St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-01
common but no reason vet appears fo.' be.

is common, but no reason yet appears fo7 be-
lieving that the disposition OF majority i'll
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 qn,et,
and at Cleveland, Detroit and Milwaukee i'm
proyement is noted, with more active de-
mand for money, wh.cIi S nevertheless in
fair supply at all cities reporting this week.
Collections do not improve at the South, but
seem fairly satisfactory at NEST 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 res.
ports do not indicate that many have BEEN
important, or thatthe aggregate of liabilities
is unequally large. The dry goods market is
more healthy as to cOttons, and with priIt
cloths stronger at 394c, prices of other
trade, comparatively little is doing; DIRE s.
goods are in fair demand, but trade in heavy
weight woolens and in fiannels and blankeas,
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 exr
pected and the trade looks promising. The
breadstuffs market. after sharp depression,
900, 900 bushels Of wheat closes 27sc lower,
corn 2Ssc lower and oats have declined Ae.
Cotton is an eighth lower, and while
Texas estimates of yield are reduced to.
100000 bales, the prevalent opinion Is
still that the erop.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 % cents per barrel lower, lard
IL cents and hogs 10 cents lower per 100
pounds. The uncertainty in the iron bust
into blast; every furnace in the Pittsburg
district is 1t operation and the out
PIT is larger than ever. Buyers nat
urally loOk for lower prices, and
ports, has intimated that its contract prices
for next year will hot be raised; but the rail
market is dull, and after sharp com petition
between Pittsburg and Chicago an order for
3 % tons was taken at less than 500 at mill,
it is stated, which would be the lOWesl price
on record.contrasting with $37 .25 year ago.
The combination has agreed that any mill
may sell the whole or part or its products to
any other, buG 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.
ing ceases eases Dec l. on nrc account nt,o of
6,OUO persons out of work. But the coke
production is the largest on record. Lead is
dull at S3.62, and copper is weaker at
S17.35 for November. and tin at $3.50.
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 a 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 in
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 signifi-
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,
2O1, and for Canada 81, or Il total of 232, as
compared with a total of 293 last week, and
2237 the week previous to the last. For the
corresponding week Of last year the figures
were I'D, made up, of 215 failures in the
United States and % in Canada.