St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-11
THE STATE OF TRADE.
Brisk Week for the Speculators--
GemernI Activity Nnred.


NEW YORK. Dec. 10.-The following is
the trade review for the current week as
compiled by r. G. Dun & Co.: A January
thaw came in the markets last week; in Oil
and mining stocks freshet, which con-
tinueS; in railroad stocks and grain dis
agreeable SOftneSs, though the tone is now
more confident. London buying still
stit1ienS stocks and the rise in silver caused
by French coinage for Tonquin helps grain,
and has started the speculative fever in
cotton. SoftneSS in some markets is
balanced by hardening OF prices in most
branches of legitimate trade, but specula-
tive failures are numerous III San Francisco,
Pittsburg. Chicago and New York and to
these are added some Important and numer-
Gus small commercial failures. Deal
ingS here were enormous, IS, 745, 000
bushels of wheat, 80. 900, 900 in one
day; 3,091, $50 shares OF stocks,
80. 593, 900 barrels of oil here. and 0,000.-
900 in one day at PitLSburg. and 926, 900
bales of cotton. including 259, 500 in one day.
Wheat had not to climb far and had not far
to fall. The highest pr.ce reached was
about 90c. against November average of
S5c. and SAC in October. Corn declined but
little and lard sc, pork Lproducts
being sustained by a decrease of 35 per
cent. in Western packing for half OF No
vember. owing to the Chicago strike. Cot
ton receipts for the week were Is, S27 bales
below last year, but 600. 900 larger for the
season thus tar, and the price advanced
5-l6c. Oil collapsed cents in a. one
day and 13 cents for the week. A coffee
speculation, began in Europe on account of
coming short crop in Brazil, lifted the
+,,H In Ittat
were III, 361 tons for the week against 49,
5S2 for the same week in November, and for
eleven months has been 4,250, 291, anthra-
cite and bituminous, while the British
make falls from 1880. 900 tons last year to
6. 75O coo estimated for this year. The key
of the iron market is the sale of 1,23S. 961
tons of steel rails for this year. of which tie
record is most significant; no less than
737. .307 went west of the Mississippi.
and 391, ,654 east: S25. 106 tons north, in
cluding $50, S25 west of the Mississippi and
403 $50 tons south, including 2S6. 4S2 west
of the river. Large sales were made last
week at $35, and pig is now quoted at $40.
The coal tonnage OF the year thus far in
creaseS 1.S per cent. for anthracite, % per
cent. for bituminouS and 34.7 per cent. for
coke over last wear. The rise in cotton has
yet caused but few advances i'll goods, but
exgorts have been large. Wool is weaker.
prices yielding little at the London sale.
In goods the tone is generally strong, but
foreign worStedS are offered at very low
figures, causing some canceling of orders
and Smiths tapestry brussels have been re-
duced 21S cents. The drug trade is grow
ing inactive, without loss in price. Prices
harden in sugar. spices, tea and canned goods.
The sugar consumption has increased
largely abroad, it is claimed, overtaking the
supply. Exports were small last week, but
for five weeks show an incease of S.S per
cent. over last year. against rs per cent.
increase in imports. Gold still comes;
S1,3l2. 900 during the week, with 81, 400,
900 more reported shipped. The treasury
took in 81. 800, 600 gold and put out $780,
600 legal tenders and $4,000. 600 more sill
yer certificates. Money is generally re-
ported in good supply. The business casual
ties in the South are far above the average
in number.