St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-15
THIS is REAssURING.
Legltim ate Business Not AZ
y fected by NlanipuiatiOns of

! NEW YORK, Nov. 14.-R. G. Dun & Co. IS
weekly review of trade says: Those who
have long expected severe reaction in the
stock market have now seen the average OF
prices thrown back TO q lower point than has
been touched ut any other time for more than
four years IL remains the fact that the legit-
innate business throughout the country is The
largest ever known, not much inflated or en-
dangered by speculation, and so far sound
that complaints in regard to collections have
been much fewer than usual. The check
now sustained may not imprObably produce
some shrinkage in transactions and diminu-
ton of profits. but the industrial and
commercial conditions have been so
favorable that speculative disturbances are
the less likely to affect general business Sc
riously. Reports from other cities show that
at most points the events in Wall street have
had little or no effect as yet. AT Boston
transactions have been somewhat limited
and money is firm at high rates. Wool sales
are smaller, but more activity is expected
with the opening of the heavy goods season
in December. Leather is quiet and easier,
and hides dull and lower. but because bark
and other materials are strong. il is thought
neither can recede much. Boot and shoe
manufacturers are getting the recent advance
i'll prices, with shipments exceeding last
years. and lumber is quiet. At Philadelphia
money is Highland little commercial paper Of
fered or selling; wool manufacturers are bny
ing more literally, with slight advance i'll
some grades: leather is strong ana the shoe
trade larger than last year, though less brisk
than of late. AT Chicago money is active at
per cent. but country banks are sending in
funds for Investment, and Eastern disturb
ances are little felt; grain receipts and cured
meats equal last years; a slight loss is seen
in dressed beef, butter and cheese, and Il
heavy loss in hides, but liberal gain in
wool and lard, while trade in dry goods,
clothing and shoes is much larger. with
satisfactory collections. No other Western
point shows disturbance in trade though
money is generally close. At st.
l louis v the rate is to per cent and
Cincinnati money is tight but collections
very fair. The clothing season exceeds
expectations, and the grocery trade is
very good. AT Detroit money is close at z,
collections very fair, and manufacturing
active. Michigan wheat area showing 4 per
cent Increase; at Cleveland money is tight.
collections satisfactory ana trade good, eX-
cept for clothing; at Milwaukee money Is
close at z, collections satisfactory, and East
ern lroubIes do not check trade; ut Omaha
st. Paul. Denver and Kansas City, money is
i'll strong demand, collections healthy and
business good. Southern elites make much
the same report; Baltimore reports all bust
ness healthy, mills running full, and trade
brisk, with satisfactory collections; New
Orleans finds money active, cotton rec
ceipts below last year. but sugar and rice
liberal, with good demand for all: Atlanta
reports easy money and good trade; and Sa-
vannah reports money tight, but trade active
AT Jacksonville earlier Northern travel than
usual causes activity. These accounts show
remarkably encouraging condition of bust
ness, but more than the usual scarcity of
money i'll spite of good collections. The iron
output Nov. l was 1888 tons weekly,
against 1892 Oct. l, and considerable de-
crease in production is expected if prices
yield. The demand for manufactured prod
ucts is now distinctly smaller, and in railway
supplies decrease is foreshadowed by finan-
eial troubles: The coal trade is dull.
prices and the high price of coke
causes complaint. Tin is sSc lower, copper
steady. and lead weak, because of consider
able importations. India rubber is lower.
The boot and shoe trade is somewhat checked
by the prospect of reaction in leather but
prices range higher than last year. In dry
goods there is observed some hesitancy by
buyers, but mills are well sold up; woolens
realize slightly better prices in some eases,
and dress goods are firm. Breadstuffs are
lower: exports in October showing heavy
decrease. Wheat falls &c for the week. corn
2Iac, and oats nearly &c. Pork products are
steady; coffee and cotton unchanged. and
ton in products is less active than
usual. The treasury has put out $780,
600 more silver notes, but taken in 81, 40t,
600 more of other money. it's offer to buy
bonds being ineffective. While exports of
products we're enormous in October, they
have fallen Il per cent below last years for
November thus far ut New York, but larger
! ex less over imports fails to affect the money
market since the movement of securities
this way is large. 1t is not to be forgotten
that the demand for money is largely due to
the unprecedented volumes of business thus
far. The business failures occurring through
out the country during the past seven days
number 26ij. as comp pared with total of
2l5 last week. For the corresponding week
OF last year the figures were 265.