St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-20
Co IS weekly review of trade which is.

Co. IS weekly review of trade which is.i
sues tonorroY will say: n
Cotton below six cents and wheat be-
low So cents, each lower than ever since
present clasSifications were known, eX>
port OF gold instead OF products at such
prices in October are the salient features
in business this week. Distribution of
goods 10 consumers goes on fairly, with
gains at nearly all points in comparison
with last year, but Qotyet al rate to sus-
tain the Present volunie Of mahhfactur-
ing production, so that prices weaken
little. The domestic trade re-
ported by railroad earnings IN Octo-
Der is "a per cent less than last
year and 1874 per cent less thar in 1892
The payments through the principal
clearing houses for the third week of
October are 2.S per cent greater tnan
last year. but 3l.5 per cent less than in
1892. The daily average for the month
is SO per cent larger than last year, but
2S.2 smaller than in 1892. With MANY
features OF encouragement, business has
not yet reached expectations. and it is
evident that the loss Of part of the corn
crop and the unnaturally low prices OF
other great staples affects the buying
power of millions.
Wheat for October delivery fell to
54.l2 cents on Wednesday and IN spite
of some recovery the average for Oc-
I0bcr thus far is cents below the low
est monthly average ever made. which
was in September and was nearly 10
cents below the lowest prior to this year.
the October average being so cents be-
low that OF October. 1891. or 90. West
ern receipts are only 4.700.39l bushels
for the week, against 500, $50 last year,
against S93, 343 last year. but the con-
trolling fact is that no demand as yet
promises TO clear away the enOr-
nous surplus. Corn declined 15@1
cent during the week with receipts not
quarter of last year and exports not
tenth. Pork products were small and
weaker. with lard quarter cent lower.
Cotton sold at 5.94 cents on ThurSday,an
with Eilison's estimate that the world
will consume S.24S,000 bales month,
the stock of 10000 900 bales in sight and
bales deter buyers.
Domestic exports from this city in two
weeks of October were IS per cent less
III value than last year, while the i'll
crease IN value Of imports has been 81
per cent. Much Of the decrease in eX-
ports Is in price, but in August and
September the quantity of wheat
decreased over third. Provisions
and cotton gained, but oil decreased.
and i'll minor products, exports in Sep
TENDER declined Is per cent The in
cfeaS or imports exclusive of sugar
was over IS per cent i'll September and
IN two weeks of October at New York
over 43 per cent. With this heavy i'll
crease III purchases and a decrease IN
sales of products abroad, the market for
Sf.Ita ic . ha
quickly affected by Withdrawals of cap
ltal or approximations regarding the
future peace of Europe. To half mill
ion dollars paid Tuesday it is expected
that as mUcn will be added
today. 1t appears that three
trust companies here now hold
over S40.0vO.OuO idle money and
that Eastern mill loans are being taken
from New York by New England banks
while the Northwestern demand for
money is unusually small. The treas
ury is again falling back ward in reserve,
and large imports yield a little less
revenue for the past three weeks is
1900, 900 smaller than year ago.
The iron aud steel business makes a
better showing this week, Bessemer
pig hav.ug stiffened to 5000 at Pitts
burg, and at Chicago and New York
further structural and bridge orders
have been placed, but bar iron has
fallen TO 90 cents for common and 81 for
steel at Plttsburg. which are prices
below those current in Great Britain.
There Is good demand for sheets. and
some good bridge contracts are reported.
The Pennsylvania railroad reports its
material account 50 per cent less than
tina: of last year up to date.
During the past week the failures
have been 253 in the United States,
against 81 last year, and 43 in Canada.
against 20 last year