The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-24
FOREIGN BUYING
Perhaps the Most Prominent Feat-
Ure in Favorable Developments.
NEW YORK. Sept. 23.-Bradstreet's tomor-

row will say:
Favorable trade developments manifest
themselves, chiefly along the lines previous
ly noted. The Importance Of large ex-
port demand to the country's domestic inter
ests is illustrated by the improved tone and
prices of wheat and flour this week, grow
ing out of the better foreign buying induced
by less favorable Russian crop reports small
er shipments from that country and ap-
parently continued careful, selling by Ameri-
can producers. Raw cotton. on the other
hand, reflects probabilities of continued pIen-
tIfuf supply, and rather slow demand in
quotations, lower than the lowest point
reached IN the year of depression, 1894, when
a large yield was coincident with poor trade
industrial troubles and tight money. From
the west ana Northwest advices continue
largely IN the former cheerful strain. Some
lines at large markets, but the volume of
trade as whole is evidently equal to any
previous record; At the South low-prtced
cotton and yellow fever quarantine affect
trade adversely, improvement in one section
being ccunterbalanced by less favorable ad-
vices from others. Favorable conditions
on the Pacific coast are most numerOusIy
reported in the states of Oregon and Wash.
ington. Conservative management earlier in
the year, however, has resulted in fairly good
conditions in California where crops were
less favorable than further North and fail
ures are down to a minimum. At the East
the least favorable reports continue TO come
from the textile industries. Wool is quiet
ana manutacturers are not encouraged to
buy heavily in view CT the very moderate
trade in wooden goods. Cotton goods are
IN better distribution, but prices betray the
unsettfng influences Of low prices for the
raw material and print cloths are slightly
weaker.
Activity in iron and steel manufacture con-
cnues unabated, and similar conditions are
reported abroad. Talk of further moderate
advance in price has increased particularly
as this country, today, generally speaking
Is the cheapest market for iron and steel
IN the world. The export trade in pig iron
from southern points continues very heavy
ana another advance of % cents is reported
by some leading Southern concerns.
improved foreign demand for American
cereals Is shown in the enlarged volume Of
shipments this week Wheat, including flour
shipments, aggregate 4 SOL 1858 bushels, against
3,6I5,29l bushels last weeE 5,07S S25 bushels
IN the corresponding week of 1897, $3.50, 466
bushels in 1896, 3,151.907 bushels in 1895 and
z,5bZ,5OO bushels In 1894. Since July 1. this
year, exports OF wheat aggregate Al ,160, IA
Dusnels, against 5O310, 525 bushes last year.
Corn exports for the week aggregate 1885,
Z9O bushels, as against 1881, 005 bushels last
week, or. 142 bushels in this week one year
ago, 26lO,418 bushels in 1896, 800. 925 bushels
IN 1893, and lO4 600 bushels in 1894. Since
July L; this year, corn exports aggregate
$500 100 bushels, against .3S, 1893 991 bushels
during the same period of 1897.
business failures In the United States for
the week number 1S2. against lib last week,
but compared with 237 In this week a year
ago, 81 IN 1896 1913 in 1895 and 204 in 1890
Business failures in the Dominion of Canada
number 10, against 20 last week, 80 In this
week one year ago and "a in 1894.