The star. (Reynoldsville, Pa.) 1892-1946, 1897-05-19
PRICES ADVANCED.
Spectators in Many Products Get Better
Figures

Spectators in Many Products Get Better
Figures
n. q. Dun 4 Co. 8 weekly review OF trade
says,
Spectators have enjoyed an advance In
wheat, corn, cotton and some other pro-
ducts, though obliged to sell wool and sugar
at lower figures in order to realize. Stocks
have advanced 7c per 800 and trust stocks
lost 80 cents, without enough demand to
constitute n market. Imports OF merchan-
disc, SiS. S.3s2,0l for the week at New York
alone, are ~ per cent. larger than year
ago, making the increase " per cent for the
past six weeks, and have affected the ex-
change markets and helped further ship
men,s vf gold, which amount for the week
to ~, $50, 900, but ARE practically balanced by
receipts from the interior aud cause no seri-
Gus apprehension OF financial disturbance.
Men feel that present con .litions are only
temporary. although they tend TO prevent
immediate Improvement In general trade
and hinder immediate investments.
The government crop report estimates
cotton acreage nj q per cent less than last
year, nnd IL considered encouraging because
so sligh; n decrease from the floods may be
easily made up. Prices have advanced &c
on Liverpool speculation, with nothing here
to warrant the rise. The winter wheat re-
port, which is supposed to indicate yield OF
2g7, 900 900 bushels, is contrasted with state
reports much better or much worse. but is
distrusted mainly because all department
estimates Of acreage for years have been
wildly erroneous. Western receipts con
tiuue larger than last year, z, ,10g. 1928 bushels,
against /, so. .367 bushels u year ago, and At
lantic exports also increase for two weeks OF
MAY, amounting to 3.106. 300 bushels, flour
included. against 2,0s3,4ii bushels last year.
Exports OF corn are still large, 5,5s5. .s55
bushels for two weeks, against 5000, 1871
bushels last year, and in part account for
smaller demand for wheat.
The output OF pig iron for the week end
ing May was l70.52s tons. against 3,27s
April |, and the stocks unsold, exclusive OF
those held by the great steel-mnking com
pnnies, increased only y, s0S,000 tons. Sew
eral furnaces, especially those producing
foundry iron, have stopped production for
this month, but no important changes appear
in pig iron, which IL quoted at ds.2i for gray
forge ut pittsburg AMI 1925 for bessemer
and Sl2 for No, at New York, though only
so. 25 il asked for southern. Reduced south
ern fr.ights here have not altered the mar
ket materially, md at Chicago also the local
prices have been reduced.
The demand for finished products is below
the capacity OF works In operation, and the
award OF the contract for the Montreal
bridge which is said to be Mt 30 cents for
beams, n.alnst s,,.2 axpQ.1cd tea con-
suascss m this county, hes o6cSs'on61
tfouble in the beam association, and there
are reports that IL has been dissolved. Angles
are quoted Mt 95 cents per 100 pounds, a
shade lower and steel plates are quoted
lower here thnn at Philadelphia Copper is
active. with large sales Of lake at 0.35 cents.
und tin plates are quoted 10 cents below
prices fixed 10y the association, and 80 cents
below prices of the same grades of foreign
plates.
Nothing new can be said OF the cotton
manufacture. which still lacks demand
enough 10 lift print cloths above the loves,
point ever known, and prices OF other
grades Of cotton do not improve. In general
the sales OF cotton products are but mode
rate. wo ,len goods are doing better than
for weeks past, aud yet there Is not enough
demand to create enthusiasm or to raise
prices. while there Is great uncertainty re-
| garding the future OF the market Sales oI
wool have sharply decreased, aud for the
week barely exceed weeks consumption
while prices are weaker at eastern markets
according to some reports nearly / cent pei
| pound at Philadelphia. and Mt the Wes
| traders for speculation have begun to sci
for some concessions with good reasons