St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-28

AtneS OF 0OOuS-M2rkeu ne
vival of Speculative Activity
and BuIIish aentiments-Cer-
tainty of Unconditional Repeal
Causes the Change.
New YORK. Oct. Pr. G. Dun &
Cos weekly review of trade: Port is
In sight after long and stormy voyage,
and the prospect of il speedy end of the
discussion over repeal has brought help
to business. 1t is still too soon to expect
much effect in trade and manufactures,
and though monetary obstacles are to
large extent removed, there still remain
other legislative questions which create
uncertainty.
A fact OF real encouragement is that
railway earnings for the third week of
October show an increase of 3 per cent
over last year, the first increase Tor a
long time.
Wheat rose &c, although Atlantic eX-
ports fell TO 100000 bu for the week,
against 1,90U.O00 bu last year. ill part
because Western receipts were but
5,S63,000 bu, against S,900.900 last year.
But corn declined sc. with better re-
ports of yield; coffee declined Slice; pork
products made only slight gains; cotton
fell a quarter, the receipts being 60, 600
bales greater than last year. AS yet
there is seen only continuance of The
the faint and slow increase in distribu-
ton of products which has been noticed
for some weeks. Nor does even this
gradual revival in demand extend to all
branches. Most of the increase yet
seen In cotton and shoe manufacture
may be explained by the mere exhaus-
ton in stocks of dealers, as frequent
requests for immediate delivery snow,
but there Is also reported a
somewhat better demand from con-
SumerS and four more cotton mills
have started and seven Increased force,
against seven stopping or decreasing
a similar demand has Increased by six
the number OF hosiery and knit goods
works reported III operation. The ship
mentS OF shoes from tue East in tour
weeks in October are % per cent less
than last year, against 81 per cent in
September. But, against eight COM
paratlyely small WOODEN mills starting,
five have stopped, including one OF 3, COO
and another OF LOCO hands.
HE total sales of wool at three chief
markets, including several million
pounds believed to be Tor speculation,
have been 9,207, l52 pounds in three
weeks, against q ,975, 600 last year.
Two additional iron furnaces have
gone into blast, ant the present OUTPUT
may be little larger than at the be-
ginning of the month. Some rail mills
have resumed manufacture, apparently
TO provide for future father than pres
ent wants of their Customers, and there
Is some addition to the numUer of nail
and wire works and machine shops EN-
pl0yed. But the movement for most
products is small; steel bilietS are
called firmer al so, ship plates are de-
IVered at Philadelphia yards for SIS
and bar sells with decreasing demi d
Tor $50 at Chicago. 1t is hoped ill., L
monetary ease and security may ell
courage railroad extensions and iIu-
provements and more architectural
work, but the shrinkage in demand is
not wholly due To the state of the money
markets.
The humber and magnitude of fail
ureS decreased less than had been ex
pecteG, the liabilities III three weeks of
October amounting 10 Sl5, or, 92U against
about 81, 00U,U U0 for the same weeks last
year.
Ibis week there have been 352 fail
ures III the United States against 1877
last year, and A in Canada against 20
last yeaI, Including one bank and two
Western failures for million or more,
there were % OF liabilities exceeding
S5U,U00 each.