St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-27
E. r. BARDEN,
GRAIN COMMISSION,
Wheat, Corn, Oats, Barley, Baled Hay,
Il Chamber of Commerce. st. Paul.
REVIEW OF TRADE.
In Spite of the Expansion of Cir
culatiOn, b Business is Slack and
Collections Slow.

Special to the Globe.
NEW YORK Oct 26.-R. G. Dun's weekly
review of trade will say: Political excite
ment must have prevented a great many
transactions during the past week, and yet
the volume of business has been surprisingly
large Outside of New York there is a gen
eral increase il bank clearingss over last year
of about , per cent At New York; on the
other hand, a decrease of 10 per cent APP
pears, which the difference III speculative
activity does not fully explain. Foreign
trade, as a whole, is smaller than year ago.
At New York. for three weeks of october,
exports have been Is per cent larger
and imports D per cent smaller than
last year. At all ports the imports
for the month OF September were 81 100000
smaller than last year, while exports were
So, 400, 900 smaller, so that the excess of i'm
ports over exports of merchandise was only
S2,249S24. Outside of the five principal
classes named week ago. the exports. in
creased S26, O00, 900 or 10 per cent. decid
eddy encouraging sign. But prices of bread
stuffs do not so yield as to promise a free
movement. and the excess of imports over
exports for the past eight months has been
more than S94.000,C00. The inquiry for
good American securities has not ceased i'll
Europe, but the course of events here is
such as to. produce some discourage
ment on the part of holders. While
the average price of stocks is only
about 81 per share lower than a week ago,
the passing Of some dividends and the de-
cline in favorite securities at Boston have
weakened the market. An advance in West
bound rates is announced for Oct %,
ranging from one-third for the lower 10 one
half for the higher classes, but the East
bound traffic is still in unsatisfactory shape.
The purchase of the Georgia Central by the
Richmond Terminal looks toward a con-
tinuance of consultations but the unWel-
come fact remains that expenses generally
increase more than earnings. Remarkable
activity in the stock market, one way or the
other, is generally expected soon after the
election, and it may have some effect upon
finances and general business. The collapse
of the lead combination and the failure
of the CHIEF SPECTATOR has increased the
distrust of other speculative movements
which disregard legitimate considerations.
But wheat is Sc higher than Il week ago,
with corn 1lsc lower, pork soc per barrel,
hogs Ace per 100 lbs and lard SOC lower.
Coffee has fallen half a cent, refined oil lsc
and crude certificates &c. A slight advance
in cotton aud a rise of I2c in leather are the
chief changes in the other direction. The
iron market is less firm, though still of
waiting sort. but there are limitations that
less than S2S has been accepted for rails.
The copl trade also shows signs of weakness,
while the output for the last week reached
96S 0J4 tons and the actual accumulation of
stocks seems rapid. In wooden and cotton
manufacture no change is noted; but al
though dry goods transactions are, called
irregular. symptoms of better demand
are reported. AS usual, interior
reports indicate a very satisfactory
volume of trade. and these accounts are so
general that only the few exceptions call for
mention. Less activity is noted at Pittsburg;
quiet trade and slow collections at Memphis,
ana slower collections at st. Paul, with more
careful scrutiny of accounts by jobberS. At
Cleveland, too. manufacturing is rather hes
liant, and the money market tends towards
stringency. Considerable liquidation ap-
pears at Atlanta. but increasing cotton re-
ceipts give promise of greater activity there
ana at Memphis. The treasury continues to
supply The market literally with funds, hav-
ing paid out during the past week 81 800, 600
more than il has taken in. the excess being
i'm silver certificates. Business failures this
week number for the United States 222:
Canada, 81; total, 254: compared with 2I6
for the corresponding week last year.