The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-11-11
DUN,S REVIEW


New York, November 10.-R. G. Dun &
Co.'S weekly review of trade tomorrow will
say:
The most noteworthy feature of the time
is the rise in prices of cotton, which rose
on Wednesday to Isl cents with much ex-
citement, putting the price 2A cents higher
than 1T was year ago, and yet it was still
higher in September, 1897. Wool has risen
relatively more, about 10 per cent. In two
weeks, and tine average of 100 quotations
by Coates Brothers is higher than 1t has
been in any other time since May, 1893.
Fig iron has risen still further, $25 being
quoted for anthracite No. l. the highest
price since January, 1889. Hides are at the
highest point since January, 1878, having
risen all the year with very little reaction
IN prices, but products have not correspond
ingly advanced. Boots and shoes We're
higher in November, 1895, than they are
now. Cotton goods were higher in Janu-
airy, 1896; wooden goods, in July, 1894, and
even the products of bron though greatly
advanced, are not as high they were in
January, 1890.
Such wide discrepancies in advance cause
much embarrassment but are the natural
characteristic of rise which is mainly due
not to concerted action in any trade, but
to the pressure of a consuming demand
the greatest ever known, Which, for the
time, exceeds supplies, though unequally
Its results begin to justify the conservative
feeling which finds expression in many
branches off business.
The iron industry, which has led all 9TH
ers in The advance, now leads the way to-
wards reimbursement of values. While
contracts for pig have the entire product
OF THE most important districts forced to
nine moritas in advance, many of the con-
Stunning works in some lines approach tfae
end of their orders and have new competi-
IN Daf f1aatt
per ton at Pittsburg ana 50 from the high
est point in September and p,Gses are sc
lower There and So at PHILADELPHIA AT lA1e
same time bars are 81 per ton higher both
at Philadelphia and Piltsburg, the demand
beng enormous, and at Chicago very heavy,
contracts have been made fci. car and inn
PIGMENT works. A bridge com bination is
Thought likely to affect future business in
structural Shapes.
A break in the London market depressed
tin, and sales We're made at Csc
Boot and shoe makers are generally gef
tlhg about 10 cents per pair advance
Leather continued very strong and in rha +
also dealers are not anxious for greater
compliments, but consuming demand
causes large sales in advance of production
Wool has been very strong again, though
sales at Boston were but 13,404, 900 pounds.
against 2l,ooIoO0 the week before for large
transactions elsewhere and raised the
weeks aggregate to 20,201 900 and buyers
held firmly for outside prices. Nothing like
the sensational rise of last week has con-
tinued, and the buying by manufacturers
is slower, though still large. This and ac-
counts of good trade indicate that an ex-
traordinary business is expected for the
next season. The rise in cotton as yet
helps manufacturers whose contracts cover
production we'll ahead, but the buying has
been mainly by traders and based largely
/ on expectation of a very low estimate of
vic nv t1A
| years official estimate was nothing accu-
| rate, the whole trade here and abroad then
| counted on large crop and was right.
Wheat has not been very active nor
| strong, although western receipts have
| much, declined. being 1891 1907 bushels for
| the week, against 1924, 405 last year. Ex-
| ports are also smaller, the Atlantic, $685.
63I bushels, flour included, against 49, 33S, 500
| for the same week last year, and Pacific,
1SS,G90 bushels against 1016961 last year.
The decrease in foreign demands may be
ascribed in part to heavy previous exports.