St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-24
Trades VACATION
GENERAL BUSINESS SHOWING
IT'S NATURAL AUGUST
SHRINkAGE.
WHEAT EXPORTS LOWER.
LACK OF FOREIGN DEMAND
CHIEFLY RESPONSIBLE FOR
FALLING PRICES.
EETAL MARKETS KEEP RISING.
Heavy Purchases Advance Besse-
mer Half IL DolIar-COtton
Market More Active.

NEW YORK, Aug. 23.-R. G. Dun
& Co.'S weekly review of trade to-
morrow will say: 1.-THE volume of
business sllrinks, as is natural, in
August, and the shrinkage seems
rather larger than usual, because
transactions in July were somewhat
inflated for that month. Some in
dustries are doing more than ever
before in August, and the prospects
for fall trade are good in others, al
though much depends on the crops,
and the outcome is less clear than
spectators on either side are dis
posed to admit. Industrial troubles
have not entirely ceased, but during
the past week have become much
less threatening. The price of wheat
has fallen 334 cents during the week,
recovering a fraction on Thursday,
in spite of all efforts to hold back
supplies from farms and to encour-
age buying. Wheat ought to go
abroad freely at present prices, but
Atlantic exports flour included, have
been only 1,352, 500 bushels for the
week, against 1854, 764 last year, and
for four weeks only 4,S4S,632 bushels,
against 10,937,44 last year. impress
siVe stories of short crops abroad
have little weight in the presence
OF such record, and the abStention
OF foreign purchases proves more eff
fectlve than the withholding of
wheat by Western farmers. Nat
urally the 57-cent wheat of the Pa
clfic coast still goes forward freely
In place of the Atlantic supplies.
Corn has also declined Az cents,
while pork and lard, with accus-
toned inconsistency, rise a shade as
corn declines. Cotton has advanced
fraction to IT'S cents, without any
definite change in crop prospects.
and as usual the immense volume of
stocks carried over, in mills and
commercial hands here and abroad.
about 100000 bales American. is bv
most traders not appreciated.
( IRON STILL ADVANCES.
In iron, notwithstanding some I'M
easlness because the output has
greatly increased, heavy purchases
by two leading companies have adj
Vanced the price of Bessemer so
cents, and a new combina ton has
raised galvanized barbed wire to
Pl.SO, While combinations are being
formed in wire rods and common
wire, and advance in prices is ex-
pected. Other prices are unchanged
and the new orders for iron and steel
products are not at present large
In cotton goods the demand is ra-
ther more active as the price of the
raw material advances, but other.
wise the business has not materially
thanged, and the quotation for print
cloths is a shade lower this week
sales of wool are again smaller than
IN 1892, and for the month thus far
nave been 1884, 200 pounds, of which
''lzl'oOO pounds were domestic.
against l9,072,950 last year, of which
io'olo'5oo were domestic, and %, 361. AGO
N the same weeks Of 1892. of which
li,olo,SO0 We're domestic. But tho
speculative buyers still hold nricas
very stiff1y and are supported hv the
'rength of foreign markets. No
marked change appears in demand
Tor wooden goods, but there IS in
ereaslng apprehension shown nv
agents regarding the extensive sales
H foreign woolens. Failures for tho
week have been 222 in the Unite,
otates' against 234 last year, and 4s
IL canada against SO last year."