St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-09
DELAY and UNCERTAINTY.
FACTORS FIAT cHARAcTE8fZ: THE
BUSINESS SiTUA7l0A
TRADE OF ALL KINDS WAITING.
Decided Disposition to Wait Until
Congress Has Acted on the
TariR-Failures for the Week.
Number 3S6-SaIes In StabIe,
Commercial and Manufactnr-
ing Lines Disappointing.

New YORK. Dec. S.-R. G. Dun s.
Company's weekly review of trade.
will say tomorrow: There is no visible
improvement, and ON the whole the ill.,
dications are little less satisfactory
than they were a week ago. The VOL
uIne of business measured by clearing
house returns outside New York shows
decrease of only II per cent compared
with last year, which is encouraging.
but as the statement Covers the pay
mentS for the first of the month, it may
not correctly measure the volume of new
transactions. The reports from other
cities show hesltating trade almost
everywhere, with a decided disposition
to walt until congress has acted OH the
tariff question. Hence the delay and
uncertainty are likely to last for some
weeks.
Wheat has risen shade. The West
ern receipts were only 3.577, 231 bushels
against 6.694, $50 for the same week last
year; while the exports from Atlantic
ports were only 427, 4S4 bushels against
l,S2l, 400 for the Same week last year.
The receipts of corn were unusually
large, amounting to 3,227,771 bushels
against 2, 766. 760 for the same week last
year, and the exports were 6S9,066
against 627,500 last year. The move
ment of cotton was not encouraging to
holders, and appearance indicate a
larger supply on plantations than had
been expected. The price declined &c,
with strong evidence that the continu-
ing heavy receipts are wearying to
holders.
The cotton manufacture does better
than any other branches at present,
and yet 1t has not very healthy ap-
pearance. The demand Is not strong,
and
PRICES OF GOODS
are barely maintained. In wooden
goods the sense of disappointment is
very clear, and there seems no reason to
expect any decided recovery until con-
gress has acted on the tariff Ques ton.
Several works have stopped produc-
tion during the past week, and others
are running only to fill orders which
Will soon be exhausted. No Quotable
change is noted in prices, but sales of
wool for the week have been only 3,747,-
500 pounds against 4,759, 500 for the cor
responding week last year. The de-
mand for speculative purposes contin-
ues. and large portion of the sales are
| OF that character.
In the iron and steel manufacture
there are symptoms of Improvement
Inc Eastern markets are waiting. There
is feeling that the new steel rail COM
bine will result in decided decreased
demand for rails, and also for pig iron;
and at Philadelphia and PIttsburg no
Improvement in prices is seen. Copper
is somewhat stronger, with ten and a
half cents bid, and the evidences of a
combination of producers accumulate.
Lead has remained unchanged in price,
and in tin prices have been almost sta
| tionary.
Ihe failures for the week number
3S6 in the United States. against 271 for
the corresponding week last year. For
the previous week the number of fail
ures was only $40.
A classified statement of liabilities of
firms failing during the last two weeks
of November shows a remarkable de-
crease IN the aggregate, and also in the
amount in each section of the country,
the decrease being about third in
manufacturing concerns and about 40
per cent in liabilities of trading firms.
Manufacturing liabilities were S1,675,-
OPT against 81, AZ, $50 the previous week,
and trading liabilities S1.20S. 449 against
81, 0S2, $50.