The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-02
THE WEEK IN TRADE
NO CHECK TO CONTINUED ExPAN-
SION OF THE VOLUME OF
COMMERCE
RAILROADS UNDER HANDICAP
Have Not Enough Cars to Move the
Freight offered Them. and Car
builders Are Flooded
With Orders.

NEW YORK, Nov 1-R. 8. Dun *
Co.'S weekly review of trade tomorrow
will say
Although the latest railroad returns in
dictate that transportation facilities nave
greatly improved, the nations business
has expanded more rapidly. Car short
age has in fact become the chef retard-
ing influence. From all sections of the
country and many lines of industry COM
plants are heard regarding the inability
to move goods. Probably the delay has
been most aggravating in the case OF
coal unreasonable high temperature
alone preventing serious Inconvenience.
Notwithstanding domestic demands are
enormous, coal is becoming an import
ant article of export, partly owing to
labor controversies in France and Great
Britain and also to the British export
tax Mild weather retards retail distribu-
ton to very marked degree, orders for
heavy weight goods being Cancelled in
some cases where manufacturers were
behind with deliveries. That the volume
of legitimate business is not being cur
tailed however, is evidenced by the gain
IN bank exchanges at New York of 24.4
per cent over last year and 7.9 per cent
over the same week in 1892. At other
leading cities the increase is equally
striking, pol per cent over 1900 and 9.6
per cent over 1899.
Not. only are steel mills many months
behind orders and prompt deliveries COM
nlanding premiums, but even where goods
arc ready for customers il is often i'm
Itssible to ship because Of inadequate
railway facilities. Structural material IS
urgently sough. and mild weather pro-
longs the season for buying pipe. Steel
rail orders increase and the fancy prices
asked for billets have brought imports
from Germany, where industrial depres-
sion makes it possible to sell at very
low figu es. Domestic quotations do not
alter, though list figures are not con-
fidered on deliveries before the years
end Copper is artifcially sustained by
closing mines.
Footwear manufacturers have made a
general advance in prices, restoring the
figures of early spring. / is obvious
that the average rise of 21a cents does not
cover the enhanced cost of material, yet
new orders have been extremely light
since the change, as jobbers are resisting
the natural tendency. The textile markets
are well sustained Wooden mills have
ample orders and take larke quantities
of raw material, holding wool prices firm.
Cotton goods are in brisk request with
no evidence of excessive stocks. Wise
counsel has thus far prevailed at Fall
River. though the labor leaders are close
ly divided
Irregularity prevailed in the markets
for staples Spectators secured dis
tinct decline from the unusual high posi-
ton recently attained by pork products,
while at the same time corn made fur
Their advance.
Poor harvesting reports were. held re-
sponsible for the rise in the cereal and
there is a natural falling off in exports.
Shipments from Atlantic ports for the
week were only 49S, 1875 bushels against
1874 coo last week and 3,32S,631 a year ago.
Interior receipts were also light, 2,217. 126
bushels against 3S3S,G2 last year.
Wheat came to market more freely,
arrivals at Western cities amounting to
7,060S90 bushels against 6lS2,3S9 in the
previous week and 5.537 600 year ago.
Atlantic reports were less satisfactory
than last week, but including all United
States ports the weeks shipments were o.
01s,03S bushels against 9.6S5S2l last year
and $685. 1893 in 1899. A further fall put
cotton So a bale lower than it was two
weeks ago and port Sreceipts are very
heavy, denying reports that many Plant
ers are holding for more profitable prices.
Failures in the United States for the
165 in this week a year ago, ia in 1899
and 1873 in 1898.
Canadian failures for the week number
seventeen against sixteen last week and
in this week a year ago, twenty-one in
1899, thirty-one in 1898 and thirty-four in
1897