The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-27
ST. PAUL GETS A MARK
ONE OF FIVE CITIES SHOWING
SPECIAL BUSINESS ACTIVITY
Hradstreet's Reports Trade Condi-
lions In the Main as Rejecting
Continuance of the Favorable
Features Hitherto Dominating
the business Situation in the
More Favored Sections,

NEW YORK, Aug. 26.-Bradstreets
tomorrow will say:
Business conditions in hte main re-
fleet the continuance Of most of the
favorable features hitherto dominating
the trade situation in the more favored
sections Of the country. Prominent in
this direction, of course, are the iron
and steel and allied industries, in which
active demand, present or prospective,
has led to further price advances, sus-
tanned and even increased activity In
distribution at most Western markets,
with some improvement likewise noted
at the South and on the Pacific coast,
SteadineSs in prices-wheat, corn and
cotton, however, excepted-a reduced
number Of business failures, fair gains
in railroad earnings, as a Whole, and
bank clearings, in spite Of a slight
reduction from last week, showing
heavy gains over all corresponding
periods in previous years.
The less favorable elements in the
situation are the reports of smaller
than expected trade at the Eastern
markets, more particularly in textile
lines, lower quotations and apparently
less active demand from abroad for
our cereal products and reduced prices
paid for the South's great staple, raw
cotton. Qualifying the latter might be
mentioned the fact that spring wheat
has apparently begun to move in the
Northwest and the promise Of large
yields in wheat and cotton alike has
tended to depress prices.
In the iron and steel trade the
strength developed has been notable,
and the confidence expected is striking,
in view Of the willingness Of new buy
ers to Immediately grant price de-
n8ands. The situation of the iron and
steel mills, however, with order books
filled for from thirty to sixty days
ahead, albeit much of this is at old
prices, is one Of aggressiveness and
numerous orders have been turned
down because OF time limits demanded
or set for delivery. Advanced quota
lions for Bessemer pig iron, steel bill
lets, lead, copper and spelter are fea-
lures of the week, and even tin plates
show a gain in prices after long
period Of depression. Less complaint
about rain is heard from the South,
and the quite satisfactory trade ac
counts from leading markets apparent
ly reflect the confidence in large yield
Of cotton, which has depressed prices
"A cent a pound.
Business failures in the United Statse
this week number 172, against 1876 last
week, and compare with 20 In this
week a year ago, 800 in 1896, 100 in
1856, and ~ in 1894.
The feature of demand at Western
markets this week has been the inquiry
from jobbers of dry goods, clothing and
boots and shoes, special activity being
noted at Chicago, St Louis, st. aPul,
Louisville and Omaha.
Wheat shipments for the week, in
Guiding -four, aggregate 1858, 476 bush
els, as against 3,9S8,S48 bushels last
week, 5,149,653 bushels in the CORE
spending week Of 1897, 3,271,S54 bushels
in 1895, 1871 1928 bushels in 1895, and
3,420 600 bushels in 1894 Since July l,
this year. the exports of wheat aggre-
gate %, 706,552 bushels. against 26,5Sl 1893
bushels during the same period last
year. Corn exports for the week ag-
gregate 2,64S, 1888 bushels, against 1885,
O21 bushels last week, 2,6S3. 452 bushels
in this week of last year, 2,610, 800 bush
els in 1896, LIZA $50 bushels in 1895, and
11e 600 bushels in 1894. Since July l,
this wear. exports of corn aggregate
%. ST. 001 bushels, against 22,36S,S45
bushels last year.
Hot weather has checked distribu-
ton in Canada this week, but Mon
treal reports an improved distribution
in groceries, cheese exports heavy and
prices moving upward, while Toronto
looks for a large trade the coming
week as a result of the exposition at
that city. Business failures in the
Dominion this week number q, against
&c last week, 20 in this week year
ago, 81 in 1895, and AZ In 1895.