St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-19
AWAITING A REVIVAL.
Trade Conditions Continue in
Suspense, but With
Hope Ahead.
DUN & co.'s WEEKLY REVIEW
Indicates But Little or No I'M
provement From Situa-
ton Of Last Week.
TALK OF A BOND ISSUE.
Eradstreet's Say Exports Of
Gold Rake One Necessary
in Near Future.
TALK OF A BOND ISSUE.

New YORK, Jan. 1S-R. G. Dun q
Co. 5 Weekly Review of Trade, which
issues tomorrow. will say: There are
some good signs, but they do not as yet
extend to business generally, which
heSitates much as it has done Tor
months. Gold continues 10 go abroad,
S5.55O,O00 having gone this week, and
the deficit of revenue is already over
$500. 900 for the month. This state OF
facts. with the failure Of congress TO
make provision for borrowing or for III
creasng revenue, still operates 10 re-
tard wholesome recovery, and the
volume of domestic trade represented
by exchanges through clearing hOuS eS
Is again about per cent larger than
last year, as it was in the first week Of
the month, but is 33.7 Der cent smaller
than in two years ago, higher rate OF
decrease than for some time past. The
industries are meeting larger demand
for some products since the new year
began, but rather less for others, anG
definite Improvement appears in prices
of manufactured products or in wages.
with much hope that positive
Improvement Is Not Far Off.
but not very satisfactory evidence Of it
as yet Wheat has sagged off l cent
again. with Western receipts only about
half last years. The departments eS-
innate of 40O,O00,000 bu against less
than 400, 1000, 900 bu earlier in the season
points TO the probability that the COM
mercial estimates have been nearer the
fact. Corn has declined 1850 III spite of
the very low government estimate OF
yield, receipts being now larger than
of wheat. Cotton las remained steady
at 535c. with fairly large movement,
but efforts of Southern planters to COLI
tract the acreage this year receive some
attention. Petroleum has touched 81
again in nominal price, but without &C
tlYity.
There is somewhat more doing in the
iron and steel business, enough to cause
shade of lifting i'll prices for BeSsemer
iron and billets at Philadelphia, where
there is also improved demand for fin
iShed products, but at Pittsburg all
changes reported are downward. Yet
the rail movement does not gain, the
total shipment in 1891 having been 725,.
600 tons, and, In spite Of a larger de-
mand, nails are as low as ever. Orders
for bar are not larger, though better are
expected, and barDed wire is i'll light
demand at $l.S5. A combination of
Lake Gre producers, outside the MeSaba
mines, is expected TO advance the price
25 cents per ton. and it makes some DIFF
ference at the West that the freight
rates on COnnellaYille coke has been re-
duced 10 cents at Chicago. Speculation
has depressed tin 4 fraction, the re-
ported aim being to diSlodge the hold
ingS Of the syndicate. Sales OF $50, 600
pounds of Lake copper at 9.S7 cents are
reported, though Calumet d Hecla is
held at 10 cents. Lead has been strength
ened 10 3. cents, and the reduction of
1915 to - per cent i'll wages is expected
10 start the tin plate works. In wool
there are fairly large dealings, l0,619,Sl5
pounds i'll January thus far, against
1857, 500 in 1893, much Of the increase
being in foreign wool. Considerable
sales Of carpet wool are reported and
better demand fer territory. While Ohio
XX is quoted at II cents. The inn
portant London sale Of Australian has
caused seine hesitation. The opening
Of heavyweight w0oiens is believed to
indicate a decline of 80 to 40 cents in
goods costing 50 or over and 1873 to go
cents in goods costing from 81 to IS per
yard, but many makes have not yet
been shown. While there is much
waiting in this Industry, there is cvi-
IDENTITY hopeful determination to meet
foreign competition.
Failures tor the week have been 373
in the United States, against 407 last
year, and GU i'll Canada, against 46 last
year.