St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-30

since new wool came in May, for all
sales ut the three chief markets in the
eight Months have been but 100, 795. 400
pounds. partly for speculation, the
price having fallen % per cent for fleece
TO tho lowest point ever known, against
al2 $50, Cos pounds in the same months
last year. Sales Of cotton goods are
fully quarter be,ow the usual guam
tlty. The small advance attempted III
BOOTS AND SHOES
year ago was not sustained. but with
prices as low as ever, the shipments of
boots and shoes from Boston are 81 per
! cent less than last year in December.
Not only manufactured goods as Il
whole. but the most important farm
products are SO low that farmers find
little comfort. Official and other reports
deluded traders with the notion that
crops of last year were ST. short that
famine prices could be realized Oh pur-
chases. Enormous stocks were bought
aud held, with the aid of banks, until
heavy receipts in the spring caused a
collapse of wheat, pork and cotton
pools. Disastrous failures helped to
produce the alarm, which SOON made
money impossible to get, but even at
the worst hour of the panic prices were
scarcely lower than they are now.
Wheat has repeatedly sold here and at
Chicago at the lowest price ever known,
and is but &c above it now.
PORK FELL
81 in an hour when the speculation
burst. but sells lower yet today. Cotton
was lifted Il cent with accounts of scare
ity in September, but has lost most of
The gain, and sells below sc. Thus UNI
reasonable speculationS, by preventing
the sale of surplus products, have
proved great injury 10 farmers at a
time when their enforced curtailment
of purchases is disastrous to all other
| industries.
Clear evidence of the shrinkage in
different branches OF business is afforded
by answers already received to several
Thousand circulars requesting figures of
sales during the last half of 1898 and
1892. Full information of the results
will he given hereafter. but returns
of the textile goods already show
sales amounting to S43, S93,S75 this
year, against S70.347.SS2 last year,
a decrease of 81 per cent. Iron returns
thus far aggregate 1883. $50, against
500, $40, 931 last year, a decrease of IS per
cent; reports thus far on jewelry show
decrease of 90 per cent, of furniture
26 per cent, of dry goods % per cent, of
hats 1913 per cent, of hardware 10 per
cent, OF shoe manutac; Is per cent
and by dealers per cent, and Of cloth
ing 10 per cent. 1t is curious that the
only trade
SHOWING ANY INCREASE
IS yet is i'll groceries, the aggregate
sales being per cent larger than i'll the
last half of 1892. Lii thirty-Seven years,
covered by the records of this agency,
the number of failures has only once
risen a little above 1860 in Il year. In
1893 the number reported has been
1860. The aggregate of liabilities in
all failures reported has in six years
risen above 5000. 600, 00U. This year the
strictly commercial liabilities alone
have exceeded 1881, AZ, $50. the liza
biii!ie3 of banking and financial
institutions have been S210, 956, 6G4, and
the liabilities OF railroads placed in the
hands OF receivers about S1,212, 2l7 ,033.
As all reports hitherto have been 10
some extent erroneous, through inclu-
sion of failures not strictly commercial,
the classified returns will be found more
instructive than any hitherto published.
They show 1926 manufacturing fail
ures, with liabilities of Sl64, 7O7, 439; TO-
GS3 failures in legitimate trade, with
liabilities Of SS5. 527 1896, and 303 other
failures, including brokers and specu-
lators, with liabilities OF $50. CO., 735.
The average liabilities i'll manufacture
ing is $4,000; i'll legitimate trading,
$4,000, and in other failures. $1,000.