The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-14
A CHECK ON TRADE
SHOCKING NEWS FROM BUFFALO
PLACED A DAMPER ON COM
MERCIAL ENTERPRISE
AXE AWAITING THE OUTCOME
Staple Lines, However, Are Holding
Their own, and manufacturers
Are Making No COnces-
SionS in Price.

NEW YORK, Sept. 1S-R. G. Dun &
Co.'S weekly review of trade tomorrow
Will say: An aSsasS.n-s bullet checked
the progress of a nation For a time
projected undertakings were abandoned
and orders held back that We're about to
be placed. Spectators sacrificed stocks
and options on grain and cotton. Better
news early in the week brought recov-
cry in prices and postponed business was
transacted but anxiety was again in evil
dence on Friday After the crisis there
VIII be a return to former conditions be-
cause the solid foundation of the coun-
try'S prosperity is too deep to be per-
manently disturbed. In the principal
manufacturing industries there is
steady gain in the number of active mills
and full operation is considered near.
Less urgency for immediate delivery
of goods and less inclination to pay pre-
miums on the part of well posted men
suggest that these consumers anticipate
a return to normal activity with little
delay. Mills are accepting contracts for
delivery of steel rails far into 1902 at SIS
so that no change in prices is near. Fin
ished steel is freely taken whenever pro-
djcerS have goods to offer at reasonable
terms and the increased force in the
plate mills tends to reduce high
prices and decrease imports. Statistics
some surprises NotWit hStanding the
closing of four furnaces of the National
Steel company the weekly capacity of
furnaces in blast on Sept. l was 299 SS1
tons, a decrease of only 1886 tons from
the figures of Aug. p. Instead of a
large increase in furnace stocks owing to
the known decrease III consumption of
steel mills, there appears a loss of TO- 255
tons for the month Of August. Evidently
IL,
very heavily.
Shoe shops still operate full force, and
while the large producers of New Eng
land have the most noticeable activity
manufacturers all over the country re-
port heavy demand.
Dry goods enjoy exceptional activity.
the demand for current needs exceeding
eXrectation, and distribution by jobbers
is Of enormous proportions; at many
points packers working both day and
night At Fall River the print cloth
market received an impetus fronr\ sew
eral liberal orders Many lines. of cot
ton goods, both brown ani-bleached, have
moved to higher level and this branch
OF the textile industry is in a better po-
sition than at any previous date this
season. mainly owing to light stocks in
first hands. Purchasers of wooden and
wOrsted fabrics are largest in staple
lines and while mills have few new or
ders they are fully occupied on long
time contracts.
Slightly easier terms prevail i'll most
of the staple commodities. An enormous
gain in the visible supply of coffee to-
gether with receipts at Brazil ports. full
ly endorsing the largest estimates of the
current crop, depressed No. Rio to
SIC, which is within sixteenth of the
lowest price ever recorded. Cotton was
weaker, partly on account of full de-
tails regarding the old crop and new
spindles, but still more because of light
foreign buying and better prospects for
the yield just beginning to be picked.
Wheat did not respond to a lower gov
ernment-estfnate as the unofficial au-
thorities still anticipate the greatest yield
ever harvested in this country Though
exports from the, United States have
fallen below the unparalleled movement
in August, the weeks shipments aggre-
gated 4,979,959 bushels, flour included
against 3,676,2SS last year, and 3,51O,S4S
in 1899. These figures do not include
Canadian wheat, which continues to go
out freely
Predictions that the yield of corn will
be the smallest since 1894, did not prevent
the marketing of 3,17S,7S bushels, COM
pared with 3,262, 265 year ago, but exor-
bitant prices made exports from the At
lantic seaboard only 5S4314 bushels,
against 2,474,629 last year and 3,031 643 in
1898
Failures for the week numbered IT'S in
the United States, against 1875 last year
and is in Canada against 80 last year