The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-03-11

atives Feel the Movement but Wool
New York, March 10.-R. G. Dun &
Co weekly review of trade tomorrow
will say: BY far the best assurance of
good business in the future is found in
the general rise of wages. The general
advance in earnings of cotton mill oper-
atlves in most cases 10 per cent, OF
iron and steel workers generally 10 per
cent, and tin plate and sheet workers
from to 10 per cent, and of coal miners
in some large districts about as much,
has set a pace which most establish
ments will follow which have reduced
wages in past years of depression. The
volume of business shows no signs Of
decrease, and for the first full week of
March has been about Sit per cent.
greater than in the same week of last
year and COS per cent. greater than in
1892
Most people would not expect the pro-
duction of pig iron to be affected by the
weather. Yet in the Pittsburg district
alone, the furnaces running are said to
have produced $4,000 tons per week less
than their January output, so that the
decrease in weekly production Of all fur
naces, 22S,191 tons March /, against 1884,
$50 February l. does not mean anything
more than bad weather. But bad
weather means mischief at times, and
the shrinkage of supplies of iron in
February, just when increased supplies
were expected and needed, has contrib
uted much to the extraordinary advance
in prices s2.75 in anthracite No. Feb
ruary 1, $3.50 in Bessimer pig at Pitts
burg, and $255 in grey forge
Plates are in especial demand and
higher, but in rails, bars and structural
forms the demand and prices are not yet
much changed Tin is firm at 1886
cents and copper is scarce for spot at
1775 cents, with, lead weaker at 430.
The trust refuses quotations for tin
plates. The demand for coke exceeds
the transporting capacity for the Con-
nellsville region. but the output has been
16S, 697 tons for the week, furnace being
quoted at SLIGO and foundry at 81 per
ton. The shipments of boots and shoes
are smaller for the first week of March
than in the same week of seven previous
years, but the present feeling is more
hopeful, although new orders are much
below the average, and third of the
visiting buyers at Boston, it is said, get
away without doing anything of conse-
quence. Just at such a time the prices
of leather are advanced nearly 2 per
cent. in the average although the aver
age for hides at Chicago is distinctly
lower because of a demand considerably
less than the supply.
The wooden manufacture has been
hampered by doubts about the price of
wool, but now big combination of
worsted producers has been formed with
several other combinations proposed in
goods of other kinds, but these do not
encourage buying and the season con-
tinues disappointing. In wool markets
sales are barely equal to the ordinary
of the mills dependent on
them, but prices are rather easier Elk
ports of wheat do not yet fall below last |
years, as many have for some months
expected, and the Atlantic exports flour
included, have been for the week $780, |
092 bushels against 2S90,S79 last year,
and Pacific exports 603 1877 bushels |
against 1,2S0S1S last year, with other
exports of 4,17S,0OO bushels Western
receipts We're 4,o71, OF bushels against |
2752,9 1S for the same week last year and |
the output from the country goes far |
to check apprehension as to deficiency |
Of the crop. The price is about two |
cents lower for spot and corn is about |
one cent lower, with western receipts |
4 $50, 4O4 bushels against 5437,20 last |
year, while exports have been for the |
same week $685. S7 bushels against g.
D57, S51 last year.
Failures for the week have been 1872 |
in the United States against 24S last |
year, and 81 in Canada against So last |
year.