The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-24
TRADE ON 4 FIRM BASIS
TERIALLY, BUT WITHOUT
SHARP ADVANCES
IRON AND STEEL MILLS BUSY
Railroads buying Material, and
Some Orders Are Hard to Fill
Hide Market COntin-
ues TO Advance.

NE YORK, Nov. pr. C. Dun & Co 8
weekly review of trade tomorrow will
say: With reasonable promptness bust
ness is recovering both activity and tone,
and fortunately without the sharp rise
IN prices which were seen in the spring
and which were followed by sudden
and serious transition to a more natural
range. Manufactured goods are rising,
In response to a better demand from dis
tTibuting sources, helped at the end of the
week by the more seasonabl weather
Business is not yet what II was on the
top Of the wave of industrial prosperity
but the working force is fast increasing
The ordinary measures of business re-
fleet operations at all points, but the
textile markets are at the point of least
response to the improved undertone of
trade.
Recital of conditions in the iron and
steel market has become a monotonous
repetition. Each week there is the same
record of activity so generally distrIbu-
ted that everything from the raw mate
rial TO the finished product enjoys a
share. There is also the same freedom
from the speculative accumulation in an
ucipalion OF fancy prices that has been
Tor weeks the most encouraging feature.
RAILROADS BUYING MATERIAL.
Railroad companies compete for rolling
STOCK Export orders in some lines are
filed with difficulty, owing to the IN
usual domestic demand for all forms
OF iron and steel products, but in no
quarter is there any unreasonable inf1a-
ton of prices, such as was seen during
the meteoric ascent last year In a few
directions prices on export orders are
shaded to hold the business. Two factors
initiate strongly against activity and
strength in wool and Woolens Mild
weather has been the chief adverse in
huence, reducing sales far below nor
mai volume IN this vicinity while liqui-
dalton Of embarrassed concerns threatens
to throw considerable quantity on the
market at forced sales. In the light of
these disQuieting features, it is not sur
prtsinS that sales of wool at the three
chief Eastern markets declined to .3354 3331
pounds, against 1852, 600 pounds in the
week preceding, and 19 SIC, 392 a year ago.
Hides continue to rise regardless of the
largest arrivals of cattle at Chicago in
many years. Leather has ceased to fol-
low the advancing hide market, and most
grades of boots and shoes are at the
prices prevailing two months ago, except
for a gaiE of 21R cents in mems satin
shoes and split and kip boots Consider
Ing the advance of over 10 per cent in
hides in these two; months, the gain in
the finished product is insignificant but
every attempt TO secure higher prices
ends negotiations for sales, and it is nee
essary to take orders at old rates or close
the shops.
COTTON PRICES HIGH.
Cndaunted by recent reverses, specu-
lators in cotton advanced he price about
$50 a. bale in ten days Receipts have
been Of moderate volume, but the size of
the current crop cannot be Appropriated
by any ordinary system Of avera ges this
year owing to the ample funds in the
hands Of planters enabling them 10 hold
back much of their crop Estimates
have fallen below 100000 bales because
Of the slow movement, and this fact.
together with last months record break
ing value of exports, forms the basis of
present prices. October shipments are
unlikely 10 be equaIed again while sales
OF next Septenaber's options at cents
don't take into account plans for a
large increase in acreage next year
Consumption decreases on account of
the high price, Northern spinners hay
ing taken 10000 bales less than last
year TO date, While British exports of
cotton cloths in October were Is per cent
less than in 1899, and Of cotton goods So
per cent smaller.
Failures for the week were 23S in the
United States against 191 last year and
Is in Canada, against q last year.