The record-union., 1897-12-11

year and on contracts for export, in
cluding one for Government bridge
! IN Holland, others for bridges in Japan,
! with large shipments of various prod
ucts to England and other countries.
Foreign contracts for 10000 tons of
rails are pending. In and about New
York bridge building contracts call for
2o,0Oo tons, and Chicago works are
figuring on numerous contracts for o.
Ooo railway cars. The formation of the
American Steel and Wire Company is
expected to strengthen prices and cause
some buying. While Bessemer at so
and glay forge at So Ii are slightly
lower at Pittsburg, prices are stronger
at Chicago, and in all quarters heavy
business is expected after the new year.
sale of lake copper, said to be TO-
OO0,o0O pounds. at IL cents, so strength
ems the demand that 1887 is bid, but
tin and lead are very dull. and spelter
a shade lower, while future contracts
for Lin plates have been made at 50 80
per 100 pounds.
BOSTON WOOL MARKET.
BOSTON, Dec 10 - The Boston
commercial Bulletin" tomorrow will
say of the wool market:
The market has ruled dull through
the Week. Melbourne is quoted steady.
Inc sales Of the week are 1892, 900
pounds, domestic and ], ,293, 900 pounds
foreign last week, and l, ,164, 900 pounds
domestic and $1,000 pounds foreign
for the same week last year The sales
to date show an increase of SS, AT 900
pounds domestic and 12694S, 900
pounds foreign from the sales to the
same date in 1896
CHICAGO WHEAT MARKET.
CHICAGO, Dec. 10.-Wheat at the
opening was very uncertain quantity.
1t was generally conceded that it was
to the interest of the bull CLIQUE to al
low the December price to settle down
to point where it would be less at
tractive for country holders to send
all their wheat of contract grade to
Chicago but because this was palpable
many others expected a similar course
and there was weak market The
disappointment over poor response of
Liverpool to the advance here had
some effect on opening prices.
The opening of December was down
ward, but it very soon became strong
again, and took only two skips in re-
covering from 81 06491 0S. It opened
at 81 "a, or the same figures as the
close the day before. 1t soon became
evident that the price went up, not
because of any manipulation by the
clique, but in spite of their efforts to
| keep it down. They tried it again.
howaver, late in the session, and had
more success, December selling on that
occasion at 81 %.
May was largely influenced by the
course of December 1t opened Ac
lower at 921s@92Ac.
Trade was very quiet for the first
forty minutes, during which May kept
within the range of 92AQ91Hc. At
the end of that time some few buying
orders came in together, the crowd in
the meantime having got short and
rapid rise to 931sc occurred in conse
quence.
The bull turn thus given to the mar
ket did not last long. 1t worked down.
ward after that, notwithstanding some
other hullish items Of legitimate market
information.
Inc ordinary market news was prin-
clpally of bullish character. Liverpool
advlces confirmed those Of the day be-
fore regarding heavy rains in Argen-
tine. There will be practically no wheat
to ship from this years Australian
crop, and San Francisco reported the
purchase for shipment to Cape Town,
South Africa, of three cargoes of wheat.
giving confederation to the news of a
continuation of last years dearth in
Australia.
The Atlantic port clearances in wheat
and flour were equal to 925, 600 BUSH
els.
continental markets showed moder-
ate strength and slightly higher prices.
The market became quite weak to-
ward the end. Reports that wheat
was being started for Chicago from all
over the West, on account of the high
prices prevailing here We're circulated.
and made ii very easy for the clique to
Keep the price down. December closed
at ! cents and Nav cont dooli,,a