St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-07
THE STATE OF TRADE.

NO Gain in the Distribution Of Gen.
era1 Merchandise..The Outlook
For Crops.
NEW YORK, Aug. Especial kilograms
to BradStreetS this week do not indicate
any gain in the distribution of general mer-
chanoise. The movement of flour, grain
and provisions by rail Eastward from Chi
cago does not increase in proportion to re-
ceipts of produce at Western centers,
though this is to be explained in part by
the increased lake shipments, which have
rendered the lake shipping business more
prosperous than for several years. Reports
OF earnings OF thirty live railways for July
aggregate SIT, O99. 131 in 1886, against S14, :
559, 7O6 in 1885 (thirty-four roads,. The
total OF bank clearings at twenty-nine
cities for the current week is 1857, 429, 1872,
against S747, 5S6,67 last week, There
has been noticeable hardening
of interest rates at financial centers
owing to the increased demand from wool,
lumber and clothing dealers, as we'll as
to advances on grain shipments. EXcep-
tons are noted at Kansas City, Louisville,
Indianapolis and Cincinnati. Rate cutting
at Chicago tended to depress prices of rail
way stocks, but the market is so entirely
controlled by manipulation that an upward
tendency was speedily arranged. Bonds
were strong and advanced generally. For
eign exchange is extremely weak Oh bet
ter supply OF commercial bills. joined to
free offering of stock bills. The total of
bond sales at the New York stock exchange
was S14, 900, 600 this week, against S12,-
000,0 last week. Stock transactions ag-
gregated l, 291, 900 shares this week against
1,029, 900 last week. The Llore significant
industrial feature OF the week is found in
the improved demand for finished iron at
Pittsburg. Special advices are that makers
are more Sanguine than for two years past.
Prices unchanged but the mills are pushed
to meet requirements. Like reports come
from Philadelphia and ST. Louis. Dry
goods sales are fairly well sustained, tine
aggregate being in excess of last year. Cot
tons are strong at advances Prints are
less active, but no lower. Stocks of fan
nels are light. There is less doing in raw
wool, but the market favors holders. Prices
depend on the results OF the opening OF
lightweight fabrics. which are not fully
known. There has evidently not been so
general an advance as expected, though
late London and Antwerp sales have been
at full figures. Later adviceS from the
spring wheat crop are more favorable.
Heavy receipts continue to depreSS prices.
The damage to corn from drouth is also less
than was recently reported, the probable
yield being nearly 100000, 900 bushels,
against 1910, 000, 900 last year.
There has been slight damage
to the cotton crop from shedding The
plant has improved in the Carolinas, Geor-
ga and Alabama Hot weather has
threatened Central and Western Texas.
The louisiana rice crop promised to be
heavy. The weather of late has been I'M
favorable to the growth of the cane in that
state. The price of sugar has gone to the
lowest point ON record. with light de-
mand and with heavy probable supplies.
The tea market is demorallzed under large
visible supplies and heavy Eastern exports.
The number of business failures in the
United States this week was 124, against
1852 last week. Canada had II this week
against % last.