St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-12
DUN & CO.'S TRADE REVIEW
Shows an Accumulation Of
Stocks at Important
Centeps.
POOR WEATHER CONDITIONS
Have Much to Do With Unfa-
vorabIe Outlook, Says
BradStpeet.

NEW YORK, Jan. 11.-R. G. Dun &
Co.'S weekly review of trade, which
issues tomorrow, will say:
Neither the beginning of the new
year nor the failure of the currency bill
has brought any material change to
business as yet. The idea that business
would suddenly take new start after
the holidays has rather less foundation
even than usual. but the hope of
strong revival little later is still cher
ished by many There has not been
much time for change in the industries.
but differences observed since the year
began are not in the direction of higher
prices or larger demand. There are
more indications than OF late that stocks
of different kinds of goods have been
accommodating in consequence of past ill.,
crease of production.
The weekly output of pig iron Jan. l.
reckoning in some furnaces only tenn
porarily out of blast for the holidays or
repairs, was los, Ala tons. against 16S,
762 Dec. |, showing practically no change.
But the stocks OF uns0ld pig Increased
during the month about 10000 tons
weekly, so that the actual consumption
in the manufacture seems to have been
about 1886 tons weekly, against l57,
600 in November. In any case the in
dustry is doing vastly better than year
ago, when the output was less than
100000 tons, but the indications Of the
excess of the production over the de-
mand are found in the further weakness
of prices. Bessemer pig sells at sll.S0
at Philadelphia and steel bllletS at SIT;
grey forge at 1915 at Pittsburg, wire
nails at S215c and barbed wire at sl.S5,
other prices remaining as before about
the lowest Oh record. Low prices at
Pittsburg have checked business at the
West and are attributed by some to the
idea of purchasers that the recent re-
auctions in wages and cost OF materials
must be followed by
still Lower Prices.
But the main facti is that consumption
is below expectations. The cotton man
ufacture reports decreased demand.
with the print cloths down to 2.62 cents,
printed staples much demoralized and
lower; and wide SheetingS generally
reduced about ~ cents. Many quota
tons OF cotton goods are the lowest OH
CGcOTu, tIlS WCtk ) tIuuG Uci1S Quiic
unsatisfactory. Trade in woolens hesi-
tates because of the large distribution
from warehouses under new duties, but
little change appears in prices. and
heavy woolens are expected TO open at
about last years quotations. The de-
, mand for dress goods has been remark
ably satisfactory until within two
weeks, but has FALLEN off.
Sales Of wool, 1926, rs pounds, against
5,905. 800 two years ago, indicate hope
fulness among manufacturers.
Speculation i'll products has been
more active. Corn has risen 1870, and.
though receipts are but little over half
last years. the practical disappearance
OF the export demand, then large, counts
for about as much.
Little attention is paid to the governs
ment report that the yield was only
5,213, 000 900 bushels, and the advanced
statement for wheat, 462, 267. Ais bushels,
was treated as equally unimportant. AS
receipts of wheat have fallen to 1906
704 bushels. against ISIS, 5S2 last year,
and Atlantic exports have become larger
than year ago, the advance of 114c in
price is not surprising. Cotton is so
low that scarcely any reason is needed
for fractional recovery, but with
100000 bales already in sight and the
stocks abroad enormous, there is little
to cause much recovery.