The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-28

! NEW YORK, Dec 27-Bradstreet's to-
morrow will say:
Reports of record breaking holiday
trade, of seasonable quiet in leading
wholesale lines, of exceptional activity
at top prices in iron and steel, of sus-
tanned activity in other industries, con-
tinued complaint of car and motive pow
er shortage and a general hardening OF
speculative markets for food produces,
are features of trade advices TO brad
streets this week. This year closes with
a choerfulness of feeling never exceeded
even of late years, and with expectation
of the new year Us bright as any tha-
has gone before Specially s, cd reports
| as to holiday DISTRIBUTION c. me out OF
the East, Central West, Norsnwcst and
Southwest. Advices from some parts OF
the South are tempered with a pessimism
born of the unsatisfactory Yields OF cot
ton in some sections. In the West Chi
cago sends a particularly fine report but
st. Louis, Kansas City, Cincinnati ST.
Joseph and Omaha send re2or1s of the
best holiday trade in Yeas Chicago
/ jobbin:S business is the best on record
and 10 per cent larger than last year,
and the reports of cattle movement are
! good from there and other packing en-
| ters
! The year closes with a burst of activity
in iron and steel Pig iron sales for the
| week have never been equaled at this
season and lack of adequate Transporter
| ton facilities alone is q bar to a still
! greater volume Of distribution. The out
| lock is for production of 100000 tons
OF pig iron, of 50000,U0 tons of ore and
| of 100000 tons of steel in 1901 Prices
have advanced Of late and sl5.75 to SIG
is freely paid at Valley furnaces for
! Bessemer deliveries in the first quarter
! of next year. In finished products the
mills are crowded with business Wire
! rods have advanced 81 per ton. In the
coke trade supplies are piling up near
| the ovens, but furnaces are shutting
! down owing to the lack of cars to move
i one to the other. Some foreign steel is
| coming in, but more German products
are going to England at very low prices
| Wheat apparently cut loose from corn
| this week and displayed exceptional ac-
| tivity and strength for holiday week
| The winter wheat market took the lead
| III this respect, buying being specially
| good at st. Louis. Reports of lack of
| snow over the winter crop have been re-
ceived, but reports of a smaller surplus
in Argentina, better cables light receipts
West and Northwest and smaller gains
ures. Export business has rather been
checked by the rise. Corn has been duh
though steadied by wheat while oats
have firmed up little. Provisions have
shown more strength, and cheese has
been helped also.
Wheat, including flour, exports for the
week, aggregate 1921 $40 bushels as
against 1892 $50 last week, and 3,S6S165
in this week last year.
/ Wheat eXDOrtS ,IIIIy | to date Cwpufv-
six weeks, aggregate 144,92S,09O bushels,
as against 92,952, PA last season.
Corn exports aggregating 42i, 336 bushels.
as against 339,94i bushels last week and
11,150 last year. July l to date corn
exports are 20,550, sis bushels, against 49,
157, 444 last season.
New business in shoes and leather is
naturally small but shipments are enor-
nous. Hides are strong and leather is
also, the outlook being Ter higher prices
for shoes. The cut in refined sugar of
10 to % points is really reflection of the
reduction in raw quotations, though talk
of the war continues. Coffee is
stronger and in better demand. Quiet
is the main feature in the wholesale dry
goods trade Gray cottons for future de-
livery are strong. as with raw cotton,
which has strengthened on good buying
in face of a liberal crop movement Wool
is strong and tends higher. Receipts OF
wool at Boston for the year were 10 per
cent larger than a year ago, but stocks
are no heavier at the close than at the
beginning Supplies i'll the country
are smaller also. Wooden goods are firm,
with mems wear goods in excellent shape
Business failures for the week num-
Der 2i9 as against 262 last week, 2lS in
this week last year, 22G in 1889, 2lS in
1888. and 2e7 in 1887 Canadian failures
number 1s as against "a last week. Is in
this week a year ago, and p in 1899