The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-02
TRADE HOLDING IT'S OWN
DEMAND IN ALL LINES CONTINUES
GOOD AT STEADY
PRICES
STEEL MILLS ARE ALL BUSY
Wire Nails and Barbed Wire Marked
Up So Per Ton on Heavy
Demand From the
West

NEW YORK. Feb. 1-R. G. Dun e.
Co.'S weekly review of trade tomorrow
will say:
The week in general business has been
without striking new features, but in
this respect the outcome has been favor
able. Not one of the great industries
finds any scarcity of orders for goods
ana business is done at prices which
snow a slight tendency to rise, except in
textiles which have been affected by the
reduction of 10 to 20 per cent in the
seasons opening price by the American
W DOL company This cut is expected TO
De indefinitely continued. DEVELOPMENTS
IN the money market. however, indicate
that the dry goods trade is preparing for
season of activity and the new wooden
Tr1ces are not lower than most BUYERS
expected. There is nothing discoura ging
IN the slight decline In commercial prices
from Jan. to Feb. 1 and railway earn
1ngs continue large increasing i'll per
cent for three weeks of January over last
year and 26.2 per cent over 1899. New
Y ork bank clearings for the week gain d
4S3 per cent over 1900, and outside New
York the gain is 1913 per cent There is
loss of -O4 outside New York for the
week, compared with 1899, but 1t is due
10 the fact that enormous settlements
were made in that year
ADVANCE IN STEEL.
While steel mills have contracted for
their product for three months ahead.
prices naturally rule ahead. There is ex-
pectat1on of a gain In BesSemer, while
fumors are active as regards billets.
plates and structural materials. All
those lines show brisk demand Wire
nails and barbed wire were advanced 50
per ton owing to heavy orders from the
west and 1t is expected the few mills
still idle Will shortly resume. Activity
In Texas oil fields had an influence on
the sales. Wages are in a fair way to
be satisfactorily adjusted at Valley
FORGE the reduction agreed upon is les4
than originally announced. Export
orders decrease and the Russian armor
plate contract may not go to an Ameri-
can, although his terms were the best
THE LEATHER TRADE.
Boot and shoe shops receive more
orders and although quotations are nom
inally unchanged many makers refuse
new contracts without a small advance
Inc upward tendency Is so general that
purchasers are eager to do business at
the current level. Jobbars have arrived
at Boston in great number and Inquire .
indicate that liberal sales will result
Leather sells freely, particularly OF
Union Seal. but the large transactions
were probably at Slight concessions.
S'Ae'>Su nil llSOS DeCOule conspicuous
feature of tho market, factories running
at full capacity. but failing to meet the
demand. The market is irregular with
more indications of advancing than OF
declining.
WOOL MARKET.
A sudden increase in the sale of WOO,
at the three chief markets to 5,415, OOy
pounds. against 1867. COO pounds in the
previous week, does not appear sig
1uhcant. After such an unusually dull
season some recovery was in order For
hVe. weeks sales were 181S7,70O pounds
against 28,579,S30 in the same weeks of
1S96, which was the smallest aggregate
In five years. These figures Indicate
present conditions in this industry. Even
the small operations were only accepted
at further reduction in quotations.
the average now being the lowest since
June, 1899 Interior holders are stub,
tornly refusing to accept present prices
heavyweight Suitings were opened at the
expected reduction and another week Of
the London auction sales is not expected
to have any effect
Gotten vagaries have not been regard
ed with alarm by spinners, since a tenn
por&ry corner cannot have any important
effect in the commercial world Some
mills sent their raw material to the aid
of short-sighted individuals. who had
sold cotton they did not possess.
although local stocks were known to be
light. For few days miGdling upIands
sold at l2c, SURPRISING all record for
many years, but with the end of the
January deal there was sharp decline
to more rational position.