St. Paul daily globe., 1892-11-05
San Francisco Mining Sl,Dt
DUN'S REVIEW.
Trade Continues Active in Spite
Of the Political Excitement.

New YORK, Nov. 4.-R. G. Dun's weekly
review of trade:
Even i'll the last week before a presidential
election business has continued very active;
indeed, the volume is far beyond any prece-
dent for a similar period. The coming cleo
ton has plainly diminished business III two
ways: MultitudeS have been diverted from
trade TO political activity, and many more
have chosen to postpone transactions until
the political uncertainty has been re-
moved. The fact that even under
such circumstances tra1e has been of
enormous volume, shows how powerful
is the impetus toward activity and eXpan
sion. The people are clearly buying more
goods than ever before. and in some branches
manufacturers are realizing slight adv9nce
III prices Money is closer at some Western
points. but nowhere is sLringency seen, and
there is no apprehension as TO the immediate
future. Wheat has touched the lowest point
ever known in this market-73l2c-recei
at Western points being still numerous,
though this week averaging little less than
1,5O0 600 bu daily. Exports have much in
creased, and a recovery in price to 14l2c has
resulted, but the decline for the week is still
lAc. Corn has fallen 1c with moderate
movement, but oats are lc higher.
Trade at Chicago has been satisfactory,
with especial increase in real estate tran
sactions. Receipts of corn have been double
~ Der cent for the week, butter 80 barley 40
and dressed beef % per cent. while in rye,
oats, sheep and hogs q decrease of 10 ap-
pears in lard 81 per cent and in wool Is per
cent. Two clothing failures are due to over
trading. and money is in strong demand at q
per cent little returning from West centers.
At Milwaukee many of the largest houses
were burnedsout, but none appear to be Grip
pied 50 far and collections are still fair. At
st. Paul business is active, though collections
are retarded oy good weather for plowing,
and at Minneapolis lumber is strong and
wheat moving more freely.
The business failures occurring throughout
the country during the past seven days num-
Der 23s, as compared with 1s7 last week.
Bradstreets weekly Wall street review:
speculation seems to be waiting for polit-
ical excitement 10 subside. The approaching
presidential election has this week not only
absorbed the attention OF the street, but for
the moment reduces participation TO the low
est ebb, reducing the movement of prices to
the narrOWest limits and depriving the
changes actually exhibited of any special
significance. The trading for the week has
in fact been strictly confined to small body
of professional operators, who have found in
the lack of assistance either from the outside
public or foreign interests little encourage
ment for their endeavors to maintain a
semblance OF activity.
$50 far as the market has exhibited any
tendencies, the most noticeable of them
originated in disposition TO reduce holdings
and to put out small lines of shorts OH The
theory that the dullnesS which seemed in
evitable till after the election would result in
slightly lower range of prices. These
manifestations occupied the market till
Thursday when covering OF the aforesaid
short sales, induced by the failure of the
Bank of England to advance its discount
rate, resulted in recoverIes, unattended, how
ever, by any real activity. lt was notice
able that manipulation of the industrial
shares suspended, the interest having them
in charge evidently finding it an Improbable
waste of commissions to keep them in mo-
ton. This. of course, deprived the market
of considerable interest and the demonstra-
tons which occurred In a few specialtes
have not been of sufficient i'm portance either
to influence the general list or 10 afford any
indication OF its ultimate tendencies"