The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-03
BUSINESS Is BRISK
BRADSTREETes REPORT FOR THE
WEEK MAKES A DECIDEDLY
FAvORABI.n SHOWING
IRON AND STEEL IN DEMAND
Findiat Impossible to
Keep Up With, the Demand Upon
Them-cereaisi Have shown Rath-
er More Speculative Features
Many Cites Report Business Good
Failures forSWeek Light.

NEW YORK, June 2.-BradStreet to-
morrow will say: 9s Holiday observances
and warmer weather have worked toward
a smaller aggregate of speculative trans
actions. and less pronounced activity In
some liens of Wholesale trade this week.
while naturally stimulating retail bust
ness at most centers. point which Is
full OF interest to wholesalers, in view of
possible reassorting demand and new bus
mess for fall account. Current bank
clearings reflect the former influences in
considerably reduced totals for the week.
while cheerful advices as to trade in May
as whole are confirmed by very large
bank returns for that month. second only
in fact to the monthly totals Of January
and March, the latter holding the record
in this respect. re - -<''55.-
The effect Of the immense current Of in
dustrial activity and consumptlye demand
of cereals now as compared with q year
ago is found In the continued good In
creases In gross railroad earnings. Net re-
turns are, it is true. not quite SO rela-
lively favorable, but 1t must be remem-
bered that comparisons now arc with
specially good reports year ago.
Rather more speculative interest has
been observable In cereals. particularly
wheat, this week. A sharp advance oc-
Cured early on reiterated reports Of
damage to the winter wheat crop and less
favorable adviees from Russia and other
countries, but a reaction occurred later
on, thus pointing to the speculative po-
sition having temporarily been over
bought. Heavier shipments from North
western points are taken to indicate con-
fdence in a full yield of spring wheat.
Cotton has been rather dull, though
firm. Advices from many cities Of great
activity in building find confirmation in
the continued heavy demand for lumber.
building hardware and other materials
At Eastern markets lumber Is very gen.
orally active at wholesale, but scarcity Of
| material, and, in some cases, the higher
prices demanded are reported to have
checked operations at Philadelphia.
Wool is steady at Boston, holding ad-
vances made earlier, and cotton goods are
quiet but strong. Features at the West
are the strength of iron at Chicago, lum-
Der prices at the 1882 level, cattle active
at good prices and "a satisfactory summer
business In dry goods foreshadowed.
Satisfactory reports come from the
Northwest, where business and the crop
terial is reported active at Minneapolis
and Duluth.
Cereal reports to begin to show an I'M
provement Wheat. including -four ship
ments for the week, aggregate 1886, 065
bushels. against 3.15331s bushels last
week; 524S,0S6 bushels in the correspond
ing week of 1898. $3.50. O03 bushels in 1897,
3,209,S65 bushels in 1896, and 1901, 1853 BUSH
els in 1895. Since July /, this season, the
exports of wheat aggregate 212, O65, 1873
bushels. against ZIG, 145,Oe4 Bushels last
year. Corn exports for the week aggre-
gate. 3,s22,497 bushels. against 3.S45,s1s
bushels last week; 6,6O5. 42S bushels In this
week a year ago. 1896. 713 bushels in 1897,
1,62S, 314 bushels in 1895. and 1,149.51O bush
els in 1895. Since July l. this season, corn
exports aggregatss 156, SOC, 53s bushels,
against 1S1. 923. OF bushels during the same
period year ago. AZ good average bust
ness is doing in the Dominion Of Canada
Toronto reports trade retarded early in
the week by cold weather, but improved
later by warm weather
Failures for the week number only IS,
against % a week ago; Is in this week a
year ago, 81 in 1897, 20 in 1895 and 27 in
1895