The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-01

Eastern and Middle States Are Now
Enjoying the Bulk of the HUSH
ness BcinG Done - Comparisons
Must Necessarily he Made with
Particularly FavOrabIy COndi-
tions One Year Ago.
NEW YORK. Sept. 3O.-Bradstreet's will
say: Though rather Quieter conditions are
repOr.able in a number of lines OF trade,
the volume of business doing the country
over is very heavy, slightly smaller. far
as bank cearngs would indicate. than than
in September a year ago, but comparing very
faVOrab.y with corresponding periods IN all
preceding years. While the edge appears
to have been taken off the active demand
for some time noted in the West and North
west, and the imposition of yellow fever
guarantees and the low price of cotton in
the South. have hurt trade in that section,
there have been, on the other hand rather
better reports received from the leading East
ern and middle state cities, pointing to a
fuller development OF the long expected fall
trade. accompanying this Slight shifting Of
activity from one seciln of the country to
the other has been continued heavy export
m0Nement OF leading cereals, unprecedented
activity In the manufacture OF nearly al
lines OF iron and steel and continued good
rep0r.s as to gross railway earnings COM
PARSONS in this respect it being remembered
being made with particularly favorable con-
ditions one year ago.
HdlHeT less pronounced strength is no.
tceab-e in the price situation. Wheat, af er
quite a heavy bulge early in the week on
undoubtedly good export demand, foreign
buying and nervousness OF September shorts
has quieted down slightly and prices are a
Few cents lower on the week, the result
mainly of increased deliveries BY farmers
taking advantage Of the tempting premium
existing for cash wheat.
Wheat including -four shipments for the
week aggregate $40 bu against 5O24 927
bu last week; 1884 246 bu in this week one
year ago, 4.2l5,794 bu in 1895. 2.613 SOC blu in
1895 and 3,243 100 bu in 1894. Since July /
the years exports of wheat aggregate As
S9I bu, against Sc 144.71 bu during the
same period of 1897. Corn exports for the
week aggregate ,5S0.076 blu, as against
2,626,2SO bu last week los 6U1 blu in the
corresponding week CT 1897, 1856, COS Blu in
1896, 13S3.754 bu in 1895 and 98 600 bu in
1891. Since July l, this year, corn exports
aggregate 1884, 4 blu, against Al, sos, 592 bu
last year
Business failures for the third quarter of
1898, as reported TO Bradstreets, were the
smallest for at leas. six years past but be-
cause or one very large failure in September
the Liabilities are larger than one year ago.
Of failures is 855 70 per cent 'o fewer tbap
1897 and q per cent smaller than in 1896.
{hn19,u;gh ~ per cent larger than in 1892. LA
Dlltes involved aggregate S102, 49,, 8S7, 10 per
cent smaller than last year 40 per cent
smaller than In 1895 and SO per cent smaller
t565 IN 1881. but 30 per cent ,arger than in
1892. Failures in the Dominion of Canada
Tor the nine months number 1O91, with ag-
gregate liabilities of 1882 $40, a decrease OF
IN liabilities from last year, and are the
smallest alike in number and in liabilities
involved for any year for at least ten years.
NEW YORK, Sept SO.-Dun & Co.'S review
will say:
Failures in September have bean about e. :
IgO'VOO and for the quarter, about $22, S75, 90
NO report covering the exact month or quar-
ter Is possible this week fer a .urlaI which
must 90 to press on Friday the Goth bur
the returns indicate a smaller aggregate of
failures that in any other month in MANY
years except in August of this year, and
smaller for the quarter than in any other
quarter since 1882 In fact exce Dtii n
one quarter in that year NO other aDDears to
nave shown smaller aggregate unless more
IMAM ten years ago when the volume of
seIVent business was very much smaller than
II Is now. Evidently the complete returns 10
oS sven next week VIII show that the state
o. business is IN that respect more salts
factory t~an it has ever been unless in e
quarter OF 1892 Changes are all fer the
oetter excepting the fan Of cotton to the
lowest point for fifty years and even the low
Sst price OF 1873, cOnside ing difference of
9uanues, were perhaps not lower than prices
inns week. II there We're not Oh hand cam
merclai and mill stocks unusually large Or
II manu-. icturlng was more successful early
ffe1g,oYSry m g"t seem probable, but the heavy
IAN IN material has affected the demand for
gcCds, causing buyers to expect StiI lower
prices for them. although af,e the decline
Iast week. goods now average lower than
ever before.
While the s;agnation in wool continges
WIN sales even smaller than in the same
mills nave started temporarily in order to
g@t out sample Irices. ThCre has Feen no
quot1ble decline in wool and rcay any in
goods. the rec Mt reduction having Stimulated
a larger demand. The demand for boots and
sACeS seem somewhat better and record
shipments have been larger than in Sen
TEMPER OF any year reviOuS, except the last
ana larger than in any other year from jan
TO date. In the minor metals but slight
weakness IN tin and lead does not indicate
S.il.,tS' coHS ulipuot, W4lle copper Is Stro3g
at l214c Tor lake, and spelter strong at S43lla
tn plates unchanged ia spite oS the enormous
increase IN production, though the dasi to
push smaller works into the consolidation
which now commands IA mills is sid tn
threaten temporary decline. With pig iron
nFn every W4ere, in spite of the ex.raordin-
airy output, and Bessemer held at $40 40 at
FlttSburg, while valley producers reEort 236
tons sold for delivery before Juno nayt mo
consumption is evidently growing The wells
reported contracts include one for IL 900 IONS
PIPE from basic steel by the Standard Oil
company. material for 1900 cars ordered hv
the pennsylvania structural work for manv
ordinary and two large buildings ard heavy
orders for plates, partly for two lake vessels
ana partly for Eastern shipyards, which have
larger business than ever. The demand for
IRON bars, owing TO increased use of steel, is
IN some quarters below expectation and shin
ments are less active at Pittsburg though the
mills are full of orders. Rail producers
are negotiating new compact and the usual
Eastern price, SIS, is said to be shaded in
some quarters while it IS pending But car
locomotive, bridge and structural work is
n
decrease in the demand. -
Failures for the week have ben 195 in the
United States, against 1874 last year. and II
in Canada, against 81 last year.
NEW YORK, Sept. SO.-Bradstreet's
financial review tomorrow will say:
Attention has again been conferred unon
inc industrial stocks, heavy dscline in
American Tobacco being the disturbing fac
tor in the weeks speculation Money has
ceased 10 be source Of anxiety, the arrival
or gold from Europe and the fact that taa
treasury disbursements are once moro ex
ceedlng It's receipts resulting in freer offer
1ngs and easier rates for time and call loans
Whlle the European markets showed symn-
toms Of alarm over the political outlo5l,
In France, in China and in Egypt London
has, nevertheless, been on the whole a huver
Of Americans particularly of the Pacific
railroad stocks. Exchange was strnnper
early in the week, but though further IaTee
gold engagements are announced, over $500
QUO specie was taken in London during the
week for American account and there are also
rumors of gold shipments from Australia to
satisfy. The only positively unfavorable de-
Yelopments in the situation are that the
August net earnings Of certain raj ,roids make
an unfavorable comparison with their figures
the year before when wheat was moving
freely to market under the stimulus of higb
prices, and the alleged uncertainty caused nv
the approaching elections for new congress
before which the currency question IN: ght he
the subject of agitation. All of these mat
ters nave Tor the greater part Of the past
week been subCe dinate to the fact that rTobac
co stocks have had a violent breaT, from 11o
to 125 in the face Of pracU1cal complexion Of
the plan FOR a union Of leading plug tobacco
manufacturers, in which the American Tobac-
co company IS an Interested party. Sugar has