Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1899-06-10
A RISE III P->iGES NOTED.
That of Last Week Not Equailed Any
Week of Many Years. says
Hnn'S EfNieM.

New YORK. June l0.-R. G.. Dun &
Co, S weekly review of trade issued to-
day said in part:
The past week has brought Il rise in
prices not equalied i'll any other week OF
many Years. Iron products have ad-
vanced S.S2 per cent i'll il week, and pig
iron is per cent. following advances of
per cent III pig and FER cent III prod
ucts during May Cotton has advanced
! per cent and cotton goods l.2 per cent
during the week, with WOODEN goods s
per cent and boots and shoes / per cent.
y little reaction of & per cent appears
in leather and per cent i'll hides, but
the characteristic of the time is that eX-
pectation of higher prices inducing buy
ing f;tr i'll advance of requirements for
consumption.
1t Is needless to say that this Is ii Synl-
tom Of danger, and the most conserva-
tive manufacturers, especially i'll IRON
and steel, have striyen to avoid it, but
actual inability to deliver products de-
manded leaves them little power. while
speculation in wool and other lines is
running away from consumption. 1t is
saving feature that quotations are
quite largely fictitious. Almost all the
goods now being delivered or produced
III some industries are on prices fixed by
orders accepted Several months ago, and
nearly all the iron works being thus
tied up far ahead, the prices quoted in
dieate not at all what they are getting,
but what they sue fit to ask as way of
refusing orders which they cannot ac-
cept, or else the bids of impatient buy
ers who can find nobody ready to de-
liver large quantities.
During the past week quotations have
risen for anthracite No. to $3.50, for
Bessemer to $3.50 ut Pittsburg; for
Grey forge to Sl6.25; for billets. with
practically no sales, to $3l; for bars, 50
per ton; for plates and sheets as much;
for rails to S26; for structural beams
and angles, 70 per ton, and for wire
nails, % cents per keg. But there are
no accounts OF large transactions at
these or any other prices, though small
sales of pig last week for Italy and this
week for Bremen at market prices,
with German offers for 10000 tons
southern pig, Indicate that needs abroad
are quite as great as they are here.
While there is a better demand for
woolen goods. so that prices of some
have advanced, it is not yet possible to
distinguish heavy speculative operations
i'll wool at Boston from efforts OF mills
to buy. The prices current i'll all WOOL
growing sections are so high as to pre-
vent sales i'll eastern markets to con-
sumers and traders, who believe that
mills will presently be forced to pay
higher prices, are taking the same risk
they did in the winter of 1897, not real
iZing the size of stocks sold.
After some advance wheat suddenly
declined cents, closing lower for the
week. The estimates of reduction i'll
yield are weakened i'll market jugdment
by certainty that spring wheat acreage
is unknown and may exceed expectil-
tions, and that the prospect in spring
wheat states is excellent. Corn has
shown unusual Independence, scarcely
changing i'll price, with exports 2,S04,-
800 bushels, against 4,134 ,64l bushels
last year
Failures for the week have been 1j9
i'll the United States, against 203 last
year, and 10 i'll Canada, against II last
year.