The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-05


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NEW YORK, Nov. 4-Dun & Co.'s weekly
review of trade will say tomorrow: mot
even the election has disturbed business or in
dustries the financial side this week. AL
though many are doubtless waiting the
votes before borrowing. the volume OF bust
ness through clearing houses Is SD per cent
larger than last year, and LA per cent larger
than in 1892 Failure returns from October
are curiouslY puzzling because, while the
small failures compare remarkably we'll with
those OF previous years, and also the failures
OF 100000 or more IN about two-thlrds OF the
business classes. there were failures IN
few branches not due to prevailing business
conditions. which made the aggregate Sill
COO 600, but neither the Sawyer wool failures
nor others, excepting, perhaps, sewing ma
chinery and boots and SHOES and leather,
indicate difficulties beyond those OF the par
tcular concerns failing.
Neither the volume of business nor the
value of manufactured products diminished.
While Bessemer pig is sold against the COM
bination at Pittsburg 10c lower, with other
iron trade elsewhere steady, the general DE-
mand crowds closely on the production Bill
lets and steel bars, are shade lower, and
prices of steel rails have been Withdrawn.
In sDite of the season new structular orders
are very satisfactory.
'sWooi holders at Boston have discovered
the falisity of reports which they have long
believed about the available stocks in TIL
believed about the available stocks in this
country, and have begun selling largely at
concessions ssid to be several cents per
pound. The weeks sales at the three chief
markets were TO- 49, 400 pounds, against o.
957 1902 pounds last year and is, 561, 600 pounds
in 1896: but only S2l5, 600 pounds in 1892. The
cheering evidence is that the large manufac-
lures are now buying, confident that with
some reduction in the cost of material the
business will pay. The demand Tor GOODS that
have been somewhat better with a decline in
prices during the past week. show dispo-
sition to advance prices.
'"The cotton mills are helped little by the
combination to restrict production at Fall
River. Cotton is again at the lowest price
ever known, 5.16c Spot while Mr.. NELL esti-
mates crop of II, 10000 bales, besides large
stocks brought over both here and abroad.
Failures for the week have been 1914 In the
United States. against ZIG last year, and %
In Canada, against 80 last year."
NEW YORK, Nov 4.-Bradstreet's tomor-
row will say;
Further Quieting down of new business in
iron and steel the relapse into dullness,
though at steady prices, of wheat, conse-
quent upon the withdrawal of the excited
foreign demand and some slight Increase
of quiet in general trade. chiefly at the
South as result of the approach of the
elections, are all features calling for special
mention this week. Among the more az
lively favorable features are the price stead
mess displayed by most staple articles ana
the enlarged distribution Of staple goods at
many Western and Southern markets, as the
result of improved weather and removal OF
QuardnIneS. Oh LuS Huilc Ia
vorable reports as to general trade during
October are the returns Of bank cle3rings
for that month, and scattered reports as to
the increased business doing at many GEN.
tiers in that month as compared with che
year ago. Export statistics Of grain, too,
are beginning to show that an ample basis
for the stories of heavy foreign buying really
existed exports this week being the heaviest
on record.
Wheat has been duller. but steady, on un-
certainty as to possible foreign political ccm-
0ffca QaiT1 in T00nV 70
ment from producers. The current demand
and output of flour has continued to equal
and even exceed all previous records. Wheat,
inc Guiding -four shipments for the week ag-
gregate 6.703 CAB blu, against 5,560,991 bu last
week; $3.50, 1913 blu in the corresponding week
Of 1897; 3.472.976 blu in 1895; 2,506,617 blu in
1885, ard 9. 500 1913 blu in 1894. Since July 1,
this year, the exports of wheat aggregate
70 545 52S blu, against SO, g74, C92 Blu last year
Corn exports for the week aggregate 35S6,640
bu, against 2,424,376 blu last week; 2199, SO
bu in this week a year ago; 2,247.643 blu in
1896; ,225, 470 blu in 1895, and 1874 bu in
1894 Since July !, this year, corn exports
aggregate 50,345450 blu. against 5O,SO9, l04 bu
during the same period year ago.
Business failures during this week num-
Der 1873, against 219 last week; 228 in tn $
week year ago and in 1886, 260 In 1885, ard
minion of Canada for the week number 81,
against % last week; 81 In this week a year
ago; so in 1896; SO in 1895, and "a in 1894.
review tomorrow will say: 'Irregularity and
dullness have again prevailed In the market
this week. In its early part the tone OF spec
ulat'on was depressed, in sympathy with the
disturbed state of the foreign markets, and
the fears of an European war. Later on a
more pacific aspect of affairs and an i'm
proyement In the London market had its eff
feet here and was the apparent cause of the
rallying tendency in prices which made its
appearance on Thursday. Some attention has
also been paid to our own elections next
Tuesday, though the principal influence which
they appear to exert is to keep the public
out of the street for the time being.
So far as events on this side are concerned
the developments of the week have been
favorable. Railway earnings continue to make
a favorable impression and the declaring of
dividends on American Cotton Oil common
and on Glucose Sugar common, are taken
as evidences of the progress being made by
large Industrial corporations. The bond mar
ket has been comparatively active. Through
out the week stocks have apparently found
purchasers at consessiors, while sellers have
been mostly traders, and their offerings short
stock. TIE undertone Of the market has been
good, ard the ease Of money has contributed
largely to the indspostion of holders to part
with their securities