St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-22
REVIEW OF TRADE.
r. G. Dun & Co. Say the Situation
Seems Less Wholesome.

NEW YORK. Dec. Pr. G.. Dun & Co. S
weekly review of trade will say: Business
has been rather more active than is usual for
the season, although at some points there Is
complaint At st. Paul mild weather is held
cause of tardy trading, and the movement
OF Kansas City is rather light but more
activity is noticed at Detroit, and other re-
ports from the Northwest indicate salts
factory volume of trade. In the Southwest
there is more irregularity, and while the cot
ton movement is now large and the clearings
heavy, the situation seems less wholesome.
AT Memphis no improvement is reported,
and the character of recent failures is thought
indicative of an unhealthy state of
iron underseling Northern products,
and the same is reported from Philadelphia:
the payments through all clearing houses
are still abont per cent larger than a year
ago, and at all cities outside of New York the
amount is about 3ls per cent larger. The
weakness in the iron market is distinctly due
to the oyer-supply. Sales of Alabama iron,
equal to Eastern gray forge, which sells at
s16@l6.5O, are reported at S1o. The trade
in bar iron is weaker. and 1.Sc is quoted by
mills which want trlers. Nails are ruiz
ously low at 81 80, or even less. The official
report shows sales of steel rails of l PSI, III
tons for eleven months, with i,l16,7 SS tons
deliveries. Coal is weaker, with an increase
in Tidewater stock of 100000 tons In No
vember. The anthracite coal trade closes
with stocks accommodating aud sales below
current qro.ations. Cotton staples a:e
only in moderate demand. and print,
cloths at 3.S7 bid. Dress goods are steady
and better demand appears for low grade
0vercoatings and Satinets, but other mems
woolen's are quiet More activity is observed
in carpets A French syndicate has bought
heavily of raw silk and a sudden advance of
20 per cent in French and Italians and Is
per cent in Japans has followed. Raw cotton
IS 944c for middling uplands. Sales here for
the week were 3{,O 600 bales Coffee has
been lower at l6s4c, with sales for the week
OF $1,000 t a rs: The oil speculation is more
active. Copper is dull and lower at $174O
for December, and tin at 22e. Wheat prices
are dc lower for the week. Sales here have
been only 1000. 600 bu and the seat of the
dlmculty is at Chicago, where favorable re-
ports as TO growing winter wheat began to be
felt. EXPORTS from Atlantic ports for three
weeks have been 81 .59l bu, against l. 19S,-
32l last year, and of flour 1880
bbls against 66S,259. and corn exports
3,lOS.O36 bu. against l ,414,074 bu last year.
oats unchanged. On the whole the tendency
of prices is still downward At western
points some stringency appears. The value
OF exports from this port for three weeks
was 8 per cent larger than last year. Imports
keep above last year, the increase for three
weeks being &c per cent The movement of
specie is controlled rather by financial de-
mands on The other side than by the state of
merchandise trade. million gold went
abroad OH Wednesday. The treasury has
paid out during the week. at all points,
81, 100000 more than il has taken in Bank
ers look for further outgo of gold in jan
uary, though annual disbursements are ex
pected to stiffen the market for securities.
The business failures during the last seven
days number 81 l, as against Total of sos
last week. and 500 the week previous. For
the corresponding week of last year the
fipupHS