The times. [volume] (Richmond, Va.) 1890-1903, 1897-02-13
THE STEEL RAIL POOL.
TIs DfsRUPTTON VAS IHL '"'""-
JiNT Event or THE WIEN
The Big Sale of Print Cloths Also t''''''
"a Good Influence on the Maf"''-
ton Production "a surprise

NEW YORK. Feb. l2.-R. g. Dun q
Will say in their weekly reNie" oi
tomorrow. .,hcs
NJ other event OF the week approach,
IA importance the disruption OF 'h'
,au pool In two days. after ~, a sIe".
or tonnage Of rains was Po"a"is T.,
ei..,,cd than the entire production ia7t
,.csr renorted as 500 0oo tong and inste""
- s5s ,n December and S5 IN January,
st- 10 nov The price at which WORKS e"s'
Ia ,,est are seeking orders. the 'arh's'o
@.,,,,,'.r,, even selling AT 81 Chicago oe-
IT,, The sales VII employ many
,,.o,'-,,d hands. with an important ue-
49, a, ~ cost of track-laylng OF TO-
-.,.tg 10 railroads Even more lhlor
cont is the result that re-cohs'i "''l', -.
the billet pool will be imposslnic a. ~ ~
as the contest over rails cohuhuoo CO.
the manufacture OF sH and
bars rods wire, mans. t''' P[o,co "a
many other products, mas
secure cheap material. .,.,-l,,.r.D
IRON ORE WAR ENPECl FL FL,
tn ,bo near future. also, Is the s'Ius
ole between the two great coihpd''0'
nroducing Mesaba iron ore one aI '.t
',.i,r me Illinois steel and the other VIZ,
no Carnegie company. which IS ehpe'''
10 hiring about lower prices for ore anu
IN push many mines 10 iher
capacity. But in the wal ~ a.,
tercgts wages are already rcdueeu ~
some large concerns. - ,,,r-
Another event Of influence ls the pn'
80 ~ 10000 pieces OF print oloths
hy AIR NJ. c. n. Borden, AT zoo ce"'7'
,,.bicb has already caused an advance 10
. Ga cents. with stronger tone foT prln'S
and other cotton goods. The moral lillu-
ence Of such a purchase mann -
confidence in the future. IL apt 10 ~
orsst AZ the contract 10 shut down pun
time. many mills producing print CLOTHS
f. Going into effect. tho productive cap"c'
itv and wages Of operatives VIII be lot
| time reduced hut II a demand OF udu'i
10 replenish stocks is started. tne e1ec
| ,,ov I've altogether beneficial. The I'M
movement i'm woollen industry also means
! an increased demand FOR new ana me-
! dunn goods and a dozen more nils nave
! started against three stopping for various
reasons Speculation IN products has
! hardly been more active than or AYE ahu
/ price. generallv tend downward.
THE COTTON MARKET.
About every week some new specula
| tive guess by somebody impresses many
traders more than the current records
| OF actual movements. The cotton market
| has been depressed I'm like manner bs
Mr.. Elnson's estimate. that the American
crop would prove $3.50 O00 bales but the
| quantity coming into sight has also sur
| passed previous guesses, and indicates a
larger crop than most spectators esti-
mate. The curtaiiment OF consumption IN
| the mills Is not a guess. although som'
over-estimate II since probable not more
than a fifth Of the spindles will be stop
| Ped. a third Of each week. FOR a. quarter
OF the year. The price declined onfy az
/ eighth for spot. but over a quarter foi
| the May option.
The money market continues easy, witt
| money accommodating here rapidly.
Rates are not materially changed. hu
| commercial offerings are unusually light.
! Failures for the past week have beer
267 i'm the United States against 32l las
wear. and 81 in Canada, against G. las
| year.