The Providence news. (Providence [R.I.]) 1891-1906, 1895-09-21
BETTER PRICES.
Wool, Leather and Cotton Markets
Have a Higher Tendency.
STEEP RISE IN PRICE OF IRON
Responsible For Some Pur-
chases From Europe.

New YORK, Sept ei.-R G. Dun g. Co.'S
weekly review OF trade says In spite OF
gold exports wheat advanced Tor some
days, in all nearly cents, mainly SIN
gle speculator bought, but on Friday fell
about | cent. Corn rose and fell In
sympathy with wheat, with as little rea-
son.
Good reports Of foreign crops, weakness
OF -four in Minnesota and large exports OF
corn from this country, all work against
rise In wheat, though scarcity of contract
grades may holp "a speculative advance
Pork products have been reasonably
yielding, with prospects of large corn
crop, but before the close had stronger
tone. The cotton market lifting and faii-
ing fraction each day alternately, shows
no settled tendency big stocks balancing
an undoubted but rs yet not definite, de-
crease in yield.
The surprising increase In production
and advance in prices OF iron seem TO DO
bringing "a natural check, rs prices have
gone so high as 20 cause somo purchases
from Europe, both of pig aud finished
products, and have also caused distinct
shrinkage In home demand, Pig bought
at Middlesboro for America, and foreign
ordered In large quantities to make iron
In eastern furnaces, have depressed bes-
semer at Plttsburg 90 = 500, though gray
forge is higher at $3.50. Lake ore and
freights have advanced, aud the beginning
of strike OF Connellsville coke workers
will tend TO prevent reduction in prices,
unless soon stopped by concession or the
II per cent advance in wages demanded.
While the coke production is very large,
and contracts for the year are made mt
tl.30 for furnace coke, which sold early
this year below 81 ton, ii Is believed that
higher wages can be paid without affect
ing the market for finished products,
which have advanced still more.
Leather has further advanced In some
qualities, though the rise of 81 per cent
for the first half Of the year on 10 qualities
has been followed by only 2 per cent rise
since July /, and this week a break has oc-
Cured Of Q cents In Union crop. Hides
are per cent lower than in July, after
their advance of 80 per cent In the first
half Of the year, and the rise In boots and
shoes cause some decrease in new orders,
so that some shops have stopped work or
reduced force. Shipments for Boston for
three weeks have been 226, g0l cases, against
25l, 1923 last year.
The cotton mills, which laid in stocks Of
cotton below 6cents, are enriched by
the advance In material and enabled to
make frequent advance In goods, which
arc sustained. The present demand is dull,
but there arc no reports Of stoppage, and
:the threatened strike at Fall River, Mass,
does not come. The woolen manufactures
is doing we'll In dress goods and hosiery,
but the demand for mems woolens Is much
restricted, and few mills have closed
Foreign prices for clay worsteds have ad-
vanccd, and mohair goods also, the price
for material having risen 1865 per cent at
Bradford in few months
Sales Of wool are smaller than last year,
and for three weeks only IL, l33 470 pounds,
of which 7,7ls,370 were foreign, against
4,572, 400 pounds in 1892, Of which 1914. 900
We're foreign. Prices of foreign wool are
so low that purchases for export have been
made.
The failures this week have been 213 In
the United States, against 2l0 last year,
aud ~ In Canada, agaidst As last year.