The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-29
WAITING On HE STRIKE
LEADING FACTOR IN CONNER
CIAL AFFAIRS
JOBBING TRADE IS BETTER
n. G. Dun's Weekly Review of Bust
ness Conditions Has an OptImis-
tic T1nge Regarding the
Future.

NEW YORK, Sept 2S.-R G. Dun &
Co.'S weekly review of trade tomorrow
win say:
Not Wall street alone, but the entire
business world as we'll, watched the
progress of events TO bring about set
Element Of the anthracite coal strike with
active interest. This week the paralysis
of the anthracite industry was more COM
plete than last, and the effect was seen
upon the distribution of merchandise III
the East and the placing of new orders
with manufacturers. Coal advanced rs
cents above last week, and the larger
companies refused to name a selling
price. The strike involved about 5000
more miners ard hundreds OF trainmen,
but the working force has increased
largely through the settlement between
the Amalgamated association and several
large steel companies. whose works, en-
ploying 10000 men, have been idle, while
only 1,600 men were affected by the shut
down of the Susquehanna Iron and Steel
company by the strike. In the East con-
ditions seem generally faVorab BILE for
quick recovery. with the coal strike over,
while in the West there has been no note
worthy reduction IN the distribution OF
any class Of goods. Weather conditions
have been favorable for late crops and
farm work is progressing rapidly, except
for some damage to grain in shock In
the Northwest.
THE BAROMETER OF TRADE.
Aside from the expected reduction 10
s26 for steel rails and a safe of sBessc-
mer pig at Pittsburg. at $3.50 the. whole
list Of iron and steel products fs I'M
changed. The feeling grows stronger
that bottom has been reached Taking the
eleven articles quoted IN our price tables,
it will be seen that after an advance Of
over 100 per cent in 1889, prices have de-
clined only about IS per cent this year,
and there is already 8 tendency toward
a higher level. One company ie consid-
ering the purchase OF 10000 tons foundry
iron and an export order for $500 tens of
rails mas been placed More coke ovens
are in operation, but the price is I'M
changed. Wheat again rose TO SO cents,
but failed TO maintain the advance. Corn
for prompt delivery was scarce, and adj
vanced 10 cents above the price at this
date last year or over 26 per cent This
naturally disposed Of foreign buyers and
exports for the week We're only 1160 900
bushels, while for four weeks 1850 600
bushels went out. al Atlantic ports,
against 1913, 904 year ago Wheat ship
ments from the Eastern coast were 2,78s
( Il3 bushels, -four included, against 3 S29
13o last year. In the. cereals. as with
| cotton, outsiders do not purchase freely
at current level prices. Another Increase
Oh 0,5tVuVO cases IN shipments of boots
and shoes from Boston makes the outlook
more encouraging for that Industry, and
manufacturers are rejoicing over a wide
~ distributed range OF orders, which indt-
Gates that stocks of all grades have
reached low point Needs are impera-
tive IN many sections. Jobbers at this
city are busy, and Western buyers ask
prompt shipment After a long period
OF stagnatton the present fnodera te vol
ume of trade is most welcome. Leather
/ is sharing the Improvement, but the stu
alton as to hides is rather depressing.
because Of heavy current receipts Of cat
tie and the probability Of stin larger re-
ceipts. Sales Of wool fall to about a
quarter OF last Year, ana a hundred
grades quoted in the Philadelphia mar
ket snow a decline OF about half cent.
Failures for the week were 2o4 IN tha
United States, against 157 last year, and
lS in Canada, against 2fTlast year.