The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-29

NEW YORK, March 2S-R G.. Dun s
weekly review of trade tomorrow win
say:
Favorable weather greatly facilitated
Easter retail trade, the volume of trans
actions in all lines of wearing apparel
being of exceptional magnitude. Activ-
fty was by no means restricted to the
specialties, however, the general distri-
button of merchandise exceeding that of
previous seasons with prices wen main
tanned A distinct evidence of the vigOr
of legitimate trade is found in the de-
cline of only PA per cent in bank ex-
changes at New York, Notwithstanding
the fact that transactions at the stock
exchange were not more than third of
those in the corresponding week last
year, While at other leading cities clear
lngs exhibited a gain of 9.8 per cent over
last year. and 31.5 per cent over 1899.
Demands for an eight-hour day after
May by the blast furnace men was the
most disturbing feature in the iron and
steel industry, and this is not causing
much alarm, as an agreement will prob
ably be reached during the intervening
month. Production is now beyond all
previous records, and the movement of
coke is heavy, although the early opening
of lake navigation may withdraw some
of the Transporting facilities which can
not be spared.
Demand for Implement Stock.
Buying has been notably active in
bars for implement makers, and pro-
ducers have sold their entire outputs
so far ahead that new business is not
sought. Many plans for immediate
structural work have been Abandoned
owing to the insufficient supply of avail
able material. On the other hand, there
are reports of reselling contracts for
FsGi1 c, 81,
who have secured larger deliveries than
will be needed The appearance of this
speculative element would be ominous if
quotations were more excessively in
fated. Aside from the advance in bar
iron at Pittsburg to $3.50 and foundry
iron at Chicago to $3.50, there are no
important price changes. Southern fur
mace products having decided to post
pone the contemplated advance.
A severe reaction occurred in cotton,
due entirely to the excessive speculative
purchases, which made the market top
heavy. A slight recovery in coffee from
the bottom price must =be attributed to
aggressive option buying. as the statisti-
cal position is not improved Brazil re-
ceipts exceeding last years high record
to date by over a third.
A temporary reCuction in refined sugar
was quickly restored, as the market for
again advanced in the face of easier
grain, helpful influence being the larg-
est single order ever placed for the Brit
ish army.
Lower Prices in Cereals.
Weakness appeared in the cereals early
In the week, when there was a certain
unanfrnity about encouraging weather
reports and increased acreage. Suisse
quenty there was partial recovery owing
to less cheerful news from Kansas and
Oklahoma, but the net result for the
week was a decidedly lower range of
prices. Wheat exports materially de-
clined from the satisfactory record of
4,6T,49e bushels last week, to only $685.
C42 bushels this week, which compares
with 5,s56,S32 in the same week last year
Ihere was decrease in Western receipts
to 2,IFO ga bushels, against 4052, sos a
year ago, btt the difference in arrivals
OF corn were less striking, 1976,064 bush
els, against 1852, 1913 a year ago. Allan
TIC shipments of the minor cereal were
only 1854 bushels, compared with 1885,
461 In l90l. According to an analysis
of the official returns by a Liverpool au-
thorlty, there will be only 13,O00,G00
bushels of wheat in this country at the
close or the crop year, but the state
ment is based on exports for the last
four months OF half as much as the
reeord-breaking shipments Of the preced-
ing eight months, which is extremely
improbable.
FURTHER alteration in the figures should
be made to allow of the underestimate
of the total crop.
Failures for the week numbered POS in
the United States, against 2O6 last year:
q in Canada, against 20 last year.