St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-15
TRADE CONTINUES STEADY.
Dun & Co.'s Review OF Trade
Shows the Outlook to Be Hope.
full.

Dun & Co.'s Review OF Trade
Shows the Outlook to Be Hope
full.
New YORK, Sept. AR. G. Dun's
weekly review OF trade:
Business has met no setback this
week, and continues larger than earlier
n August and larger than year ago,
directly after the panic. The country
has now passed nearly three weeks
under the new tariff. and all admit the
changes have been of less Importance
as yet than was expected. IL in some
/ branches business has materially IN
creased, it has gained but little OF has
fallen off in others.
Loss in some directions is explained
by crop reports for by the most .favora-
bic estimates but the loss of corn
is about 100000 bu, whereas the
government report is by some interpre-
ted as meaning loss of 1000, 000, 900
bu. The opinion Of the trade does
not favor the official estimate, and the
price has not risen at all during the
week. though receipts have BEEN very
small. Exports have practically ceased,
and all realize that the shrinkage OF
400, 600, 900 bu is serious il il. proves to
he no greater, since it must affect prices
of meats tor year OF more. Pork Is
unchanged, but lard has risen SOC per
100 lbs. Nor are official reports encour-
aging as to wheat. Western receipts
in two weeks have been 1l,1S4,6S7 bu,
against l0,674,76 bu last year, and
Atlantic exports only 2,074, 100
blu. against 5,lC6,562 bu last year
and the price is &c low
er. Considerable injury is officially re-
ported to cotton, but few expect less
than 100000 bales, which is more
than enough, and the price is six
teenth lower. The great increase in
iron production which was noted as fol-
lowing the removal of coke difficulties
is measured by the capacity of furnaces
in blast Sept. /. namely, l6l, lis tons,
against rs 356 Aug. l, and the unsold
stocks also decreased 35,3S4 tons during
the month. The output thus rises to 80
per cent OF full production, but the
consumption may be less. as the main
increase i'll output was near the end of
August ana the prices have since weak
ened little, Bessemer iron to Sll.40 at
Pittsburg, while grey forge sells at
S9.95. Barbed wire is shade weaker,
but other prices unchanged.
Shipments of shoes from Boston in
two weeks have been l6S9l5 cases
against lUo,40u laSG year, ana Ill low
priced goods the market has not been as
bare for years, while purchases from
stocks or fol- quick delivery reflect de-
pletion of stocks and consuming de.
mands.
Less activity is seen in dry goods, the
rush of postponed business having
abated, and there is more disposition to
defer purchases because of somewhat
general advances III cotton goods and
! because London wool sales are expected
| to make the outlook clearer. Strikes in
cotton mills have not ceased and stocks
| of print cloths shrink rapidly, but some
question whether recent advances in
price can be maintained with important
additions to the present force. There is
still fair business for speedy delivery
| in woolens and for cheaper grades of
| spring goods. but scarcely anything is
done in the finer grades. About half
| the usual business in the aggregate has
been done, it is estimated, but about
| tbree-quarters in the cheaper grades.
Failures in the first week of Septem-
Der as yet reported show liabilities of
only 81, $50, 070, of which S415, 120 were of
manufacturing and 1887, 45O of trading
concerns. The aggregate of liabilities
reported for August is Sl0.697.5l3. This
week the failures have been POT in the
United States, against 314 last year, and
"A i'll Canada, against 81 last year.