The star. (Reynoldsville, Pa.) 1892-1946, 1899-11-29
TRADE REVIEW.
Large Contracts for Rails from Japan and
South kirica-Decrease In Cotton
and Wheat Exports.

II. G.. Dun & Co.'S weekly review of
trade reports as follows for last week:
Monetary anxieties have faded with
sales of bonds to the treasury under
the recent offer. the fall In sterling ex-
change in spite OF dearer money abroad
and easier here. ana the receipt of
about $3.50, 900 net from the interior dur
ing the week. There is no trouble In
the commercial money market, as
there has been none, and loans on Sc
curities rave ruled at easier rates.
While {. extraordinary volume OF
business throughout the country re-
quires C:eater activity OF currency
than in ordinary times, there Is no In
dication that the volume has not been
ample all the year, and the course OF
money markets throughout the interior
shows that embarrassment has been
due to operations outside industries
and general trade.
The iron industry shows no yielding
In material, but little advance In
bessemer pig at Pittsburg. with large
inquiries for next year. Prices of rails
are maintained, with one contract re-
ported of 10000 tons for Japan. and
another pending for South Africa.
single order for car axles covers $4,000
or $500 tons. Structural prices do not
yield, and angles are quoted higher.
But works which have nearly or quite
filled their orders are seeking others,
"
plates. 81 in steel hoops and sheets and
in bars at Pittsburg. while cut nails
are quoted 81 lower. The general ratio
OF prices for all finished products Isl
now 2.34 per cent lower than Novem-
Der |, though the average for pig iron.
is / per cent higher. Copper Is un-
changed. Tin has been depressed to
Ply cents by London speculation.
Heavy orders In the past are refiected
by shipments of boots and shoes
amounting TO 2S1,272 cases in three
weeks. 16.5 per cent more than 1897. and
$50 more than In 1894. with other years
still smaller. New business is checked
by continuing rise In prices, which has
reached in some grades 20 cents per
pair, with one large contract In grain
creole at 22h cents per pair advance.
Sales of wool pass all records. hav-
ing been at the three chief markets
81 ,694, 203 pounds in three weeks of No
vember. whereas October sales In five
weeks are but 6S,314,9S9 pounds, and in
only one other full month have sales
ever reached 60,000,0O0 pounds. The
trading Is largely between dealers and
gives no indication of consumption
the demand. for goods continues so
large as to encourage much buying by
mills in spite of the advancing prices.
Cotton goods are rising also. and print
cloths have been advanced X cent,
proposed sliding scale at Fali River
HAVING pToDdpiy dNcTttu btTihe,
though at other cities higher wages
are demanded. Cotton advanced three
sixteenths of a cent. the decrease OF
nearly 100000 bales in exports this
month being more than balanced by
light receipts from plantations.
Wheat wearied spectators. with
scarcely any change in prices for the
week. From Atlantic ports the outgo
for three weeks. flour included. has
been only 7.76l.1sl bushels. against
II, 265. 1853 bushels last year. Pacific ex-
ports for the three weeks have been o.
71s,457 bushels. against S.s76,909 bushels
last year. So slender foreign demand
in Atlantic markets. with prices as
low as they have been, tends strongly
to prevent rise In prices, and the ex-
ports of corn also have some influence.
amounting for the three weeks to H.
76y,G43 bushels, against 7.572,o33 bushels
last year.
In spite of the great decrease In cot
ton and wheat. exports OF merchandise
from New York have been nearly S2.-
100000 larger for the week than last
year. when from all ports the value for
the month was tl29. .797 a66 the largest
aver known except In December.