The star. (Reynoldsville, Pa.) 1892-1946, 1899-11-22
REVIEW OF TRADE.
Iron Mills Catching Up with Orders and There
isa Siiuhi Reduction in Prices.

II. G.. Dun & Co.'S weekly review of
trade reports as follows for last week:
The signs of shrlnkage in the new
demand for iron and steel products
become more clear, and while prices
of pig are maintained without change,
and billets are quoted lower, only be-
cause premiums for earlier deliveries
are no longer paid. plates are quoted
lower at the East, with some small
mills selling at 80 cents at Pittsburg,
and sheets are sold by some works
there at SO to 81 less than the regular
price The strength of bars at the
West is largely due to the great de-
mand for cars, OF which II is said that
1000 per day are ordered, but at the
East prices are shade lower. A new
demand does not make up for the
rapid completion of old orders In some
lines, so that competition of works
weakens prices.
In minor metals the collapse of Lon
don speculation depressed tin to 20
cents on Wednesday, but subsequently
an advance OF Ga per ton in the for
eign market brought the New York
price up to 2S cents. A sale of copper
by the Calumet a. Hecia, said to be
20.000,000 pounds, lowered the price to
IL cents. Spelter Is weak at f.65 cents.
with lead and tin plates unchanged.
Shipments of boots and shoes fall
off, and yet are larger than in any
previous year, for the first two weeks
of November 1S3,231 cases, against
163,759 in 1897 and 146,972 in 1894. and
less In all other years. Advances
asked especially since the recent rise
ing, though many works still have
business ahead for some time.
Textile manufacturers are doing
well, though In woolens the specua-
tion IN material threatens to cause
some embarrassment. Sales of wool
were again heavy, 2l,642,3l1 pounds at
the three chief markets. making in
two weeks 41,s2S,Sl1 pounds, against
l74S71o0 pounds last year, when the
mills were well employed Clearly a
large share of the transactions has
been for speculation, but the mills
have been buying also, especially those
| recently started after long idleness.
Prices are also shade stronger for
fine washed eastern fleece, and for fine
and medium delaine, so that the en-
tire list averages about an eighth of a
cent higher. Worsted goods are in
good demand and have been advanced
| in price with some fiannels. Carpets
| also have been active. with prices ad-
vanced per cent for the season. Cot
| ton goods continue to advance, with a
strong demand. and with belief in a
short crop, so that some have been for
the time entirely withdrawn from the
market by the mills. while bleached
| were advanced to the highest quota
| ton for four years.
Wheat declined fraction, but fully
| recovered, although Atlantic exports
were only 2,976,552 bushels, -four in
cluded, against S,96S,76S bushels for
| the same week last year, and Pacific
exports 72O. 79S bushels, against 1885, ,Os3
bushels last year. The course of the
market Is the more noteworthy be-
cause western receipts are much re-
| duced. being only 5.S97. .S67 bushels,
| against 10.337Sl1 bushels last year.
| Corn declined fraction. with heaYier
exports than last year and smaller re-
| ceipts.
Failures for the week e19 In the
United States. against 223 last year,
| and 20 in Canada, against 26 last year.