St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-27
STEADILY B00MS.
No Signs Of Hesitation in the
Growing Activity Of In
duStries.
EVERYTHING ON THE RISE
Not With a Rush and a Whirl
but From a Sound
Basis.
EVERYTHING ON THE RISE
TIE WEEKS TRADE REVIEWS
Exceedingly Optimistic in
Predictions for Return OF
Prosperity.

NEW YORK, April pr. G. Dun
& Co.'S weekly rzview of trade, which
issues tomorrow, will say: Neither
the rising speculative markets nor
the steady gain in industries has
ceased, and 1T is wholesome that there
are fewer 2igns of hesitation in the
productive industries than in specu-
lative prices. Wage strikes grow more
numerous and cause some trouble,
and retail demand 1ags behind whole
sale and jobbing purchases behind
production in some branches, but,
through many conflicting reports, the
fact shines out that the industries
are gaining, not with rush and a
whirl, but more safely.
1t is less clear that railroads are
increasing their earnings, or that
oVerproduction of cotton will be
cured by the advance of 13s cents in
prices, or cornering short sellers Of
wheat will help to market the large
surplus. But revival of activity in
all these directions, if not excess
Sive in some, helps confidence to
take the throne SO long held by dis
trust.
Cotton mills are getting more
money for goods, and have quite
generally advanced wages. Consump-
ton of Northern spinners at the
maximum would be in eight months
100000 bales, but they have ac-
tually 'taken 100000. The consump-
ton is large, and advances seem to
be warranted. Iron production, slim
ulated because ere, coke and oil were
to be delrer, is retarded by shrink
ing demand for products, for on the
whole new business is said to be
smaller than in February or
March. The structural demand for
buildings throughout the country
was never larger, the frenzy in oil
has started a demand for pipe and
sheets at slight advances. Rails are
stagnant, though a Shade better at
Chicago. Wire for fence nails and
wire rods are so dull as to be scarce
~ quoted, and bar meets no in
creased demand. Bessemer pig is
lower, and sales of Southern pig
in Northern markets-have been
large at % cents advance. Finished
products are nearly all at their low
est price. Wool has sold at the low
est price on record this week, 16
cents for Ohio and cents for years
Texas, and offers to clear off stocks
before new supplies come forward
tempt manufacturers to purchase be-
yond present needs. Sales of foreign.
S,117,300 pounds in three weeks
of April against 1892, 500 domestic,
make the total laos, 800 against IS
906,10 in 1892, and less, of course. in
1893 and 1894. Demand for dress
goods continues large and improv-
ing, but uncertainty in mems wear
goods continues, and is somewhat in
creased by more numerous strikes.
Colored fannels are 5 to 71a per
cent lower, and an auction sale is to
be held, and some irregularity ap-
pears in prices for fine fancy goods.
Higher prices for wheat, nearly three
cents above last week, tend to check
Atlantic exports, which, flour in
cluded, were only 1,S6S,S73 bushels
for the week against 2,620,445 last
year, though for the previous two
weeks about equal to last years.
Cotton touched seven cents, receding
to 6.93 cents; British exports of goods
We're 100000 yards less this quar-
ter than last year. The sudden rise
does not lessen hope to lessen South
ern acreage. The failures of the