St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-16
NEUTRALITY-SUSPICIOUS.
Business Continues Healthy and
Confident.

NEW YORK, Nov. 15.-R. @. Dun & Col
Weekly Review of Trade will say: Business
continues healthy, confident, and unprece.
dented in volume. Long ago it was held
that the years results would turn upon the
crops, and it IS now certain that the yield
has been on the whole about the largest ever
known. The question whether the wheat
Weld is 20.UO''. 1000 or 30,0O0,0OO bu below
the maximum Is not Important; the cotton
crop will much exceed any previous one. ii
the latest official figures are correct; the
corn crop will exceed any preceding by 10 3
O 10000 TO 2Oo.o0O.oOo bu: the oat crop is
the shortage in potatoes and fruit is
Immensely overshawdowed by the gains in
meat. The exports Of provisions and cattle
in October showed against last year. gain of
$50 per cent, The bank clearings show the
increase at New YorS was 80 per cent for
last we elk; at Boston, Philadelphia and Chi
cago II per cent and at all other cities Is
per cent. The capacity OF iron furnaces in
blast Nov. ! was much 81. the the greatest ever
against i51.U59 Oct. l, a gain OF nearly 10
per cent for the month; and against lOl,-
064 Nov. l, 1888, gain Of l1.5 per cent
for the year. The weekly production is now
greater than that of Great Britain, and
in that country, being at the rate
Of about 9.3m,O00 tons yearly, after
allowance for difference between actual ca
pacity and actual output, Yet no excess OF
are firm at the recent advance. an actual but
small sale of rails at S35 being reported, bar
) iron being strong at Sl.95, nails In fair de-
nand at S2.1U, and plate, structural and
steel mills full Of orders. The one point of
doubt is whether the warrant system may not
operate for the time TO conceal an excess OF
output over the consumption. and thus pre-.
pare for serious reaction later. The coal
business is still dull. Copper has risen to
weaker at 2I&c. Wooden goods are NOV
ing from the city and, at concessions
! in price, manufacturers have been
buying more freely. 1t is reported
that importers sales OF spring goods
if true, threatens more competition than the
manufacturers have anticipated. The boot
and shoe trade continues large: with steady
I prices, and leather is steady. The clothing
business is dull at Philadelphia, with hard
collections, and dull at Chicago also. Spec
ulation in products has been more active,
with some advance in prices. Foreign re-
ports helped rise of two cents In wheat. but
it came out Thursday that heavy operators
who were buying at Chicago were selling
here, and the sales at New York were over
IO.O0O,OOO bu that day. Corn Is but
quarter stronger, pork unchanged, with a
slight ADVANCE in lard, petroleum only
shade higher. and oats, 1c higher.
cent, but the distribution is dull.
Chemicals are quiet The speculation in
stocks has made small progress Railroad
earnings are most encouraging, showing
gains Of ga per cent for October. There Is
more than usual uniformity In accounts from
all parts of the country, for though Milwau-
kee finds business not very satisfactory,
owing to open weather and the demand for
money decreasing. and some lines of trade
are slow at Cleveland and Philadelphia,
the reports at all other points are favorable
as to the volume of business. and in the main
as to the collections. The money market is
easy at Chicago and Philadelphia, out firm at
617 per cent at Boston for ordinary COM
mercial paper, and unchanged here at 6 per
cent on call Foreign exchange is shade
higher: Bank of England lost 81 1885, 00u last
week, and the Bank Of France. $1,000 q
gold. But the large exports lessen demands
on this market, the increase in merchandise