New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-05-10

were 2125,013 bushels. against l'ool'4oo last
year In view OF the large exports OF cottoh-ior
the week. 101 OLA bales, against 49,9ol las' ye"
the advance in price to II5 cents again, the p''0o
a week ago, from which 1t receded an eigh'n' up
pears quite natural. and 1t has probably surprise"
many foreigners to find the price In this couh-
try so little affected by floods represented as
most destructive The fertility OF American
fields they can understand better than the
fertility Of American exaggeration. MI Eli
sons estimate also probably carries mo'e
weight abroad than here. as 1t Is here consioereo
rather high. The quantity which came 'n'o
sight last week was only 3S614 bales, against
1880 for the same week last year, and whiie
some cotton was doubtless destroyed or spoiled
by food 1t is likely that much more was
kept back from shipment for the present
The completion Of contracts for the years sup
ply of Mesaba by the Illinois Steel Company
with the Minnesota Iron Company is announced
though not the price. but 1t Is stated that good
Mesaba has sold at 81 40 at Cleveland
which may presumably imply lower price Tor
ore delivered at Chicago. Some non Bessemer
ore has been sold at price close to " ton at
Cleveland The great uncertainty as to cost OF
material for the rest Of this year operates pow
erfully to retard large transactions In finished
products of iron and STEEL and yet some heavy
contracts have been made, one covering 2o,ooo
tons for Montreal bridge. and some others for
buildings. The demand for wire and wire nails
has considerably slackened, and while rail and
structural works have large orders taken some
time ago the new demand Is disappointing.
Presumably this is In part because possible
buyers are anxious to delay as long as prices
continue to tend downward and Bessemer pig
is now 50 40 at Pttsburg, Grey Forge - 40
and common bar iron 90 cents per 100 pounds
While concessions are made below regular quo
tations in Eastern markets, the reduction OF
Southern freghts olso permit offerings OF
Southern pig at lower prices. Sales OF Lake
conner at II cents are said to be very heavy, and
some tinplate works appear to be sold up for the
full year
Shipments OF boots and shoes for the first week
OF May were the lowest in six years. and the new
business done Is considerably below the average,
as. buyers OF mems wear are holding off even
more than before, owing to indications which
promise reduction In the cost of leather. In
womens goods, especially in light shoes which
have advanced but 2i2 to ; cents since last sea-
son. business is quite large, and the works nave
orders for some months ahead; but for mems
goods the demand is small, and considerable
machinery must presently stop unless 1t in
CrpA9pS
although It is still supposed that large transact
lions are made below current quotations. Hides
we're selling last week at Chicago slightly better
for buff and Texas. but lower for country steers
There is little new in textile manufactures, and
the demand increases but slowly. while prices
do not strengthen. Print cloths have again de-
clined to 244 the lowest price ever touched for
extras. and the sales OF wool have somewhat
diminished, although even now much more than
consumption If all works were fully employed
There is no important change In the money
market; and the amount received from the IN
terror continues larger than had been expected,
which renders moneyed interests here less dis
posed TO regret continued exports OF gold. The
sudden engagement OF S1.0O0,0OO for Saturday,
after It was supposed that shipments had ceased
for the time, and when other transactions only
the previous day indicated that no exports were
intended by the firm making them. probably re-
suited from a special order by wire. In the stock
market no important change has occurred
though the average Of prices Is for railways oZ
cents per 500 higher than week ago, and for