Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-11-23
LESS DEMAND.
Not SO Many Orders Visible
for Iron and Steel Products.
BIG SALE OF COPPER.

BIG SALE OF COPPER.
Steel Industries Find Pressure OF Now
Orders Lessened and Lowering
ofPrices at Several Points
- tho Result.
New York, Nov, 1s-"The signs OF
shrinkage in the new demand for iron
and steel products becomes more clear.
While prices of pig are maintained
without change the billets are quoted
lower only because premiums for early
deliveries are no longer paid, plates are
quoted lower at the east, with some
small mills selling at 2.5 cents at Pitts
burg, and sheets are sold by some
works there at SO to 81 less than the
regular price.
'The great strength of bars at the
west is largely due to the great de-
mand for cars, of which it is said 1000
a day are ordered, but at the east prices
are shade lower. A new demand
does not make up for the rapid COM
pletion of old orders in some lines, so
that competition OF works weakens
prices.
| After thus telling of present indus
trial conditions in the United States,
r. G. Dun & Co.'s Weekly Review OF
Trade continues:
In minor metals the collapse OF Lon
don speculation depressed tin to 90
cents on Wednesday here, but subse-
quently an advance OF 6 per ton in
the foreign market brought the New
York price up to 2S. A sale of copper
by the Calumet and Hecla, said to be
of 20.000,000 pounds, lowered the price
to II cents. Spelter is weak at $4.65,
with lead and tin plates unchanged.
Shipments of boots and shoes fall off
and yet are larger than in any previous
| year-for the first two weeks of No
vember 1s3,2S1 cases, against 163.759
in 1897, and 146,972 in 1894, and less in
all other years. Advances asked, es-
| pecially since the recent rise in leather,
have prevented much buying, though
many works still have business ahead
for some time.
4 Textile manufacturers are doing we'll,
although in woolens the speculation in
material threatens to cause some en-
barrassment. Sales Of wool We're again
heavy-21,64 2,311 pounds at the three
chief markets, making in two weeks
l,s23,sl1 pounds, against 1887, 100
pounds last year, when the mills We're
well employed. Clearly large share
of the transaction has been for specu-
lation, but the mills have been buying
also, especially those recently started
after long idleness.
j Prices are a shade stronger for fine
washed eastern fleece, and for fine and
medium delaine, SO that the entire list
averages about one-eighth OF cent
higher. Worsted goods are in good de-
mand and have been advanced in price
with some flannels. Carpets also have
been active, with prices advanced per
cent Tor the season.
4 Cotton goods continue to advance,
with strong demand, and with belief
in short crop, SO that some have been
i for the time entirely Withdrawn from
4 the market by the mills, while bleach
ed We're advanced to the highest quo
4 tation for four years. Conflicting esti-
mates still make the cotton market ex-
cited, but after falling VI the price has
recovered lilo. The increased sales by
planters and Shipments from planta-
tons appear to have had rather more
Influence than short crop estimates.
Wheat declined fraction, but fully
recovered, although Atlantic exports
were only 2,976,551 bushels, -four in
cluded, against 3,96s,76s for the same
week last year, and Pacific exports $780,
1893 bushels, against 1,9ss,O93 last wear.
i The course of the market is more note
worthy because western receipts are
much reduced. being only 5,s97, 1867
bushels, against 10,337,311 last year.
Corn declined fraction, with heav-
Ter exports than last year and smaller
receipts.
/ Failures for the week were 21o in the
United States, against 223 last year, and
twenty in Canada, against twenty-six
last year.
Bradstreet's says:
General trade and industry continue
at maximum volume for this season
of the year, while prices, as whole,
manifest strength unapproached in
recent years. Strength of values is
still most notable among manufactured
textiles, but cereals, hides, leather and
manufactures thereof have also
strengthened slightly. On the other
hand, pork products, raw cotton and
tin are slightly lower. The great ma
jority of prices, however, remain firm
at unchanged quotations.
| Wheat Gncluding four) shipments
for the week aggregate 4,540,0O7 BUSH
els, against 4,65O,S42 last week, 5,679, IA
in 1898, 6,653,792 in 1907, 3937,233 In
1896, and 2,916,s33 in 1895. Since July
| I, this season, the exports aggregate ST.
/ 779,s69 bushels, against s3,299,357 last
year and 95,973,528 in 1s97-'9S..
| Corn exports for the week aggregate
4,603,71S bushels, against S3,299,35 last
week, 3,5s1,724 a year ago, 5000, 700 in
1897, 2,975,721 in 1896, and 1,743, 167 in
1895. Since July 1,this season, the ex-
ports aggregate ss,O76,965 bushels,
against 56,s2S,916 year ago and &c.
670,440 in 1S97-9s.
oUTLANDEhs OF SOUTH DAKOTA