The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-02-04
: IMPROVED CONDITIONS
X. G. Dun & Co.'s Showing for tn
Month of January. 1Soo

" W. OuH * Co.s showing for the
Month of January, 1899.
NEW YORK, Feb. s.-R. G. Dun & Co.'S
weekly review of trade will say tomorrow:
Failures in January were smaller than In
any previous month except August 1898 and
july. 1897, and the proportion of solvent nav
ments to clearing house exchanges is smaller
than IN any other month of which record ex-
ISIS: In January they were but Sc centa nor
1900 clearing house payments. and tba
smallest in any previous months had been
about N0S per $1,000. The defaulted ltabili
Ties were N7N, Ss7: against 80. 451 51s last
year decrease OF .2e per cent. and IS pr
cent smaller than in 1897, 81 per cent smaller
tnan In 1886, 30 per cent smaller than in
1870, and ~ per cent smaller than In 1894.
est excepting August 1898. There were oniy
seven failure for $780, 900 or more. and ths
average OF liabilities per failure are smaller
s snan !, IN January OF any other year. and the
smaller IN average liabilities than in any
previous year. Considering that January is
usually one Of the largest months of the
well as encouraging.
The volume OF business in January has
been far beyond all precedent. Exchanges
through clearing houses have been A per
cent larger than last year and 597 per cent
larger than in 1892 and while speculation In
stocks at New York materially increased the
volume Of payments. it was larger outside
Is pertinent to note that the remarkable ex-
pansion In the aggregate Of business payments
comes in spite Of "a material decline in prices
payments of So, O0o, 900 would cover about as
1892
1t is not strange that Eurpean exchanges
are disturbed and alarmed and a rise In
sterling, even when gold is being shipped
this way, is one Of the interesting features
1t is commonly ascribed to recent sales of
take 10000 shares at ordinary prices to
cover one months merchandise balance.
Europe is not buying enough to cover ITS
accommodating excess Of merchandise exports
over imports.
The most remarkable feature Of the week
has been tho decline of cents in wheat,
With only half a cent in corn and only a
mate Of the wheat crop, $4,000. COO bushels,
had more influence than any ether from that
source for a number Of years. because 1t is
recognized as the result of great efforts to
get at the truth, and Is therefore considered
about the lowest estimate admissible. With
ordinary consumption and present exports OF
15o 600, 900 bushels from the crop of 1898, -four
bushels for replenishment Of stocks, for
farmers holdings and for export in the next
Ave months.
very strong market for cotton goods has
prevailed and prevents raw cotton from de-
clining. The advance in goods has been un-
usual, and has been sustained by heavy buy
Ing. especially OF print cloths and kindred
products. The prospect is that the outgo
will place dealers and manufacturers in
stronger positino THAN they have held for
years, with smaller stocks Of goods unsold.
market also, with some important grades
which were opened at great reduction in
prices recently advanced, which has stimu-
lated the demand for all grades.
Sales of wool have been fairly large, So
372 400 pounds for the year thus far, against
S. 5s2. 40 last year, 300 in 1897 and 28-
942, 500 in 1892. Philadelphia has made con-
others starting after long idleness..
The iron industry is advancing prices OF
products rather than Of materials. Pig has
remained without change this week, antio-
pating that six or seven furnaces will be put