The times. [volume] (Richmond, Va.) 1890-1903, 1899-11-04
THE WEEKLY
TRADE REVIEW
Decline in the Price Of Cereals Does
Not Hinder Exports.
ENORMOUS SALES Of WOOL.
Prices of Pig Iron Are still Advancing
But the Market Can he Nari-
ousIy Interpreted-Fail-
ures for Week.

NEW YORK, Nov. 3.--R. G. Dun & Co.'S
Weekly Review Of Trade will say to-mor-
row:
British disasters in South Africa have
brought to view something besides the
steady self-reliance Of the British people,
that they do not hold many American
securities to be dislodgcd in any time OF
alarm. but are inclined to take more
when money looks for safe Investment.
A decline Of 3-S in wheat and II IN
corn does not hinder exports, though II
IS some evidence that growers think they
have ample supplies. Atlantic exports OF
wheat for five weeks nave been, Hour
included, 10 6S6. sos bushels. against IL, l>-'-
81 last year and Pacific exports, Z,tl5,9'l,
against 1917 l4 bushels last year. West
ern receipts Of wheat have continued
heavy but have not rivalled last years
extraordinary outpOuring amounting to
only 35.e5S0S bushels In five weeks
against 49.GQ7N last year, but Western
corn receipts run ahead Of last year 3
in the same weeks, and the exports have
been ls6S4,O4 bushels, against ll5Jsl5
last year.
Il 81. 800 pounds. reported, making 2,3oo-
80 az the three chief markets this week,
are extremely important. That they are
not all for consumption, as the trade Is
naturally tempted to believe, may be
Nrue. and yet actual purchases by the
mills Of half that quantity would Imply
extraordinary announcement respectlnB
the demand FOR wOOilen goods. Inc
prices have been generally advanced 10
an average scarcely below thatNof May
lSo and for Ohio washed light and dark,
unwashed and pulled wool slightly higher.
Expectation OF higher prices at London
prompt much speculative buying.
The cotton manufactures are also en-
couraging with prices rising. so tnaI WIN
middlng uDlands al $50. goods are rela-
lively higher in price than they nave Deen
since October LIST. but whether both VIII
advance much further depends upon the
correctness OF current estimates OF the
forthcoming crop.
Prices Of pig iron for early deliveries
are still advancing, but as a great part OF
the demand has protected itself by con-
tracts running far into the next year, in
GLIDING purchases Of 5000 tons Bessemer
This week at $3.50. and as billets are
quoted at S9 "a for spot. but So for next
year. the market can be Interpreted sew
eral ways. Anthracite pls Is also NuoleA
at S245O for early delivery. and local coke
ut Chicago but finished products have
advanced during the past week. except In
refined bars which the Eastern Association
has put I'D one dollar per ton. More weak
ness appears IN some lines of which the
works have not orders running Jar ahead.
But il is claimed that $4,000 tons of
rails. so per cent. Of the entire capacity,
has been sold for next year
Tin Is weaker no $3.50 cents and Lake
Copper at 10 cents. while sDeiter Is offered
at siS5.
Dealers are refusing 90 pay the higher
prices asked by manufacturers Of boots
and shoes % such am extent that future
orders are somewhat restricted. Yet. the
October shipments were 1922 cases
against H5E9 last year. au increase of ~
per cent and 357e39 ln the same week of
1892 an increase of nearly O per cent.
Considerable irregUllrty appears in the
relation between demand and supply with
rather moro activity in buying 0n the part
of dealers Hides and leather remain
strong. packers having somewhat advanc-
ed prices 1t Chicago their supplies being
sold four 10 six weeks ahead.
Failures for the week. i3 in the United
States against l9t last year, and . in
Canada against 2S last year