Alpena argus. [volume] (Alpena, Mich.) 1893-1909, 1894-11-28

supplementary orders for spring
have been received and colder
weather has increased the demand
for heavy goods. Yet on the whole
the market is not active and the
manufacture is much below the
capacity of works. Sales of wool
for the week increased again,
though still far behind last year,
and for four weeks of November
have been 12,250,300 lbs, against
17,590,521 lbs last year. Since Au-
gust the sales have been IL per cent
more than last year, but 33 per cent
less than in 1892. The iron indus
try again records lower prices for
Bessemer iron, $10.40 at Pittsburg,
and for some manufactured pro-
ducts. The consumption is large
and for the season fairly we'll main
tanned, but as it is not equal to the
capacity of works in operation,
their struggle to get BUSINESS keeps
prices at the bottom. 1t is reported
that an American shipyard has Sc
cured orders to build three armored
cruisers for Russia, which will give
added work for some years, and that
a contract for 10000 tons of cast
pipe for Toxic will probably be Sc
cured by southern concern. Tin,
copper and lead are all weaker, and
some concessions are reported in
tinplates. The coke product slight
ly decreases, but was about the larg-
est ever known for October. The
failures this week have been 1922 in
the United States, against 1856 last
year, and 81 in Canada, against
81 last year.
Bradstreet's says: The features
of general trade for the week in
clude an increase in distribution of
holiday goods, Of heavy clothing,
hats, seasonable dry goods, and at
various points, hardware and shoes.
This was stimulated by seasonably
colder weather and continuance of
the feeling of near by improvement
in demand. AT the south a favor
able influence is q moderate adj
vance in the price of cotton, due to
the greater favor with which lower
estimates of the size of the cotton
crop are being received and to the
prevalence of opinion that the price
Of cotton is too low. There has al
so been good demand for spot cot
ton. Some shippers of southern
lumber complain that southern
railroads are showing preference to
cotton. From points in southeast
ern Atlantic states some hesitancy
is reported in supplying goods be-
fore making collections for the full
seasons business. At the north
lake navigation has practically clos
ed and the results of the seasons
work are generally satisfactory.
Shipments Of shoes from seven man
ufacturing centers, while smaller
than last week, continue to run
heavily ahead of the like week last
year, $4,000 as compared with So
600 cases. At eastern cities the
volume of trade in dry goods has
fallen off, although the tone of the
market is good and colder weather
inclines to help it. The price of
wool is practically unchanged, as
are prices for hides, leather, lumber
and print cloths, although they are
firmer. The fact that demand for
iron and steel has not fully kept
pace with the production is made
plain in another reaction, bringing
the price on Bessemer pig down to
$10.25 and of billets to $15.25, with
the outlook not unfavorable for $40
Bessemer pig iron and SIS for bill
let's at Pittsburg. Coal prices are
cut again. The anthracite out
put for the completed calendar
year promises to amount go 40,500,-
600 tons against 43,0S9,000 tons in
1893, and pig iron production to
6,545,000 tons as compared with T.
1000 tons in 1893.