The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-14

NEW YORK, Dec. 13.-Bradstreets to-
morrow will say: Holiday trade is in full
swing at all markets, while jobbing d1strl-
button naturally shows quieting down
preparatory to stock taking. Nearly all
advices touching these latter branches or
business are encouraging and the years
results, so far as aseertained, are on the
whole very favorable. Among the indus
tries iron and steel are easily first in
strength of demand and prices, and the
word buoyant about accurately describes
the situation as regards the feeling in the
trade generally. Through strong, how
ever, this trade is still conservative as q
whole, as evidenced by the peggng of
iron ore (old range quotations for the
coming year at old prices in the face of
a temptation to advance that and finished
products. Probably never before was so
much business booked in advance as there
is at present in pig iron, rails and finished
products. The former is in better demand
and $16 can be had at valley furnaces,
though $15.25 is the nominal rate. Pro-
duction is at an unheard of rate despite
car shortage stopping coke deliveries, and
stocks of pig are still decreasing.
The crest of the recent rise in cereals
was for the present reachd on Saturday
last for coarse grains, and on Monday.
Dec. 8, for wheat and provisions. The
enormous realizing, which for time was
offset by new buying, but ultimately the
size of the grain movement and increase
in visible supplies, added to the breaking
of the drought in the southwest and the
tightness Of money, left the bears mas
tiers of the field.
Big Gain I'm Month.
The steady rise in wheat and corn prices
CHI cir orIx rf NnUal
had resulted in gain of about 13c each
in wheat and corn, from which the fall
this week is only about Sc.
Provisions Sympathize with the move
ment and the high price of low grade
foodstuffs is still a feature of note. Cot
not alone of the great agricultural staples
has strengthened this week on con-
tinuance of the bullishness brought out
by the low government estimate and in
spite of "a crop movement, some of which
is cassed as holiday cotton in excess
of last year. Exports have reached and
passed lat season record.
Wooden good are in good demand, par
t1cularly for dress wear and many mills
| are busy on heavyweight orders.
Boot and shoe manufacturers are still
busily employed and shipments still heav-
lily exceed last year. Leather is firm and
while hides are easier, tanners are not
anxious to buy largely.
Higher prices of cereals check our eX-
port trade in that direction, and ship
ments of breadstuffs, live animals, cotton
and oils all decreased from October to-
tails. Compared with November year
ago provisions, cotton and oil exports are
| all heavier.
| Wheat including flour, exports for the
week aggregate 3,S79,S09 blu, as against
! 4,604,S4G last week, and 4,7s5,57 in this
week last year. Wheat exports July to
date GA weeks) aggregate 136,303,715 blu
as against S4,S60,729 last season.
Corn exports aggregate 27S.307 Blu as
against 500, S44 last week, and 1883, 45S last
year. July 1 to date corn exports are
49, 795, 23S bu against SO, 701, 661 last season.
| Business failures in the United States
| for the week number 233 as against 227
last week, 247 in this week last year,
211 in 1899 237 in 1898, and 2S3 in 1897. Can
adam failures for the week number %,
or the same number as last week, and
comparing with 10 in this week year
ago, % in 1899 and 30 in 1885,