St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-09
THE STATE OF TRADE.
1t shows Many Features of EncOur-
agement, and Exhibits But Few
Ora EbackS,


NEW YORK, Oct. Especial kilograms
to Bradstreets, while recording moderate
check in sales of some staples as expected
at this time. make plain new evidence of
the exceptionally heavy volume of business.
The bank clearings now begin to reveal the
full proportions of commercial transactions,
with very heavy total for thirty cities.
During the current week, as especially
wired to Bradstr Gets, the aggregate clear
ings are 1900, 255, 4S7, against 1896, 643,-
52S last week, and 1886, 739, 1875 IN the
like week of 1885. showing gain
of 20.4 per cent. this week, and
of 81 per cent. against last year.
Heavy dealings in the New York stock
market will account for share Of the in
crease at New York, the total for the week
amounting to 3,203, 900 shares against
2,645, 900 last week and 1,156, 600 in the
Ike week in 1884. The total earnings of
forty-nine railways for September reported
to Bradstreets' is $40, 205, 900 against $16,-
sos, 900 in 1885 and S1S.2O4, 600 in 1884.
For the nine months the aggregate is $780,
sos 900, or $5,25S,O0 more than in 1884
and $691, 900 more than 1885. The New
York stock market was active, feverish
and influenced by a highly-speculative feel
ing. Prices advanced irregularly. although
toward the close of the market a
quieter feeling prevailed. Bonds were
firm. Money was extremely firm and
foreign exchange was weak and
close to the gold importing point. The sale
of dry goods, cotton, wool, and to some de-
gree of lumber, has been somewhat checked,
but there remains confidence on all sides
of good demand in the near future. Pig
iron is now 81 per ton higher in all direc-
tons. Southern and Western furnaces are
heavily sold ahead. and demand for 800
tons from dozen consumers in New 7 Ork
for early delivery would put No. up 81 a
ton. Dry goods are firm. Print cloths are
higher. and brown and bleached sheetingS
are fractionally higher. Stocks are not in
creasing. Wool is quieter but strong.
In spite of speculative buying, home
prices are below foreign. The loss OF
cotton in Texas by the late storm is re-
ported to amount to over thirty thousand
bales. Estimates of the losses to the West
ern tobacco crop are placed at 5 to 10 per
cent. Louisville reports the lower figure.
There is some doubt as to the extent OF loss
by frost in Virginia and North Carolina.
Cotton and tobacco, as well as petroleum,
remain dull, featureleSS and without ma
terial change in price at New York. Hog
pTOuuCtS are uopIcSScu duu lOW' AhOAO 10
no sign of gain in wheat, despite the late
export demand. Receipts at the West and
Northwest have declined some Flour is de-
pressed and lower with continued heavy for
eign consignments. The industrial situation
is disturbed by an extended strike and lock-
cut of workers in textile fabrics at Phila-
delphia, and the threatened strike OF 20, 600
pork-packing employees at Chicago I'M
nrOved cane crOp prospects have further
depressed sugar. and heavy receipts of cof-
fee have caused further slight decline in
that commodity. The business failures oc-
curing throughout the country in the last
seven days, number. for the United States
167, and for Canada %, or total of 100
failures, which is about up to the average
of the last six or seven weeks. The fail
ures in New York and the east are light,
the pulk of the weeks casualties being re-
ported from the Southern and Western
states and Canada.