St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-23
MAKING STEADY PROGRESS.
h. &. Dun ~ Go. Say That
Trade Is SurDrisingIyG Good.

NEW YORK, Nov. Pr. G. Dun x Co.'S
weekly review of trade SAYS: The Brazilian
revolution has had surprisingly little infu-
ence in the markets at yet; coffee is only an
eighth higher for the week. and the new gov
eminent appears 10 be SO general sustained
that apprehension of closing of ports or in
terruplion of trade has almost ceased. But
il is possible that the markets were indirectly
affected TO some extent through Europe.
where the uncertainty continues The Bank
of England lost for the week 81, 0J0.OOU and
the Bank of France S431,OUO. Here money
has been scarce and dear at times, tight at
Philadelphia, and decidedly close at Boston.
While the treasury has taken i'll for the week
81 1870. 600 more than IL has paid out, the
heavy exports of domestic products give
strong assurance that The money market VIII
hardly be disturbed by demands from abroad.
The marketing of crops, and the movement
Of money flom this city TO pay for them,
have produced an easier situation at eStern
and Southern centerS, and while no change
is reported at Chicago, ana money is active
at per cent at Milwaukee, II Is at other
points reported distinctly easier, or i'll ample
supply for legitimate business. The great
industries are making steady progress
Though the sale of steel rails at S35, reported
last week, was of small quantity and 10 a
speculator yet the market is undeniably
strong and pig and most forms of mauufac-
tured iron and steel fully maintain present
quotations. The cotton manufacturers have
been doing 4 steady business. with finn
prices, and as TO its prosperity evidence is
afforded by dividends averaging 9.73 per
cent yearly on thirty-three Fall River mills.
The wooden goods business does not appear
at Boston 10 be improving 10 auy great eX-
tent and il is now definitely settled that no
advance over last years prices VIII be at
tempted. but there has been more activity in
the wool market here, at Philadelphia and at
Boston. the sales at Boston reaching 3,OOD,-
900 pounds, though at concessions still on
Transactions of magnitude. Montevidio h ides
tave sold at the loves prices Tor thirty
five years, but more demand for
leather is noticed at Boston, espe-
cially for wax and kip. Hardware is also
selling well, and lumber is in good demand.
Rubber was disturbed at first by fears that
the supply would he cut off, but with new
Para at PC the apprehension is disal p ar
ing. Wheat has risen s5c. with sales OF Do
900, 900 bu here, and corn only bsc, with
sales of 5,500,Ou0 bu. Oats rose ssc. and
print products are higher. The general
course of prices has been upward, however.
the advance since Nov. having averaged
about l "A per cent on all commodities. Bar
silver has risen TO Aid per ounce, in part
perhaps. because of the report that the ad-
minIstratiOn will propose issue of certificates
against bullion at market value in any
amount that may be deposited. At Chi
double those of last year, and
of provisions more than double, while
the dry goods trade still quotes satisfactory
results, with payments easy i'll the country.
The Minneapolis wheat market is very
active. and The lumber cut is put up at 270.-
OUO.O0O feet; trade is satisfactory there and
at st. Paul. with improving collections.
Business is improving at Kansas City, espe-
cially in the holiday goods. Pittsburg notes
still better prices for some forms OF manu-
featured iron: glass active and firm. and
movement of 8. 0.D.00U bu coal down the
river. In leather, unusual activity fol the
season is observed, especially in Morocco
and goat skins. On the whole the outlook
remains favorable. The business failures
number 277, as compared with go last
week and 267 the week previous. For the
corresponding week of last year the figures
yyere 2O6