The Minneapolis journal., 1902-08-02
Sworn Average Daily Circulation
for the Month of, July, 1902; ,.
Record of advertising OF
Minneapolis papers tor
July, 1902. co.'s:
Journal, Il issues 9%
Tribune, 81 issues Oil
Times, 81 issues >. 7I
THE WEEK IN BUSINESS

During the week tAe oAu puso0oi " s"Ao
shipments abroad did duty again as an
influence for disturbance In the eastern /
money market. On Tuesday Sl,ooo'ooo
went out, another 81 900 600 ca -Wednes- !
day and more later in the week. There |
was the usual Tightening up all around
and some tendency towards liquidation IN
the stock market notwithstanding there
was no apprehension on the part OF pank-
ers and no special Significance attached 20
q movement of gold at this time. Our
country is carrying the largest surplus
of gold in the world, and gold VIII con-
tinue coming in from Alaska for Two
months yet Cotton and wheat Will short
ly begin moving to Europe in volume, aud
with interior banks drawing upon New
York for money to move the crops there
will then be no more gold exports.
The outlook, viewing the country IN It's
entirely, is better than last week, IN that
the generally favorable conditions are
maintained, while the crops are step
nearer maturity.
Heavy shipments Of wool and cattle are
giving the western railroads enormous
will maintain their good showlngs on
present tonnages, and break all records
after the crop movement gets under way.
The anthracite strike is curtailing steel
production and this at time when every
pound Of steel Is spoken for before pro-
duced To-day marks the close of the
eleventh week of this unfortunate strug-
gle, with nothing Of amicable settlement
vet in sight Counting the loss to the
men in wages, to the operators and the
business men of the region. the damage to
mines and machinery, the loss to other
industries indirectly affected, and the
cost of maintaining the non-unlop men
and their protectors, the police. and the
total is in exces bf s60, 0,000, 900. It has
been dreadful waste. and the final et-
feet of it may be to hold down figures for
the annual production in several limos
that otherwise would have surpassed all
previous years.
The northwest holds to q good volume
of trade in the leading jobbing and manu-
featuring lines, and tor Minneapolis the
usual gain in bank clearings is shown.
the figures for this week running 2O.s per
cent above last year tat s11,202,6b2. The
flour trade, while not as heavy as could
be wished, showed Improvement over the
several weeks preceding. In lumber there
is talk of further price advances. Wool
Is steady at a level several cents above
prices at this time last year.
The building record tor 1901 will be
broken. Recent undertakings In Mime
apolis will more than make up for the
period of intermediate quietness here thai
followed the activity Of the opening Of thu
year and a very gratifying showing will
be made in the final reports for Mime
apolis.
In the grain trade there is feeling o
satisfaction over the closing Of the Jul.
option. Every prominent grain marke
had its tightening up in July, and will
the lightest supplies for years In wheat
corn and oats there was opportunity fo1
price manipulation to the close. Witt
the nervous hesitation naturally attend
ant upon market conditions in some de-
gree artificial. now gone, the grain mar
kets will be on a basis where normal in
fuences will be given more weight. Al
was quite to be expected, wheat price!
declined. This in response to the ex
tremely favorable spring wheat reports
Let anything Of danger to the northwes
crop arise, and the sharpest price reac
tions may be expected.
The Toronto Mail and Empire is ver.
mad because Clergue is putting some o
his industries on the American side Of tn
$500 lot grateful for what Clergu
has done with American money in infus
ing Industrial life into dormant prov
ince, the Mail and Empire insists that h
is ungrateful because he does not kee
all his enterprises on the Canadian side
If the Mail and Empire is under the i'm
preston that Mr.. Clergue is working TO
Canada instead Of the Clergue companies
It. should wake up. Mr.. Clergue is afte
the dollar. Canadian locations help hir
to get some dollars, American location
will help him to get others. The Unite
States is the greatest paper market in tn
world. Mr.. Clergue would be foolish. in
deed, if he did not build paper mills 0
this side of the line to use Canada
pulp Mr., Clergue being in business fO