The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-03
POINT TO TRADE REVIVAL
ALL SIGNS INDICATE INCREASE in
BUSINESS AFTER THE
ELECTION
IRON AND STEEL LOOKING UP
With the Possibility of Free Silver
COinnge Out of the Way, Buy
ing Orders Will Be
Numerous.

NEW YORK, Nov 2-R G. Dun &
Co.'S weekly review Of trade tomorrow
will say: The period of suspense is near
ly over. Business has been longing for
free field in which to leap forward but
restricted buying largely TO wants for
immediate consumption. Some evidence
appears of willingness to take specula-
tive chances in the movement of a few
standard goods, notably Of iron and
steel. The actual resumption of opera
lions in the Anthracite coal fields has
added largely to the working force and
closing down of a few small steel plants
is only in the nature of concentra ting of
operations at more advantageous point6
and has not much reduced a number of
men employed The weather in some sec
lions has favored business, but a New
York has been unreasonable, accounting
for much of the loss of 1873 per cent in
bank clearings here as compared with
last year, though the week shows a gain
of 20.3 per cent over 1898.
Encouraging signs multiply in the iron
industry. Strength in Bessemer and gray
forge at Pittsburg shows that the recent
increase in activity of finished forms has
at last affected the market for raw ma
terial. Improvement in domestic buying
of pig is the more noticeable because of
decrease in exports. Structural shapes
continue in urgent request plates advance
ing with active demand from ship build
ers and with talk of a pool to sustain the
price. Bar iron would sell readily at firm
er prices, but holders grow stubborn.
Reports are current that American con-
Germs have contracted for machine shops
In Bremen and numerous bridges abroad
including some in South Africa Billets
at Philadelphia cost 500, which does not
look like reduction in steel rails. Buyers
in these lines decided not to wait for
election to place contracts.
FACTORIES ARE BUSY.
Full forces are employed at New Eng
land shoe shops and heavy orders insure
brisk work for the rest of the year
Prices have not advanced for the fin
i6hed articles with leather and hides
Textile operations are more vigorous
sales of wool at the three chief Eastern
markets exceeding all recent records with
total of 1904 pounds. This is largely
for prompt consumption and consequently
makes poor comparison with the same
week last year when unprecedented spec
ulation made the total %, 1856, 700 pounds
with many large transactions missed in
the excitement of the Boston market
With the greater activity there appears a
tendency toward firmer prices and 100
grades on Nov. 1 averaged 1856 cents
according to Coates Bros, of Philadelphia
CoLtoh mas recovered a little of the re-
cent sharp Decline attributed to reports
that frost would surely do serious dam
age. The market does not show much
fear of disaster and there is more reason
to believe that the slight advance was
induced by better purchases Of spinners
who were attracted after the fall of $3.50
a bale in less than three weeks There
was also some recovery in wheat started
by the statement that Argentina would
not be able to export freely this year
because of the injury to the growing crop.
Corn did not join the advance to any ex-
tent and provisions were generally quiet
except corner in October pork which
compelled traders on the short side to
cover contracts at $40 when the month
ended. Small concessions are made by
importers of raw sugar.
Failures for the week We're 1913 in the
United States against 1873 last year and
% in Canada against % last year.