The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-11-18
DUN'S WEEKLY
REVIEW OF TRADE
Shrinkage In Demand for Iron
and Steel Products.
TEXTILE MEN DOING WELL
Cotton Goods Continue to Advance
Failures for the Week in the Unit
ed States Were 2le, Againss
223 Last Year
TEXTILE MEN DOING WELL

New York, November 17.-R G. Dun &
Cos. weekly review of trade will say to-
morrow:
THE signs of shrinkage in the new de-
mand for iron and steel products become
more clear and while prices of pig are
maintained without change and billets are
quoted lower only because premiums for
earlier deliveries are no longer paid, plates
are quoted lower at the east with some
small mills selling at $3.50 at Pittsburg and
sheets are sold by some works there at
SO and "a less than the regular price The
strength of bars at the west is largely due
to the great demand for cars of which 1t
is said that 900 per day are ordered, but
at the east prices are a shade lower. A
new demand does not make up for the rapid
competition of old odds in some lines so
that competition of works weakens prices.
In minor metals the collapse of London
speculation depressed tin to 26 cents on
Wednesday here, but subsequently an ad-
vance of four pounds per ton in the foreign
market brought the New York price up to
rs. A sale of copper by the Calumet and
Hecla said to be of 2O,O00,o00 pounds, low
cred the price to II cents Spelter is weak
at $4.65 with lead and tin plates unchanged.
Shipments of boots and shoes fell off and
yet are larger than in previous years for
the first two weeks of November 1S3,2Sl
cases against 163,759 in 1897 and 1882 in
1894 and less in all other years.
Textile manufacturers are doing well, al
though in woolens the speculation in ma
terial threatens to cause some embarrass-
ment. Sales of woods were again heavy.
q 642,3 81 pounds at the three chief markets,
making in two weeks 4,23,S1 pounds
last year when the mills were well en-
ployed Clearly large share of the trans
actions has been for speculation, but the
mills have been buying, also especially
those recently started after long idleness.
Prices are shade stronger for fine washed
eastern fleece and for fine medium delaine
SO that the entire list averages about an
&c higher. Worsted goods are in good de-
mand and have been advanced in price with
some f1annelS. Carpets also have been act
i've, with prices advanced per cent. for
The season. Cotton goods continue to ad-
vance with a strong demand and with the
belief in a short crop so that some nave
been for the time entirely withdrawn from
the market by the mills while bleached
were advanced to the highest quotation for
four years. Conflicting estimates still make
the cotton market excited, but after falling
&c the price has recovered lie. The in
creased sales by planters and shipments
from plantations appear to have had rather
more influence than short crop estimates
though from high authorities. Wheat de-
clined a fraction, but fully recovered, al
though at the exports were only 2,916,55O
bushels flour included against 3,96S,16S for
the same week last year and Pacific ex-
ports 720, 1893 bushels against 1,9SS.O93 last
year The course of the market is the most
noteworthy because western receipts are
much reduced, being only 1897 S67 bushels
against 1887 81 last year.
Failures for the week were 2l9 in the
United States against 223 last year, and 20
in Canada against rs last year.