The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-22
.I|NG|NG ON THE STRIKE
ANTHRACITE NINE TROUBLES A
CHECK AGAINST EXPECTED
FALL RECOVERY
BUSINESS GENERALLY GOOD
Market for Cottons Well Sold, With
Plenty of Inquiry, and Steel
and Iron increasingly
Active.

NEW YORK, Sept Pr. G. Dun &
Co.'S weekly review of trade tomorrow
will say: The strike in the anthracite
coal region which has involved about
10000 miners, and probably $4,000 Others
is the overshadowing influence in bust
ness The conflict dsturbs business and
interferes with calculations of merchants
over a large part of the Atlantic sea-
board, and is really the only tangible
check to the general recovery which set
in with the larger demand for iron and
steel products. Outside of the anthra-
cite industry, enforced idleness of hands
is an exception, and even in the Penn
sylvania coal region other employers
would gladly take on thousands of more
intelligent miners.
The Doscher sugar refinery closed down
on account OF the scarcity of raw sugar
of which all refnerS are estimated to
hold only 10000 TONS but the Lorraine
Steel company, idle three months, is
starting its furnaces. with others to fol-
low, Hesitation incident to the presiden-
tial campaign is reflected in bank cir
cles, which for New York show 34.S per
cent. and for other leading cities as per
cent loss from last year
Wheat advanced sharply to S3c on
Wednesday, helped by gloomy reports
from growing districts and free pur
chases at Northwestern cities. Sensation
al gains in price stopped foreign buying,
which led to heavy liquidation and
reaction almost as large as the previous
movement.
BREAK IN COTTON.
Cotton has felt the loss of consump-
ton, declining heavily both in spot quo
tations and option trading. Brighter crop
news from Texas also has depressing
effect. The cotton goods market for q
few days continued the strong movement
h,,f aNpltQJ
though bare of goods at first hands.
Heavy curtailment of production is stu
the rule Standard brown sheeting again
advanced &c, with other goods following.
Last weeks Improvement in the boot AMI
shoe market caused an increase in snip
ments from Boston to 1889 cases, against
81 142 the previous week. Further inqul-
ries by jobbers have appeared, and re-
quests for prompt shipment reflects the
decrease in stocks. Orders are confined
to fall and winter goods, spring business
being backward Shops are more active
" employed. Sales of wool at the three
chief markets were only 2,S17, 900 pounds,
against 1S, 500 a year ago. Holders con-
tinue confident and dizziness fails to eau Sc
lower prices. Foreign conditions are I'M
satisfactory especially in France, but
fair prices are expected at the London
sale next month.
ACTIVITY IN IRON.
In iron and steel products greater activ-
ity at trmer prices was the rule. New
contracts were for moderate amounts,
but a large order maIleable Bessemer pig
iron was placed at Pittsburg. Reduc-
ton in stocks of pig iron at Southern
points makes the outlook more encour-
aging, and a Scotch concern is only pre-
vented by high ocean freight rates from
closing a very large contract for billets.
The break in Scotch pig iron warrants
an international significance Puddlers
and bar rollers are still waiting their
turn for wage settlement. Orders for
railroad equipment for September are
expected 10 include fully 5000 freight
cars A sharp break in tin was aided by
heavy shipments from the straits. Lum-
ben. is in a stronger position, spruce SELL
ing at S.75 per thousand, an advance OF
% per cent for the month.
Failures for the week were I'll in the
United States, against 154 last year, and
80 in Canada, against Is last year.