The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-12
TRADE is IMPROVING
OUTLOOK WAS NEVER BRIGHTER
FOR ALL BRANCHES OF
AMERICAN TRADE
CONFIDENCE IS RESTORED
Significant Growth of Orders for
Iron Products, Always the Bar
Onaeter OF Business-Cereai Mar
kets Have Been Steadily Held,
Despite Many Attacks Upon
Frices-C1earings satisfactory.

NEW YORK. Nov. u.-Bradstreet's tomor-
row will say:
While the influence of the elections and
uEfavorabie weather has been such as to
temporarily reduce the volume OF current
trade, the innate strength of the general
factory reports received as TO bank clear
ings, railway earnings, prices, ard other
measures of business development AS is
well known, for some. time past the iron
trade has been rather bare OF new business,
ana the desire to see the elections over bsfoEe
new contracts were made had been frequently
expressed 1t Is expected. therefore, as a
significant feature, this week more inquiry
is TO be reported fer pig iron and although
orders are not yet numerous, this fact
itself IS an encouraging feature. particularly
as further gain in production during 0c-
tober Is reported. In the steel trade there Ia
rather more anxiety for new business and
some price shading to secure 1t is reported
The mainstay OF the allied indu stries at
present Is undoubtedly the immense export
demand, which is taxing the available freight
room capacity TO accommodate, and with the
strength abroad is likely to furnish a needful
outlet the coming winter The steel "a
commission is sill in progress of arrange
ment, joint selling agency is outlined ard
reports are even heard of $50 per ton having
been fixed as the price for 1899. SimultaHe-
ously comes the report again OF the compile
ton OF the tin plate combination, which is
expected 70 control practically the entire out
put of the country.
held, notwithstanding war talk and the ae-
tive foreign demand pointing 10 the strength
OF the statistical position of most grains.
Spot cotton has been unchanged On good do
mestio and foreign demand, but quotations OF
futures have been affected rather unfavorably
by the growing belief in American immense
yield. Estimates pointing to yield J. 900 COO
bu below last year are practically ignored.
The sugar war goes on merFily, and indie
pendent refinery has started the margin
between raw and refined is now only .41c
against msrgin before the fight began of
nearly ,s2e.
Wheat. including -four shipments for the
week aggregate S.647. 500 bu, against 6,773 64S
bu last week: 5.445.542 bu in the correspond
ing week OF 1897: 4,6e4.515 bu IN 1896: 1925,
OPS bu In 1895, and 2,909. 725 bu In 1884, Since
July l. this year, the exports of wheat ag-
gregate T7.220,2l6 blu against ss,S19,6S4 bu
las; year. Corn exports for the week sg-
gregate 2. 142, 746 Blu against 1885, $40 bu last
week; 1851 $40 bu in this week a year ago
3, 7s2. oS6 bu in 1895; 1884. 41S bu in 1895 and
I9T, Sl3 Blu in 1894. Since July l this year
corn exports aggreg gate 80. 4Ss, 1875 bu against
$3.50, $50 bu during the same period a year
ago.
Business failures in the United States this
week number lS7, against 1888 last week: 25S
IN this week a year ago: 25S in 1895: 279 IN
1885. and $50 In 1894. Business failures in the
Dominion of Canada this week number 3d. as
against last week; 80 in this week a year
ago; Al in 1896; 40 in 1885, and 80 in 1884