The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-22
THE TRADE VOLUME REMARkA-
BILE FOR THIS SEASON OF
THE YEAR.
ACTIVITY IN THE INDUSTRIES.
PROSPECTS BETTER THAN FOR
ANY YEAR OF WHICHrA REC
ORD EXISTS
PRICES FOR THE STAPLES STEADY
Unprecedented Production of Pig
iron balanced by IN Extraordin-
airy Demand Tor sPrGducts.

NEW YORK, Jan. 21-Dun e. co g
weekly review of trade will say tomor-
row: With volume of business re-
markable for the time of years. per
cent larger than a year ago and 1O4
per cent larger than in. 1892 in nav
ments through clearing houses-it is
not dfscouraging that one or two indus
tries are tagging. The demand for most
goods is heavy for the season. MANN
| featuring works are better empIoved
and prospects for the future are more
encouraging than at this season in anv
other year of which equally definite
| records exist. Exports of products con-
tinue surprisingly heavy, in spite of a
rise in prices. Treasury receipts from,
customs were larger In twenty DAYS Of
January than in the entire month of
| October or November and apprehen-
sion regarding the monetary future is
no longer felt outside of speculative
circles. Failures are considerably small
er than ever before known at this sea-
son, both banking and trading being
less than half last years. Railroad
earnings in January thus far reported
have been 17.6 per cent larger than last
year and 1913 per cent larger than in
1892.
The rise of wheat above a dollar in
regular sales was not accompanied by
signs of speculative excitement. In
fact, the continuance of extraordinary
exports, 2,943,7 05 bushels, -four includ-
ed, for the week from Atlantic ports
against 1873, 215 last year, and for
three weeks, 1902, 493 bushels, against
5,559, 532 last year. besides 4036 $40 from
Pacific ports for three weeks would
give excuse for higher prices, even if
the corn exports were not enough to
suggest great foreign demand, amount
ing to 9,270,1S9 bushels, against 1O,774.-
293 for three weeks. The fact that car
goes Of corn were shipped during the
week to Egypt and Russia, the very
countries upon which Europe most re-
lies for breadstuffs next to the United
States. affected trade not unreasona-
bly,.
Just when the unprecedented produce
uon OF pig iron was causing weakness
extraordinary demand for finished
products appears. For this season at
least, the general demand is beyond
precedent. The great strike of opera
t1VeS in cotton mills of New England
seems as convenient to mill owners.
with their heavy stocks unsold, as If
they had ordered it. Probably it will
last long enough to work off stocks
and the print cloth market is already
about 1 per cent stronger, while a slight
advance is noted in some other cotton
goods, with very stagnant markets for
wool. The mills have taken satisfac-
tory orders for such goods, probably
not without knowing where they could
get the wool, and the goods movement
is distinctly encouraging, though quo
tations of the higher priced heavy
weights are still deferred. But a very
heavy business for the coming season
is already assured, according to relia-
BILE accounts entitled to confidence.
Failures for the week have been 374
in the United States, against 400 last
year, and 90 in Canada, against 60
last year