The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-23

Lack of Fuel.
NEW YORK, Aug. 22.-Bradstreet's
tomorrow will say: Trade develop
ments are still largely favorable, fall
jobbing activity being widespread, and
reports as to collections are more uni
formly encouraging than for a long
time past. Weather conditions have
not been altogether favorable to corn
at the North or cotton at the
South, but decadence in crop pros
poets is still largely matter of trade
sentiment rejecting some reaction from
earlier buoyant agricultural prospects,
Industrial activity has apparently new
er been surpassed and what checks are
noted, are either as in the case of an
thracite coal stoppage, of ancient date
or as in the case of the furnace shut
downs in iron and steel trades, the re-
suits of superintendent railway traffic,
curtailing coal supplies.
Harvesting, except of corn, has been
completed, except in the more northern
sections, and results in these latter re-
spects are more or less secure The
high prices of cattle, sheep, hogs and
large shipments, which seem destined
to cause a natural downward drift in
prices.
Fall Trade in Full Swing.
Fall trade is now in full swing at
most of the leading centers. Buying
OF dry goods, shoes, clothing and mil
hnery is liberal. Some sections, partic-
uIarly the Southwest, report the best
trade in years, but withal there is a
tone of conservatism which tends to
prevent speculation and any excess
which may result in overlooking.
Almost uniformly good reports as to
collections come not only from the
West and Northwest, but from many
parts of the South, where trade is
picking up.
Some shading of the rosy crop con-
ditions noted for some time past is
reported in kilograms to Bradstreet's.
Spring wheat harvesting has been in
terfered with in some cases by rains.
but final promise has not been mate
rally impaired. The weather in the
corn belt has been too wet and cool
for the very best progress of the plant.
Complaints of hot, dry weather caus-
ing shedding of cotton come from the
South, but in Arkansas, in the Mem
phis district and in the neighborhood
OF New Orleans conditions are claimed
to be highly favorable That the crop
will be earlier than usual seems GER
tain. Rice in Georgia, Louisiana and
South Carolina promises to be a large
crop.
Wool and Pig Iron.
Raw wool is rather firmer. on the
whole, based on moderate stocks. the
activity of the mills on fall trade ac-
count and the freedom with which the
buyers of mems wear material for
spring delivery are taking hold. Lack
OF fuel threatens to make the shortage
In pig iron acute. In the Pittsburg dis
trlct the long standing complaint of
car shortage has eventuated in the
banking of many furnaces for want Of
coke, of which there is plenty at Con-
nellsville.
Plttsburg appeared to have out
grown its railroad yard facilities for
one thing and the fear is expressed
many pig iron contracts for the sec
ond half of this year may remain nm
hlled. A shortage of coke exists at
chicago, however, while Baltimore
complains of dearth of pig iron and
foundries shutting down. Some
foreign steel is reaching Chicago. Ia. :
700 tons of billets having been sold
there this week, but it is claimed that
TINS material is making little Roadway
at Plttsburg. Pig iron is in demand
at Chicago for Southern account. a
scarcity of some grades being noted
lhere Rails and structural material
are in as heavy demand as ever the
country over. The effort to induce the
TN plate Workmen to accept a wage
reductlon IN order to capture orders
wnlcn would otherwise go abroad, has
not as yet been abandoned. The wire
trade is little stronger, but the sheet
trade is dull. HARDWARE is in excen-
uonaI demand as heretofore. and ma
chlnery manufacturers are yerv gen
orally crowded to keep up with or
ders.
The Grain Exports.
Wheat and flour exports for the
wee week ending Aug. 81, aggregate s.
bushels last week and 6.606 $50 hnsbe1S
IN this week last year. Wheat ex-
ports since July 1 aggregate 80. 944 767
bushels against 50,67S,9S7 last season
corn exports aggregate 51,649 bushels
against 93,423 last week and 523S83
ldSt year. For the fiscal year corn ex-
ports are 703,493 bushels against III
051 bushels last season.
The shoe and leather trade is in an
interesting condition. Buying of shoes
IS active at Western points and manu-
Iacturers are busy, while tanners sales
are large. The East PHILADELPHIA
manufacturers are busy and sole
leather is active. The New England
industry, while in better shape than for
some time past, reports little money
IN the business. Leather tends un-
ward and hides are very strong. Shoe
shipments from New England points are
showing SNOW gradual gains from week to
Tor the week and the season.
BUSINESS failures for the week ended
Aug. Il number 1S1 as against 1S1 last
week, ISL in this week last wear Tn
canada for the week 26 as against %
last year. 90