St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-09
The Cause for the Sudden
Cessation OF Gold With
draWalS
AS BRADSTREET'S SEES 1T.
Cold Weather a Stimulant to
Trade--Uncertainty in
Share Speculation.

NEW YORK, Feb. S.-R. G. Dun
& Co. s weekly review of trade, which
issues today, will say: For whole
week the confident expectation Of
the sale of bonds has kept back eX-
ports of gold. Withdrawals from
the treasury amounted TO about
$4,000. OOO, but were mainly for domes-
tic purposes. No bond bill has
passed or is likely to pass congress,
and in the two months ending with
Feb. l, the treasury actually lost
SCI. 900, 000 in gold, of which $40, 400, coo
went into circulation, and $26,S00,0G0
besides the product of the mines
went abroad To arrest this outgO
in either direction is a problem which
another issue of bonds may prob
ably solve. 1t is hoped that the
negotiations with foreign bankers
may secure some Improvement, al
though it is clear that sales Of Sc
curities here will have the same eff
feet as if the bonds were placed in
this country, and they may not be
stopped by the new transactions.
The condition of industries, if not
definitely better, at least presents
some
Points of EncOuragement.
No advance in the prices Of manu-
featured products indicates a better
demand. On the contrary, iron and
steel products have slightly declined
for the week and for the month, and
in comparison with prices of Octo-
Der, 1890, are but 54.1 per cent,
against 54.8 per cent Jan. 1. During
the week the demand has been
checked by the higher prices at
Pittsburg, so that Bessemer iron re-
coded a little, while structural prod
ucts, in spite of some large contracts,
are a shade lower. Some reductions
of wages are reported. in bar iron,
and the demand for rails does not in
crease. There is a,little better tone
at Philadelphia, and sales of pig are
quite heavy there, while at Chicago
things are brighter, pig iron is in
better demand and fair orders are
coming for bar but structural orders
are delayed by severe weather Tin
has been lifted a shade by specula-
ton, and lead is steady, but copper
is slow of sale and weak at SO cents
for lake.
In cotton goods there has been a
reduction in some brown sheetings,
while other qualities are moving
fairly at unchanged prices. The
general tone of the market, how
ever is not particularly encourag-
ing A large auction sale of silks re-
suited in lowering the prices about
10 per cent below the recent market,
or September prices.
In woolens the openings of the
finer grades for the heavyweight
season have brought some increase
in business, but not at satisfactory
prices, while the duplicate orders in
the light-weights are unusually
large. Sales of wool thus far this
year have been 17,3GS, 665 pounds do
mestic, against 1891 800 pounds last
year and 26,245, $50 in 1893, but of for
eign II, 03S, $50 against 1854, 300 last
year and 1861, $50 in 1S93 1t is no.
ticeable that sales of foreign wool
have not been materially larger this
year without duties than they were
in the same weeks Of 1898 and 1892
No Improvement in the prices of
farm products has resulted on the
somewhat active speculation during
the week, wheat being only LIE
higher than a week ago, with West
ern receipts only 792,931 blu, against
2,240,25f n last year, while exports