St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-14
THE STATE OF TRADE.
A Continuance of Favorable Fea
ures--Tne Failures for the Week.

NEW YORK, Aug. 13.-Special kilograms
oBradstreets this week record continu-
ance of the favorable features in trade cir
Giles heretofore noted. The material in
crease in ast-bound trunk line tonnage,
backed by heavy lake shipments and rail
around Chicago, is significant. West
bound shipments are also increasing, par
ticularly of dry goods from New Y ork and
Boston. The movement of general mer
chandise at over twenty leading distribut-
ing centers is reported to be above the
August average in late years, with steady
improvement noted in many Instances.
Stocks of merchandise at interior points
are reported moderate. The total of bank
clearings at twenty-nine cities for the cur
rent week is SS6S, 004, $50 against $780,
$780, 456 week ago. The large decrease
in the New York bank surplus caused by
the demand for funds at the west put up
the rate of interest for loans to and
6 per cent. This acted as a
discouragement to bull speculation in
the stock market. which is feverish and
weak. Bonds are steady and firm, with
transactions amounting to SO, 100000
against SIS, 600, 900 last week. Foreign eX-
change is weak. quotations being on the
verge of the gold importing point. Com
mercial paper is scarce but rates are
higher. Share transactions aggregated
1.300, 600, against 1890, 900 shares week
ago. The stronger money market at New
York is reflected at almost all centerS, dis
coun. rates being higher and firmer in
response to the decline in the supply and
increase in the demand for funds. Staple
dry goods at eastern markets are firm and
in good demand. Some cotton brands are
4@%c higher per yard. Raw wool shows
signs of weakening after steady advance
during two months past. Some few con-
cessions have been made and makers TAX
ings are light. There are no changes in
iron and steel. Anthracite is 10000
higher, only portion of which has been
| realized. Petroleum is depressed under the
influence of increased new well output and
certificates are lower. Fears of serious
effects from the drouth are stiffening corn
prices. The actual yield of spring wheat
lately anticipated. Cotton is doing we'll in
Arkansas, Tennessee and the Eastern cot
ton belt, except Alabama, where worms
have done some damage. In Texas the hot
weather continues and has caused shedding.
Rain is still needed in some sections of the
Western tobacco region. Special hop crop
reports point to a probable total crop of
So, 900 bales in the United States, 10000
bales in New York state and the remainder
on the Pacific coast. Old hops on hand ag-
gregate 100, 900 bales. and the probable
consumption the coming year is placed at
lao, 900 bales. The old hops are of very
poor quality. Sugar is again lower in price,
owing to heavy supplies in sight. Higher
prices for coffee in Europe strengthened
spot, but Bradstreets Rio correspondent re-
ports larger crop there than last year.
The weeks failures, number 1872, against
1874 last week. Canada had twenty this
week and twelve last. The total number
in the United States this year to date is
$3.50, against 1867 last year.