The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-30
TRADE REVIEWS ARE VERY ENCOURAGING
DUN NOTES But FEW DISTURBING
ELEMENTS.


NEW YORK, Nov. 29.-R. G. Dun &
Company's weekly review of trade toner
row will say:
When consumptive demand equals OF
exceeds supply and prices are firmly held
at an exceptionally high level, 1t is gen
orally considered thta there is little to be
desired in the business situation. These
factors are now in evidence to an un-
usual extent, yet many industries are
hating. The principal disturbing element
is the lack of cars to handle the phenopl-
email shipments that are urgently needed.
In the same connection there have APP
peared numerous labor controversies
among switchmen, freight handlers, river
pilots, miners and other allied workmen
which combine to make the problem OF
transportation most intricate.
Although the movement of grain to in
terror cities is at the rate of nearly
100000 bu daily, the westward traffic OF
merchandise is so unprecedented as to
necessitate the return of empty cars.
Any loss of general trade due to the
holiday was more than made up by the
phenomenal preparations of the preceding
days and the dealings in SPECIAL lines.
Buying of railway supplies is the most
urgent feature in the iron and steel trade,
rails, cars, engines, structural material
for bridges and shop equipments all being
wanted much earlier than they can be
delivered. In general lines the movement
is scarcely less active and at present the
business In 1902 appears limited by facili-
ties, but it is probable. that producing
capacity will be greatly enlarged.
Shoe Factories Are Rushing.
Shoe shops at the East are fully en-
ployed, while Western producers were
never before SO actively engaged. The
| only section where factories are not Ell
joying entirely satisfactory business is in
| this immediate vicinity and local con-
| Germs do not provide a large proportion
of the aggregate capacity. Jobbing trade
is greatly accelerated by the fall in tenn
! perature and makers are importuned for
! early shipments. Leather sells freely at
| full figures and dry hides are another
| fraction higher, but slaughter hides at
| Chicago are easy.
| Recent buying of cotton goods for China
has stimulated the export movement and
| for the year thus far, the value SHOWS
| an increase over any preceding year.
Asia and SoutR America are the leading
| customers Conditions are even more
| favorable at wooden mills, one concern re-
| fusing a large order for delivery in Feb
ruary. Heavy weight goods are very
active with retailers and jobbers.
| Another high record for the season was
| established by cOTIl EOl dlOuG GcCduSe1 VI
| speculative operations, although these
were most aggressive at the West. Even
! at the recent level of prices, which sur
passed all high recor6s in about ten
years, it has proved futile TO undertake.
| commitments on the short side of the
| market. Domestic requirements alone
provide the element of Strength, for out
| side buying is only about 10 per cent Of
| the business in previous years. In At
! lantic exports for tue week were 25S.7
blu, against 3,570,696 last year.
Receipts come forward slowly, despite
the attractive prices, for the week
amounting to only 2.20S,279 gu against
| 3,3S6,370 last year.
Wheat also held firmly, closing the
week more than four cents above the
price a year ago, which is most salts
factory in view of the vast increase in
yield. Receipts at the interior are liperai
/ -6,2So,44S bu, against 3,o91,I9S last year;
but the gain in foreign buying is still the
feature, exports from all ports of the
United States in five days aggregating
2,975 ,S19 bu, compared with S3a070 a year
ago.
Failures for the week numbered 1S2 n
the United States against It's last week
and Is in Canada against q -ast year.