The record-union., 1897-10-16

or iron and steel products rising g per
cent. for the week TO the highest point
since April Sth. Tin plates are cheaper
at So 10, with enormous production,
and copper at S11 II for lake, with
lead at 81 10, but tir is fairly strong.
Sales of wool for speculation have
already decreased, but manufacturers
do not find that current prices are war
ranted by their market for goods,
though it is strong and advancing.
Sales Of wool for two weeks have
been "a, 331 GOO pounds at the three
chief markets, of which Is, 397 800 were
domestic, and while quotations are
maintained large lots previously with
drawn by consignees are now offered.
The demand for spring goods is linn
tied, but the prices of some qualities
have advanced a shade further. There
IS also some quiet contracting already
for heavy weights.
Wheat has been fairly steady, but
moving more largely than last year
from the farms and from the country.
The September exports of wheat sur
pass all records, amounting to p, $685.
S3S bushels, against 17646,S15 last
year, owing to high prices, the value
being over 100 per cent. larger for all
breadstuffs. The price of wheat has
declined q of a cent and corn 1 cent,
with the Government report of a yield
exceeding 1900, 100000 bushels.
NEW YORK, Oct 15.-Bradstreet's
Financial Review" tomorrow will
say:
The liquidation, bear pressure and
decline of prices continued in the early
part of the present week, the market
presenting every evidence both of ma
nipulation by the shorts and of the
closing out of weak holdings. The sit
uation, however, underwent a sudden
change, owing largely to the appear
ance of rains at the West, breaking
the severe drought which has been ex-
perienced for nearly six weeks Stocks
which had been active on the bear side
at once changed their position and COW
cred. Before this happened, however,
the market had one very severe feeling
of bearishness, based on allegations
that Western railroad rates were be-
coming demoralized, and that the re-
ply of the Spanish Government to the
recent note of our Minister at Madrid
was unsatisfactory and likely to
cause complications. Europe has done
little, thought it bought at a decline
and sold on the rallies.
BOSTON, Oct 15.-The Commercial
Bulletin" will say tomorrow of the
wool market:
The market continues quiet. At the
same time a concession of half a cent
by dealers would have led to the sales
of large lines. The advance this week
has been Slight One-quarter blood
woods, for which % cents was asked
last week, "a cents has been paid this
week, and 30 cents is no longer the
price asked for the choicest, but the
price paid for average lots of Ohio Xxx.
The first Melbourne sales opened Oc-
tober 18th. In sympathy with Sydney,
an advance of 12d. over the close Of last
season was also established. Later the
advance was quoted at 3 farthings.
The sales of the week are 1904 600
pounds domestic and 100000 pounds
foreign, against 4,97S00O domestic and
3,02S, 800 foreign last week, and 2,S74,-
600 pounds domestic and 10000
pounds foreign for the same week last
year. The sales to date show an in
crease of 101, AZ, 800 pounds domestic
and lit ,339300 foreign from the sales
to the same date in 1896 The receipts
to date show an increase of 124, ,5SS
bales domestic and 334, 800 foreign.