St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-29

disbursing heavily. Few commercial
loans have been negotiated. and at high
rates. In other cities the money mar
kets have been quite close.
Chicago has drawn heavily Oh New
York, but i'll that and other cities bank
statements Indicate creditabe sound.
ness.
Grain rose briskly on Monday, but all
speculative markets yielded a little
when tlgnt money came and tho
slaughter of stocks. Wheat close
about 1c lower, though Western re
ceipts were moderate; corn is fraction
lower. and some hog products Cotton
has declined an eighth, though receipts
are little larger and exports smaller
than last year, but holders show great
stubboInness in view of the large stocks
in, sight and the closing of many mills
In other products no special change is
reported, though prices tend lower
Many WOODEN factories are closing for
| month or more or indefinitely, because
orders are slack, for while jobbers'
orders are about as usual. clothierS still
hold Off. Fall trade is said to be not
more than third of the usual, and
many dealers expect to do no more than
half the usual spring business. Sales
of wool at the chief markets last we eli
WIZ - iVffOOO iOo az diHSl I.Of'). (UU ldSt
year. and for three and a half months
1886 G7 lbs against 69,93O. $50 lbs last
year. Orders for boots and shoes are
restricted. Shipments from the East
are IL per cent less than for the same
week last year. The iron business
grows less active. Bar is weak and
has been sold at S1.55. Plates are in
narrow demand and structural iron is
irregular, with beams down to $l.S0.
OF steel bars 2S,00O were sold to agri-
cultural implement makers at Chicago.
Philadelphia reports better feeling,
though very little commercial paper is
sold at Z per cent, and the banks are
boarding money, though caring Tor de-
posltors. No gain is seen at Pittsburg,
where the demand for iron is small
and tho majority of the mills are closed.
though two have resumed; but th6
wage scale for iron and glass is not set
tied. AT Cleveland trade is dull, and
at Cincinnati orders are not improving.
Chicago reports smaller receipts of
most products, decrease of 70 per cent
III clearlngS, "a per cent IN real estate
sales and 20 per cent in eaSt-bOund ship
ments. JoDbing trade fair, and retail
very satisfactory. Wheat is at the low
est price ever known and local Securi-
ties are pressed for sale. At MilWau-
kee business is contracting. Jo15arS at
st. Paul are conservative, but av-
erage crops are expected Omaha
reports quiet trade, ant Sioux City
good crop prospects. Jobbing trade
Is quiet at Kansas City; cattle receipts
moderate at lower prices, and hog
receipts liberal. Denver has quiet
trade and slow collections. st. Louis
reports fair trade for the season New
Orleans reports trade exceedingly dull
and money very tight, but banks sound
and crop prospects excellent. Mobile
reports fair crop prospects.
Failures during the past week num-
Der $50 in the United States against III
last year, and % in Canada against %
last year. 1t is noteworthy that only
three failures were of capital above
100000 each, and only nlnety-nine OF
capital over $1,000 each. Over fifty
banks stopped during the week, but
nearly all we're in the West.