St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-04
ruE STATE OF TRADE,
Koom in Business, Owing Largely
to the weather. and a Speculative

A Koom in Business, Owing Largely
to the weather. and a Speculative
Craze.
New YORK, Dec. Especial kilograms
to Bradstreet's point to moderate gains in
the movement of general merchandise from
Boston, New York, Baltimore, Detroit,
Mil waukee, st. Paul, Minneapolis, New
Orleans and San francisco. Except in so
far as this is due TO increased breadstuffs
and other exports from the Atlantic sea-
ports named. the gain is due to stimulated
retail demand for dry goods, groceries and
notions. owing to the cold weather and to
the approach of the holiday season. There
is no material change at Philadelphia,
Pittsburg. Cleveland, Louisville, Chicago,
st. Louis and Kansas City Almost points
widespread confidence is reported IN the
future of general trade, Notwithstanding
noticeable check to the movement of
goods from first hands in the textile and
other lines. The total bank clearing's this
week at 80 cities show the unprecedented
Increase of $500. 900, 900 over last week. the
total being 81. 26S, 746, 793 against 81, 006,-
O06, sos a week ago and 81, O97, 245.6 $50 for
the week ending one year ago. Here ls an
increase of 20 per cent. over last week, and
16 per cent over the like week last year.
The gain at New York is SIS, 400. 900, or
about 20 pei cent due very largely to the
heavy speculative transactions in railway
shares and bonds, petroleum and produce
exchange dealings. Increased exports also
had some influence, Phladelphla'sl increase,
SO per cent, was owing to the heavy gain in
volume of railway share spec
ulation. Boston's gain of II per cent.
was caused to some extent by like influ-
ences, but that of so per cent. at San Fran
cisco must be explained by the outbreak of
speculative fever, and that of 40 per cent.
at Chicago largely to increased speculation.
Mercantile collections at the west and
Southwest are slow, owing TO continued
disposition on the part of the farmer to
hold back his produce for higher prices.
The New York stock market this week has
been the scene of wild speculation i'll Read
ing, which made considerable advance on
somewhat indefinite prospects that the re-
organization plan will be favorable to the
stock. A heated speculation is also in
progress in mining shares. The weeks
transactions aggregated 3.S9s, 1876 shares,
against 1885. 170 shares in the preceding
week, 1, 9O6, S22 shares in the corresponding
week OF 1856, and t,722, SOC in 1884 Read
ing contributed about. 1.07O. 600 shares to
this weeks total, and 600. 900 shares to that
of the preceding week, or, altogether, about
double the share capital of the company in
the two weeks. Bonds are firm and ad-
vancng. in anticipation OF large demand
for Investment after Jan. 1. At the West
and South the pig iron market is quite
active. Some Southern furnaces have left
the market, owing to the absence OF stocks
and heavy orders ahead. During this week
wheat options at Chicago and New York
have advanced 4@415 cents, and for spot
cents per bushel, on increasing exports and
speculation and small stocks abroad. The
renewed strength is quite pronounced and
the opinion gains ground that permanent
gain in wheat prices has finally begun. In
dian corn went ~ cents higher, with small
stocks and heavier demand, and wheat
demand, and wheat -four, with better in
quiry for export and a reduced production.
has been marked up Is cents per barrel.
Dry goods at first hands remain dull and
steady, except ginghams, which tend up
wards.