St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-21
BRIGHT FOR BUSINESS
Dun Reports Confidence Yet
Unshaken and Vol ume OF
Trade Large.
No Disturbance Looked For in
the Money Market at
Present.
Bearish Pressure Resisted in
Speculation and Good Re-
ports Favored.
How Railroad Stocks Stand
On the Board--Clearances
Of the Banks.

New YORK, Nov. OR. G. Dun &
Cos weekly trade review will say:
Much happened of late TO de press and
shake confidence, and yet confidence is
not shaken. and the volu me of business
is still close to the greatest ever at
tanned. Prices are settling downward
with enormous production, but the fact
that such production continues shows
that the low prices are not ruinous.
Alarm about the money market has
passed. and no disturbance is apSre-
hended this year. Industries are, on
the whole, we'll employed, and it is
especially noteworthy this week that
there is better tone in branches of
trade which have been most embar-
raised.
At Boston Improvement is seen in
many lines, and more active demand,
AT Philadelphia a better spirit is seen
Oh dry goods and clothing, and the other
important trades are more active. At
Pittsburg the corn market is more act
i've: glass works are in operation and
| miners have resumed. At Cleveland
trade in leading branches is good, and
manufactured iron in active demand.
At Cincinnati general business is active
| and heavy. The lumber failures cause
some uneasineSS in that line. Chicago
| reports merchandise sales much in
creased, the cold weather having helped
| many branches, and while receipts of
corn. cured meats, lard, butter and
| cheese and cattle show some decrease,
| gain appears in -four and wheat; % per
| cent in oats, 80 per cent in hides, 10 per
cent in dressed beef and fourfold in rye.
AT Milwaukee. st. Paul. Kansas City
| and st. Louis trade has distinctly i'm
proved with colder weather, and is fairly
brisk at Omaha and strong in all lines
| at st. LOUIS; but The car famine there
| grows worse. with grain blockade
| northward, and cotton and coal block
| ade south. At Nashville trade is fair
and money clOSo. AT Memphis business
is rather sluggish. but at New Orleans
good in groceries and provisions with
better prospects. receipts OF cotton being
heavy, of sugar fair. and trade in rice
steady. AT Savannah and Charleston
trade is somewhat depressed apparently
by the very low price of cotton, and
money is rather tight. At Jacksonville
business is very brisk, but at Richmond
dry weather prevents marketing of to-
bacco, and low prices and short crops
of cotton; but manufactures are active.
A distinctly better tone in wooden
goods is due to the appearance of a spot
demand, clOthlerS having worked off
old stock to a great extent The de-
mand for OrercOatings and heavy goods
is stimulated by the cold weather.
Wool sales continue of good volume,
though Western fleece is weaker. No
important change appears in the boot
and shoe manufacture, but better orders
and Increased employment of works
are noted. The most stubborn iron
market ever known gives surprise to
many, for in spite of unprecedented
production, the prospect of some accu-
mutation of stock doesn't disturb strong
makers, who reckon that it may be we'll
for the country to lay in and hold much
larger stocks than heretofore, so that
sudden and violent fluctuations may
not be so readily produced. Large sales
Of rails at the West are reported, but
markets for ores and finished products
are not materially altered.
Receipts of wheat at Western centers
continue at the rate of more than a
million bushels daily, and exports are
also large, but the price has declined
2}sc on sales of 2S, 100000 bushels. The
speculation in corn is yielding, the price
being Sc lower for spot, while pork
products are substantially unchanged
and oats re higher. Oil has declined
cent, but sugar is shade stronger, and
coffee has risen 55c on account of Bra
lillian troubles. which rOnder commerce
with that country very uncertain. The
money markets are well supplied for
Legitimate needs, but some parts report
speculative money tight"
Exports OF merchandise from New
York in three weeks of November have
been S25, 25l,7l9 in value, an increase of
SO per cent, while the imports for No
vember thus far are about Is per cent
smaller than year ago, which points to
an enormous balance to be settled by
other countries in specie. One danger
is that great quantity of wheat is now
carried abroad, as well as in this coun-
try, on margins and loans, and there is
possibility that sharp decline mig hit
cause some trouble.
Business failures throughout tn
country the last seven days number 2S5
as compared with a total of 291 last
week. For the corresponding week of
last Year the figures were 274.