The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-11
BUSINESS HAS BEEN GOOD
MOVEMENTS OF MERCHANDISE
IS EQUAL TO EXPECTATIONS
Bradstreet,s Reports the Outlook
Encouraging Heavy Bank
CIearings, Large Railway Earn
ings and Increased ExpOrts-Re-
ductiOn In Pig Iron Offset by
Failure of Stocks to Accumulate.

ings and Increased ExpOrts-Re-
duction In Pig Iron Offset by
Failure of Stocks to Accumulate.
NEW YORK, June 1O.-Bradstreet
tomorrow will say:
Accompanying reports of a seasonable
Quieting down of the spring demand
for, and movement of, merchandise,
come proofs that the spring business Of
she year Of 1898, with a few notable ex-
Ceptions, has largely met expectations.
Particularly confirming this latter vi5W
of the case are the heavy totals Of
bank ciearings, large railway earnings,
heavy exports, total of failures well
down to the normal. and exceptional
SteadineSS in prizes following the no.
table advance registered some time ago.
Weak or lower prices for number Of
cereals during the past week, in the
face of a heavy export business. point
to the very good prospects for these
and other grains are influencing hold
ers towards parting with tn, ir stocks.
Statistics of pig iron production point
to a slight reduction in output during
the month just closed, due largely to
shut downs for repairs, but the failure
of stocks to accumulate gives proof
that the immense recent production has
been met by an equally large cOnSump-
tive demand.
The leading feature Of the week in
the iron trade has been the collapse Of
the so-called "gentIemen's agreement"
in the Southern iron industry and
prices are lower as consequence, but
an advance in BesSemer pig is taken
to indicate that the manufacturers are
getting in better shape to control the
output than for some time past.
The features of the iron and steel
trade are the numerous small orders,
amounting to fairly large aggregate
for immediate delivery, and the booking
of number of orders for the raw and
finished products for export but new
business on next seasons account does
rot come forward very quickly.
Following the little squirt In the de-
mand for raw wool, largely on army
orders, has come a perceptlbly less &C
tive demand for this staple at the East,
and the unsatisfactory conditions in
the manufacturing trades are reflected
in talk of curtailment of production.
The tone of cottonS remains fairly firm
and most makes of ginghams have been
advanced, but cuts in some makes Of
prints are announced to clear up stocks
Features of the price situation this
week are the steadinesS of nearly all
classes of groceries, of raw cotton and
prices of print cloths, and of hides,
leather and lumber, while decreases are
reported in the cereals, lard, pork, cop
per and steel rails.
Cereal exports are slightly smaller
than last week, but are still far above
the totals in the corresponding week
of previous years. Wheat exports this
week aggregate 4,730,9S2 bushels against
5,24S000 bushels last week, 100000
bushels in this week a year ago; 2,922,-
O0o bushels in 1896, and 1,781, 600 bushels
in 1896 Corn exports for the week are
4174,303 bushels against 6,605,007 BUSH
els last week; 1888, 600 bushels in this
week year ago; 1,636,000 bushels in
1896, and 655,000 bushels in 1895.
Business failures in the Dominion of
Canada this week number 26 against
81 last week, SO in this week a year ago,
80 in 1896 and q in 1895.