The star. (Reynoldsville, Pa.) 1892-1946, 1899-08-16
REVIEW OF TRADE.
The Supply Of Iron Now Near Equaling the
Demand-A Rise in Cotton.

II. G.. Dun & Co.'S Weekly Review of
Trade reports as follows After great
expansion business hestates. This
year it is astonishing that the hesita-
tion has been so slight. In one branch
after another buying has halted, only
to be followed by larger buying.
The output of iron furnaces in b'ast
August /, was 269,032 tons weekly,
COS per cent more than in 1892 and %
per cent more than last year. With a
decrease of 27,367 tons in unso.d
stocks. nearly half in charcoal iron,
the apparent consumption and exports
do not exceed 1,2l0,14i tons, which
barely equals tho lowest report OF
production August l, and other fur
naces have started since that date,
with several more to follow. The sup
ply appears TO be at least equal to the
demand, although new demands for
the week have covered 2100 tons for
new buildings at Chicago, with much
for bridges. and 1000 tons for eastern
buildings at Pittsburg. In bars both
East and West the mills are unable
to take all orders offered. nor in plates
can they take all orders anywhere,
while in sheets the western mills are
overcrowded, though the eastern de-
mand is lighter.
The Connellsville coke output is
again 192,556 tons for the week. with
only $50 ovens idle. and prices are un-
changed.
Tin, following London, has risen to
32c. but fallen to Sl.S5c, and copper is
hard to get at lS1ac for lake. Lead Is
quoted at $4.50n4.60.
Sole leather has slightly advanced
with buff and split, but the convention
OF boot and shoe manufacturers pro-
poses 10 advance prices, though with
ont definite authority. New orders are
now in some lines larger than the
works can accept, though In many
others more moderate and not exceed
ing half the output. Chicago reports
hides slightly lower for packers, but a
shade higher for country buff and
heavy COWS.
Cotton has risen three-eighths owing
to crop reports, but nobody believes
that the years production, with the
heavy stocks carried over, will fall BE-
low the requirements for consumption
The demand for goods is enough "a
cover a heavy consumption of cotton,
but does not now appear to be gain
ing. Wool is a little less active after
its great rise and inside quotations
are sometimes accepted, but sales al
the three chief markets have been 20,
2O6,69O pounds In two weeks, against
%, 800 in the same weeks of 1897,
and 16,436,3OO in the same weeks OF
1892
Wheat receipts at the West have
been S,652,579 bushels in two weeks
against 5,645,960 bushels last year
making 1t hard to believe the unfavor-
able crop estimates which still come
forward from unofficial and official
sources. The exports have slackened
amounting to only 6.2G9,l33 bushels,
flour included from Atlantic ports,
against 5,9+5,3l1 bushels last year
and from Pacific ports, 100000 bushels
against 924, ,155 bushels last year, other
exports being 457,2SS bushels.
Corn exports, We're in two weeks T.
975.509 bushels, against 4,743766 last
year, but receipts continue enormous
In two weeks S,S39,9ll bushels. against
6.479,176 bushels last year. Contradic-
tory stories about foreign crops weigh
but little compared with the actual
buying of grain and movement from
the farms. The truth seems TO BE- that
the supply of wheat In the spring
wheat region is larger than anybody
has supposed.
Failures for the week have been 1856
In the United States, against 1876 las,
year, and 20 In Canada, against lS last
year.
The pumher of Ruddhfafa n Covu.