St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-05-29
TRADE TOPICS.
The Business Outlook as Reported
by Bradstreets Agency.


NEW YORK, May 2s.-Special kilograms
to Bradstreets report moderate gain in
the movement of general merchandise at
Pittsburg, Cincinnati, Milwaukee and st.
Louis. This is exclusive of dry goods, and is
most marked at st. Louis. The favoring
features are found in relative freedom
from labor disturbances and in the generally
bright cereal crop prospects On the other
hand, advices from Chicago, Kansas City.
st. joseph and Nashville. among those
which have OF late announced an augmented
volume OF business, are of a check in the
movement of merchandise due in part to
the near approach of the end of the spring
season, and to smaller interior purchases
owing to the arrival of the busy season for
agriculturalists. The seaboard markets re-
veal no special gain. The outlook is con-
sidered more favorable, but the improve
ment has not come. Among domestic
money markets there is good demand for
funds at Milwaukee, st. Louis Kansas
City, Fit. Worth and New Orleans. notably
from the country. At Kansas City the re-
quest for funds is less than last week. This
is true at Chicago also, where the late extra
demand is said to have been mainly for
speculative purposes. The New York stock
market has tended higher,
WITH BULLISH SPIRIT
and increased speculative activity. Nearly
all the leading speculative shares are ad-
vancing, st. Paul, Lackawanna and Lake
Shore leading the upward movement. slim
ulated by manipulation. This was in the
face of $500, 600 gold shipment and no ma
| terial gain in general railway earnings.
Decreased labor troubles anticipated better
| business and promises of pool harmony
were freely quoted. Government bonds
are firm. Investment bonds are firm and
shares are sought for. The improved feel
ing extends to speculative bonds and those
of companies undergoing reorganization.
MOneyis easy on call, at from 11S to per
cent. Commercial paper is scarce and for
egn exchange firm. Cotton goods have
improved somewhat in demand at the East
and prices are firm. At the interior there
is no gain. Prints are steady. Wool is
stronger, but sales are no freer. South
western markets
ARE RELATIVELY STRONGER
than those at the seaboard, although quota
lions are 2(03c below earlier asking prices.
Iron is dull and unchanged for best makes
| Steel is firm. Manufactured iron is in light
demand, except in special cases. Petro-
leum is lower, laboring under heavy bear
pressure. Inc upward turn was due to
heavy short purchases to cover. Prospect
i've new wells hold prices down. The in
dustrial situation is no worse than week
ago, and the outlook favors improvement.
The short hour movement is a practical
failure. The wheat outlook favors an ex-
cellent crop. Bradstreets San Francisco
advices report 60, 900. 600 bushels probable
in the Pacific coast. with SO, 600, 900 BUSH
els OF barley. The wheat markets are dom
mated by the bears on heavy stocks. prob
able good crops and light demand. The
Louisiana rice crop promises to be full
one, while the sugar crop in that state
looks less favorable than week ago. The
cotton crop in Texas needs rain badly. 1t
hained in the Atlantic states since the rains
stopped. Increased beet sowing depresses
sugar prices, and reduced coffee crop est-
mates have advanced quotations thereof.
Tea stocks are large and prices weaker.