The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-22
WEEK IN WORLD G TRADE :
ACTIVITY OF BUSINESS THROUGH
OUT CONTINUES UNDATED AND
EVEN INCREASE
IRON BUSINESS IS HEAVIER
Crop Situation Promises an Album
dant Yield in Leading Cereals
In All Sections of
the West

NEW YORK, June 21.-R G. Dun &
Co.'S weekly review Of trade tomorrow
will say:
Increasing distribution Of merchandise.
particularly in the territory beyond the
Ohio river including the far Northwest
is feature of the general business stu
alton and tells of widespread prosperity
and confidence. The railroads are car
rytng more goods that may be cIassed as
luxuries than before and in spite of Wall
streets slightly higher money market
there is no fear on this score in any line
Of legitimate trade. Crop news continues
good, there is less trouble from dis
agreements with labor and the long lag
gard cotton goods market has recovered
slightly with the reduction of unsold
stocks of print cloths.
Less interruption through labor con-
troversies at machine shops makes the
iron and steel industry more fully en-
ployed than in recent weeks. and for
another week there IS assurance Of Wig
orous activity at mills and furnaces. In
many instances promised deliveries can
not be made before July l, anu urgent
business that is now offered cannot be
undertaken. It is also noticed that much
foreign business is available, but manu-
factUrers refuse to make bids. On the
other hand it is stated that quiet condi-
tons viii soon be the rule and fires viii
go out for the customary summer over
hauling. This may be the case at a few
plants, although the requirements of
railroads and other known needs are
such as to render any general suspen-
sion very improbable. Large sales of
bessemer pig reported last week
have since been denied and foundry iron
is now the favorite, especially at South
ern points. No alteration is recorded n
prices, aside from a moderate reduction
in gray forge.
No decrease is seen in shipments of
boots and shoes from Boston, forward
ings continuing far in excess of other
years, but actual production Of the
shops is slightly reduced and there IS
less new business offered Quotations
are shaded about 21a cents on a few
grades, particularly as to boots, and
seasonable goods as well as fall deliver
les are more quiet. The more fortunate
manufacturers have business to occupy
shops to the end of August. Local con-
Germs have fair orders from the West
and South for autumn goods, but are
otherwise inactive Leather reflects the
decreased needs Of shops, though heavy
stock commands top figures owing to
scarcity.
A year ago the trade was beginning to
realize the extent Of injury by drought
in spring wheat states and in q few
days about eight cents was added to the
price This year decline Of similar pro-
portions has occurred unattended by any
star thing disclosures. AS the season adj
vances crop conditions steadily improve
and in some states the winter wheat Is
being harvested. No severe dropin quota
lions is anticipated, however, for the
crop is by no means beyond danger In
the Northwest and even a yield equal to
the largest estimate may be required il
the most gloomy foreign fears are re-
allied. Instead OF raising sufficient for
its own needs, France has come forwa. d
as an anxious purchaser, and many
other foreign countries are dependent on
imports to an unusual extent. In three
weeks exports from Atlantic ports have
been 10. 4O,816 bushels against S,S26, 1888 last
year and 6504 262 in 1899 For the last
week the movement from the Eastern
seaboard does not show the usual gain
over last year. but Pacific shipments
were 950, $40 bushels against SAG 43j in 1860.
Failures for the week numbered 1873 in
the United States against 179 last year
and "A in Canada against Is last yer.