St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-20

dullness. Wheat prospects are not
quite so good as last week, but still
good trade at lower prices, and corn and
cotton have beenlowered. The exports
of gold and the less favorable treasury
returns for July are not unexpected and
mean nothing as to coming business.
There is a perceptible decrease in the
demand for most manufactured prod
uctS and the actual distribution to
consumers naturally lessons in mid
summer. Much of the recent buying
was to anticipate a rise in prices, and
such purchases fall off when prices
have risen. There are still numerous
advances, but strikes grow more nu-
merous and important. In part, be-
cause business was unusually large in
the first half of July, quiet tone meets
reasonable expectations. The heavy
bank failure at Montreal does not af
feet finances here, and is passing there
with less disturbance than was feared.
Gold exports for the middle of July,
when crops are beginning to move, il
not meant to affect stocks, can, at
all events, only have a speculative
significance. Wheat has declined &c for
September, corn 11ac, and 11sc for Sep
TENDER cotton. Western receipts of
wheat not half of last years, express
appointment at prices, while exports
for the week, about a quarter of last
years and for three weeks only $685.
OPS bushels, flour included, as against
7,046, 267 last year, show that foreign
dealers are not regarding the situation
with anxiety. Nor do British accounts
indicate any anxiety about cotton. If
unfavorable to spectators, there are
cheering Indications, for it is better to
have fair crops than to get high prices
for what remains.
IRON AND STEEL BOOM.
Orders have so accumulated in iron
products that some works forego the
usual summer rest, and Eastern fur
naces are soon to begin to blast and
will add 5000 tons weekly to the pro-
duction. A few quotations have adj
vanced-gray forge and Eastern barb
ed, while Bessemer pig is a shade
weaker at Pittsburg; but the averages
of all prices is l per cent higher for the
week and 2S.3 per cent higher than Feb.
l. The strike of several thousand min
ers in the Marquette region may have
Important consequences. Producers
of non-Bessemer ore have sold largely
for the future at prices so low that
they cannot add to cost of production,
and other mines in the Northwest are
stronger, with sales of 100000 pounds
of copper up to II cents for lake, and
tin very firm in spite of a. large visible
supply. Wool advanced in the first
half of July an average of 1c for 104
quotations of domestic by Coates &
Bros, of Philadelphia, and is now
per cent higher than a year ago. Sales
naturally lessen, being 7,9S0,0OO pounds
for the week, against an average of
over 100000 pounds for each of the
two previous weeks, but prices are
sustained by German and French buy
ing in the London market. Manufac-
turers do not support the advance and
are buying only for immediate needs,
but holders, who have taken for weeks
past several times the quantity con-
Sumed, are stiff Cotton mills continue
to enjoy a large business and several
have advanced wages this week, but
some strikes of considerable import
ance are threatened or in progress.
The weaker tone for the material does
not as yet affect the prices of goods.
Failures for the week have been 256 in
the United States, against 236 last year,
and 80 in Canada, against A last year"