The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-02
BUSINESS is ACTIVE
THIS IN THE FACE OF PRICES THAT
SHOULD CHECK THE DEMAND
MATERIALLY
APPLIES TO ALL BRANCHES
Low Prices for Wheat, Corn and
Oats Indicate Speculative Liqui-
dalton by Tired Holders, Says
Bradstreet's Weekly Review of
Trade COnditiOns-Busine Fail
ures for Week Were Small.


NEW YORK, Sept. 1-Bradstreet's re-
view will say: With an exceptionally
heavy business already booked for the
latter portion Of the year, the mercantile
community faces the trade situation with
confidence, testified to by generally firm
prices, and with quotations in a number
of lines showing further marked adj
vances. The most conspicuous exception
to this is found in cereals, which arc
weak and declining. Lower prices for
wheat, corn and oats point to speculative
liquidation of tired holders, who, with
confidence in the future Of prices, have
weakened under unsatisfactory foreign
demand, larger receipts and the near APP
proach of expected heavier crop move
ment. Corn receipts, though less rosy,
still point to a full yield. Most staples
are either firmly held or evince decided
progress upward, notable in this latter
respect being iron and steel of all kinds,
but particularly pig iron, which now is
the center of trade interests, owing to
heavy demand, particularly for foundry.
at advanced prices. Trade reports would
seem to indicate that a good part of the
productive capacity of the country is al
ready engaged for the first half Of 1900.
Sympathetic strength is eV1nced by
other classes of material, among the ma
terials advancing this week being bar
iron at nearly all markets, steel billets,
rolled iron and STEEL tin plate and nails.
Lumber retains all its old activity, and
in some lines manifests new strength as
regards prices.
The refined sugar war apparently still
continues, one result being the stimula-
ton of consumption to a notable eX-
tent. A good business is doing in tobacco
at most markets, special activity being
reported from manufacturing centers in
Florida, whence it is reported that the
next Cuban crop will be a very large
one.
In industrial lines the situation is re-
ported very satisfactory. Employment Is
general, and strikes and labor troubles
generally conspicuous by their absence.
Wheat, including flour, shipments for
the week aggregate 3,613,413 bushels,
against 1918, S25 bushels last week, $685., O40
bushels in the corresponding week OF
1898, $685. 47 bushels in 1897, 1888, 862 BUSH
els in 1896 and $3.50, PSI in 1895. Since July
/ this season the exports of wheat aggre
gate 33,122,337 bushels, against 29,593592
bushels last year and 32,S51, PAS bushels in
1S97-9S Corn exports for the week ag
gregate 4,167,S6S bushels, against 4,5SO,097
bushels last week, 700 bushels in this
week a year ago, 3,1S5,O64 bushels in 1887,
2527, 561 bushels in 1896 and 1,405,570 BUSH
els in 1895 Since July l. this season. corn
exports aggregate 41,290,916 bushels,
against "a, 53S, 1913 bushels during the same
period a year ago and %, 593, 1853 bushels in
1S97-9S
Business failures for the week are the
Tod f0Y4 n jJl1a
bering only 131, as compared with 154 last
week, 164 in this week a year ago, 1913 in
1897, 336 in 1896 and 1874 in 1885, Business
failures in the dominion Of Canada num-
Der twenty-five, as compared with TWEEN
ty-three last week and in this week a
year ago, thirty in 1897 and in 1896 and
thirty-three in 1895.