St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-20
STEADILY BR|GATElS.
Cradstreet's Reports the Bus
mess Situation CGntlnu-
ing to Improve.
LINK CLEARINGS INCREASE.
Iut This Is Partially Offset
by Declines In Some Of
the Staples.
LINK CLEARINGs INCREASE.
WEEKS EXPORTS OF WHEAT
Average Up Well With Those
of Former YearS--StOckS
Steady.

NEw YORK. Oct. 10. - Bradstreets
will tomorrow say: With but few eX-
ceptions the leading features OF the
bueiness situation this week havesbeen
those of continued moderate improves
ment, although the total volume of
business so far as indicated by bank
clearlngS throughout the country vii!
require considerable expansion to COM
pare fayorably with corresponding
totals two wears ago. This relatively
favorable bank clearing report is off
set in part bv the decline III staples,
coffee alone scoring slight advance.
AT Louisville tobacco is easier under
promise of large crop, and hides are
lower in price at some of the more im-
portant markets, while leather is quoted
lower at Western cities. Competition
OF Northern lumber manufacturers
has forced down prices at Chi
cago, aud all except best grades of
live cattle ut Omaha and Kansas City
have sold for less than a week ago,
while wheat and Indian corn have also
shown declines. The production of
iron and OF BtSSemer steel continues as
heavy as heretofore, aud quotations
have been further shaved. Lard is
lower IN price, and the prospect for
cessation of textile labor difficulties at
the East has weakened the print cloth
market. AS serious as any other de-
crease is that IN cotton. the feature of
trade South this week being check to
purchases by interior merchants for
spring delivery and slow mer camille
collections, due to lower prices for
cotton.
Exports of wheat flour included as
wheau. both coasts OF the United States
and Canada, this week amount to 5. 1922
Geo bushels against 3.3i7,030 bushels
last week. 2, 709. 600 bushels in the third
week OF October a year ago, 5000, 900
bushels two years ago, and $500, GOO
bushels in the week three years ago.
The strength OF foreign exchange and
gold engagements for the week aggre-
eating Sl,000.000 have distui bed the
speculative market and checked activ-
lily. Current decreases i'll railroad
earnings are ascribed to the effect
OF the heavy worlds fair pas
senger tratfc year ago. A small
reduction in the Baltimore IL OHIO
dividend is not considered indicative of
trunk line traffic conditions at this time.
Bonds ale strong, and any demand for
prime securities causes an advance.
The foreign exchange market is narrow
both as to supply and demand. Sight
sterling is S4.S119. Nearly all the most
important business ceuterS West and
Northwest report moderate activity,
but few of them announce any new
features. Chicago auvices are received
nj nd h
chaseS III person, with relatively heavier
demand for underwear, clothing and
cinaks. and smaller volume of money
going to the country. st. Louis mer-
chants report increased confidence of
JOOberS dealing there and expectation
of largely Increased stocks of spriEg
goods throughout the territory tribu-
tary. Kansas City and Des MONIES both
report that warm and Unreasonable
weather has served to restrict the vol
ume of business within few days. but
at and near Omaha the weather has
favored general trade. Conditions pre-
valilpg at Cleveland, Cincinnati, LOUIS
vile. Detroit, Milwaukee and st. Paul
in preceding weeks are practically
without change. At San Francisco and
Portland. Or, the volume of business is
fairly satisfactory, and the demand for
grain vessels is more active, with an
advance III rates to the United Kingdom.
AT Tour Southern cities general trade
is reported to have shown some i'm
provement - Memphis, jacksonville.
New Orleans, but at Savannah, Augusta.
Atlanta and Nashville increased cotton
receipts and lower prices have had an
unrayorable influence. At Charleston.
Chattanooga and Birmingham buSi-
ness has been quiet
At Toronto general trade has been
less active, but collections have inn
proved somewhat. Montreal reports
that collections are fairly good, with
prices stronger, but the volume or bust
hess is not equal to one year ago.