The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-06-03
MARKET RALLIES,
Continued from Page Elght.)

in May Of any other year. There were
only two failures for 800 900 or more,
the amount S208 600 against S3,510.oo0
for such failures in the smallest pre-
vious year, but the little failures were
also fewer and smaller than ever be-
fore.
In dealing with times like these. the
chief difficulty is to avoid the accents
OF extravaganza. The actual is beyond
experience.
Nobody has known until this year
and the past month how great the
American demand for products might
be. and it does not stop short because
it has been largely anticipating the fu-
ture as many expected, but still drives
buyers TO order more, as If no future
had been anticipated. In actual pay
ment through clearing houses, business
is Sc per cent larger than last year
and 3S.1 larger than in 1882. IN ran
road earnings, notwithstanding diner
ences in rates, business is IS per cent
larger than last year and I'd per cent
larger than IN 1892.
More than 20 years ago the demand
for iron was called the industrial par
orneter, and IL claims the place vet
when the demand passes all beliet.
Many more furnaces have gone into
blast, and yet the famine grows more
severe. Pig has risen this week ID cents
70 81 at Chicago, and Grey forge %
cents at PittsbuTg, billets actually sell
ing there for So more than the stand
ard price for steel rails. Plates are so
needed that s. premium is paid Tor
June or July delivery. Structural Works
are far behind, and are expected 10
advance prices.
Sheet works cannot fill orders, though
2.s5 is paid for black No. p at Pitts
burg and bars are stronger with cut
nails 10 cents higher. Pig iron has ad-
vanced $50 per cent in May and nm
ished. products 2.6 per cent. Coke works
are overcrowded. and prices are higher.
Minor metals are all dull. Tin at 25.55.
Copper at IS - for Lake, and Lead
at as cents.
The boot and shoe manufacturers
have shipped from the east in four
weeks Of May 80. 900 cases, or Il per
cent more than last year, only I4.0OO'
or 4 per cent. more than in 1895, when
shipments were largest, and Se,50V' OF
20 per cent, more than in 1892.
Higher prices are being paid quite
generally, but quotations have not ad-
vanced 2 per cent during the month,
and new orders are not in all lines
strong. Leather does not change, hav-
ing advanced scarcely at all for the
week, and for the month hides have ad-
vanced less than 2 per cent. The de-
uaand for boots and shoes is urgent for
speedy delivery, showing heavy dlstrl-
Cotton goods are steady with in
creased demand, Notwithstanding high
er prices. The wool Spectators seem
TO be preparing such trouble for them
selves as they met nearly two years
ago. They are buying largely, but
manufacturers are not, although orders
for goods have improved, and the de-
rnand from ciothiers begins TO encour-
age agents. The mills have large stocks
of wool on hand, and probably much
larger than the dealers yet realize.
Sales for the week at the three chief
markets were S,1SI,800 pounds, against
ABB. 200 last year, ) 1855, 800 in 1897. when
SPECTATORS were trying TO realize at
high prices, and $50, 500 in 1892.
Wheat has been lifted tightly on all
sorts Of reports, and then dropped, clos
ing one cent higher than last week. Re
turns for the broken week indicate lit
tie except that western receipts are still
quite large, 415e,069 bushels, against A.
263.520 last year. and they would hard
" be as large If actual supplies at the
west were deficient, considering the eX-
IRENE urgency of demand which last
years fancy prices created. Exports
from Atlantic ports have been 2549, 1888
bushels flour included), against 1924
498 last year, and 271,9 bushels from
Pacific ports, against 3S5,439 last year,
and in five weeks from both ports, IA
310,SS0 bushels, against 1S,31.8n last
year
Failures for the week have been 145
in the United States, against 222 last
year, and Il in Canada, against Is last
year.