St. Paul daily globe., 1886-11-27
TIE STATE OF TRADE.
Encouraging Advances at ST. Paui
and nliuneapoliss-Thc Genefai
RntEnaE

Encouraging Advances NJ ST. Paui
and minneapolis.-Thc General
Outlook.
NEW YORK, Nov. 26.-Speciai kilograms
to Bradstreet's record less activity IN the
movement of general merchandise,
although at Chicago there has been an IN
creasing volume of sales, particularly OIL
dry goods, and in less noteworthy degree
at St Paul. Minneapolis. Milwaukee and
Burlington. The aggregate OF sales In
stanle lines has been curtailed OF course by
an intervening holiday. The restricted
trading has been more conspicuous at East
ern ceuters. owing to the decline III the
number of mail orders received, and to the
notable absence of interior merchants.
This is reported from ST. Louis, Cincinnati,
philadelphia. New York and Boston. At
New Orleans also general trade, Whlle
fairly satisfactory, is below late eXpecta-
tiOns. Country merchants tributary 10 that
market are not reported to be generally
as prompt in payment as desired,
and refiners, unable to get satisfactory
prices for sugar. are storing their product
At Kansas City there is fairly active
movement of general merchandise, but the
total value is less than that Of a fortnight
ago. The interior domestic money markets
as a rule are not quite as tlrin as last week.
At Chicago there is less demand for funds
for manufacturing and commercial enter
prises, but larger demand for grain and
other speculative ventures. AT Cincinnati
funds are flowing back from the country,
and at Milwaukee they continue to go
westward, but in diminished volume. Inc
total volume of bank clearings at thirty
two cities for the current week is 81, GUS
orr. .IOS against 81, 103. 1SS, 201 last week,
and 81, ,OS3, ,S65. O12 in the fourth week OF
November. 1885. The decline as compared
with last week is but per cent.
of that called for by the loss OF
one entire days transactions, thereby
pointing to propOrtionate increase ID the
amounts transferred. The speculation Id
wheat, petroleum and railway shares con-
sinues at the full while exports and I'M
ports of produce and manufactures remain
of large proportion. The New York stock
market is excited and strong. and under the
stimulation of the settlement of the express
wal. the prospect of peace between the
Baltimore & Ohio and the Pennsylvania
company, with anticipated dividends on the
Western Vanderbilt lines, speculation tends
toward the trunk lines stock. though there is
still much attention paid to the fancy" ana
Southern stocks. The transactions OF the
week five days. were 1855, ITO shares,
against 2, ,625. 925 shares in the week ending
Nov. 49, Bonds were strong and advanc-
ing, with sales for the week to
the amount of S12.714,2O0, against
S14.111,5OO last week and S12, 147.-
500 the preceding week. Funds at
New York are steady in spite Of efforts to
manipulate for higher rates. Foreign ex-
change is slightly tirmer. At Eastern cen
ters the movement of dry goods has been
disappointing Prices in most lines are
sustained and the outlook for heavy weight
woolens continues bright. Prints, how
ever, have declined Is cent from 215 cents
for 6-4s, after a month of extreme firm
ness. Raw wool is quiet but tends to
favor buyers, as concessions have been
made to manufacturers wanting large lines.
There is rather more conide1- 1-ce as to higher
prices. Pig iron continues firm, with no
change in prices. Steel rails are more
active and more profitable to makers than
has generally been made public. and prices
are 81 higher at $50 per ton. The special
tobacco crop report indicates that the
Western leaf crop will aggregate about
235. 900 hogSheads. against $500 hogs
heads in 1885. There has been decline
in the yield of about so per cent. in the
bright Virginia and North Carolina leaf,
and of about 16. 900. 900 pounds, or nearly
IL per cent, in the seed leaf crop, mainly
through the falling off in Wisconsin against
the output of last year. The speculative
breadstuffs trade is realizing more fully the
Iong-claimed strength of the position Of
wheat, but thus far, in spite of that fact
and continued heavy exports, the price of
the cereal does not advance much. The
business failures for the last seven days
throughout the country number for the
United States 1S9 and for Canada 81, or
total of PIG, as compared with PAP the week
previous and 231 the week previous TO the
last. Casualties are more numerous in the
South this week than anY other section of
the country, siXty-seven being reported.