St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-06
BRADsTREET,s REVIEW.
General Advance in Prices and
Wages Shown.

Wages Shown.
Bradstreets tomorrow will say:
Notwithstanding the week is broken
by a holiday, favorable trade condi-
tons heretofore reported continue to
exercise a pronounced influence. Cen
eral advances in prices of staples and
in wages of industrial enterprises are a
prominent feature. The extent of the
voluntary advances in wages reported
within a month or two has outgrown
the resources of voluntary statistical
bureaus, which have endeavored to
keep track of them, latest advices
being that more than LOCO, 600 indus
trial workers have received an advance
averaging about 10 per cent At the
East the most active trade is reported
from Pittsburg, where the revival
among the iron and steel industries
has stimulated trade in almost all
lines. AT the West the most favorable
condition of business is reported from
st. Louis, with uniform reports Of
favorable crop prospects throughout
the region tributary to that city. No
material Improvement is reported from
the South, rains continuing to be dam
aging to agricultural interests and to
South Atlantic and gulf state cities
the quiet movement of staple goods,
and fair or unsatisfactory collections
of the past month or two, continue
But advices from nearly all cities re-
ported appear to agree that the whole
sale dealers in nearly all lines are
greatly encouraged as to the outlook
for business during the autumn, be-
nQVlng 4 am nd will he ~,
stimulated by the very general, and, it
is believed, permanent, Improvement in
prices. Exports of wheat (iour in
cluded as wheat from both coasts of
the United States and from Montreal
amount to 100000 bu this week, against
1,l46,WO bu last week and 1885, 600 blu
in the week a year ago, 3,577, 900 blu in
the first week of the new cereal year
in 1893, 100000 blu in 1892, and 2.225. 600
bu in 1884,
FINANCIAL CONDITIONS.
Bradstreet's Financial Review temor-
row will say: "Bearish manipulation
has supplied the lack of genuine ac-
tivity in the market during the pres
ent week. While business conditions
Improve to an extent which maintains
a strongly bullish undertone the mar
hel uoeS not Wluen ana puDllc ana for
eign buying fails to appear. The indus
trial stocks in particular were open
to bear attack, and the weakness of
Sugar and Chicago Gas consequently
nave been most unsettling influence
This week has ssen a further advance
In rates for sterling bills, the preva-
lent prices lowering about the gold ex-
porting point, and intima tons that
hao -ich t1,-e no.
force gold Withdrawals by offering to
guarantee bankers who would ship
gold against loss, found some accept
ance. The further allegation was that
the house applied to refused, and there
seems no reason to doubt that foreign
bankers are acting in harmony with
the syndicate. In spite of the hest
tating spirit and MANIPULATE drives
at prices, the general market has been
on the whole firm in tone. The appar-
ent hitch in the negotiations for the
reorganization of the Northern Pacific
with the cooperation of the Great
Northern will have considerable infiu-
ence. Railroad earnings continue to
improve except in the Northwest, and
the booming" state of the iron and
steel trade has its reflection in the adj
Vances of stocks in that line. The mar
ket on Friday was generally strong on
covering of shorts, in the face of the
decided weakness of Chicago Cas-