The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-26
DUN's WEEKLY REVIEW.

New York, Aug. PR. G. Dunn and
company's weekly review of trade to-
morrow will say:
Perhaps never before have demands
for actual use controlled business and
prices with so little speculation to an
ticipate higher markets. In fact, the
rise in most articles has gone farther
than speculative opinions have war
ranted. Iron works which supply Pitts
burg are sold far into 1900 and can do
nothing though prices much beyond
they received are paid by those who
must have iron this year. For Besse-
mer pig $22, and for grey forge $40, and
for southern pig, $3.50 were paid at
Pittsburg; for coke, $2i at Chicago and
for anthracite No. $3.50 at Philadel-
phia with $4,000 tons basic sold at S21.-
30. For intermediate products it is
much the same. The enormous de-
mands for more railroads and rails and
cars, more vessels, warehouses and
buildings to handle the extraordinary
business in progress can not be met as
quickly as men would like, and work
of all sorts is delayed from the biggest
war vessel to the smallest factory.
The boot and shoe business is like
wise crowded not SO far ahead of pro-
duction, but farther than many produce
ers like, by the clamorous demand of
jobbers who cannot keep up with re-
tail distribution. Prices have risen
quite generally 21a cents per pair, but
the only shrinkage in order as the sea-
son wanes is welcome to producers al
ready committed far ahead.
Shipments in three weeks have been
13 per cent greater than in any previ-
Gus year, and rs per cent greater than
in 1892. Leather rises further and es-
pecially for upper with demand beyond
precedent and large productions sold
for months ahead, and hides at Chicago
are also stronger with heavy sales
ahead of curing.
Cotton goods also have further ad-
vanced in lines not affected by propos-
ed consolidation and the deand for
wooden goods has gone beyond all ex-
pectatIons The Sa.es of wool are enor-
nous, 1851, 1870 pounds in four weeks,
| 80 119, $40 being domestic with prices
generally unchanged, though conces-
sions are now made to secure sales in
some lines.
Sharp fluctuations in cotton show how
fears of injury by drought in Texas and
elsewhere would affect the market if
there were not on hand about three
million bales of old cotton, including
the 100000 in European and probably
| 100000 in American mills. Consumption
| is enormous but it cannot exhaust such
supplies soon. Reports of injury tc
wheat in the northwest have likewise
affected the market but only for day
or two, the price closing y cent lower
for the week.
| Western receipts no longer keep ur
with the extraordinary movement q
| year ago. falling 100000 bushels be-
hind for the week, but for four weeks
have been Is. 387 Ala bushels against IA,
354621 last year Atlantic exports
were slightly larger than last year, and
in four weeks 11421, 622 bushels OF
-four, included against 11,7372S5 last
year, while Pacific exports have beer
1872, 024 for the week and in four weeks
| ], 654,164, against 1,745,854 last year.
Corn exports continue heavy, in foul
week 16723,524 bushels, against 9,31S,-
113 for the same weeks last year, and
rose liz cents during the week.
Failures for the week have been 16;
in the United States, against 179 last
year, and Is in Canada, against 26 last
! wear