The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-21

ing prices of materials, and works every
where are still crowded to their utmost
capacity, while at many points it is found
hard to get enough competent hands. But
the volume of business expressed in value
rises very much more than prices, show
ing remarkable increase in quantities
of goods exchanged.
THE outbreak of war in South Area
has brought no such changes as many
feared. In England the markets nave
treated it as an event already over dis
counted, and relations with this country
were not appreciably affected The out
go of cotton is just now checked but Of
other great staples and manufactured
products the foreign demard is surpris-
ingly sustained.
wheat has declined 114c in pric, in
spite of unfavorable crop reports, and
Western receipts do not keep up wi h
the unprecedented movement of last year,
having been but S,454,4 400 bushels, against
80, 592, 404 during three weeks OF Octob I
last. But Atlantic exports flour included,
have been in three weeks of October TO-
679,2l6 bushels, against e,6S6,22 last year,
and Pacific exports 1,539,lSS. against 2,29S,
80 last year Beyond doubt prices would
rise far and fast with such a foreign de-
mand if official and other current reports
of yield We're fully credited, corn exports
ard testimony as to foreign needs hav-
ing been in three weeks 1921 ,406 bushels,
against 1902, O93 last year.
The upward movement of cotton
three-siXteenjhs for the week.-Mrs. now
come to Gerend largely upon a great spec
ulatiun, for farmers by the thousand are
now holding back cotton to som extent,
while important banking and trading in
tereSts are enlisted. The consumpt on is
bl1t roI0ht he -1oOrb the llr2er
even with the lowest estimate of yield,
without eXhausting the visible and mill
suppl IS. Prices of goods have risen so
far that there is some doubt whether
they can be raintaiEed. Wool has also
enlisted a powerful speculative intere st,
and sales of Il, 293, 900 pounds for the week
at the three central markets represent
about twice the consumption. But 1t Is
,tated that manufacturers. exclusive OF
the American Wooden company, have been
buying quite fl eely, and While goods Tor
mems wear outside of worsteds were not
particularly active, there has been eX-
cclIeat business in dress &c DDS.
Sales of 5000 tons BesseIffer pig and
q reported demand for 10C,C01 tons billets
in a bare market at Pittsburg have made
QuotatiC1s less Intelligent than usual.
Bessemer sales at $23 for the next year
and S24.50 for this year at Pitt sburg are
reported with billet sales at 500 to $40, and
sales of sheet bars at $36 per ton. The
Western market is strong, and the East
ern not changed. While large orders for
bars are refused at pittsburg by the
works which are full for mary mo ths
ahead, others just starting are seeklFg
such orders at 2.1c, and the Chicago and
Pittsburg markets are still full of or
ders for plates, although the works at
Tittsburg have nearly caught up, ana
some If them are now taking only 2. I5c,
against 290c last week. Some works are
also taking orders for sheets at SlO, and
in other directions there are sigrs that
the enormous production begins TO be felt.
There is a possibility of creek owing
to shortage Of CO RS al Connel]sville, which
restricts delivery of coke, tie output for
the week having been 190,29S tons, with
more ovens If operation and prices ne
changed
an the minor metals, tin Is very duh
and declining at 311ac, and the copper
market has been broken, lake being free
~ offered at 1Sc.
Failures for the week lave been AS
in the United States, against 221 last year,
and 20 in CanaGa, against "a last year.