The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-28
The WEEK IN TRADE
LEY'S MURDER HAS DIS
APPEARED
CONSUMERS HAVE THE MONEY
Fact Is Shown by Increased Demand
for Better Grades of Goods
Steel Production Is Near
Iy Normal.

NEW YORK, Sept. Pr. G. Dun &
| Company's weekly review of the trade
| tomorrow will say:
Normal conditions have been fully re-
stored in the distribution of merchandise
the placing of delayed orders stimulating
the few lines that appeared to halt. One
of the most gratifying features of the
business situation is the pronounced
preference for the better grades of goods,
clearly indicating the improved financial
condition of consumers Resumption of
work has progressed rapidly in the steel
industry since the settlement of the labor
| controversy and there is little discord
between employer and employed in other
lines. Stability of prices without int1a-
ton, is the rule, except where the unusual
| size of crops introduces a special factor
Steel production is now progressing at
nearly the average rate. There are in
terruptions and delays through inability
to secure special lines of material and
higher prices are quoted for both steel
and iron bars, steel billets and some other
shapes.
In pig iron there was the greatest activ-
lty since the strike began, most brands
reaching higher prices. Sales of 10000
tens bessemer at valley furnaces were
reported, equal to SIG delivered at Pitts
burg. Other large orders were under ne
gotiation and producers look for a ris-
ING market. Higher prices for billets
were partially nominal, owing to the i'm
possibility of securing deliveries, but
Tree movement is anticipated shortly A
record breaking output of steel rails is
practically assured for 1901, and the new
year will open with an unparalleled vol
ume of business on the books Plates
and structural material are very strong.
The market for footwear is still on a
strong basis. In a few cases prices are
10th hill
are sold at better figures, but not sutt1-
cient business is recorded to warrant
change in list prices.
Leather and hides still reflect the heavy
demand for finished products, and exports
OF leather are also sustaining feature
Textile lines were well engaged as a
rule, much better news being received
from cotton spinners at the north. and
Southern mills are busy though there
is less night work. Wool is quiet but
firm.
Investigation Of the cotton situation
throughout the entire belt reveals an
extremely uncertain state of affairs At
many points the crop is beyond danger
so far as frost is concerned while on
some plantations this is the only factor
that can prevent an increase over the
previous yield.
There is no doubt regarding the ex-
tenstve losses sustained in Texas. but
the tenor of reports from Atlantic states
promises to more than make up the de-
hclency If weather conditions are favor
able during the next few weeks Heavy
rains have recently done serious damage.
tending to reduce expectations of II, 900 900
bales that had prevailed for a time.
There does not appear to be any con-
cerned effort to hold back the crop and
Hght port receipts must be attributed to
the lateness of the staple
Steadiness in quotations of corn at the
present high level is all that producers
could desire. Making full allowance for
the smaller yield, and the decrease in
exports which has thus far been much
greater. proportionately, there does not
appear to be satisfactory reason for the
rise OF fifteen cents over last years fig
ures and rs cents over the price at this
date in 1899. Shipments from the At
Iantlc coast for the week were 728 go bt
against 1,560,01s blu last year. and 2954-
AT bu two years ago. A heavier move
ment is expected, owing to larger buying
for foreign account, secured through low
rates for transportation. Wheat Is well
sustained, and still better prices are
promised by the heavy export movement
which from all United States ports for
the week reached 5,26S,413 blu. flour in
cluded, against 8 557, 1882 last year. and
46O5,362 bu in 1899 Western receipts of
,456 bu exceed even the liberal ship
ments in 1900 of e954, III bu.
Failures for the week numbered 227 in
the United States against 2O4 last year
and 81 in Canada against 10 last year