The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-11
BUYING OF SPRING STOCK HEAVY
Bradstreet and Dun Report Post-HoIiday
Trade of Generous Proportions.

NEW YORK, jan 10.-Bradstreet's to-
morrow will say: Trade advices exhibit
some irregularity, caused by weather
conditions or proceeding from the early
stage of the season.
That a considerable spring business
has already been booked is indicated by
the heavy shipments of merchandise
Speculation is likewise exhibiting a
broadening tendency, but here also some
irregularity is manifestly owing to
counter currents and the technical mar
ket conditions. The growing ease of
money is a reflection of previously re-
ported good collections, following trade
in the late months of last year.
Iron trade is unprecedented for this
season of the year, and further advances
of soc and 81 per ton are noted in char
coal pig, which is taking the place of
other grades at Chicago as a result Of
uncertainty due to insufficient transpor-
tatiOn. Southern pig iron has been firm
ly put on $12 basis for No. . at Birming-
ham, and foundry pig has been advanced
SOC at Philadelphia and Pittsburg.
So full of orders are American rail mills
that a contract for 10000 tons for Mexi-
co went to England this week, no Amer
lean bis being received. New business
reported, chiefly for the second half of
the year, is of good volume, and, in ad-
dition, some large sales of foreign iron
are reported. Alone of finished products
wire and nails have been weak, but this
exception has been party remedied this
week by the advanc of 10 cents for nails
and less talk of outside competition is
heard. Other metals are weak.
Spectators Fancy Cereals.
The feature in cereals has been the I'M
questionable growth of speculative feel
ing as reflected in improved outside or
commission buying of wheat, corn and
oats, while flour has also improved in
general demand. Crop damage in the
Southwest and reports of exceptional
activity at St Louis have been stimula-
ting factors, but all through the week
realizing has been the restraining feat
ure, sufficient in the case of corn, aided
by freer country offerings, to bring
about a slight decline. Exporters are still
declared to be out of the market in this
cereal, and in wheat, and, despite good
cables from abroad, the advance in de-
nestle markets has been so pronounced
as to induce talk of re-shipment of
American wheat from Liverpool.
Wheat, including flour, exports for the
week aggregate 1867, no bu, as against
4,S1S47l last week, and 1901, 095 in this
week last year. Wheat exports, July l
to date (twenty-eight weeks), aggregate
15S,31421 bushels, as against 102, S27 $40
last season.
Corn exports aggregate 1858 bushels,
as against go 237- last week, and 9S7, $50
last year July l to date corn exports
are 20957, 64 bushels, against 102,546, 30
last season.
Raw cotton was very weak early on
continued large receipts, leading to an
increase of estimates, but strong buy
ing movement was encountered on the
reaction, and most of the loss was re-
gained.
Wooden goods mills are actively en-
ployed, plain dress fabrics are meeting
with a liberal business, and orders for
mems wear are such as to stimulate con-
fidence in the raw material, which is
fully PC higher on the week at Boston.
Shoe shipments are still largely in eX-
cess of a year ago, though this is stock
taking period, and new business is nat
urally light
Business failures in the United States
for the week number 346, as against 30
last week, go in this week last year,
295 in 1900, 3O4 in 1892 and 323 in 1898.
For the week failures in Canada num-
Der 80. as against 25 last week, 36 in this
week a year ago, Is in 1900, As in 1900,
81 in 1898.