The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-02-11
DUN's REPORT.
Price of Wheat Is Lower But Americans
Are Getting Profits.

New York, Feb. 10-R. G. Dun &
Co.'S weekly review CT trade tomorrow
will say:
In wheat, Americans are getting prof
its even though prices are lower than
they were some days ago. After some
yielding, the price rose TO 1887 cents
and the May option rose IA cent dur
| ing the week, with Atlantic exports of
1926, 692 bushels -four included, against
2.174,s21 last year, and total exports,
including the Pacific, 4647, 405 bushels
against 2,960,515 last year.
At higher or lower prices foreign
ers are constantly taking more wheat
and corn from US than in any previous
year.
The cotton market is IN slightly
stronger position, because foreign buy
ing continues beyond precedent which
home institution now points to smaller
crop than was expected. The stocks
on hand are heavy, both commercial
and mill, but foreign buying supports
the rise in prices thus lar. Mill oper-
ations help also, though at this sea-
son they are naturally small. for the
heavy demand for goods OF late, leads
buyers to remember that the material
4Ad5 l1Ot ddN dllCcQ III lAlCES dS UlQtl
as staple cottons since the lowest point
was reached.
Goods are rapidly arriving with the
expanding demand, but the material
has advanced only Is. What wool is
worth in great stocks in uncousumed,
few are able TO judge, and that fact
binders adjustment Of prices for goods.
Sales have been small, only 6,477, 400
pounds at the three chief markets for
the week, against 1903, POO last year
and 9,157.300 in the same week of 1897,
but this year and IN 1897 the buying
has by no means represented consump-
ton only. While quarter and half
blood wool and delaine have been in
demand and firm, the quotations indi-
cate weakness in Ohio and other
fieeces.
The goods market is of similar char
acter. strong for cneviots and serges.
but not for fine high grade or plain
goods. The boot and shoe market is
also in state of transition, and while
prices have mot changed during the
week, buying has been checked by adj
vances in leather and poor retail trade.
Shipments from the east have been
smaller than last year or in 1897,
though larger than in other recent
years. Leather is again stronger.
The iron industry is so exploited by
consultations and attempts of that ma
ture that it is wonderful that prices
have not reflected distrust Instead,
there have been general advances in
pig because the demand had been
large for bessemer at Pittsburg to
S11.40 and gray forge TO S10.75, and in
finished products because nearly all are
in demand beyond the capacity of work
for some time to come. The advance
of 10 cents per key in wire nails by
the association, was not caused by any
especial pressure for supplies, but rails
have advanced "a per ton and bars 81
because of urgent demand, especially at
Philadelphia and Chicago, for several
thousand cars and plate mills are
everywhere overcrowded.
At the same time, the many negotia-
tons for consolidation of interests,
both arrest trade in some quarters and
disturb it in others, causing unusual
irregularity in prices.
The pipe consolidation appears to be
stopped for the moment by exposition
of one company, but the activity is
greater than ever before. About 90
900 rails have been sold at New York.
half for a Nova Scotia road. In hoops
there is no advance and the Standard
Oil has made a contract for 5000 tons
at low figure. The demand for
black sheets is large.
The volume of business does not
shrink. and exchanges through the
principal clearing houses show an in
crease Of 27.3 per cent over last year
and 1872 per cent over 1892.
Failures for the week have been 217
in the United States against 295 last
year. and 80 In Canada against AZ last
year.