The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-10-12
THE WEEK IN TRADE
BUSINESS AND INDUSTRIAL BOOM
GOES ON WITH NO SIGNS
OF ABATEMENT
IRON MILLS BEHIND ORDERS
Dry Goods Market Is Quiet, Makers
Having Very Stiff Ideas as to
Prices-Shoe Factories
Are Busy.

NEW YORK, Oct. u.-R. G. Dun 4
co. weekly review of trade tomorrow
will say:
fallure of few over-capitalized indus
tflal corporations to pay interest on
their stock is no criterion of conditions
IN manufacturing, although an influence
OF some weight in the stock market. Re-
ports from all sections of the country
agree that there has seldom, if ever, been
Such vigorous prosecution of construc-
i've work. Widely divergent lines ex-
mort similar symptoms. Labor is well
employed at good wages, and the buv.
ing power of the people is more than
su1hclent to meet the advance In the cost
OF nVlng of AS per cent over prices pre-.
Valllng year ago.
Wholesale activity is Still the feature
at iron furnaces and steel mills. While
Old orders are filled as rapidIv as Docsi-
ole, there is no immediate prospect of
cdtcnlIlg up with contracts especiallv q
eacn day brings new business with de-
nVerles running far into next year Idle
pants are resuming as rapidly as ar
engagements can be made and tin plat
mills are adopting the latest and best
processes. Domestic needs are so ur-
gent in nearly all branches of this indus
try that export orders are receiving
scanty attention but there is reason 10
expect much activity in foreign sales
whenever the home trade resumes a nor
MAJ position. Pig iron production on
Oct. l, according to the Iron Age. was
at the rate of 3O7,982 tons weekly, an in
crease of S,121 tons over the output on
sept. and S4Sl3 tons more than in Octo.
per- 1SU. Yet furnace stocks steadily
decrease, amounting to only So. 593 tons
Oct l, against 670,541 year, ago and
supplies IN consumers hands are be-
ieved to be light.
Footwear shops are still producing at
full capacity not only in the old-estab.
hshed New England factories, but in this
state and at the West and South.
Prices are unchanged as yet, though
manufacturers contemplate the advance
ing leather market with some uneasiness.
Hides and leather are both at the TOP
point of the year, while the finished prod
uct sells below the prices of early spring.
Liberal buying of both sole and upper
leather caused a general advance and in
many grades the available supply is
light.
Quiet conditions prevail in the dry
goods market, not because of light de-
mand, but through the strong views Of
sellers, which prevent export sales as
well as domestic business. At Fall Riv-
er the print cloth situation is most salts
factory, standard goods for delivery I'D
Dor situation is much clearer than it was
week ago. A feature in wooden goods
is the large proportion of mill capacity
at work on high grades of wool, shoddy
and other adulterates being used much
less than last year. Raw wool is firm
and going into consumption steadily.
Slightly better relative prices have
been established by the leading cereals,
wheat making a fair gain, while corn
lost a little of it's exceptional strength.
There is no evidence of holding back
for higher prices in Western receipts
for two weeks of Is, 1895, 426 blu, against
II, 1888 last year, when more at
tractive quotations prevailed. Exports
from the United States are not equal to
recent record-breaking figures but still
compare fairly well with earlier years;
for the week, -four included, shipments
reached 4,19932S bu, against 35SS a year
ago, and 4,2S9,S29 in 1899. Movement of
corn is light, receipts at the interior
amounting to only 2,760262 bu, against
1927, 200 last year and 6,11O,209 in the same
week two years ago, while exports from
the Atlantic coast were but 535, 251 bu,
against ,26S in 1900 and 31S4,yI6 two
years ago.
Failures for the week numbered 231 in
the United States, against 232 last year,
and "a in Canada, against 80 last year.