St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-03

namely s26.7S4, against s14,907 in 1889.
The reports from other cities are almost
uniformly confident in tone and indi-
cate good volume and fair condition
for the season, but are liable to be
eUlored by the retrOspectS of generally
prosperous year. The South rejoices i'll
great crops and wonderful manufacture
ing growth, and for the moment notes
less financial pressure, good holiday
weather more favorable for distribution.
and money at Z to 8 per cent. Kansas
City notes strong demand for money
and receipts of l4,0OO cattle and $4,000
hogs, and st. Joseph reports large
increase in the years trade and
care in credits resulting well. At Mil
waukee and st. Paul, unreasonable
weather has affected trade for the week:
but very satisfactory reports are made
for the past year, and money is easier.
AtChicago, though money is close, con-
fidence rapidly revives, collections are
easy, and the past years trade exceeds
by 6 per cent that of 1889 in general
merchandise. dry goods and shoes.
somewhat more in clothing, 20 per cent
III furniture and SO per cent in some
other lines, while the increase in pro-
duets of factories is s25.000,000. At
Cleveland jobbers are surprised at the
fullness of collections, but TWEEN
Mahoning region are about to
close. At Cincinnati holiday trade
was satisfactory and money is
less close. Pittsburg reports a
decline of 25c in pig iron, weaker fin
ished products and reduction in the
price of coke to furnaces from S2.15 to
$195, though ShenangO furnaces are
also to close. The Eastern reports
show easier money markets, and more
hopeful feeling. At Philadelphia the
grocery season has been satisfactory,
with good collections. At Boston con-
ditions are deemed favorable; wool is
fairly active, with unsOld stocks in the
country reported at q, 000, 900 lbs,against
3O,000,0 900 lbs year ago, and better
prospect for WOODEN goods. Domestic
hides are firm, and leather and boots
and shoes more active. The iron III
dustry does not improve, as the closing
of many furnaces indicate. Copper and
tin open the new year lower. There
is a better tone in the anthracite
coal market. 1t is evident that pros
poets are thought brighter in the cotton
and wooden industries, for the record
shows that a number OF new mills are
being erected, and while the great ma
jority of domestic WOODEN goods are
selling at as low prices as year ago,
and some even shade lower, the vol
ume of sales improves, and the markets
for dress goods and WOrsteds have been
improved both in volume and to some
extent IN price. The cotton market has
advanced an eighth with sales of 1885,
600 bales, although both receipts and
exports for the week exceed those OF
year ago. Other speculative markets
have been comparatively dull, but
wheat has advanced half cent, and
oats 115c, with corn 16c lower, coffee
&c lower, oil &c higher and lard
20 cents per 100 pounds higher. The
clOSeness of money and the uncertainty
as to future have promoted a healthy
inactivity in most kinds OF speculation,
and the exports of wheat at the current
prices begin to approach those of cor
responding weeks last year. The stock
market has been dull rather than weak.
though prices closed much below those
of year ago, averaging for the 60 most
active stocks S55.49 per share, against
S64. 63 Jan. 2, 1890. The average rose to
S69.93l with the silver boom, May "a,
and fell to $53.61 on Nov. 10, the day
Baring's liquidation was announced.
The most significant fact in this bus
mess is that new issues of securities
listed during the year, after deducting
all of the replacement of older securi-
ties, have amounted TO $3.50. TIA, $40 bonds
and sls9,63O,75l stocks, exceeding by
S1340OO,oOO the net issues for the pre-
.vious year. The prospect for traffic is
affected unfavoIably by the shortness
of crops, which some roads begin to feel
seriously, but favorably because Of the
better understanding among managers
which promises more satisfactory rates.
The monetary situation has not changed
during the week, though the treasury
has put out 100000 more than it has
taken in. Exports at this port continue
to exceed those of year ago, swelling
the excess of exports over imports, and
the rate of foreign exchange has again
fallen to S4.S3, indicating that gold i'm
ports may not be distant. The business
failures occurring throughout the coun-
try during the past seven days number
34S, as compared with total of 1873 last
week. For the corresponding week of
last year the figures warn 1872.