The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-27
AGAINST BIG ODDS
TRADE HOLDING IT'S OWN I'm THU
FACE OFF ADVERSE CON-
DITIONS.
MANY DEPRESSING FACTORS
ONLY SMALL NET LOSSES IN SprTu
OF THE CUMULATIVE IN
FLUENCE.
MANY DEPRESSING FACTORS
CAPITAL HAS GREAT CONFIDENCE
Holders Less Disposed Every Dax
TO Throw Away Good Invest
ments Because of Panic.

NEW YORK, March 24-Dun e Co.'S
weekly review of trade tomorrow will
say: Rarely have markets sustained
such conditions as of late with SO little
loss. London and foreign conditions,
the collapse of the iron ore combina-
ton, the destructive floods in the Mis-.
slsslppi valley, and the decision of the
supreme court against railway associa-
lions nave been used to the utmost ex-
tent, but not even in railroads has this
result been important Were all asso.
Citations of railroads to cease it would
yet be in the power of capital control
ling important lines to stop vicious
rate-cutting if it chose. With conf
dence that better times and larger
business are coming, men are less dis
posed every day to throw away good
investments, and the very fact that
prices OF products are low is regarded
as q guarantee against much further
decline. In all industrials, also, the
number of mills and shops and hands
at work gradually increases
The grain markets have lost. without
reason, the gain they made, without
reason, the previous week Wheat sup
plies are running out, but nobody be-
lieves that there is a famine coming
before June, when the harvesting Of
Southern wheat will begin. Western
receipts were over a third smaller than
last year, and for four weeks have been
1911, 440 bushels, against IL 1874 20S last
year, but the better prospect for the
crop of winter wheat has more weight.
Atlantic exports, flour included, were
nearly as large for the week as last
year, and for four weeks have been
5,O99. 72S bushels, against $500, 220 BUSH
els last year Corn exports have been
12,76S,579 bushels against 4,577, 609 bush.
els last year. When Europe buys id
corn the equivalent of 6, 100000 bushelf
of wheat at less than Coo, the price OF
wheat is not easily advanced above
Soc
Cotton was helped upward an eighth
by the flood. but has lost half the
gain, although manufacturing Is more
hopeful. Without change in prices
goods were in better demand, and sales
of 100000 pieces Of print cloths result
ed in a stronger tone. Final dissolu-
ton Of the lake iron ore pool has been
expected ever since the Carnegie Rock.
efeller deal, and insures low prices
for ore the coming year, though per-
haps not lower than in 1895. Mesaba
facilities for production have vastly IN
creased, and all the great steel-makina
concerns have secured mines of their
own. while means of transportation
have greatly enlarged. With assurance
of cheap ore, hesitation about varioua
products should diminish, and the de-
mand is steadily increasing. Bars are
still denloralized and at the lowest
point, bat for plates, sheets, wire rods
and wire and all nails the demand IS
growing larger.
Speculation in wool has recorded Iarg-
er sales for weeks than ever before
46,605, 300 pounds, against 21,984576 in
the same weeks of 1892. Much more
than half is for speculation, as nothing
like the full capacity of the mills Is
employed. The wool market is steadily
increasing, but cautiously, as it Is too
early to anticipate results from changes
which may be made in duties.
Failures for the week have been 291
in the United States, against 259 last
year, and 80 in Canada, against SO
last year.