The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-16
TRADE is EXCELLENT
Dun AND BRADsTREET REVIEWS
SHOW A MOST HEALTHY
CONDITION
RAILROAD TRAFFIC IMMENSE
Carrying Capacity of the Roads Is
Beyond the Car supply, and in
All Lines Prospects Are
Very Bright.


NEW YORK. Nov 15.-R. G. Dun &
Co.'S weekly review of trade tomorrow
win say:
A few months ago injury to the corn
crop aroused fears that the railroads
would be seriously handicapped by the
less of tonnage, yet the season of grain
traffic has not only failed to produce de-
creased earnings but there is such a
scarcity of rolling stock and motive pow
er that numerous industries are badly
demoraized In so far as these interests
are concerned the reduction in corn
freight proves a blessing.
Railway earnings in October Were lib
Per cent greater than last year and III
per cent over 1899, while those roads re-
porting for the first week of November
show an average gain of % per cent.
A healthy demand is reported through
out the country in all leading lines OF
merchandise, while sales of winter goods
have attained normal proportions, and
holiday business promises to surpass all
records. In manufacturing there was
never before such well sustained activity
with contracts running past the middle
OF next year. This is especially true in
the case of steel rails and many other
products of iron, while in building
material, felt, footwear and most textile
branches there is little prospect of idle
ness.
Money circulates freely, making conec-
tons satisfactory in most sections.
Bank exchanges in New York for the
week were So per cent larger than a
year ago, and 32.1 per cent over 1889,
while at other leading cities the gains
were 1872 and so respectively.
Unprecedented conditions in the iron
and steel industry are shown by the sta
tisties of pig iron on Nov 1, as published
by the Iron Age. Furnaces in blast were
producing at the rate of 320,S24 tons
weekly, which far surpasses all previous
records With a production of 10000 tons
weekly above the previous top point it
might be expected that supplies would
increase or at least remain stationary.
On the contrary, furnace stocks on Nov.
were 273251 tons, or much less than a
single weeks output and a decrease of
SS,342 for the month of October. Carry
ing the comparison back a year gives
an idea of the marvellous strides made
in this industry Since November, 1860,
the weekly capacity of furnaces in blast
has increased from 215,90i tons to 320S24.
: While furnace stocks have declined from
64l,46 to 273,251 tons. Yet there has been
no imitation Of prices and the Speculat tive
element is entirely lacking sign that
no disastrous collapse is to be feared.
While shipments of footwear from Bos-
ton continue far i'll excess of previous
years and factories are well employed, the
situation is not satisfactory. Prices are
not maintained. at profitable point ow-
ing to the phenomenal strength of raw
material and the stubborn resistance Of
buyers
Print cloths at Fail River are quiet,
recent unusual events having produced a
tendency to await developments. Bo;h
buyers and sellers made sufficient con-
SESSIONS on brown goods to secure large
export sales Further gains are recorded
in woolens, business reaching the best of
the season.
An official report OF the lowest average
yield OF corn per acre was calculated to
strengthen prices. but the phenomenal
cuotations already prevailing would seem
to fully discount government figures
Foreign buyers have been driven out
Of these markets, the weeks exports
from the Atlantic coast amounting 10
only 5S5,545 bushels, against 1876, e6s q.
year ago and 3,i50, III in 1o.5. Wheat rose
to the best prices of the crop year. part
~ in sympathy with corn, for which it
is still freely substituted. Interior re-
ceipts Of 1880, al hushels, against 4,404, %
last year, indicate that an abundant crop
IS coming, and that the movement would
De heavier if transporting facilities were
available. Yet the enormous crop will be
readily absorbed Judging by the domestic
milling demand and exports for the week
OF 4,539,295 bushels, against 3, 49,, $50 year
ago. Cotton recovered from the bottom
point of the season, though port re-
ceipts are heavy.
Failures for the week number 2l5 in
the United States, against 217 last year.
and = in Canada, against SO a year ago