St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-27
TRADE IS SECONDARY.
Politics Just Now Is EngrosS-
ing the Attention OF. the
Country.
OUTLOOK is FAVORABLE,
However, in All Lines Of Bus
mess for Incre aSed Activ-
ity in Holidays.
OUTLOOK is FAVORABLE,
MANY Mills RESULTING.
Cars Condition Causes Stag
nation and Uncertainty in
Financial Circles.

New YORK, Oct. 26.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say: EngrosSing political excite
ment in many of the states causes nat
ural Slackening in some kinds of buSi-
ness. But, On the whole, business indi-
cations are rather more favorable than
they were week ago. Gold exports
have ceased. quite Il number OF mills
have gone into operation. and the de-
mand for products, if not equal 10 that
of prosperous years. is better than it
has been most of the time this year.
The prices of farm products do not
improve much. and there are still some
strikes to resist the reduction of wages.
SO that the purchasing power of the
people cannot have materially in
creased, but there is more hopeful
spirit, which prompts greater activity.
On the other hand. the record of past
transactions is somewhat less favorable
than of late. Payments through the
principal clearing houses throughout
the country show il decrease of l.2 per
cent, compared with last year, and a
decrease of 2l.9per cent compared with
four weeks being 29.S per cent.
Cotton has sold lit 5.Sl cents for MIDI
ding uplands, and the large receipts at
such low prices indicate clearly that the
crop will al least be close to the largest,
If not the largest ever produced. The
anticipated settlement of difficulties at
Fall River has not been realized. and at
present good many Spindies and looms
are idle. But strikes are temporary; a
more lasting influence is the largest
accumulation of cotton in the worlds
markets. the stock of American in sight
HOW exceeding 2,000,000 bales. 1t is i'll
teresting that, in spite of the low price of
the principal Southern crop, manufact-
urerS and wholesale dealers report
rather more Improvement III trade with
the South than with any other section.
The wheat market is lower, and nothing
appears to justify any important
change. Western receipts have been
4,Sl651l bushels against G,216.623 last
year. and Atlantic exports only 5S4, 2S3
bushels against l.066.666 last year.
Corn is higher without any vary clear
reason. ana it is noteworthy that at the
same time pork is - cents lower; lard
IS cents per 100 pounds and hogs a
cents lower. The contrast indicates
how little tie provision market depends
al present on NATURAL reldllOuS Oh sup
ply and demand.
IN iron and steel the West shows
weakness. while Eastern markets show
more ACKNOWLEDGEMENTS. Nothing of con-
sequence is doing i'll rails, The deliver
les for the year 10 Oct. l being only
10000 tons. which is below ordinary
requirements for renewals alone. LII
structural work Sulre moderate con-
tracts are reported, but bar iron is
extremely dun. and it is stated that the
low prices reported last week, % cents
for iron aid 81 for steel, have been
shaded in some transactions. There is
a decline in wire $l.g0 being quoted for
galvanized barbed and $3.50 for wire
rods. The best feature is that the
heavy increase in the output of pig does
not seem 10 overload tie market and
here are rather less signs Of pressure
10 sell than of late.
The demand for wool is not as large
as it has been; and, While prices have
scarcely changed for two weeks, sales
are but 4.3Oi $50 pounds, against SITS.
$50 in 1892. and for four weeks Is, 45i,
749 pounds, against 25,144, $50 IN 1892.
Prices were but down before the ne W
tariff took effect. 50 that results of for
eign competition are felt mainly in re-
duced sales OF some domestic wool.
The failures for the week were 231 in
the United States, against 352 last year,
and 50 Ill Canada, against A last year.
The gold in the medal awarded to DR..
Prices Cream Baking Powder at the
California Midwinter Fair is not higher
than the incompatible record of the
powder itself.