The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-07-20
The WEEK IN TRADE.
SOME SLIGHT DEPRESSION HAS
RESULTED FOLLOWING INDUS
TRIAL DEVELOPMENTS
THE COUNTRY IS PROSPEROUS
And Failing OF In General Business
LIS Small Compared to what
Would Have Been the
Case Heretofore

NEW YORK, July 19-R. G. Dun Il
Cos weekly review of trade tomorrow
will say:
Anxiety regarding unfavcrable posi-
biilties in the future tather than any
actual present m .siCrtune depressed Sc
curities and caused cancellation Of some
orders for merchandise by Western deal
ers. Retail distribution of goods will
not be curtailed by the labJr contro-
versy unless it is Of long duration, "a
the men have saved money during the
recent period Of full employment and
high wages. Similarly, in some ayr
cultural districts, where there is lear
that little corn will be harvested, pre-
ceding bumper crops at good prices
have put the farmers in such prosper
Gus condition that their purchases will
not fall off materially, while the greatest
crop of wheat on record has not brought
a return to low prices of previous heavy
yields
Beyond advancing prices of steel sheets
and depressing ,.4e market for tin quo
tations nave not be- affected by the
strike of the AmGlgamated association
Fig IRON furnaces are not disturbed al
though record-breaking production will
bring accumulation of stocks if the roll
ing mills axe kept idle for any length of
time. In the branches not directly con-
cerned there is no change of conditions,
An early settlement is confidently expect
ed and there is much Keller over the gen
eral collapse of the machinists strike.
In anthracite coal regions work has also
been interrupted but the recent eX-
ceptionally heavy output assures album
dant stocks for some time.
Wooden mills are generally more active
than at any time this year, orders for
heavy weight goods arriving in large
will
soon open and although it is expected
that concessions of from to 10 per cent
on last years prices will be made, there
is prospect Of profitable operation, unless
the raw material should advance Some
uncertainty is seen in the wool market,
sellers making futile efforts to secure
better terms, and ultimately accepting
bids at former figures. The tone is dis
tinctly firmer and stocks at mills and in
warehouses decrease. In cotton goods
the situation is unccanged There was
a decline in cotton be,ow S12 cents, fol-
lowed by slight recovery as news from
plantations failed to show the desifed
Improvement. Fore gn consumption is
light, judging by reduced exports and
port receipts of the old crop are still lib
eral. These are the depressing elements
that keep prizes IL cents below last year.
Stability of prices seems assured in
the footwear industry. The firm tone is
sustained by the steadiness of leather
and buyers are not seeking con-
cessions. Factories are running full
time with orders on hand for months
ahead Fall orders arrive freely and
many New England producers refuse new
contracts unless allowed to make de-
liveries at their own convenience.
Limited supplies of I->-.ner make the
market very firm. Hides are fairly ac-
tive and steady some grades at Chicago
tending downward on account of increas-
ed receipts of cattle, on account of the
drought, but this should be a supporting
factor as later arrivals must show a
decrease.
Calmer counsel prevails in the grain
markets, exaggerated dispatches were
discounted and variations in quotations
were less extensive After a severe
break from the best price last Friday,
wheat steadily advanced as the feeling
became general that foreign requirements
would bring a new record for exports.
possibly exceeding 2500c0,000 bu Some
of the heavy crop also may be used
for fodder in sections where corn is des-
troyed, These influences fully offset the
effect of interior receipts for the week
of 6,750,242 bu, against only 1882 ,253 last
year Atlantic exports show a large gain
over last years figures for the week,
amounting to S,975522 bu, against 2,S12,7OO
a year ago. After some reaction, corn
recovered some of the loss, and holders
showed their confidence in values by
marketing only 3,36194 blu for the week
against 4,136,153 year ago, although the
high price was distinctly reflected in
Atlantic shipments of only 1,19S894 bu.
against 1861 ,916 in 1900
Failures for the week numbered 1913 in
the United States, against 231 last year,
and thirty-two in Canada against twenty.
seven last year