St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-27
AN INCREASE IN BUSINESS.
SIXTY TWO ASSUMPTIONS OF iMP0R-
TANT MANUFAcTURfNC CONCERNS.
BANK oLEARINGs LOOMING Up.
Severe Weather Has Checked
Shipments OF Merchandise at
Northwestern Points-Increas-
ing Demand for Loans at Chi.
cago Banks-JObbers Report
Large Sales.

ing Demand for Loans at Chi
cago Banks-Jobbers Report
Large Sales.
NEW YORK, Jan. 26.-Bradstreet's
tomorrow, Jan. 81, will say: The im-
provement in industrial and CONNER
cial lines heretofore reported continues
TO grow moderately, and shows gains
from week TO week, although more con-
Spicuously in manufacturing than i'll
co merclal lines. This is indicated by
the record of sixty two assumptions or
more important manufacturing estab-
lishments this week, compared with
seventeen shut.downs, and by the total
of $40. 227. 900. the bank clearings of the
week at fifty.four cities, which is per
cent smaller than in the proceeding
week, and 81 cent per smaller than in
the like week last year. The sudden
and severe change in the weather has
checked shipments of merchandise at
many Western and Northwestern
points, although orders for seasonable
goods have, i'll many instances. been IN
creased with the cold and the storm.
Stocks of general merchandise at in
terror points, almost without exception.
remain light; and, although purchases
from jobberS are generally from near
Ly, the accumulation of these is aggre-
eating a considerable volume. Not the
least significant is the increasing de-
mand for loans at Chicago banks. More
conspicuous increases in sales by the
aid hats, while Improvement i'll the in
dustrial situation is reported from New
ark and Pittsburg. There is much
better demand for iron, although at cut
prices, and quotations in some lines of
iron and steel are below figures at which
it was supposed
POSSIBLE TO PRODUCE.
Sales of raw woods are larger, notably
at Boston, although quotations are
shaded. Stock of available wheat de-
creased in the United States, botn
coasts, last week. 767, 900 bushels; in
Europe and afiOat for Europe, 472,000
bushels. and increased in Australia
1900, 600 bushels. Receipts of cotton for
the five months of the current cotton
year are about 6.075,000 bales-15 per
cent more than in the corresponding
period last year. BradStreetS annual
analysis of more than 1900 business
failures in the United States and Canada
last year ShoWS-a net gain of more
lhad 5000 in the total business
population in the United States
in 1898, compared with 1892, not
outstanding panic and depression
during seven months of last year. The
III in q hnnf
Lack of capital, direct effects of the
financial crisis, Incompetence and fraud
ulent disposition of property, account
for 81 per cent of the failures last year
and in the year before, the proportion
of failures due to speculation outside
OF regular business, to personal eXtraV-
agance, TO fraudulent disposition of
property and to undue competition, was
smaller in 1893 than in 1892. Exports of
wheat in the United States and Canada,
both coasts (fiour Gnciuded as wheat),
equal 3,947,0 600 bushels this week, 3 per
cent less than last week, but IL per cent
more than i'll the week year ago, and
10 per cent less than in the week two
years ago. The total number Of bust
ness failures in the United Stotes
FALLOFF HEAVILY
again this week, the total being 33S
against 404 last week, 302 in the like
week of 1898 and 249 in 1892. The
enormous accumulation of Ioanable
funds at New \ ork and the continuance
of the inflow of currency prevent the
improvement IN trade being as percept-
IDLE at that center as elsewhere, although
metropolitan banking interests are more
cheerful.
Trade at Cleveland is quiet without
sign OF gain. At Detroit il is moderate,
volume. Cincinnati bankers report
more activity among manufacturers.
Some Louisville jobbers report business
equal to that during like portion of
1898. There is continued improvement
In Chicago in wholesale lines, notably
clothing, SHOES, hardware and groceries,
st. Louis reports sales of hats in good
volume for February and March de-
livery, that shoe manufacturers are
employing more operatives. and that
merchandise and pig iron markets con-
tinue to improve. The movement of
merchandise at Kansas City opened
fairly this week, but severe storms
have checked il. Money is accumulat-
ing at that city. Trade is better at
Omaha. due i'll part to the demand
caused by the change IN the weather.
Shoes are selling we'll, but live stock
prices are lower. There is no change at
Milwaukee nor at st. Paul, except
moderate check in dealings, due to the
weather, accompanied by more activity
III hardware. At Minneapolis jobbing
in some lines compares favorabIy with
that in previous Januarys, while at
Duluth the volume of business is less
than in the previous week, and collec-
tons are no better.
Montreal reports comparatively small
volume of business, and that travellers
are doing little III the West and only
fairly in Central and Eastern Canada
Trade at Toronto is quiet. and whole
sale merchants are receiving and ship
ping spring goods moderately.
BradStreet'S financial review tomor-
row will say: Throughout the week
the general market has been in wait
ing state.
ACTIVITY WAS SUSPENDED
or confined to few stocks, though the
tone OH the whole was strong and quo
tations, with some exceptions, have
been well sustained. The stimulating
influences which it was hoped would he
eXerted by the government bond issue
have been checked, and sentiment has
been chiefly affected by the progress of
the tariff bill a Washington. Uncer.
taintY as to the outcome in this connec-
IIOii oNNhho W ASNP GlC OuOIlG Oub vi
Wall street, while the leading operators
have restricted their ventures to a
marked degree. The ''street" appears
to be still mildly bullish,a land is disposed
not only to make the most of any
actual developments of a favorable
nature either in railroad affairs OF in
connection with the revival of bus
mess, but to minimize the Importance of
such results of the recent depression as
still continue to coma to light. London
has not been factor. The market
there has been somewhat affected by
the decentralization of Indian exchange,
and by approximations that The apparent
abandonment of the Indian govern
ment'S silver policy will have serious
results on the trade of the great Eastern
dependency. Americans in London
have. however, been relatively steady,
though neglected, the selling from that
quarter i'll this market being of trif1ing
character. On Friday the market was
Il