The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-22
WEEKS TRADING REPORTED DULL

NEW YORK, March 2-Bradstreet's
tomorrow will say: Spring jobbing trade
has passed its maximum, but is still
active at all leading Eastern, Western
and Pacific coast markets Continued
good crop adviceS and plentiful rains
help Southwestern trade, which shows O.
further increase, and alone among the
telegraphed reports Southern cotton
growing sections show dullness and hest
tatfon in wholesale trade, with COM
plants of delayed collections Iron and
steel still set the pace, but famine talk is
less generally heard, although all ener-
Gtes are still strained to meet consump
tive requirements and imports of foreign
pig iron are noted. Despite the severe
storm in the Northwest, reflected later
In other sections of the country, in a re-
currence Of the winter weather, spring
farm and trade prepare tons are still
going forward actively.
Dry goods are in less active demand at
Eastern markets, but the volume Of trade
is SoCo' ana recorders are larger than
expected.
Wheat, after failing to respond to cold
weather crop damage talk, weakened on
reports and predictions of further rains
IN winter wheat belt, but at the decline
struck large export orders, which turned
the market upward Liquidation has been
the feature in this cereal and in corn
and oats. which latter are lower on the
week. Cotton prices appear to have
struck dead center, receipts having
been smaller, while exports, though
lessened are suIl liberal, but specuIa-
lively the situation appears to have been
overbought.
Building Activity Increases.
Futures are slightly though irregu-
larly higher. while spot cotton has re-
NAMED unchanged. In manufacturing
fields the demand is on the whole oui-
eter producers manifesting a reserve and
d1smclination to commit themselves.
Print cloths are actually higher on tho
week Wool is firmer, largely owing to
the small supplies available and the feel
ing that higher prices will be obtained
for the new clip. Arrivals of Australian
and South African woods are large, but
without any effect, because Of having
been previously sold
Wheat, including flour, exports for the
week aggregate 4,326,304 bushels. against
$50 bushels last week, and 3,256.544
IN this week last year. Wheat exports
july 1, 1901, to date Ghirty-eight weeks),
aggregate 191, 494,931 bushels, against 49,
428,fS9 last season. Corn exports aggre-
gate 339,891 bushels, against 1873, Ala last
week, and 2,6O5,0S4 last year. July l, 1901,
to date, corn exports aggregate %, 994 965
bushels, against lac, 3S3,394 last season.
Building activity is increasing, and
lumber IS bought freely at all markets.
Hardware and wire nails are likewise
active. Boot and shoe manufacturers
are busy on previous orders, but new
business is light, pending the trial OF
strength between the jobbers and manu-
facturers, on the one hand and between
the manufacturers of shoes and of
leather on the other. Eastern shoe
shipments last week We're almost cut in
two by the Boston tie-up, and the former
excess in shipments in favor of this sea-
son will have been practically lost there
by.
Business Failures Grow Less.
Coal shipments have been no larger than
needed, and prices remain steady. Fur
mace stocks of iron are unprecedentedIy
small, but supplies of coke are going
forward better and production is active.
with the result that less concern is felt
by consumers as to supplies. Premiums
for quick deliveries are, however, as
nigh as formerly, and eager buying for
fail delivery Is still reported at Chicago
and Pfttsburg. A further advance in
Southern iron is prevented only by the
fear that freight rates may be advanced.
Pittsburg reports an enormous demand
for structural materials, 5000 tons being
sold during the week. There is an i'm
preston there. however. that forge and
foundry iron are being overbought.
Business failures in the United States
for the week number 1877, as against 224
last week, 231 in this week last year, 1872
in 1900, 1872 in 1899 and 215 in 1888
Canadian failures for the week number
26, as against 81 last week and Al in this
week last year.