St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-23
BIG REVIVAL IN TRADE.
WESTERN OBLIGATIONS MATURING
68iNGS MONEY TO NEW YORK.
FOREIGN TRADE is GROWING.


ures Largely Deereasing-Mon
etary Conditions Rapidly I'm
proving Commercial Loans
No Longer Unknown.
NEW YORK, Sept. Or G. Dun u
Co.. ) weekly review of trade says:
There is 10 longer only a microscopic
OF sentimental Improvement that can
not be measured. Some increase is
seen both in production and in distribu-
ton OF products. True, it IS small as
vet, but after the worst financial biz
Zard for twenty years it is not to be ex-
pected that all roads can be cleared in a
DAY. Money has become abundant and
easy at per cent here on call, and stag
nant speculation fortunately favors
greater freedom IN commercial loans
Stocks and products are dull, without
serious fall in prices. The lndustrlals
are rapidly raliying to make good the
scarcity Of supplies caused by the weeks
of inaction. Monetary conditions favor
revival OF trade and industry. While
renewals are as large as ever, CONNER
clal loans are no longer unknown. Ma
turity of large Western obligations mas
brought hither unusual sums of money
from that section, but the banks. while
retiring part of the circulation recently
taken out and
SOME CERTIFICATES,
nave not retired large proportion.
keeping a weather eye on the body of
commercial Indebtedness to mature in
October and November. Foreign trade
grows more favorable. The receipts of
wheat fall far behind last years, being
5,655,904 bushels for this week, against
S,oS1, 495 for the week lost year. and in
three weeks IA, 10, 1913 bushels, against
23,627,717 last year. The Atlantic eX-
ports this week have also sharply de-
creased, though Pacific exports are
heavy. The price declined IL cents
here with insignificant transactions.
Corn receipts were 4.759.4 63 bushels,
against 1888, 1S3 for the same week last
year; exports are but $4,000 bushels,
and prices yielded one cent. not many
placing confidence in official or 9th, 7
estimates of yield below 100000
bushels.
Cotton has fuctuated much and is a
shade stronger, though nothing appears
to warrant an estimate which would re-
duce the worlds supply of American,
including the quantity carried over
within 100000 bales of the largest con-
sumption ever known. The volume of
domestic trade is still much below that
of last year. In clearingS outside of
New York the decline is 26.7 per cent,
against % per cent at all cities of last
week. The receipts of cattle at Chicago
for sixteen days of September were
2f.1 per cent smaller than last Yearaud
WESTERN RECEIPTS
Of wheat were 40 per cent smaller for
those weeks. The number of works re-
Stunning this week has been at least 5S
wholly and "a in part, against only Is
concerns mentioned as having closed
aud s reducing force. The gain has
been greatest in cotton, where some
goods touch the lowest prices ever
known. But it has been fair in wooden
manufacture this week, many concerns
having orders not only for dress goods
and SpeclaitieS, but some for mems
goods. though it is not expected that the
seasons business will be half as large
as usual. In worsted, remarkable re
ductiunS in price are noted. The sales
OF wool have been 4,2l6,325 pounds.
against s, los, 100 last year. The industry
which shows least actual gain is the
Manufacture of iron and steel, were
the only changes in price are down
ward.and, IN spite of the great decrease
in production. the consumption seems
to increase, as Is seen in the demand for
number only $40 in tue United States,
against lsS last year, and in Canada Al,
against rs last year. Only five failures
ware Tpr nVpr SlOn mn LAaat