The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-10
WAGE ADVANCES HELP
ALL INDUSTRY ACTIVE AND
LABOR GENERALLY SATISFIED
BIG JOBBING TRADE. Il.
New York, Nov, lo.-Bradstreet,s saws.

New York, Nov, lo.--Bradstreets saws: Il. !.
Greater confidence. resulting from the cleo
tton marked advances in wages of employees,
improved collections, large filing In orders IN.
dicatlng heavy consumption GOOD business on
spring account, continued scarcity of labor
and record breaking outputs Of iron and steel,
are pre-eminent features Of the week.
Weather conditions, except in portions Of
the northwest, have been quite favorable. Re-
tail trade has been active, and recorder bust
ness from jobbers has been larger than ordi-
nary, and wholesalers report heavy orders
booked for spring delivery. AS tor long
time past, however, complaints of slow de-.
liveries on orders are almost universal cotton
dry goods, lumber, coal, and iron and steel
dealers all complain lining. Car congestion ex-
plains some Of this and with present nrices NJ
grain, accounts for slow movements from the
farms, but scarcity of labor is reported largely
responsible for the backward deliveries of dry
goods. -
Advices as to collections are more uniformly
good than at any previous time this season,
and the early adyices point to stocks of goods
being well broken, despite fears that prospec.
tive high prices may have caused some specu-
latiye over-buying.
as ever and labor Is getting high returns. an
example Of this being afforded BY an advance
Of 10 per cent in wages by a number of lead
ing railways. All in all. the situation is one
OF immense activity and of eagerness despite
the fact that prices Of staples generally show
advancing tendencies, and index numbers are
at the highest point for at least twenty Years,
y Prices for pig iron continue to advance, the
increases ranging from Zoe to 81 ton At
New York demand, particularly for iron, is Of
insistent character, but at other centers buying
Is limited, consumers preferring to work along
with short supplies rather than aggravate an
already serious price situation. The most i'm
portant occurrence of the week is the heavy
purchase Of ore for next season at considerably
higher prices. - 49,. T. +,
Large orders for steel cars are on the market
and locomotives are being ordered freely Coke
is frmer and in good demand, while coal is
working into better position. Lake copper ad-
vanced to 221sc pound, record price, on very
heavy sales for delivery next year r
There is rather more buyant tone In the
shoe trade. Retail trade is better, manufacture
ers selling direct to that branch reporting good
orders.
The position of manufactured textiles was ap-
parently overstronger than it is at present. Cot
ton goods have been quiet over election, but not
SO much because of uncertainty as because all
goods that can be secured in the next few
months have been sold.
Sales Of wool are smaller at Boston, but still
above the normal. 80
Business failures in the United States for the
week ended Nov. s number LAG against 1853
last week, 1865 in the like week Of 1905, 1874 in
1908. $50 in 1908 and 2O5 in 1902 ,' -
Canadian failures for the week number % az
against 81 last week and 80 in this week a
year ago. 4.
Wheat, including flour, exports from the Unit
ed States and Canada for the week ended Nov.
8 aggregated 4,155,s11 bu against 4,492, 974 last
week, 3.5s2,425 bu this week last year, 1859,
276 in 1904 and 5,469, 645 in 1901 For the past
nineteen weeks Of the fiscal year the exports
are 66,722, $50 bu against SO, 7ss, 2S6 in 1905
$685. 3e in 1904 and lib, ,1s1 in 1901.
Corn exports for the week are 870,924 bu
against 300, POI last week. ISL, $50. year ago
and 14SO51 in 1904. For the fiscal wear to date
the exports are ,4s7, 0S3 bu against 10 1877 s2s
in 1905 and 10, 7S9, 1856 in 1904. 80 =