The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-04
ALL RECORDS BEATEN |.
r.. G. DUN & CO.'S REVIEW OF
TRADE MAKES A MOST FLAT
TERING SHOWING s4s
EXCESS is IN MILLIONS
mercial Reporting There Has
Been No Other Week in Which
the Reports From All Parts of
the Country Were as GoOd-FniI-
ures Not Alarming.

NEW YORK. March 3.-R. G. Dun &
Co.'S weekly review of trade will say
tomorrow:
The business of the past month was
the greatest ever known in February.
Clearing house exchanges were about
$!,000, 0OO,0 900, against 1857 $50, 844 last
year, and 54.2 larger than i'm 1892. In
all the years of weekly commercial
reporting there has been no other week
In which the reports from all parts of
the country have been on the whole so
good as they are this week. More
over, during the past week there has
been general advance in wages, i'm
mediate or prospective At most
points the advance of 10 per cent or
more was entirely voluntary. 1t has
averaged to 10 per cent In tin
plate works. and about 10 per cent in
other cases. and, as it affects much
over 1000 hands, it will add greatly
TO the purchasing power of the wage
earners.
THE return of failures in February.
While showing larger liabilities than
In January. are highly encouraging
A rather unusual number of large
failures in scattered branches Of man
fracture has Swelled the aggregate
including one concern for 81. 900, 900 in
electrical apparatus, but in nearly all
branches the statement indicates a
remarkably healthy condition, in spite
OF these failures, while in trading the
defaulted liabilities are smaller than
IN January or in any previous winter
month for six months
In prices the striking feature has
been the rapid advance in iron and
steel products, resulting from de-
mand greater than the works in the
country can supply. All the works of
q x:+1~
orders running to July and later. Be-
lated buyers have given life to con-
Germs long inactive and the markets
nave been entirely controlled by the
buying demand. All sorts Of prices
have been paid, some for early deliv-
cry and some for delivery after July l.,
but $3.50 is quoted for Bessemer pig
forge and in the East $1425
is quoted for anthracite No.
1. Prices of finished products have
also been advanced 81 per ton for
| Eastern and Western bars, plates and
structural forms, and So for wire nails.
The demand has not been checked, and
some heavy orders have been taken
! at all points, even at the highest
prices named, but the export business
| is likely to be stopped for the pres
| ent.
Holders Of wheat have been look
| ing for the report Of the agricultural
| department regarding stocks held by
| farmers. March /, but commercial re-
| ports indicate that such are larger
| than ever held at this date. They have
| to support them the Western receipts
from farms, which have been larger
than for past years in February; for
| four weeks 12,571 900 bushels, against
1O,0O4.6 900 bushels last year, while At
| lantic exports have been for four weeks
| 1887 ,629 bushels, against 9,878,63 last
| year. The Pacific exports have been
! sos, 1877 bushels for the week, against
| 640,923 last year, and from other ports
187,629 bushels have been shipped dur
ing the past week. Rarely If ever has
| there been as great a demand for
| grain at this season as now appears
the week, although corn has advanced
| ~ cent for spot, the receipts having
fallen off.
| 1.-The textile industries are making
| progress. There has been strong in
crease in the demand for cotton goods
| resulting in further advances In the
| price for some, while in WOODEN goods
a slight advance appears, notwith-
| standing a decline in the price of wool
| during February.
'sThe decline has not been general
in wool, nor has the advance in goods.
The heavyweight season has been dis
| appointing, and the manufacturers are
| willing to get on for the time as best
| they can, in hope that a larger demand
| will come from the clothiers little
| later.
| Failures for the week have been
| 1856 in the United States, against PSI
| last year; AZ in Canada, against 81 last
| year."