The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-09
TRADE OUTLOOK GOOD
BUSINESS sky Is STILL WITHOUT
A WARNING CLOUD TO MAR
THE SITUATION
NO DIsQUIETING FEATURES
the TransvaaI the Bank OF Eng
land Shows No Evidences of FL
nanciaI Alarm, Which Has n
Strengthening Effect On American
Trnde-fron Industry Brisk.

NEW YORK. Sept. S.-R. G. Dun &
Co.'S weekly review Of trade tomorrow
will say:
1.-The sky Is still cloudless and no dis
quieting change has come during the
week. In spite Of more warlike news
about South Africa the Bank Of Eng
land behaves as If the worst possible
had been fully provided for. and this
country has no reason to fear trouble
from that source unless English markets
have so overloaded themselves as to need
help. The marketing of domestic prod
ucts, both farm and manufactured, con-
tinues surprisingly large for the season.
The new possessions, taken together, are
returning in revenue already more than
it costs to clean and govern them. The
West and South still behave as If 1t
would be impertinent for New York to
offer money for crop moving, and are
still bidding for commercial loans here.
Failures are few, strikes scarce, and
readily settled, and the passage Of Sep
TENDER 1 without pressure means reason
able safety for months ahead.
Cotton has risen SIS since annual re-
ports. regardless Of these, and owing to
bad accounts from Texas. The crop Of
1898, according to the Financial Chroni-
Gle, was II, 235, 1888 bales, against II, lS0,s69
in 1897. Southern consumption, 1,400, 026
bales, and Northern spinners takings
2,a47,072, and stocks on hand at the end
of the crop year 3922SO bales, with
$500, $50 bales visible and invisible carr
ried over in all countries. These figures
fully support estimates that a smaller
crop than is probable this year will suf-
fee, but the market just now declines
to consider anything except that South
ern reports indicate much reduced yield
this year The market for goods Is re-
markably strong this week and previous
prices are fully sustained.
etAfter a sharp decline wheat has risen
a quarter cent this week, with Atlantic
exports 2,s00,966 bushels, flour included,
against 1925, 100 last year, and Pacific
exports 1854 256, against 1882 last year.
Corn has also taken a start upward, ris-
ing 81 Of cent, with exports of 3,O51. 1853
bushels, against 2,431 0S5 last year. So
great demand for both grains de-
serves notice, but Southwestern receipts
5,945, 697 bushels, against 6.T46n last
year, and of corn, 1923, 437, against 4,20S,-
S52 last year. There Is no hesitancy in
selling or in shipping, with extraordt-
nary foreign demands for the season
farmers are sending forward at remarka-
BILE low prices extraordinary quantities
of grain.
Neither philosophical explanations Of
the rise in iron and steel, nor constant
addition to the number Of furnaces
producing, checks the advance which
has made Bessemer pig sell for S2S at
Pittsburg; grey forge for $19.75 there,
anthracite No. 1 for $3.50 at Philadel-
phia, and local coke for S2l.5O at Chica-
20. With the whole output of Its fur
naces sold ahead for the year, the VAL
ley association demands $3.50 at Pitts
burg on future contracts, and Chicago Is
selling mainly for delivery next year.
Finished products are advanced in some
cases S. per ton at time without check
ing the demand, as for sheets at Pitts
burg, with plates advanced 81 and wire
nails SO per ton. Large contracts. even
at these prices are reported, many run
ming into next year, In Chicago and Pitts
burg In bars, and in plates at all points.
with S,UUU TONS w eSLefn &c 1AeioNCh IL
bridge contracts taken by works four
to five months behind already. and IN
curry for, 225 miles of pipe for South
Africa pending.
Tin is strong at 391s cents for spot.
with 2,255 tons decrease in all visible
supply; lake copper is steady at 1S15
cents, with heavy buying for electrical
use and lead is quiet at $50.
preparations for other wooden COM
binations affect the market for goods
somewhat, which is, nevertheless, strong.
although some irregularities have deVel-
oped in worsteds. The wool market Is
much less active than of late, with sales
of only 9,225, 200 pounds at the three chief
markets, mostly territory, and While
prices are stiff manufacturers are buying
only for mediate needs. Quotations for
the week are unchanged, but holders are
confidently looking for a large advance
to result from the London sales.
Failures for the first week or Septe1n-
Der have been $715,5so. aginst $1,11l59s
last year; manufacturing $z12,25S, against
S224,6O2 last year. and trading S466,Sl3
against $T03991 last year. Failures for
the week have been 13z, In the United