The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-28
OUTLOOK Is BRIGHT
BRADSTREET,s SUMMING UP OF
RECENT WAVE OF SPECULA-
TIVE DEALING
STAPLES MAY COME NEXT
of the Past Week Will BE Ex-
tended to All Lines Of Trade
Prices Being Well Maintained-
Coal Miners Wage Agreement
Favorable Sign.

NEW YORK, Jan. 27.-Bradstreet's
tomorrow will say: The apparently
steady rise in the tide Of general bust
ness has been diversified this week by
an outburst of speculative interest in
number Of staples, notably cotton and
wheat. which heretofore have register
ca steady gains on actual consumptive
uemand, rather than on the develop
ment Of marked bullish speculation.
Large transactions and buoyant prices
have been features in these staples. and
signs are not wanting that sympathetic
though smaller movements in a num-
Der or other lines are either under way
or contemplated. Exceptional indus
trial activity. particularly in the iron
and steel trades. Is another feature Of
note and here. too, price advances are
all but general. rejecting, so far as
can be seen. chiefly the urgency of con-
sumers requirements, the claim, in
TACT being made that speculation has
not as yet entered into the buying in
this branch Of industry The same
claim. however. can hardly be made as
regards a number of movements to-
ward consolidation in this and other
industries. where. in fact, the move
ment toward combination is desired as
approaching a virtual craze. In the
regular channels of distributive trade.
conditions continue in the main salts
factory. the volume Of spring orders at
most markets being unprecedented
compared with any preceding year at
this time.
While it is hardly possible to fix the
entire responsibility for the bullishness
In wheat and cotton upon the move
ment which 50 far has proved so sue
ceSsful in stocks, the claim is freely
made that considerable profits realized
in the stock market have sought
expression in the channels Of
stape food and textile distribu-
ton. Color is given to this
claim by the fact that the situation in
actual wheat shows but little change
from recent weeks. 1t is true that the
tendency to pare down alleged official
estimates of Russian crops and some
weather reports from the West have
been more encouraging to the holders
of actual wheat, but the magnitude of
the outburst. Of new buying, shared in
by former persistent shorts in wheat,
alone hardly explain the activity in this
market, which has resulted in the high
est prices reached since the collapse
of the Letter deal.
Activity in demand for nearly all
classes Of iron and steel is reflected in
advances for nearly every class of pig
iron and in steel billets, rails, wire and
plates. Announcements Of g. large
number Of consultations and COM
binations projected or under way are
also a feature. In the domain of other
metals, notably copper and tin, specu-
lation and heavy demand alike make
for higher prices.
Wool, although firm, is slow Of sale,
ard finished products, with the posi-
BILE exception Of dress Woolens. do not
move as freely as hoped for, a feature
this week, in fact, being the very low
prices announced by som manufac-
turers. General industry Is reported
active, notably soft coal mining and
ship building.
Wheat, including flour, shipments
for the week, aggregate 1897 ,552 bush
els, against 5,198,671 bushels last week;
5.026,014 bushels in the corresponding
2.550,206 bushels in 1885, and 2,483, 1858
bushels in 1895. Since July 1, this sea-
son. the exports Of wheat aggregate
144,322,2 POI bushels, against LAG, 494, $3.50
bushels. last year. Corn exports for the
week aggregate 3,695,733 bushels,
against 2,928,191 bushels last week,
A. 962,559 bushels in this week a year
ago; SOL, SOP bushels In 1897; 3,197, O86
bushels in 1896, and 942, 461 bushels in
1895. Since July 1, this season, corn
exports aggregate 95,715,923 bushels,
during the same period a year ago.
Business failures are fewer in num-
Der aggregating 246 against 262 last
week. 2SS in this week year ago. 1926
in 1897, 1893 in 1896, and 312 in 1895. Bust
ness failures for the Dominion of Can
ada for the week number 80, against 30
last week, 40 in this week a year ago. Sc
In 1897, 63 in 1896, and IS in 1895.