The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-18
The Week in Business.

The week witnessed the elimina ton Of
the most unfavorable feature the passing
of the greatest obstacle to progress that
the country had known for a long time.
For several days the progress towards
the settlement of the coal strike held
the country in suspense. So many at
tempts at settlement had been made and
so many failures recorded, that the BUSH
ness world was slow to build new hopes
upon the early assurances given out, and
not until the miners had accepted the pro-
posed terms and the presidential COM
mission had been appointed, did the coun-
try experience the full sense Of relief. The
realization that this great weight had
finally been lifted came as a stimulus even
in the business circles most remotely
affected by it.
It is almost clear field now. Giant
strides will be made, for there is every
legitimate element in view, on which to
base prosperity. The money situation in
the east will be handicap in way, yet
the tendency towards over speculation
The most hopeful financiers do not ex-
pect easy money in New York, for a
time, but already matters are so shaping
as to bring it about ultimately. The. re-
turn flow from the west may be late in
starting, but meanwhile our exports, are
running close to record, the past month
showing the grand total valuation of $115,
521, 1884. This indicates good credits abroad
suggests gold importation later on, an6
| foreshadows a plethora of money after g
month or two
| The railroads continue piling up earning:
and Notwithstanding the great decline:
naturally to be expected in the reports o.
the anthracite coal roads, the forty-thre
| leading lines show an aggregate increase
| for the first week in October Of 6.18 pei
cent over the corresponding week las
year. The Great Western remains an I'm
certain factor in the western rate situa;
ton. The Milwaukee is believed to b'
| contemplating an extension to the coast
although the latest repor says traffic ar
rangements have been perfected with tn
Union Pacific and that the Milwaukee will
| I1OI Uu11N, dI ISdSS A1Ol az "a SSS4AI. AASA
is some grumbling on the part Of railwa
employees in the west, but nothing ha
occurred to warrant any uneasiness O
apprehension Of any trouble.
Cooler weather has helped retail trade
Moderate advances are noted In man
commodities, while iron and steel ar
materially higher. With coal obtainabl
many furnaces that have been cripple
for q month or more are expected to re
sumo operations on the former large scale
Here in our own section we are maxim
substantial gains in the general volum
LOT business. The northwest leads tn
country; Minneapolis leads the northwes
This week we broke every previous recor
with a production Of 443, 1870 barrels Of f1ou
The flour demand is good, with inquir
coming from every quarter and the pros
pect favorable for heavy grinding by til
local mills to the turn of the year. Graf
receipts are increasing somewhat an
, while we are behind in receipts OF whes
by 100000 bushels compared with las
, year, we are ahead that much in receipt
of corn, oats, barley and fax, and no
!, the wheat is beginning to come more free
!. lily. The local jobbing and manufacture