The star. (Reynoldsville, Pa.) 1892-1946, 1899-10-04
REVIEW OF TRADE.
Iron Consumption Now Amounts 10 100000
Tons Per Month.

r. @. Dun G. Co.'S weekly review of
trade reports as follows for last week:
September is the twelfth consecutive
month in which the volume of busi-
ness, both at New York and outside
New York, has been greater than in
the same month of any previous year.
In these IL months payments through
the clearing house have been $s9.000,-
100000, against SCI 200, 100000 in the ~
months ending with September, 1892,
AN increase of S2S, S,l00,000,000 or over
46 per cent.
When the tremendous expansion be-
gan men called 1t replenishment of
long depleted stocks; then for a time
it was called crazy outburst, OF spec
ulation, and when demand still ex-
panded, some permanent increase of
business was recognized as a result of
Increased population earning better
wages. But the demand still grows,
now ranging about 60 per cent greater
than in 1892, while population accord
ing to treasury estimates Is 16 per
cent greater and wages are not over
10 per cent greater, A reconstruction
of business and Industries, of produce
ing and transporting forces, is in
progress throughout the land with re-
suits which none can now measure.
Iron consumption, instead of 100000
tons per month in 1892, is now over L.
100000 tons per month, and yet Is SO
far behind the demand for products
that the capacity of most works Is sold
far on into next year. With sales of
10000 tons at Pittsburg, bessemer pig
rose to S23 so. Chicago coke and
southern pig again rose 81 and new
furnaces are sold many months ahead
before they begin work Bars are
hard to get at any price. the whole
output of the Republic Company be-
ing sold to January, and 81 20 Is quot
ed for common at Pittsburg, while at
Chicago the great demand for car
building falls on works oVercrowded.
Contracts for 5000 tons plates have
been placed at Pittsburg. and at all
points the price Is rising with aston
ishing demand. Sheets are also high
er, with the demand intensified by re-
newed efforts for consolidation.
The wool market is active, with a
general advance averaging about half
cent on washed fleece oombing and
some unwashed; the entire list quoted
by Coates Bros. probably averages
about one-quarter cent higher Heavy
weight woolens are we'll cleaned up
and of spring worsteds many lines are
withdrawn. the clays being nominally
| advanced to 81 As, with some fancy
worsteds per cent higher. Stronger
demand for cotton staples causes an
| advance Of NC in brown sheetings and
| drills and 1ac in some bleached goods.
a broader selling arrangement at Fall
| River seems likely to prevent the pro-
| posed consolidation.
Cotton opened the crop year at 6Ac
and has risen to csc, although about
| quarter more has come into sight
than last year from the greatest crop
on record, and stocks here and
| abroad. commercial and MILL are 65S,-
| 900 bales greater than a year ago. But
belief In serious loss by droughts gains
| ground and also belief in largely in
creased manufacture.
Wheat exports from Atlantic and
| Pacific ports have been 1924, 1856 bushels
for the week, -four included. against
1851 ,022 bushels last year. and In four
| weeks 1881, 1858 bushels, against 15.-
061 1854 bushels last year The foreign
demand has aided to sustain prices.
whi..A closed hc higher than last week.
although western receipts have been
29129.5is bushels in the past four
weeks. against 3l.9S0.573 bushels last
year Corn Is unchanged In price and
still In large foreign demand. exports
1 having been In four weeks 12155, 90<
bushels. against l5.sis,2s2 bushels last
wear.