, 1880-01-01


there has been an appreciation Of at least so
per cent. The first ak months Of the year
were marked by no more than The ordinary
demand, while prices ruIetl lower than at nny
previous period within The past twenty years;
hut With the beginning Of August was sce1,
GRADUAL revival of trade and n general up
ward movement of prices. From the lat Of
September until the close Of The year the de-;
nlatltl for goods wna shnrr and tho advance
lit prices was rarttf and continuous During
TINT pcriMl the volume OF sales was at least
40 per cent KreatHr than for the correspond
Ing months Of 1871, nnd the appreciation III
yalnes since July llns been from 20 10 20 per
tnaii ii,nwnrraniahl yhtRll ieyritll nenr future
will determine. Indeed soine lines. already
show signs Of n rcactibnt Rsl 1t would not tM
srprsnH to isG rdPucyoa PT'y eeT @ hn,ess "e
is ii, the same l!nns rs n ,cnr ago, there hav-
i,lg been IN failures nor amy new itrlns; but
the capital liHs been Increased 10 tho extent.
of 10 per cent -ehicfly by tl1e addition Of H,.
soli Il given ut S. ooo, 600, and the capital at
s8O0, 200. Tho year Ilna been the most pros
porous of my since the panic.
TIE IlEcE1rrs or PETROLEUM OIL
were 14o ooo brIs, asainst 1890 brls for 1872,
ieatllig house here reached i fatal Of $1,000
iris. Opening prices were lat{c for ito test,
lie for Illinois legal test, lH1Gc for snow
white. 10l1e for E1nli,c, a1N, l914c for III trs.
ii.i,lie Of March, when there WIS 4 decline
Of l<c.' From tfiat time the market steadily
declined until July, when. ITO Test sold ut
S24c, anil 1b0 test ut Ike. These were
little further change until the litter part Of
September, from which ,tRte tho market
steadily crept upward until the lst Of De,
cember, when ITO test was uii0tet nj l314c and
September Wis mainly attributable t. specil.
lntlve activity, rs neither the export demand
nor the holna consumption has Increased
materially, willie the production WINS larger
thsn for any RsyS}"s a} ySnr sce oe pstTos5 5
ir from aoSo S' to aooo pe9 brIs per tlay. Thts
l,.antsy was ut lcnst 10 prr crnt IN excess Of
long period isad been below the aetuoI cost of
production. III September spectators step
ped IN, mud during The past three months tho
market has been entirely under their control.
The year closed with ITO test selling at 49,
and l50 test ut 179{c.
THE PRICE OF TUnrEST1NE
ruled very low during most Of tho year, and
ut one time touched ..sc.-thc lowest price
known fur many ,yGNrs. The opening quota
Inter IN the season TO :sc. During October
nnl November sleclllntnEs nt the producing
g%HS hSas n n thr 'Snns a n1s s,py nsr 5
their manipu!ntions the Price wnS run up TO
'rIo high price Of the article Ind tho elfectto
rall out every gallon The country could pro;
offerings the market broke, prices dropping
off 10c pcr.galon In II single week. Later the
market recovered little. and closed at 4ec.
LlN6EED OIL.
ruled higher thnn for 1873, Tho opening
sanced to roc in February. where it remained
until tho inter part .9f April, when It de,
clincd to G1c. III June the price again moved
II, to 7Qc, but fcl! back 70 VIC in August:
| SIC being reached. The yenr closed Mt sc for
| lnEled. The production In ChicaEn Of llnsce.l
oil has been Increased fully oncthlrd, new
iaE s bcsn enc crectea Wth the ! yea! i, r. Thss Ts mills
| niw III operation are capable Of turning out
| 1h0 br1s day. There was but little lluctua-
ton In the price Of
LAnp OIL
during. the spring aud summer months, the
market lingering II, the vicinity Of &c for
extra. During October ana November the
market advanced 10 tlc, and later to 'I7c, al
which figure tho year clnsed. Chicago pro-
dqSes ;' annually nj about 10000 brls OF lard oil.
| WHITE LEAD
WINS fairly active ear1y'th the ycar, the dc.
| lluIttl being stimulated BY the prevalence OF
| low prices; for, despite the existence Of 4
manufacturers, there was always one Or
more corrotlers who would not abide BY the
prices agreed upon by The Association, md tn
January that body determined to put the
nrife lowi, to point where there wota 0G
UNDER" NC bclhE the price fixed upon. AT
| thAt low figure there sprang up such an net
I've demand TINT early IN February q meeting
was advanced 1fe. Later in tI,at month thcro
cl,aneo took place until tic latter .part Of
AlaX when the markst fell hSck k,1 tn ~ ti6c but
mgr tiie demand was light, and thc market
without qliotaslc change, though tho steady
advance In ptg lead gt.so prices nm upward
tendency. In October tho market moved VI.
Invest price Of ISIS was ri, alld the Highest
011c. Dry paints hayo ruled low and without
n0teworthy change In values. Colors IT. oil
ure very firm, owing TO the increased cost OF
oil and ttn-plate.
TIE GLAss TRADE
ever s1lco the pantr. There WIS such nsteatly
antlc0ntinuollH s!lrllkage Il, vnlucs that many
small factories Were. compelled to dlscon-
tno 9pGratto's t being Impossible 2 e nan,,
]
late In tho season Of 1870 lid tho ,harkct hegin
to show signs Of returning vitality. From
tho beginning of. August THO demand steadIly
laproysd mud prizes l,egan to move upward,
her, wlloM they showed all ngRreente ndvance
IT a5 per cent Pittsbnrg, rN., Is tho great
glass centre Of TIM country, more than half
the Elass produced IN the United States being
lnnde there.
| PIG-IRON.
TlIE YEAR Just CLOSED
will bo remembered rs the most Acttve, md
! by fnr tho most prosperous, thnt our dealers
lave over experienced. From 1873 town to
tho clnso of 1879, d period of six ycarB, tho
iron Industry of the country had been
nnrked by extreme depression. Rail-
road building and manufacturing enter
prlses 6f NIL kinds wcro practically at
" stand-stl!l, md tho demand for Iron hatl
| NJ ftn p