Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-11-26
TRADE is YET GOOD
The Phenomenal Buoyancy OF
the Market Continues.
ALL LINES SHOW FAIR ACTIVITY
The Gold Market Is Affected by Cotton
and Wheat Produeuons-Busness
Failures for the Week.

NV YORK, Nov. 25.-R. @. Dun &
Co.'S weekly review of trade sAss: The
announcement that gold would be ex-
ported, though not IN large amounts,
had not necessarily IS much meaning
AZ many suppose Foreign exchange
does not yet justify exports, and move
ments not warranted by the state OF
exchange NAV DO due TO temporary
aud trlhing influences. But net ex-
ports IN November have been known
bat once IN thirteen years and are ike
ly to affect speculative markets. The
underlying cause - the excessive pro-
duction of cotton aud wheat last year,
which overfilled the worlds markets
and thus caused low prices here this
year and ANAL shipments OF cotton.
Apprehension about American finances
also Affected European purchases OF
stocks, but monetary needs abroad, re-
sulting IN part from Russian demands,
seem TO be the immediate cause OF the
call upon this market. A large outgo
OF gold at this season might be impor-
tan., but there appears at present no
reason TO anticipate large export.
The condition Of business throughout
the country appears excellent with the
volume of trade greater than IN any
previous year.
At Beston and Philadelphia.
At Boston trade 10 good, prospects
easy ~ lower rates.
phtfa a. vhta tvaAo IN, UnnaYal IN
fairly active, especially IN hardware
and in electrical supplies and plants;
money 10 easier.
At Baltimore Q slight increase is seen
in the local demand for goods; the
supply of money is ample.
At CINCINNATI cigar manufacturing
does we'll exceeding last years trade 10
per cent.
Trade is good ut Cleveland, though
not changed in iron; money Is close.
At Detroit trade Is equal To that of
last year; money is In strong demand,
but IRON Is lower.
Satisfactory 1T Chicago.
The volume of trade 10 satisfactory
at Chicago, and collections are good,
with money in strong demand currency
being wanted for the west. Receipts
of sheep and broom corn are more
than double last years; of butter. 80
per cent larger, with slight increase In
flour, barley, cattle and sheep, while
in hides aud oats the increase is 10 per
cent; in corn, dressed beef and wool,
20 per cent; IN eggs, lard and rye, 90
per cent, and in wheel aud seeda, 90
per cent Trade at Milwaukee is stim-
ulated in all lines with gratifying re-
suits, aud money IN good demand.
Al Minneapolis and ST. Paul there Is
q good trade, with collections improv-
ing, though somewhat backward. The
Minneapolis flour output Is $4,000
barrels; the lumber cut being 500, 000,-
0O0 feet the largest on rec I'd.
Trade in Omaha 10 very active.
At Denver trade is good. At Salt
Lake better than year ago, with good
pr spects-
At Ksnsas City live stock receipts are
heavy. but grain receipts light, and At
st. Louis retail trade is improved by
more favorable weather.
Business at Memphis has slightly i'm
proved, and also at Little Rock, while
trade is improving at New Orleans, with
money much easier and cotton aud
sugar very active.
Cotton Is Ring.
In speculative markets cotton has alb.
sorbed interest, because OF enormous
transactions, amounting to 100000
bales, o. nearly the entire crop, IN two
broken and one tuli week. The sales
this week have been ! 100000 bales,
and the price has advanced 5-16 of
cent, with email signs of the reaction.
Low crop estimates now prevail At the
south on the ground that frost has
done much damage. Wheat is COM
paratively inactive, with ! of q cent
decline, and corn and oats are I'M
changed with small transactions. Pork
products are higher. Coffee is also
stronger by ! cent. The condition of
the great industries Is decidedly favor
/ able. Perhaps the boot and shoe man
ufacturers fares the best of all at the
moment. 1t has been . phenomenal
autumn in WOODEN and light goods.
Wooden mills are still buoy and the
/ sales of wool are greater than a year
/ ago. The cotton industry is thriving
everywhere.
The Weeks Failures
In iron the market remains firm.
Money has been steady at per cent,
the treasury having added slightly to
| circulation by issuing $500. 900 more
notes. Exports here for three weeks
fell II per cent below last years and
imports are much larger. Stocks have
been weaker, but tnere Is no Sign Of
special disturbance.
The business failures occurring
throughout the country during the past
seven days number for the United
states $50 and for Canada % or . total
| of 209 SIS compared with totals of 30
| last week, 30 the week previous to the
last.
For the corresponding week OF last
year the figures we're go, representing
237 failures in the United States and IS
| in the Donalnlon of Canada.