Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-11-18
REVIEW, OF TRADE
SHR1NISAGD IN DEMAND FOR
= IRON AND STEEL.

SBy Telegraph to yirginian- Pllot.)
New York. Nov. 17.-R.i G. Dun & Co.'S
weekly review of trade will say to-
morrow
me signs of shrinkage in the new de-
mnnd for iron and steel products be-
come more clear, and while prices of
pig are maintained without change,
ana biiletS are quoted lower only be-
cause premiums for earlier. deliveries
are no longer paid, plates are quoted
lower at the East, With small mills
seiling at 20 cents ut fFittsburg and
sheets are sold by some works there ut
S3 to 81 less than the regular price.
The strength Of bars at the West is
largely due to the great demand for
cars. of which it Is said that one thous-
anu per day are ordered, but ut the
East prices are shade lower. a new
demand does not make up for the rapid
completion OF old orders in some lines.
SO mat competition or works weakens
prices In minor metals the collapse OF
London speculation depressed tin to %
cents on "Wednesday here, but SUBJ
sequently an advance of (pounds) per
ton In the foreign market brought the
new York price up 10 U.s. n sale of
copper by the Calumet and Hecla, said
TO be OF 20.000,000 pounds, lowered the
price TO II cents. SHELTER is weak at
'
shipments of boots and shoes fell off,
and yet are larger than IN any previous
year, for the first two weeks of Novcm-
Der 1S3.2Sl cases, against 163, 759 in 1891
and 1862 In 1894 and less in all other
years. Advances asked especially since
the recent rise in leather, have prevent
ed much buying, though many works
still have business ahead for some time
Textile manufactures are doing we'll,
In,
material threatens to cause some en-
barraSsment. Sales of wool were again
heavy, 21,6i2.3l1 pounds at the three
chief markets. making In two weeks
4l.S23Sl1 pounds, against II, 49,, 100
pounds last year, when the mills were
wei employed. Clearly n large share
OF the transactions has been for spec
ulation, but the mills have been buying
also. especially those recently started
after long idlenese. Prices are a shade
stronger for fine washed Eastern fleece.
and for fine and medium delaine. so
that the entire list averages about an
eighth OF a cent higher. Worsted goods
are again In good demand, and have
been advanced in price with some fan
nels. Carpets also have been active,
with prices advanced . per cent. for
the season. Cotton goods continue to
advance with u strong demand, and
with belief in n short crop, so that some
nave been for the time entirely with
drawn from the market by the mills,
while bleached were advanced to the
highest quotations for four years.
Conflicting estimates still make the
cotton market excited, but after falling
an eighth. the price has recovered n
sixteenth. The increased sales by pant
crs and shipments from plantations an
pears to have had rather more influence
than short crop estimates. although
ol1 "a al 1,n n =
n fraction, but fully recovered, although
Atlantic exports were only 2,9I6,551
bushels. flour included, against 396S, T6S
for the same week last year. and Pacific
exports 720, f93 bushels, against / ,99S, O93
last year The course OF the market
is the more noteworthy because West
ern receipts are much reduced. being
only 5.S97.s67 bushels. against 1O,S37, 3I1
last year
Corn declined n fraction. with heavier
exports than last year and smaller re-
ceipts.
Failures for the week were 219 in the
United States, against 223 last year. and
20 in Canada, against &c last year