St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-16
DUN's REVIEW.
Largest Exports Ever Known Are
Recorded.

NEW YORK, Jan. 15.-R G. Dun & Co. s
Weekly Review OF Trade says 1t was sug
gested two weeks ago that the exports in
December were likely to be extraordinarily
large. The preliminary reports just issued
indicate that the exports Ill that month were
probably the largest ever known, Tor while
no Increase appears in cotton and the ex-
ports of provisions. cattle and oil were
slightly less than year ago, gain of SO
100000 appears in breadstuffs, making the
net increase in principal items ST, $40, S54 or
nearly % per cent indicating that the aggre-
gate exports for the month will probably eX-
coed Sll600O, 00O against about SIS, 000, 0OO last
year when the amount was greater than it
had ever been in any month.
The exports of flour increased 50 per cent,
and exports OF wheat are l5.GO0.0O0 bu, against
4,SOO.G00 bu last year. while exports Of cotton
are 4S,000.0OU bales greater in quantity,
though no increase appears in value. owing
TO low prices. These enormous exports over
shadow all other features in the commercial
situation. They insure large supplies of
money. if ever needed. but at present the
markets are everywhere we'll supplied, ex-
cept at Southern points, and better supplied
there than week ago. Treasury dlsburse-
ments have been large, and there is no rea-
son to look for lack in the supply of money.
Another fact of large importance is that
the iron output was not diminished in De-
cember, as is usual owing to the stoppage OF
furnaces during the holidays. but was lSS.OS2
tons weekly. against 1875, 135 tons Dec /. The
market is fairly active, though the enormous
output gives buyers an advantage, and in
Alabama and Virginia iron is offered at
lover prices. Copper is fiat, and in tin there
is little change; but lead is weak at 81 20, and
the market for coal very dull on account Of
the very heavy output.
The wool production last year is estimated
considerably than that of the year before,
but the stocks on hand are somewhat larger,
indicating that the consumption in 1891 has
been about the same as in 1899. The market
shows no important change, and Just at this
season there is none to be expected. Bad
weather checks business at Boston. AT hart
ford wool is less active. At Philadelphia no
change appears in the important branches OF
trade.
At Baltimore exports Of breadstuffs for the
last six months of 1891 were III value Sl55.-
$50, 1913. gain of more than $1O0. 0O0.000 over
the previous year.
At Chicago sales of dry goods, clothing
and shoes are larger than year ago. some
increase IS seen in barley, % per cent in cat
tie, third in -four, corn, oats and hides,
while receipts OF wheat and dressed beef are
double last years, but decrease appears In
cured meats, lard and cheese, and the wool
receipts are only half of last years.
Trade at ST. Louis is helped by colder
weather. and also at Milwaukee and st. Paul;
at Minneapolis the flour output is 17S,090
bbls for the week, against 10000 year ago,
and at Duluth sales in 1891 amounted to S20,
100000
At Nashville trade is quiet and money
easier. and at Montgomery and Little Rock
trade is dull. while at New Orleans cotton
shows some improvement and sugar IS
saeady, with money in more active demand.
Depression of business at the South on ac
count OF the low price of cotton. still con-
tinues.
Breadstuffs have been much weaker since
the publication Of the government reports
and wheat has fallen 1850, and oats S4c. EX-
ports and receipts continue large, though the
colder and less favorable weather TO some ex-
tent restricts this movement. Coffee is I'M
changed, and oil has advanced &c. Cotton
fell to S7.37 during the week, the lowest
price for forty-three years, but has since re-
covered to $3.50. though receipts and stocks
are remarkably large. The depression at the
South is not relieved in any way except by
free sale of cotton.
The business failures occurring throughout
the country during the past seven days num-
Der $50, as compared with 435 last week eight
days.. For the corresponding week Of last
year the figures were All.