The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-26
THREE MONTHS OF TRADE
= sss7-ssgsss.9s - -
AMOUNT OF BUSINESS AT UN-
CHANGED PRICES SINCE NOV.1
UNPRECEDENTED
FURTHER ADVANCE IN IRON
Heavy Dealings at Pittsburg al
$I3,25 Per TOn-WOOI Trade the
Only One Reporting
Dizziness.
ss:s:If: s. :

NEW YORK, Jan. Pr C. Dun &c
Co.'s weekly review of trade tomorrow
will say: Rarely has there been more
business in staples and in manufactured
goods at practically unchanged prices
than during the period since Nov l. This
week seems to have marked the climax
of enormous dealings at figures which
nave become familiar. The heavy trade
In pig iron at better prices, the larger
distribution of dry goods at a frmer
range OF quotations and the rush to Sc
cure prompt delivery of boots and shoes
all indicate that business may have es-
capped one of those weary establishments
or prices which have proved often so
trying in recent years.
Jobbing trade in the interior is good
and collections continue excellent.
Bank clearings at New York gained
OIL per cent over 1900 and 13 per cent
over 1899 for the week. while a the other
cities outside of New York there is q
gam of 99 per cent over 1900 and "a per
cent over 1899
Railroad earnings thus far reported for
January show gain of ia per cent over
last year and 24.6 per cent over 1899
BULGE IN IRON PRICES.
After week of quiet conditions, partly
pulIt on uncertainty regarding COMPETE
ton among leading interests the iron
start forward. The feature was enormous
buying of pig at an advance to $1325 at
Pittsburg. This sudden activity on the
raw material removed fear that stocks
might be accommodating at furnaces. and
gave some idea of the heavy contracts
Tor finished products taken by the mills
IN some directions there is less foreign
inquiry, although an unusually heavy
Shipment of billetS went to Glasgow. and
, h.
rates to the sea coast are still considered
excessive by manufacturers, and there Is
more inclination to push domestic bust
ness on this account Arbitration is eX
pected to prevent suspension of work at
the furnaces, where strike was threat
ened on Feb 1. Pooling of iron interests
outside the Connellsville region is being
discussed but the quality has always
been inferior and sales only effected at
concessions.
SHOES AND LEATHER.
Further improvement is seen in foot
wear, and manufacturers are receiving
ample orders. Shipments from Boston
for the year thus far amount to 1886, 422
cases, against 9SO,963 in 1900, which is a
much better showing than in recent
months. Leather has been irregular in
demand. although prices are steady
Hides at Chicago fiuctuated widely, with
more grades sold at concessions than
advances.
WOOL MARKET.
1t is difficult to find encouraging fea-
lures in the wool situation. Sales for the
week at the chief Eastern cities were
million pounds smaller than in the pre-
ced1ng week, and In four weeks the ag-
gregate is only 1925, 1000 pounds, against
N,5O4, 700 last year. Not only is there a
notable absence Of speculative opera tons,
but purchases by manufacturers are re-
strfcted to requirements for orders on
hand. Domestic quotations have not har-
dened in sympathy with the better prices
obtained at London, while a few sales are
reported at moderate concessions. Hopes
for the future are based on Indifference
of dealers and growers to sell at current
prices, but present heavy stocks will be
augmented in few months by the new
clip. Dizziness in the wooden goods is the
difficulty and, while the manufacture is
depressed, there is little encouragement
for the raw material.
CEREALS.
Staple products have moved within mar
row limits, little attention being given to
widely different estimates from Argen-
tina or damage in the Northwest through
insufficient snow. Despite. the advance in
prices over those prevailing a year ago,
exports Of wheat, including -four, from
Atlantic ports for the week were 1885,
S1S bushels, against 1.644,149 last year, and
Of corn S,472,614 bushels against 3,O97, 607
in 1900. Western receipts of corn were
heavy, amounting to 4S15,4 $50 bushels,
against 2,911 O35 last year, but there is
complaint of poor quality.
Cotton maintained the advance above
10 cents, but port receipts did not fall
off as predicted, and final returns of
Orf Of In vfY,,-
to be 80 per cent smaller than in 1899,
while of cloths the reduction amounted
to 4OO,OOOOOO yards
Failures for the week were 306 in the
United States. against 211 last year, and
46 in Canada, against 50 last year.