St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-13
Dun u CO.'S REVIEW w.
Some Uncertainty Ketarding the
Return of P~roscerfty

Some Uncertainty Ketarding the
Return of Prosperity.
New YORK, Oct. l2.-R. G. Dun &
issues tomorrow, will say: Business is
still waiting for the development OF
retail trade. There is a little better
demand in some industries. but not SC
good in others. Wholesale dealers In
nearly all branches are hating because
business does not yet show distinctly
what it is 10 he. Lower prices for the
great farm staples and lower wages III
some establishments hinder purchases
for consumption. while political interest
II uncertainty also have some retard-
ing influence. Meanwhile large i'm
ports and small exports of merchan-
disc. with inadequate employment for
eign exchange so that possibilities of
gold exports somewhat affect tn nck
market. The halting attitude r ie
moment is disturbing to those W b re
looked for continued gain, though, ,....tly
considered. 1t Is the natural consequence
OF conditions which were to be expected
at this season.
The government crop reports are not
greatly trusted, and yet have an intiu-
ence, and actually eXaggerate the tend
ency toward lower prices because they
are supposed to report all the crops too
low. Men calmly reckon that it the
government report indicates over 40O,-
GOO, 900 bushels of wheat the crop mnst
be over 500. 600. coo bushels. and
though Western receipts for the week
have been only 4.469.U 75 bu. against
$685., 302 last year. and Atlantic exports
only 641 .244 bu, against 500. 594 last year,
the price is slightly lower. Corn has
been stronger, for receipts are hardly a
quarter and exports barely an eighth of
last years, and the question of whether
the actual yield, If above the govern
ment estimate, may not prove lower
than has been supposed. The cotton
turns are more confusing, but all
point to a yield Sc far above that indi-
Gated by the government that its state
Denth has been followed by a further
decline for The week ~one-qIarter. The
receipts thus far hardly encourage ex-
tremely large estimates, and yet it is to
be considered that the crop WINS later
than usual.
The iron industry records larger pro.
ductiOn in September than in any other
month this year. but as prices are grad.
ually weakening because of Insufficient
demand for finished products, some
WORKS are preparing to close or shorten
time. A few good structural contracts
are reported, and two amounting to
$4,000 Ions for steel rails, but combina-
tlons bold up prices Of rails and wire
nails. The demand for bar iron is un-
satisfactory, and Bessemer pig and steel
billetS are weak.
The WOODEN mills still have numerous
belated orders for fall goods. but the
demand for spring does not increase,
though in nearly all the lower-priced
products domestic makers appear able
TO command most of the business that
exists. Sales of wool have been 4.S77.-
$40 pounus against 2,500, 452 last year
and 7,09O,6 u in 1892, and prices are a
shade weaker for fine fleece, Ohio XIX
selling at 171ac at Philadelphia, but
coInbiHg and territory wool are steady.
Failures for the week ending Oct. 4
show liabilities of 81. ia, 276. of which
$500, SIS are OF manufacturing and $685.
39l OF trading concerns. There have
been 231 in the United States against
1913 last year and 43 in Canada against
AZ last year.