St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-20
TONE OF TRADE BETTER.
BRADST8EET'S REP0RTS FROM LEAD
ING BUSINESS cENTERS.
FAILUREs ON rE4E DEoREAsE.

Greatest improvement Noted by
JobbinE Houses in Southern,
Western and Northwestern
Portions of the Country-Free
Receipts OF Wheat Have
Caused Prices to Drop.
NEW YORK, Jan. 19.-Bradstreets
tomorrow, Jan. 20, will say: Special
kilograms from many of the more inn
portant cities, based on interviews in
leading lines of trade, make it plain
that the Improvement reported week
ago, characterized as the turn in the
tide, has been retained and added to.
Exceptions are noted at some of the
larger Eastern manufacturing eenters.
Pittsburg is more hopeful; but, while
Retailers have increased purchases,
there Is little gain i'll iron or steel.
Philadelphia emphasizes further con-
cessions i'll prices for wool, but there
are contradictory reports as to the man
featured product; attention is directed
to the taking of iron and steel contracts
by competing Western concerns Eat
rulnouS prices" although it is admitted
trade In drugs, paints aud glass is much
improved. Cotton goods have a better
tone, aud prints and wash fabrics are in
falr sale. as are shirtlngs, which are re-
duced to so cents. A better feeling at
Buffalo is based merely on the approach
to better trade, although orders for drv
goods and groceries are more liberal.
Receipts of cotton have continued suf-
flclentiy free to render it impossible
lowest cotton estimates will prove cor
rect, aud prices have weakened accord
ingiY.
TRADE CONDITIONS
at Cincinnati have improved with man.
ufacturers and jobbers in merchandise.
There are gains in iron and other man
utaeturIng lines at Detroit, and at CHI
cago sales OF dry goods, clothing and
shoes have increased, travellers receiy-
ing fair volumes of orders for spring
goods. A better feeling is reported at
Louisville. as well as actual gains. At
st. Louis demand for groceries, dry
goods, shoes and hats has increased. as
nave orders for finished iron and steel,
oAtS A&SeOA OSiiiS3 C4udA w GuO50 LII dt1l
preceding January. Spring trade has
opened fairly we'll at Kansas City.
though smaller in volume than year
ago, and at Minneapolis, while indus
trial lines show no improvement, that
In Jobbing circles is emphasized. Com
mercIal travellers have been sent out by
Jobblng houses at almost all the larger
distributing points, but commercial
conditions are Irregular, showing great
Central, Western aad Northwestern
portions of the country.
Unexpectedly free receipts of wheat
in the United States and naturally
heavy increase in Australia surprised
the trade with a larger gain of ayaiIa-
bic stocks than anticipated, and prices
have reacted. Exports of wheat from
the United States and Canada, both
coasts Mour incIuded). amount to 8, 1882, =
0o0 bushels this week, 40 per cent more
than last week, and about one-tenth
smaller than in the week
AYEAE AGO.
There are only 404 failures in business
reported this week. against 4S4 last
week, and 300 a year ago. Increased
demand for sugar yesterday advanced
the price of both raw and refined &c.
Trade at Nashville starts out in reduced
volume, though jobbers express them
selves fairly well satisfied. Even Mem
phis reports larger sales of groceries
and plantation supplies than antiei-
pated, but at Mobile, Birmingham and
New Orleans and Galveston no gains
are reported. Very mild weather at
Omaha has checked trade there. Col
leetions are slow, and the price of hogs
is off 10c, while there is better feeling
at Milwaukee, due largely to bank re.
sumption. The Improvement in de-
mand for staples is slow.
Toronto reports a quiet trade this
week aud iron prices irregular, with
| disruption in the association"
| The volume OF trade at Montreal is
| small, and manufacturers report no
| special activity, some mills being tenn
| porarily closed.
Bradstreet'S financial review tomor-
| row will say: Expectations of a govern
| ment bond Issue sustained
THE STOCK MARKET
| during the earlier portion of the week,
/ but speculative Interests appear not
only to have discounted the matter, bnt
| to have been somewhat disappointed
| both as to the terms of the proposition
| put forth by the treasury OH Wednesday
| last and as to its reception by financial
interests and the public at large The
| basis of the improvement in values
| which had been effected during the past
| fortnight. was largely sentimental.
| Apart from the relief which an issue of
bonds would afford from fears engen-
dered by the slrinkage of the gold re-
serve and the deficit in the government
| revenues, II was thought that the op-
| portunity to subscribe to a government
| loan would have a stimulating effect
upon the appetite of the public for
| Investments in general. The announce
ment made by Secretary Carlisle was
satisfactory to the financial world at
large, but apparently somewhat un-
satisfactory to speculative elements.
| The integrity of the gold reserve is to
| be preserved. aud fears of a dangerous
deficit avoided. The loan, however. is
| not a popular one che i've per cent ten