The star. (Reynoldsville, Pa.) 1892-1946, 1898-09-14
TRADE REVIEW.
Money Coming Over From Foreign Invssts.s- Rise
in whsss-Hssvy Orders for Iron.

X. G. Dunn e. Co.'S weekly review of
trade reports as follows for last week:
The volume of business is larger than
1t ever has been. Investors across the
water have caught the cue, and their
purchases of American bonds and
stocks have been heavy for several
weeks
Wheat has been about lie higher In
price for spot, with western receipts
only about as large as those of last
year for the week. No doubt some
farmers have learned that IL is poor
business to hold back for higher prices.
and yet very many are doing II, and so
are making inevitable more disas-
trous decline in prices after time.
Atlantic exports for the week have
been 1925. 100 bushels, against i,243,3s6
bushels last year. -four included. and
Pacific exports. 1853. 1872 bushels, against.
1l3.434 last year. Corn is shade high
er. one estimate promising only l.i50,-
600 900 bushels.
The cotton year has closed according
to the Financial Chronicle. with "a
yield of II, $50, $50 bales in 1897. Of which
1,6460S5 were exported. 1.S56.000 We're
consumed in northern mills. |. .s21 ,93y In
southern mills. 42O.O79 were added to
northern mill stocks and 9s,99l to COM
mercial stocks. 1t Is but fair to say
that the Financial Chronicle makes no
calculation of the quantity produced
but not marketed, which the New
Orleans cotton exchange reckons at
$50, 900 bales presumably including cot
ton owned by southern mills. but not
yet consumed.
The European mill stocks. according
To Mr.. Ellison. are 10000. against 1885,
900 bales a year ago: the American
i99,175 against 1886 bales a year ago;
the commercial stocks here and a
broad, 1.64l 900 bales, against $4,000
year ago. and other allowances leave
on hand for the coming year s.031 900
bales, about as much as was estimated
a month ago. and indicate consump-
tion OF 3.0S3.93 bales In this country.
against 2,s93.352 bales In the largest
previous year. The increase Of A per
cent in southern consumption during
the past three years. with decrease
of nearly 9.3 per cent in northern, Is
significant.
Nobody can guess how great the de-
mand for iron and steel products may
be a month hence, but the manufac-
turer has the rare good sense to walt
for the actual orders before hoisting
prices. So far the advance has been
remarkably moderate. in the average
OF all finished products only 3.S per
cent from the lowest price this year,
while pig iron has risen less than per
cent. Orders this week include 10.0Ov
tons rails at Chicago. 5000 tons pipe at
ing at Philadelphia. 10000 tons plate
for Baltimore shipyard. and heavy
orders for bars. rods, and especially
sheets, at all markets.
The sales of wool have been only g
2S9,500 pounds at the three chief mar
kets, against 1S,0i0,400 pounds for the
same week last year, and 8.Sl2. 900 for
the same week in 1892 The feeling
| grows that the prices demanded at the
| West cannot be maintained. and until
wool sells at materially lower prices
| the manufacturer cannot meet the
existing market for goods. Prices for
| goods do not change. and a consider
| able amount of the mills will shortly
shut down unless the situation i'm
proves. In the cotton manufacture
| there is still fairly strong demand.
with print cloths and staple goods un-
changed in price. but the stoppage of
some eastern mills continues.
Failures for the first week OF Sep
| tember have been In amount of liabil-
| tiles $l.i1i .593 manufacturing SEA- ST..
and trading $703,99l. Failures for the
week have been 164 In the United
States against 215 last year. and 10 In
| Canada against 35 last year.