The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-05
KEEPS RIGHT ON BOOMING
NO APPARENT DIMINUTION IN COM
MERCIAL AND FINANCIAL
ACTIVITY
MILLS ARE BEING KEPT BUSY
And New Orders Are Placed With
out Any of the Expected Com
cessiOns in Price
Manufacturers.

NEW YORK, Jan. Ar. G. Dun & Co.'S
weekly review of trade tomorrow will
say: In spite of the Interruptions of the
holiday and CT the unusually heavy an
nual settlements in all lines of business,
the new year opens with indications of
further progress. There is no lack of
contracts offered at steady prices in the
country's leading industries and in some
departments of cotton goods there is "A
better movement, though speculation has
depressed the price of the raw material
Otherwise q decline in what is the onlv
noteworthy movement in staples IT is
explained by a reductions in the -four out
put at Minneapolis, some mills shutting
down, while the foreign demand at At
lantlc seaboard cities is not brisk The
ordinary measures of business continue
10 make gratifying exhibits. No -altera-
tlon has yet occurred in quotations of
iron or steel products, and this industry
Is on such a firm foundation that most
large concerns have maintained wages at
the old scale, instead of making the re-
auctions anticipated. Iron ore prices are
also unchanged and no action is now eX-
pected until March, although lower rate
was looked for early in January Coke
is firmly held at Connellsville and there
are fewer idle ovens, While the much
discussed fall in prices appears confined
TO interior qualities at outside furnaces.
Pigiron sells freely for delivery up to
April and there is no indication Of weak
ness. AID finished products are eagerly
sought, many large contracts having
been placed for structural material and
others are under consideration. An
American company is the lowest bidder
for the large bridge at Sydney harbor,
Australia. The purchase Of 700 acres
near Pittsburg, by leading steel COM
pany, indicates great enlargement of its
plant Aside from one reduction of
wages at blast furnaces in the Mahon'ng
and Shenango valleys the weeks news
is most encouraging in this the greatest
of American industries.
The market for textiles has haer
featureless, as the holidays and stock
taking reduced business 10 limited dimen-
slcns. Wool has again declined, making
TIE average of loo quotations 1928 cents
according to Coates Bros. circular. Sales
at TIE three chief Eastern markets
amounted to only 3,12l, 0c0 lbs for the
week and there is much uneaSiness over
the statements of largest stocks at the
end OF the year, while recent failures ha-a
not tended To improve the tone Cotton
goods have not the same difficulties tn
contend with, but an abnorma,ly high
price Tor raw material acts as a check
on TINS industry. Local iobbing and re-
Tall trade is brisk in boots and shoes and
many manufacturers are behind with
their orders, yet uneven distribution of
business has left some shops ready to
make concessions Shipments from Bos-
ton, for the week We're 81, AIS cases, against
Si''a' year ago. Sole leather is pur-
chased freely, but less activity in upper
IehdS 10 weaken prices. Exports of sole
from this city were heavier in December
tEan in any prvious month last wear.
but the total for 1900 fell BOG, 9S6 sides
below 1899. For the first time in MANY
weeks there was some recovery in hides
at Chicago.