St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-09
STIMULATES TRADE.
Cold Weather Il BulIish Factor,

Cold Weather II Bullish Factor.
Says RrndstFeet1s.
NEW YORK, Feb. 8-Bradstreet's
tomorrow will say: Extremely low
temperature, snow and high winds
have visited the greater portion of
the country this week, and have had
a marked influence by restricting
orders received by jobbers in all
staple lines. But they have tended
to stimulate purchases of season
able goods. The New York stock
market has been waiting for the re-
suits on currency legislation and the
expected bond issue. The uncertain
ty about the latter checked buying,
but the belief that the issue would
be announced stopped bearish ma
nipulation of the market. There
has consequently been a firm tone
without an activity. Foreign ex-
change has broken to $4.SS for de-
mand sterling on the sentimental in
fiuence of the anticipated sale of
bonds abroad. Wheat stocks avail
able here, in Canada and af1oat for
Europe amounted to 1S1, 419,000 bu
on the LIST instant, a good deal more
than was so held on like deals in
1889 to 1892, inclusive; 1881 600 bu
more than on Feb. /, 1893, but $685.
600 bu less than on that day last
year. American wheat stocks de-
creased 6,974,000 in January, 1895,
against January decreases of only
sos, 900 to 324,000 bu, respectively, in
1894 and 1893. But this is offset by
an increase of European stocks
available and af1oat last month of
9,64O,OO0, whereas in that month last
year European and af1oat wheat
stocks decreased 5,4SS, 900, and two
years ago 100000 blu.
Prices in the main, however, show
a favorable tendency, sugar alone of
the more important staples having
declined within the week. Even cot
ton has remained firm at last weeks
closing quotations, and wool and
coffee are unchanged. Prices are
also steady for pig iron and steel
billets, though request for the same
is not equal to expectations, i'm
provement in this industry being in
the demand for plates, bar and
structural varieties.
Live cattle and hogs are firm,
with an upward tendency, particu-
larly within day or two. Advances
in prices include those for leather at
home points, fruits and produce I'M
der the stimulus of the cold weather,
and wheat, corn, oats and pork and
lard. Anthracite coal is reported
firmer, with improved demand.
Exports Of wheat Giour included
as wheaD from both coasts of the
United States amounts to only 2,220,-
pol bu this week, against 2,403, 600
last week, 2,67S,000 bu in the week
one year ago, 1881 900 bu two years
ago, and s,641, 900 bu three years ago.
Weekly exports of wheat within the
past four weeks have steadily de-
clined from 3,564000 to 1920, 521 blu.
The damage by the Florida freeze
was exaggerated. A large portion
of the orange crop had already been
| marketed. Only the late crop and
that held for higher prices was
caught and destroyed. Some young
trees were hurt, but old groves were
practically uninjured. Heavy losses
fell on large growers. A good, but
small, crop is expected this year.
| Results of Florida naval stores and
phosphate industries, truck and berry
| farming are said to have been fairly
satisfactory.
Merchants at Toronto and else
where in the province regard the
outlook for spring business hope
fully.