The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-06
GENERAL TRADE Is Dull
so SAYS Il. G. DUN'S WEEKLY RE-
VIEW OF THE COMMERCIAL
FIELD
UNDERGONE Is VERY FIRM
Brisk Revival Expected After the
November E1ectiOn-Further
Src9 in Price of Ster-
ling Exchange.

NEW YORK, Oct. 5,-R. G. Dun & Co 3
weekly review of trade tom brow will
say: The anthracite coal settlement has
been delayed another week. and the e.
feet upon business in the East is more
apparent, though distribution in The
West and South seems no less active.
Seasenable weather in the East would
quickly aid matters. Prices ire slightly
lower N iron, wool, coal and sugar, bat
the products and textile markets are
firm. and in all departments Of business
an effort by distributors to Increase
transactions would quickly advance
prices. There is little ordering ahead in any
kind Of merchandise, but steel rail MAX
ers look for contracts for aactd 100000
tons after election. Rain Is needed IN the
South and on the North AtlantIc coast,
but in the Southwest rains have checked
cotton picking. -
The most interesting fnal;eial develop.
ment was the further drop OF Jne cent in
the pound sterling exchange, COMPLETING
a decline of two cents in two weeks with
out any important change IN cur money
market. At the same tins london rates
for discounts have strengthened mate
rally, though the Bank of Bingham
made no change in its rate, IN which an
advance had been ordered. Heavy for
eign buying If cotton As outweighel
all other influences, and there is insult
fcient demand for regular remittances
to absorb commercial bills lrawn ;Is. inst
this staple Gotton shipments are pro-
ducing about double the exchange that
they did year ago, and as the crop is
being moved Eith funds .eceived from
New York and without gold imports from
Europe, the net result is that New IL.k
is loaning foreigners about half tho value
of the crop.
WAIT ON THE ELECTION.
Most manufacturing concerns are de-
laying extensive production unit, after
election. and are buying little raw mate
rial. Pig iron has declined on small or
ders, and was also depressed by the cut
in Southern freight rates. Finished ma
teTiai and structural lines are steady, and
export buying does much to prevent dull
ness. Contracts for cars, bridges and
plates for shipbuilding were signed this
week. and rails We're sold at $26 to do
nestle roads, with small amount taken
by Italy. Boot and shoe manufacturers
are more actively employed on rush Or
ders, confirming the reported reduction
Of stock. but spring contracts are post
poned. Sales of wool at the three chief
Eastern markets We're 3, A. 63 pounds.
exceeding every week since August, but
still insignificant, compared with last
year, and Coates Bros average price Of
100 grades on Oct. l was 1864 cents.
against 2037 Sept. 1.
Wheat is steady. For the week At
lantic exports were 1852, 1894 bushels, flour
included, against 1862, O62 in 1899 After
the end of September there was a. decline
in the price of corn for the current
months delivery, but elevator prices re .
mained firm, and receipts for the week
were only 4,S94.S02 bushels. against 1873
$40 last year. While Atlantic exports were
2.1a4610 bushels. against 1929 year
ago. Lower stocks at Chicago caused
rise in prices of pork products. Cotton
prices remained near the top. Mills are
not active, as the present price Of raw
material is out of proportion to quota
tions ruling in the goods markets. Re
fners reduced sugar to 81 cents for
Standard graduated. but supplies are
lower.
Failures for the week were 20S N The
United States, against 314 last year, and
% in Canada, against 20 last year.