St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-01

is common. but no reason vet appears f0T be-
lieyipg that the disposition of majority in
congress is changed. Trade accounts from
the interior this week are more variable than
usuaL indicating some slackening of bust
ness at many points. At the South delay in
marketing cotton has much influence. At
Kansas City trade is comparatively quiet,
and at Cleveland, Detroit and Milwaukee i'm
provement is noted, with more active de-
mand for money, who nevertheless in
fair supply at all cities reporting this week.
Collections do not improve at the South, but
seem fairly satisfactory at most Northern
cities, and at some are decidedly better. 1t
is to be noticed that while the num-
Der of failures for the past FIVE
weeks has been greater by rs. or per cent
than for the same weeks last year, local re-
Important or that the aggregate of liabilities
is une1ually large. The dry goods market is
more healthy as to cottcns, and with priut
cloths stronger at 3.94c, prices of other
trade comparatively little is doing; dIess
goods are in fair demand, but trade in heavy
weight woolens and in f1annels and blanke s.
is light, and knit goods are quiet AS the
outlook depends largely upon congressional
action regarding the classification of goods
imported as worsteds, the hesitation in this
department is likely to continue. No advance.
in prices of boots and shoes is now ex-
pected and the trade looks promising. The:
breadstuffs market, after sharp depression
has recovered alittle. but the sales of 3d.
O00, 900 bushels of wheat closes 23sc lower
corn 22sc lower and oalS have declined Ac.
Cotton is an eighth lower, and while
Texas estimates of yield are reduced to.
1,6uO,n 100 bales, the prevalent opinion is
still that the crop will be nearly. though not
quite, as large as last years. Oil has changed
little, coffee has been marked up half cent
while pork is 25 cents per barrel lower, lard
II cents and hogs 10 cents lower per 100
pounds. The uncertainty in the iron bust
ness increases. More furnaces are going
into blast; every furnace in the Pittsburg
district is it operation and the out
put is larger than ever. Buyers nat
urally look for lower prices, and
the Thomas Iron company, according to re-
ports. has intimated that its contract prices
for next year will not be raised; but the rail
market is. dull, and after sharp competition
between Pittsburg and Chicago an order for
it is stated, which would be the loves, price
on record. contrasting with S37 % year ago.
The combination has agreed that any mill
may sell the whole or part OF its products to
any other, bu6 the prospect for large de-
mand hereafter does not improve. Pig anG
bar iron are both less firm in tone. The an
thracite coal trade suffers from recent over
production. and 1t is proposed TO work only
three quarters time. Monongahela min
ass soess D snd low on nrces 0 of
5000 persons out of work. But the coke
production IS the largest on record. Lead is
dun at S3.62, and copper is weaker at
S17.35 for November. and tin at $22.3O.
The treasury has avoided any accumulation
of funds. without making further bond pur-
chascs of consequence. The exports of
merchandise from New York will be sub
stantially the same in November as in the
same month last year, with decrease of 2
per cent in imports, but the large excess OF
exports for the month which these dgures
indicate, has not much effect upon none
tary prospects SO long as the movement i'll
securities is uncertain. Thus far engagements
for export of gold have not been large
for the week, but the shipments to-day are
awaited with much interest. Continued out
flow of gold in December, after generally sat
isfactory crops. would be regarded as signif-
cant. The business failures occurring
throughout the country during the last seven
days, as reported to R. G. Dun d Co. Friday,
by telegraph, number, for the United States,
POI, and tor Canada 81 or total Of $50, as
compared with a total of 293 last week, and
237 the week previous to the last. For the
week of last year the figures
were pa, made up of 215 failures in the
United States and % in Canada.