The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-11-18
SHEETS ARE ALSO DOWN
WESTERN DEMAND FOR CARS
KEEPS BARS UP.
CALUMET AND HEcLA SALE OF COPPER
This Sale Being 100000 Lbs. Lowered the
Price of the Metal to II Cents, Ship
ments Of Boots and Shoes
Have Fallen OFF.
Have allen Off.

New York, Nov. 17.--R. G. Dun and
Company's Weekly Review of Trade will
say tomorrow:
The signs of sllrinkage in the new de-
mand for iron and steel products become
more clear, and while prices of pig arr
maintained without change and biliets
are quoted lower only because premiums
for earlier deliveries are no longer paid,
plates are quoted lower at the East VITA
some small mills selling at 2.5c. at Pitts
burg, and sheets are sold by some w0ras
there ait SD to 81 less than the regular
price. The strength of bars at the West
as largely due to the great demand for
cars, of which lit is said that one tleu-
sand per day are ordered, but at the East
prices are a shade lower. A new de-
mand 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
London speculation depressed tin to 26c.
on Wednesday here, but subsequently, IN
advance of pounds sterling per ton
in the foreign market brought the New
York price up to %. A sale of copper or
the Calumet and Hecla, said to be of
20,000,000 pounds lowered the price TO
tic. Spelter is weak at 4.65, with leal
and tin plates unchanged.
shipments of boots and shoes fell of,
and yet are larger than in any previous
year, for the first two weeks of Noyem-
Der 1S3,2S1 cases. against 1913, 759 III
1897 and 1862 in 1894 and less in al
other years. Advances asked especially
since the recent rise in leather, haze
prevented much buying, though manY
works still have business ahead for some
time.
Textile manufactures are doing well,
although in woolens the speculation in
material threatens to cause some embar-
rassmerit. Sales of wool were AGAIN
heavy, 21,642,311 pounds at the three
chief markets, making in two weeks IL
S23,S11 pounds against IL, 437, 100 pounds
last year, when the mills were well EN-
pioyed. Clearly 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 a shade strong
er for fine washed Eastern fleece. and
for fine and medium delaine, so that the
entire list averages about an eighth If a
cent higher. WOrsted goods are again
in good demand and have been advanced
in price with some fannels. Carpe.s
also have been active, with prices adj
yanced five per cent for the season. Coz
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 r.ar-
ket by the mills, while bleached were
advanced to the highest quotation for
four years.
Conflicting estimates still make rhp
cotton market excited, but after falling
an eighth the price has recovered a siA-
teenth. The increased sales by planters
and shipments from plantations appears
to have had rather more influence than
short crop estimates, although from
high authorities Wheat declined a erac-
tion, but fully recovered, although At
lantic exports were only 2,976,551 bush
els, flour included against 3,96S,76S bush
els for the same week last year, aad
Pacific exports 720.79 bushels against
] ,99S, 093 bushels last year. The coarse
of the market is the more noteworthy
because Western receipts are much re-