St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-10
in The BUSINESS WORLD.
OYER FORTY ASSUMPTIONS or NM
P0RTANT INDUSTRIAL CONCERNS.
JANUARY VOLUME OF TRADE

Bradstreet Reports a Great Deal
OF Eastern Money Having Been
Sent West TO Omaha, Duluth
and Other Cities-St. Paul job
bers Fairly Busy With Larger
Orders.
New YORK, Feb. 9.LBradstreet's to-
morrow will say: Unfavorable feat
ures in general merchandise lines are
conspicuous in reaction i'll the raw
wool market following the squirt given
sales of that staple, particularly at Bos-
ton, in the preceding two weeks. when
the quantity sold exceeded 100000
pounds. and IN the appearance of un-
seaSonable weather in the South and
West, and reports from Baltimore that
general trade for February opens dis
appointingly. results being smaller than
expected. There are forty-odd resump-
tlons of Important industrial establish
mentS this week, contrasted with an
nouncements of the shutting down of
only six similar concerns. An easier
wool market at home, emphasized by
weaker market at London, may be con-
trasted with the fair Jobbing movement
Ill general dry goods amongst leading
honses at Eastern centerS, which report
the volume of trade for January fair,
Notwithstanding sales were in small
lots. A favorable surprise is in results
OF the public sale of home and foreign
silks at New York, prices paid, instead of
resulting in loss, as predicted, furnish
ing fair margin of profit, and pointing
to the willingness of dealers to replen-
ish stocks in advance of immediate de-
mands. There is gain also in move
ment OF mems wear wooleus from East
ern centerS, and the
INCREASED DEMAND
for steel billets at Pittsburg and at Chi
cago Is such that prices are nearly, if
not quite, 81 a ton higher, and more than
10000 tons of steel have been contracted
for. The demand for rods, wire and
nails has increased as well, and some
mills have refused further orders at
current prices. Sales of Southern pig
iron have been increased at the West.
Exports of wheat from both coasts (1our
lncludeO amount TO 2.6zS,000 bu, a
moderate gain over last week, when the
total was 2,0S3,000 bu, but a much
smaller total than one year or two years
ago, when the aggregates were respect
lively 3,93l.000 and 3,641, 200 bu. During
the first five weeks of the calendar year
1892 the total stocks of available wheat
here and in Canada, east of the Rockies,
declined about 2.700,000 bu, net. In
like portion of 1898 they increased about
100000 bu net, but this year there is a
net decrease of more than 100000 bu. A
good deal of Eastern money has been
sent West, its use being noticeable at
Omaha and Duluth.
THE VOLUME OF TRADE
is fair at Cleveland; but sales are in
small lots. At Cincinnati there is no
change, except that manufacturers re-
port more life in inquiries.
Shipments of dry goods are MO re con-
| spicuous from Chicago, although sales
of hardware have improved. There is
better feeling at ST. Louis. based in
| part on improved conditions, and a
| better demand for iron, steel and
| leather. A fairly active trade is re-
| ported from Kansas City among both
| jobberS and retailers, which is true of
wholesale dealers i'll groceries and pro-
| visions at Omaha. Business generally
| is quiet at Milwaukee, although Slight
Improvement is reported at the banks.
st. Paul reports better trade than for
weeks previous, jobbers being fairly
busy, and the average size of orders
| larger. A slight, but perceptible, i'm
provement is also noted at Duluth,
where factories are enlarging outputs.
Portland. Or, reports business dull,
but collections improving. San Fran
cisco reports bags higher, owing to the
outlook for a large crop of wheat.
Toronto reports only limited volume
of business, with iron prices irregular
and hog produc lower.