The star. (Reynoldsville, Pa.) 1892-1946, 1897-12-15
DEMAND FOR IRON.
This Country Will ship Thousands Of Tons 10
Foreign Lands.

II. q. Dun a. Co.'S Weekly Review Of
Trade reports for last week:
The opening Of congress, with the ans
nuai message and report. has not dis.
couraged business, NJ some predicted.
but all speculative markets are strong
ef than a week ago. The productive
industries. oven In the season usually
about the dullest OF the year as to new
orders. meet n definite Improvement In
demand for important products, pre-
eufnnbly the fruit OF a prevailing com
victon that new business will begin TO
crowd the works after the new year
starts. The outward movement Of
whent ana other products continues 80
heavy that foreign exchange has fallen
three-puartcrs OF n cent, and instead Of
exports OF gold, which have marked
decreasc In recent years. imports would
come II gold were wanted. Securities
are advancing with reason In the i,-
creased earnings OF railways. A70sb,-
hOl Tor November on reporting roads
IN the United States. 1853 per cent.
larger than last year and 80 larger
than In 1899. a striking comparison
Tor i've years shows that In each of the
last three months earnings have been
greater Than In any previous year, with
larger Increase In November than In
Dctobr Cr September
The sudden rise In December wheat
at Chicago to 81 % would do harm were
" not based on avowed contracts to
ship some millions OF bushels to Eu-
rope. That fact and the continued for
eign demand. In spite Of such contracts,
has helped rise OF ~ cents. Western
receipts for the week were 5,79S77f
bushels. against 22.69i ,374 last year, and
Atlantic exports, including flour, 4.312,-
l37. against 2,975.Gj1 last year, and 20
great Is the foreign shortage that the
M ..G -.
than ever before. Is again exceeded.
3.3l3,0SG bushels for the week. against
3.c55.7sO year ago. with the price
nearly cent higher for the week. Tho
report that western supplies are run
ming low Is dlscredited by receipts from
farmers.
Cotton IL n sixteenth stronger in
spite OF estimates ranging from 10.100.-
900 to II 100000 bales by well-known au-
thorities. a strike In English mills is
no longer threatened, and the pos
sibllity OF one at Fall River has little
weight.
There Is more demand for iron and
steel products In preparation for rail-
way work, bridges and buildings next
year, and on contracts for exports. In
Guiding one for n government bridge in
Holland, others for bridges In Japan,
with large shipments of various pro-
ducts to England and other countries.
Foreign contracts for 10000 tons OF
rails are pending. 1000 tons for Mex
leo. In and about New York bridge
and building contracts call for $4,000
tons, and at Chicago works are figur-
Ing on numerous contracts for 5000
railway cars The formation OF the
American Steel and Wire Company Is
expected to strengthen prices, and
cause some buying
Connellsvlle coke production Is 151.-
900 tons weekly. against $4,000 In No
vember, and no advance Is now ex-
pected above 81 30 for furnace coke
early next year. Anthracite coal Is
weaker and sells here at 50 10 to 3 s5
for stove.
Failures In tho first week OF Decem-
her were but S2.Gl7 .2i0. manufacturing
s37o,f20. and trading si.791.570.
Failures for the week have been 312
In the United states. against $50 last
year. and 20 in Canada, against 43 last
year.