The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-06
BUSINESS EXPECTED TO BOOM.
Impression Is That Delay and Hest
tatiOn Result From War;


NEW YORK, Aug. 5-R. G. Dun & Co.'S
weekly review of trade will say tomorrow:
Prospects of peace stimulate many kinds
of business In spite Of records, the impress
sion prevails that delay and hesitation have
legitimately resulted from war, and larger
contracts are in fact coming forward for iron
products, with a better general demand In
NEST industries. The volume Of payments
through all clearing houses was the large st
ever known in July. being per cent larger
than in 1882 for the month, and for the past
week III Der cent larger. Most Industrial
works have resumed after shorter vaca-
ton, with fewer participating than usual
few labor troubles will call attention to
the fact that the season has been remarkably
free from such hindrances
'In spite of promise Of 100000 600 blu of
wheat this years, the price is PIC higher
for the week. The disposition of farmers to
hold back their wheat for prices more like
ceipts So per cent smaller than last year. but
exports, including flour, were 3,641, CAT bu
and for five weeks of the crop year 12,474,S 8
blu against 9,S73, 1872 last year The visible
supply is extremely low. but exports at the
present rate throughout the year would nave
little power If the crop is above 300 OOO, 600 bu
more than home needs for seed and feed.
Corn exports for the week have been only
1,734, 347 bu against e. 725 900 last year. though
the price has scarcely declined.
Cotton is unchanged, and crop adyices
are so favorable that, with acreage not quite
half Of 1 per cent smaller than last year, some
expect 100000 bales larger. With all com
mercial and foreign mills stocks LOO, 900 bales
larger than year ago and American mill
stock also larger to an unknown extent, the
crop really foreshadowed cannot be consumed
without revolution in the worlds dema nd
for goods. rather better demand for staple
cotton goods does not relieve the oyerproduc-
ton in print cloths. and goods are prac-
ucally unchanged in price.
Stiffness In holders of wool and the New
England wool producers drifting this way
and largely refused, Indicate another attempt
to tire out the manufacturers, who are actu-
ally Offering for worsted wool "A &c below ask
ing price and buying scarcely any. Several
mills have closed for a time rather than nav
prices asked for wool
'The iron manufacture has nearly If not
quite. resumed it's full production except in
the valleys, where Bessemer producers ara
closing in turn under agreement to force
prices upwards. While there has been large
buying. one Pittsburg steel concern, with ali
its furnaces at work. taking 5000 tons more
the price there does not change as yet, nor
does local pig at Chicago, although with
much better buying one Southern concern
advanced its price Is cents Low phosphorus
pig has risen SOC at Pittsburg, with some
better demand, but unchanged prices for other
grades. The demand for rails includes BIDS
sale Of 1000 tons for Japan, and Eastern
sales Of 5000 tons for American houses 0O1
for Prince Edward Island next year and "a
600 deliverable in three years for Mexico.
Plates are in Unprecedented demand. both
East and West, and structural works are full
sections. Bars are so much stronger that
many mills refuse less than 81 for iron, strong
steel bars selling largely at 9Oc,
Failures for the week have been 196 in the