St. Paul daily globe., 1895-11-09
BUSINESS WAS INTERRUPTED
BY THE ELECTIONS, AS 1T
ALWAYS is.
TRICKS CONTROL OF OVENS.
PRICES GENERALLY ARE AT
PRESENT IN PROCESS OF
READJUSTMENT.
METALS ARE SELLING LOWER
Worsted Mills Waiting for Or
ders, but a Good Demand for
Dress Goods Continues.

NEW YORK, Nov. 8.-R. G. Dun &
| Co. s weekly review of trade tomor-
row will say: "It has been broken
| week, and just before and after cleo
tions in the most important states
operations rarely have much signifi-
canoe. Business may be largely af-
fected in time, but as yet there is
scarcely any indication what the eff
feet will be. The controlling power
at present is the effort to readjust
prices after the remarkable rise of
last summer in important materials
and products, with the struggle of
great combinations to prevent de-
cline. The purchase of competing
interests now gives the H. G. Frick
company ownership of 1855 out of
II, 1884 coke ovens in the Connellsville
region and practical control of more
than three-quarterS, and an advance
in the price of coke to 81 is expected,
as the Carnegie company has been
buying up supplies at low prices for
months in advance. Yet the price of
Bessemer pig is lower, $14.75 at Pitts
burg, and billets are lower because
there is scarcely any demand for rails
at the combination price; structural
contracts are now few, and the de-
mand for wire and wire nails has
been curtailed by the nail trusts ad-
vance of prices 176 per cent in four
months. Large Western and East
ern orders for cars help the demand
for bar, but finished products are
quite generally sold below quota
tions, which are now lower than they
were two months ago. Copper is a
shade weaker at 11.75 cents for lake,
with slow buying; tin fraction low
er at 1455 cents, with the visible sup
ply 27,675 tons, against 22,737 year
ago; and lead is a trif1e lower at 3.3
cents. The anthracite combination
seems ready to make higher prices.
WAITING FOR ORDERS.
Many woolen mills are also clos
ing to wait for orders, though the
demand is fairly satisfactory for
some dress goods and worsteds, and
the Washington mills open clay wor-
Steds at 10 cents advance. But
prices of these and most qualities of
woods are still uncertain, for man
ufacturers do not know yet what
they have to meet. The reaction from
speculative prices of wool abroad and
the stiffness of speculative and coun-
try holders here reduced sales to
5,821, $50 pounds for the week, against
S,215,000 pounds for the same week
of 1892, but stocks of foreign wool
here are very large. Cotton mills do
we'll, as the halt and hesitation in
cotton does not stop buying Of goods,
and many believe goods safe at cur
rent prices, even if cotton is not The
market for raw cotton is held at S.S1
cents, in spite of highly respecta-
BILE estimate Of only 6,435, 900 bales
for the year. Even at that the sup
ply Of 100000 would be more than
enough; but other estimates are much
higher.
Wheat falls back with great re-
luctance from it's summer rise of
20 cents, but has declined IL cents
ing S,019,910 bushels, against 3,S45, O32
for the same week last year. Belief
in crop much smaller than last
years has to resist actual receipts of
As, 5,725,36S bushels in six weeks, against
80, ,446,005 last year, and Atlantic ex-
ports have been only 9,O93, ,424 bushels,
flour included, against 13,347 ,619 last
year. The reports of winter wheat
from some states are also better.
Corn comes forward largely, receipts
being more than double last years,
and nearly a million bushels went
abroad. The rapid marketing of sup
plies of wheat from Russia and Ar
gentina, and the larger exports of
corn from this country, both tend to
lessen the future demand for Amer
lean wheat.
Failures for the week have been
$50 in the United States, against 26l
last year, and 49 in Canada, against
az last wear"