St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-31
IMPROVEMENT IN MARKETS AND
PRICES MORE MARKED
THAN EVER.
is THE GAIN TOO RAPID?
EXPECTATIONS OF. THE MOST
sANGUINE MORE THAN RE-
Allied.
GREAT ADVANCES IN METALS.
Anticipations of n Further EARLY
Rise in Iron and It's Prod
ucts.

: NEW YORK, Aug. 30-R. c. Dun
q Co.'s weekly trade review tomor-
row will say: Improvement in mar
kets and prices continues, and
whereas a few months ago every
body was nursing the faintest hopes
of recovery, it has now come to be
only a question, when, in alt
branches, if any, the rise in prices
and tone of business may go too
far. A strong conservative feeling
is finding expression, not as yet con-
trolling the markets or industries,
but warning against too rapid ex-
pansion and rise. In some directions
the advance in prices clearly checks
future business. But encouraging
features have great power. Exports
of gold continue, but are not by
syndicate deposits and are expected
to cease soon. Anxiety about the
monetary future no longer binders.
Crop prospects, except for cotton,
have somewhat improved during
the week. Important steps toward
reorganization Of great railroads
give hope to investors. Labor trou-
bles are for the moment less threat
ening, and some of Importance have
been definitely settled. The indus
tries are not only doing better than
anybody had expected, but are count
ing upon a great business for the
rest Of the year. The advance in
prices Of iron and it's product has
added about So per ton more in a
single week to the price of Bessemer
iron at Pittsburg, and yet the great
steel companies are buying wher-
ever they can, while the air is full
Of reports that this or that finished
product will further advance.
RISING TOO RAPIDLY.
Many of the ablest men deplore this
rapid rise, now that it may expose
some branches to foreign competition,
and urge that consumers can begin
to hesitate. But the various COM
binations which now control many
iron products have so successfully
lifted prices thus far, that the mark
cts seem to lack the restraint of in
dividual caution, and meanwhile
holders of large quantities, purchased
for future sale or delivery, want to
get all they can for them. The de-,
mand, whether on old or new large
orders, appears large enough to sus-
tain all advances yet made, and
strikes of ore handlers and Marquette
miners cause fear that supplies of
Bessemer ore may run short
Copper has been so far advanced
that large quantities of American, are
coming back from Europe, though the
price is held at 12A cents for lake.
Lead is still S3.521a, though the pro-
duction in the first half of 1895 was
1O5,970 tons, with increasing stocks
from 3,15S tons in January to 8,511
tons in July. Coke is demoralized
with sales of s1.1O per ton. Wool
has been speculatively hoisted, that
sales have fallen below last years,
in August 23,200, 400 pounds, of which
lO,9O2,90O were foreign, against 25,-
14S,e5O last year, Of which only 4,539,-
200 were foreign. The demand
for dress goods is still large, and
some cancellations of orders for for
elSn mems cloths are reported, be-
cause goods do not come up to sam
pies. At the same time the receipts
from abroad continue heavy and the
outcome is so far in doubt that man.
ufacturers are not buying beyond
their actual needs.
GREAT WHEAT PROSPECTS.
The prospect for wheat has hardly
improved this week, though the price
mas fallen &c. Western receipts have
decldedly increased, but are only 3. 9O5..
9U9 pu, against AIS, 29S blu last year, and
Aetiantlc exports are only l BE, 256 bu
dor the week, flour included, against
9 S,edSliS gu last year. In the past four
weeks Atlantic exports have been only
., 34o,5S9 bu,, against II, 701, 1853 blu last
year, and this alone is quite enough ia
explain the failure to maintain the SEN
satlonal advance in prices which soon
checked the outgo. Corn is coming
forward more freely, and the Septen.
per price has declined a quarter, with
the promise Of a great crop. Pork
ana lard are a. shade lower. Cotton is
rising + Sad as II there were no surplus OF
3 ~ ~ bales American carried over
10 Inc new crop year, which begins
with the next week. Whether exag,
gerated or not, reports of injury have
depressed traders and purchases in
t tnree Gays here, amounted to $4,000
and as there is no large supply Of
actual cotton available at this time
the market price can be easily moved
But II the yield Is as short as buyers
pelleve, 1t Is not good sign for the
dance Of old cotton in foreign markets
must hinder exports at high prices
during the very months in which
planters are forced to- sell most of their
product Already dispatches indicate
that the retail trade at many Southern
points is slack
=, FAILURES for the week have been 1S6
IN the United States, against 1876 last