The star. (Reynoldsville, Pa.) 1892-1946, 1899-09-13
TRADE REVIEW
Revenues From The New Possessions Few
Failures and Strikes.

II. G.. Dun & Co.'S weekly review of
trade reports as follows for last week;
The new possessions taken together
are returning In revenu.s already
more than 1t costs to clean and govern
them. The West and South still be-
have as If 1t would be impertnent for
New York to offer money for crop
moving, and are still bidding for com
mercial loans here. Failures are few,
strikes scare and readily settled, and
the passage of September without
pressure means reasonable safety for
months ahead.
Cotton has risen three-sixteenths
since annual reports, regardless of
these and owing to bad accounts from
Texas. The crop of 1898, according to
the Financial Chronicle, was II, 1886, 1888
bales, against 11,1S0969 in 1897; south
ern consumption, 1,40).026 bales, and
northern spinners' taking 2,247,0i2
bales, and stocks on hand at the end
of the crop year 92,2S0 bales, with g.
G0O,3G0 bales visible and invisible car
ried over in all countries.
After n sharp decline wheat has risen
q quarter cent this week, with Allan
tic expors 2,900,9G6 bushels, flour in
cluded agalns 1926 100 bushels last
year. and Pacific export 1854. 1855
bushels, against 162,192 bushels last
year. Corn has also taken a start up
ward. rising "a of cent. with exports
OF 3O5l, 1853 bushels against 2,431 0s5
bushels lat year. So great a demand
for both grains deserves notice, but so
do western receipts. 5,9i5.69 bushels
of wheat, againt G.774,6ll bushels last
year, and of corn 5,923.437 bushels,
against 4,20s.352 bushels last year.
Neither philosophical explanations
of the rise in iron and steel nor con-
slant addition to the number of fur
naces producing cheeks the advance
which has made bessemer pig sell for
S23 at Pittsburg, gray forge for $40 70
there, anthracite No. l for $23 so at
Philadelphia. and local coke for s2i so
at Chicago. With the whole output Of
Its furnaces sold ahead for the year.
the valley association demands $.3 65 at
Plttsburg on future contracts. and
Chicago is selling mainly for delivery
next year. Finished products are ad-
vanced in some cases $5 per ton at a
time without checking the demand, as
for sheets at Pittsburg, with plaes ad-
vanced 81 and wire nails SO per on.
Large contracts even at these prices
are reported. many running into next
year. in Chicago and Pittsburg. ard In
plates at all points. with 5000 tons
western and large eastern bridge con-
tracts taken by works four or five
months behind already. and inquiry
for 22 miles of pipe for South Africa
pending.
Tin is strong at 32Mc for spot, with
1855 tons decrease in all visible sup
ply: lake copper is steady at 1Shc.
with heavy buying for electrical use.
and lead IL quiet at 4.60c.
Preparations for other wooden COM
binations affect the market for goods
somewhat. which Is nevertheless
strong, although some irregularities
have developed in worsteds. The wool
market is much less active than of
late. with sales of only 9.225 200 pounds
at the three chief markets, most ter
riory. and while prices are stiff, manu-
facturers are buying for immsd ate
needs. Quotations for the week are
unchanged but holders are conf lent y
looking for large advance to result
from the London sales.
Failures for the first week of Sep
tember have been s715 $50. against ST.
111.593 last year: manufacturing s2l'.-
26s. aeinst s224.6O2 last year, and trad.
ing N66.3i3. AGAINST s70399l last year
Failures for the week have been 132 in
the United States. against 1854 last
year, and 80 in Canada, against 16 last
year.