The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-10-02

I4O; DeBeers 1875; Denver & Rio Grande, Ply
s3s hfsi K!f lo ssif Dtsss
NsW yerk Central ls1; li Nerfeik Aa MestsFa '
59M; Norfolk 8 Western preferred, s9h; On.
M o sssshE p t
5s; Reading second preferred, So Southern Rail.
nioa Pacihs pssterfsa s.; Haited STATES stss
Bar silver, steady 27%d per ounce.
The rate Of discount in the open market for
short bills is By @3% per cent
1.-THE The rate Of discount II the open marke. for
THE MERCANTILE REVIEW.
New York, Oct. Especial kilograms to the
International Mercantile Agency regarding the
as follows: -s--'
Some concern has been felt lest the wage re-
duct1on movement, begun by pig iron makers
and In the building trades at ST. Louis and
elsewhere may extend to other lines Merchants
somewhat At Minneapolis and tributary terri.
tory the jobbing demand is less than expected
ana and. It Is thought collections may be delayed
thirty days. altho spring wheat threshing pros
poets are rather more favorable than last year.
Country merchants thruout the northwest are
beginning to hold off little.
wholesale and retail trade in the iron and
coal regions Is somewhat upset over the shut.
downs, present and prospective, talk of concella-
lions OF orders for some varieties Of steel, and
checked buying by some manufacturers. In
other directions trade is encouraging. Hardware
is most active at Pittsburg. Shoe manufacture
ers are having very large trade. Stove and
furniture makers at st. Louis are ordering far
ahead. Louisville is overrun with country mer-
chants Philadelphia reports no decline in de-
mand, with improved collections. In New Eng
land distribution runs Is per cent ahead of last
year. At Chicago Wholesale and retail lines
| show results Of heavy inflow OF country buy
ers; New Orleans is suffering from a strike
which ties up the port and affects general bust
ness. $50 = i. .-,.-..-'
It is now clear that there will be a 1000 Coo.
600 bushel crop Of corn and that wheat will be
| above the average. This is already reflected in
better movement, export purchases, better
| supply OF commercial bills and drop in for
etgn exchange Cotton receipts are far behind
last year, tho W. P. Brown of cotton corner
fame, states to the international Mercantile
Agency that there will certainly be no scarcity
Of cotton in October 49, -
He declines to predict as to the current crop
year The southern California bean crop is
placed at 750, 600 sacks, 65, 600 more than last
year. !. - Il II T. -. . =. =
Aside from iron mine and furnace regions and
in some building lines, careful canvass reveals
no tendency thus far to reduce wages. Less
activity In building lines is shown at Buffalo.
Structural material, iron and steel is quiet, and
there IS no new foreign. business In steel and
iron. New England cotton mills are slowly re-
Stunning, and wooden mills there are running full
time. = So, .. ...
ests at number Of central western and west
ern cities, with evidence shown in some insta noes
In ehects on business enterprises Demands for
Iunds Tor legitimate business are very heavy.
Banks are having all they can do to meet re-
qu1rements The municipal security market is
FEELING the tension, and less is doing there.
There Is better demand for winter goods in
Ontario and Quebec. Dumping surplus English
woolens there has hurt the Dominion Industry.
Two plants have closed. The apple crop is yerv
large out the potato crop is a failure.