St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-01
POLITICS CURTAL TRADE, !
| Slackening at Some Points Due to
ApDroaching Elections. sfa


NEW YORK. Oct. SIR. G. Dun 4 CoTs
weekly review of trade says: THE approach
OF elections has caused some slackening of
trade at many points. which is obviously
temporary. At a few cities. notably st.
Louis, there is observed reaction from the
great activity which prevailed just before
the new tariff went into effect, demand for
the time having been satisfied by dealingsin
anticipation of that measure. But at nearly
all cities trade continues remarkably large,
and the payments through all clearing
houses outside New York for the month of
October will probably be The largest ever re-
corded in any month, exceeding those71of
last october by about Is per cent,
and those OF last May, which were S2,u3Z,-
100000 and the largest ever known by
about 10 per cent. Foreign trade for tho
month will certainly prove much the largest
ever known, and the great Industries are all
unusually active. Boston notes increasing
capacity by the largest WOODEN mills. Manu-
facturers are paying advanced prices for
wool. Hides are lower, but leather very
firm. Philadelphia reports wool very firm
anu the trade healthy and promiSings q
greater trade than ever before in paper. sta
tionery, printing and leather products. At
Chicago receipts of grain fall below fast
years, and hides and wool u third, but cured
meats and dressed beef show increase: the
dry goods and clothing trade surpass last
year and the shoe trade as well, though late
iyless active. ST Louis finds trade perceptibiy
weaker. with retail trade fairly active but
in clothing. and manufacturers busy; Detroit,
good trade and active manufacturing; Mil
waukee, steady. trade improving with cooler
weather; st. Paul, very good trade and Min.
neapolis flour output of 175, 00J hbls, with
wheat receipts 2.U0J, 900 bu; Kansas City,
satisfactory trade, and Denver fair at the
South business is thriving. New Orleans re-
ports large receipts Of sugar and rice and
good prices. though baing OF cotton is
hndered by weather, but at Galveston trade
improves with better weather and orders are
free. 1t may be said, moreover, that reports
as TO collections throughout the country aIe
more satisfactory. There is scarcely men,
ton OF complaint or hardness. The money
markets are about as last reported, though
tirmer with sharp demand at Boston; firm
but easier at Philadelphia; still tight at Chi
cago,and scarce at z to per cent at st. Louis;
somewhat stringent, with large demand, at
Cleveland and Detroit; strong at per cent
at Milwaukee; tight at Savannah, and with
good demand at Denver, but easy at Kansas
City, and easier in spite of the demand at
New Orleans. The rates at New York have
varied widely. The demand for the interior
does not cease. The great industries are
doing more on the whole than al any time
In the past. While iron production is
at the maximum, and the market at Phila-
delphia is very mixed" iron seems stronger
and steel weaker; best foundry iron is UNI
changed here. at Philadelphia and at Pitts
burg, but Bessemer iron is weak, and at Pitts
burg lower, with steel rails soc lower Disa-
greements in the association are reported, and
the market here is demoralized, with sales
reported at S2Y at the mill. In bar and plate
iron large orders are less frequent hui the
mills are busy and small orders are active.
Copper is sold by outside holders at liz. SIC;
tin is steady at 21.5Gc, and lead strong at
5.9Oc. The october trade in coal was below
expectations, but an advance of Zoe in price
has been ordered, and the out
put for November fixed at 1885,
coo tons. Cotton is quarter
lower, with goods unchanged aud In active
demand. and takiugs by Northern spln4ers
ness is heavy, and prices of pork products
steady, with hogs 90 cents Der 100 lbs
lower. Speculation has not been remark
ably active in breadstuffs, though wheatis
half cent higher on sales OF 22.0UOQI0
buahels, and corn has risen "a cents on
quarters stronger also. OIL mas declined
abont 3l2 cents on small trading. Sugar,
both raw and refined, is shade lower. But
the general average OF prices, because OF the
advance in breadstuffs, patatoes, and
dairy products is fraction higher
higher than year ago. This accounts in
part Tor the enormous volume of exchanges
throughout the country. but there remains
an apparent increase of over per cent in
the volume of business exclusive of the diff
ference in prices. The exports from this
port for four weeks have been Si0,0u0, 300
larger IN value than last year when October
exports for the whole country were nearly
5000. 900, which indicates for the month
much the largest moVementon record. 3nl-
ports here also show an increase over last
year of SIS, 0O0, 900. so that the aggregate
Tor the month may reach $50, 0O0,Oo The
business failures during the last seven days
number 21S, as compared with 225 last week.
For the corresponding week of last year the
figures were 261.