St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-22
REVIEW OF TRADE.
The Volume of Business Continues
to Improve.

New YORK, Sept pr. G. Dun & Co.'S
weekly review of trade: The volume of le-
Ultimate business continues TO improve.
Crop reports are altogether favorable as TO
corn The general average of prices has
again declined slightly. In stocks severe
reaction averaging S3 per share eliminated
last Saturday, and there has been an average
advance of Sl.0O per share. The crop which
is most important, in railroad or financial as
pects is not large: the yield of wheat is
so 600 600 to so. 600, 900 bushels short of a
full crop. Heavy rains, late in the season,
have also injured cotton. To some extent as to
grade and probably as to quantity. But
the feeling still prevails that a large business
NAV be expected for the coming season.
though fuller supplies of money at Western
and Southern centers may cause demands
upon New York TO be lighter than usual.
Official reports show that the money in cir
culatiun of all kinds was about Sl.361. 000,-
900 Sept. l. against 1871, 100000 a year
ago. and the treasury has put out this month
about 81. 2Ol.00O more than ii has taken in.
besides adding 10 circulation the amount Of
gold and silver coinage. For the past week
the addition to circulation has been So, 20O,-
900. and Thursday So, 900 more bonds
were purchased, 40 being paid for per
cents The reports from interior points
show that money IS generally in ample
supply, though there is some close
ness at Cleveland and Detroit; the market is
tight at Atlanta. Collections have improved
for speculation; money here is in abundant
supply but for commercial uses the market
is growing harder. Business is fairly active
at all interior points reporting, ana at most
il is better than a year ago. But while the
principal centers report good and incrcas-
ing trade, the accounts from several of I'M
usual dullneSS at the smaller towns in re-
gions surrounding, suggest that distribution
may not be answering expectations The
iron market grows at Philadelphia, though
one company still sells at SIS for No. L.
Coal moves largely on past contracts,
and the years output thus tar
is s per cent in excess OF last
years to date. In wool prices are
a shade higher, but the speculative de-
mand has abated. Foreign trade has i'm
proved a little, but exports for the past three
weeks from New York are still per cent be-
low last years while imports here show an
increase of per cent The preliminary
statements for August show that the exports
of breadsIuifs. provisions. cattle, cotton and
oil were SS,577.33S smaller than for the
same month last year, or % per cent, but the
last wears exports for that month were ex-
ceptiOnally large. Wheat has been mOder-
! ate!v active with sales of $4,000 600 bu., and
! only one-quaTter net advance in price, while
corn has declined ls4c, oats l2e. and oil 34c.
Pork products are higher, dressed hogs
! Zoe. and lard soc per hundred lbs.
! Cotton has advanced l-16c with sales of
! 4O4 OOp bales and coffee l2c with sales of
! 100000 bags Hides are steady. but leather
t has advanced fully lie. Meanwhile exports
! of wheat from this country for July and
August amount to IS.5 20, 600 bu flour in
Guided. against 80, 100000 bu last year, and
/ The supply remaining for export is probably
( about "a O00,O 900 bu greater than last year s
exports for the rest of the crop year. The
/ business failures number 22S, as compared
] with 2l7 last week, and 224 the week pre-
yious TO the last For the corresponding
week of last year the figures were 1873.