the storm
in Southwestern Texas. The total num-
Der of failures in the United States this
week was 1850 against l39 last week, and
LAG the same week last year. Canada had
twenty this week against seventeen last
week and eight last year. The improved
demand for sugar has caused small local
advance but the announcement that
the estimate of the beet crop had been adj
vanced to $50. 600 tons caused a decline in
London. Active speculation both in this
market and iii Europe put coffee up three
eighths of cent Free offerings of rice
have induced concessions.