St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-07-03
THE STATE OF TRADE.
Little Activity at Present, But G God
Fall Prospects.

NEW YORK, July Especial kilograms
to Bradstreet's this week. while reporting
general trade as seasonably quiet and with
out special feature, concur in mentioning a
very hopeful feeling among merchants as to
the outlook for the autumn. Money is less
active at Kansas City, in fair request at
Milwaukee, and more active at Chicago
and ST. Joseph, Mo. Mercantile collections
are materially improved at st. Louis, Kan
sas City. Milwaukee and Cleveland. In
the New York stock market, besides dis
position on the part of the bull cliques to
suspend operations over July 4, there is a
more pronounced bearish tendency growing
out of the freight rate war in which the
Granger roads are engaged, the large ex-
ports of gold and the sudden advance in
rates fol money. The transactions of the
week ending Friday were l 1853, 900 shares,
against 1919, 900 shares last week. Bonds
of all classes were dull. Investments and
governments are firm. Money ON call
was quoted on Wednesday and Thursday
as high as 8 per cent, but the generality of
| loans averaged per cent. On Friday
rates had declined to 1908 per cent. Ex-
| change was firm and So, 500, 900 in gold was
engaged for shipment. Commercial paper
| is dull The interest in wool has receded
from the Central Western states to Mon
tana Wyoming and Utah, where prices are
held above a parity with the ruling at
Eastern markets. The clip east of the
Mississippi has been cleared up, though
more largely by spectators than by manu-
facturers, prices having risen from to 3
cents per pound within ten days. The tone
of the dry goods market is encouraging, all
| advances in cotton goods having been MAIN
| l,,,rt, ~,o1c
| iron market is unch anged as to price. Mil
irons are dull. Steel rails are strong at the
low prices quoted and the mills are full OF
orders. The low price of English rails ex-
ercises depressing influence. Wheat
prospects. aside from Wisconsin and Min
nesota, are for fair harvest. Estimates
vary from 435, 600, 900 to 465, 900, 900 bush
els. The wheat prospects are less favora-
bic, particularly in India. Bradstreet's
reports of stocks of wheat east of the Rocky
| mountains July 1, aggregate 80, 200, O0t
bushels, against $4,000, 900 three months
ago, and on the Pacific coast 5000, 600 bush
els, against 10, 000 600 April l. Petroleum
tends lower, but is very variable under con-
fiicting new well news. Lard has beer
materially advanced by spectators. Brad
streets July cotton report shows that heavy
rains have injured the growing crop so thai
the condition may be claSSed as faIrl.
only against good one year age. Spot cot
ton has been more active and 3-16c highe
in consequence. The total number of fail
ures in the United States reported to Brad
streets for six months of 1856 is 5, 461
against 6, LOG in 1885, 5,444 in 1884 and
1926 in 1888. The total liabilities are $751;
241. 900 against sos, $40. 600 in six months
of 1885, 1924, 104, 600 in 1884 and $73, 594,
in 1888. The assets aggregated $25, 500,
0O0 against S32, 055, 900 in six months o
1885, $40, $50, 600 in 1884 and 500, SS7. 00
in 1888. The percentage OF assets to liza
bilities this year and last is 4S against Sc il
six months of 1884, and 81 in 1883. Tn
monthly statistics of sugar stocks show
reduction, the visible supply standing a
1905. It's tons against 1.420, PAT tons las
week, but they are still heavy compare
with year ago, when they were l, 22S, SO
tons. This, with fair crop outlook
chez ks any advance.