St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-26
COLLECTIONS SATISFACTORY
R. 6. Dun & Co.'s Weekly Trade
Review.

NEW YORK. Oct 25.-R. G. Dun q CO.
weekly review Of trade says: THE money
market has become easier. with prospect
that serious disturbance this season is no
longer to be apprehended. The banks are
running with narrow reserves. and artificial
stringency may at any time be engineered.
but the movement of crops has been heavy.
In the natural course OF events the return of
money to this center should soon begin. and
the possibility of foreign decline seems
more remote. The Bank of England gained
last week 81, go 600 and the Bank of France
$3.50; 600 gold. Securities do not appear
while merchandise exports for three
weeks show a gain Of Il per cent over last
year, against a gain of 10 per cent in imports.
The rate of foreign exchange has accord
more strineency at Omaha, less at Cleveland
and a active demand with conservative
tone at Chicago, but otherwise the markets
west and south all report supplies adequate
for legitimate needs. Collections are un-
usually satisfactory at almost all points.
though Milwaukee notes some hardness, be-
cause farmers hold back products for better
prices. The volume of trade, fair for the
season at all points, is greater than year
ago almost, though The aggregate OF bank
eeeds last years by 2 per cent. Chi
cage finds a larger increase, particularly
in dry goods, while sales of clothing and
shoes are fair, Notwithstanding mild anddry
year, and of grain about as large. The wool
trade has been the largest here for long
time. and more active at Boston. where
sales were 8. lO0OO0 lbs, but duh at Phila-
delpha. Plainly, some manufacturers are
taking hold with more confidence, the mar
kei having been nearly cleared of some
grades of foreign stock imported under old
rulings, and imports Of wOrsteds have late
decrease. Iron grows stronger, The Thomas
company having advanced it's price 81; a
demand from Canada is felt foreign prices
being higher Bar iron is firm, blooms and
billets feverish, and rails are $3.50
@32, the orders already booked for
1890 amounting to 100000 tons or more.
Copper is steady Tin shade lower here at
2O7sc, and lead depressed to 1878 by ex-
pectstion of large Mexican supplies. The
coal trade is dull, and the weeks meetings
have accomplished nothing beyond fixing
upon 80 O,uOO tons az the output for No
vember: sales are generally below The sched-
ule, stove at $500. Liquidation in wheat
continues. with prices &c lower than week
ago, and sales Of o., 100000 Blu mere. Stub
born facts, heavy receipts and seanty ex-
ports. wear out the patience OF those who
have had faith in q worlds fair, and state
of final reports dictate larger yield
than those Of the department.. Corn
OGO bu. and the export movement
will exceed last year. Pork products are
weak, and in hogs the decline has been 6Co
per 100. Oil has risen Sc, coffee is M
changed. ana sugar is again lower Cot )l
continues downward, receipts exceeding
those of the same week last year by 10000
bales. and exports by $4,000 bales, and
while there has been touch of snow i'll Fir-
ginia, The dreaded frost in cotton states is
still deferred.
The market for securities has been weak,
In spite of relief in the money market ana
some very favorable reports regarding par
ticular properties The traffic arrange
ment between Union Pacific aud Chi
eago & Northwestern is thought to
foreshadow an abandonment of the
socaieu Presidents association, and an
tempt to secure more effective consolidation.
Earnings are 10I2 per cent larger than last
year. for February thus far. but the Pennsyl-
vania statement for September shows very
seanty increase and means disappointment
On the whole, the speculative markets are
not promising, and are judiciously let alone
by the public. But the outlook for all de-
pariments Of legitimate business is more en-
cOuraging than IL has been for long time.
The business failures for the past seven
days humber for the United States 1873. and
for Canada 81. For the corresponding week
last year the figures were 222 failures in the
United states and 81 in the Dominion OF
Canada.