The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-18
SY8INKAGE IN THE DEMAND.
uoRE PREMIUMS FOR EARLY
DELIVERY OF IRON.

HAS caused Lower Quotations on
same Classes of the Product-Some
,,.,,ression in Minor MetaIs-Ad-
- in Leather Have Prevented
,,n.b Buying-TextiIe Manufac-
- seem to Hold Their Own-The
81, With Cotton and Cereals.
~. York. Nov. 17.-R. G. Dun & Co.'S
weekly Review of trade VIII say to-mor-
row:
,-ts signs of shrinkage in the new de-
for iron and steel products become
Ire clear. and while prices of pig are
..,irfained without change and billets are
-rote5 lower only because premiums for
-rt,ar deliveries are no longer paid.
.i,.se are quoted lower at the East, with
come small mills selling at rs cents at
r..s5,rg. and sheets are sold by some
,,orlts there at 50 to 81 less than the regu-
Tar price. The strength of bars at the
West is largely due to the great demand
Cor cars. of which it is said that 1000 per
5,, are ordered but at the East prices
L , shade lower. A new demand does
mai make up for the rapid completion of
al
ron for work weakens prices.
In minor metals the collapse of London
soaoulation depressed tin to % cents on
Wednesday here but subsequently an adj
vance of a per ton in the foreign market
brougbt the New York price up to Is. A
sale of copper by the Calumet and Hecla,
said 10 be of 10000 pounds, lowered the
nri,a to II cents. Spelter is weak at 4.65,
with lead and tin plates unchanged.
sbfpments of boots and shoes fell off,
and VET are larger than in any previous
wear for the first two weeks of Novem-
her. 1S3.2 PSI cases, against 1878 in 1897 ana
1882 in 1894, and less in all other years.
advances asked especially since the re-
cent rise in leather have prevented much
buying though many works still have
business ahead for some time.
In the Textile Market.
textile manufacturers are doing well, al
though in woolens the speculation in ma
teral threatens to cause some embarrass-
ment Sales of wool were again heavy,
a.A2311 pounds at the three chief mar
ke,s. making in two weeks Al, 1928, 81
rounds. against II, 4S7 100 pounds last
year. when the mills were well employed.
Clearly a large share of the transactions
has been for speculation, but the mills
have been buying also, especially those
recently started after long id1eness.
Prices are a shade stronger for fine
washed Eastern fleece, and for fine and
medium delaine so that the entire list av-
erages about an eighth of a cent higher
Worsted goods are again in good demand
and have been advanced in price with
some tannels. Carpets also have been ac-
uve with prices advanced per cent for
the season. Cotton goods continue to ad-
vance with a strong demand, and with be-
& lief in a short crop, SO that some have been
for the time entirely Withdrawn from the
81 market by the mills, while bleached were
q advanced to the highest quotation for four
years.
Conflicting estimates still make the cot
Ton market excited but after falling an
eighth the price has recovered a sixteenth.
The increased sales by planters and ship
ments from plantations appears to have
had rather more influence than short crop
estimates, although from high authorities.
with the Cereals.
Wheat declined a fraction, but fully re-
covered. although Atlantic exports were
only 2.976.55l bushels, flour included
against 3. 96S. 76S for the same week last
year, and Pacific exports, 40, 1913 bushels,
against 99S 093 last year. The course OF
the market IS the more noteworthy, be-
cause Western receipts are much reduced
beng only 1891, S67 bushels against 10,337,
3li last year.
Corn declined a fraction, with heavier
exports han last year, and smaller re-
cepts
Failures for the week we're 219 in the
United States, against 223 last year. and
twenty in Canada, against twenty-six last
year