The star. (Reynoldsville, Pa.) 1892-1946, 1899-11-08
REVIEW OF TRADE.
Prices Of Pig Iron Still Advancing Slight Dc
Cline IN Wheat.

X, u. Dun ~ CO.'S weekly review or
trade reports as follows for last week:
British disasters In South Africa have
brought to view something beside the
self-roliance of the English people, that
they hold not many American secur-
tiles to be dislodged In any time of
alarm, but are inclined to take more
when stock and money look for safe
investment.
A little decline OF &c in wheat and
1hc In corn does not hinder exports.
though II Is some evidence that grow
ers think they have ample supplies At
lantlc exports of wheat for five weeks
have been, flour included, 1856 500
bushels, against 1S,lS2.63l bushels last
year, and Pacific exports 2,7l3,55l BUSH
els, against 3,9l74S4 bushels last year.
Western receipts of wheat have con-
tinued heavy, but have not rlvaled
last years extraordinary out-pouring,
amounting to only 35.D5S.0S7 bushels In
five weeks, against 1850. .79l bushels
last year, but western corn receipts
run ahead OF last years In the same
weeks, and the exports have been 49,
64S.0l4 bushels, againt IL .5jS. 1853 bushels
last year.
ton, II ,557 800 pounds reported, making
2O,3SS, 100 pounds at the three chief
markets for the week, are extremely
Important.
That not all are for consumption, as
the trade Is naturally tempted to be-
lieve. may be true, and yet actual pur-
chases by the mills OF half that guam
tity would imply extraordinary en-
couragement respecting the demand for
woolcn goods. The prices have been
generally advanced to an average
scarcely below that OF May, 1892, and
for Ohio washed, light and dark un-
washed, and pulled wool slightly
higher. Expectation OF higher prices at
London prompt much speculative buy
lng' but the demand for wooden goods
Is also undenlably encouraged. The
cotton manufacture h as also great
demand. with prices constantly rising.
so that with middllng uplands at 7.56c
goods are relatively nearer In price
than they have been since October /,
but whether both will advance much
further depends upon the correctness
CT current estimates Of the forth-com-
Ing crop.
Prices for pig iron for early deliver
les are still advancing, but as a great
part of the demand has protected Itself
by contracts running far into next
year, including purchases of $4,000 tons
bessemer this week at S23 so, and as
billets are quoted at S39 so for shot, but
s35 for next year. the market can be
interpreted several ways. Anthracite
pig Is also quoted at s24 30 for early
delivery, and local coke at Chicago.
But no finished products have ad-
vanced during the past week excepting
refined bars, which the Eastern asso-
citation has put up 81 per ton. More
weakness appears in some lines. of
which the works have not orders run
ming far ahead. But II is claimed that
100000 tons of rails. so per cent of the
entire capacity, have been sold for next
year. Tin is weaker at 30iAc. and lake
copper at 17c, while speter is offered
at 4.S5c.
Dealers are refusing to pay the
higher prices asked by manufacturers
OF boots and shoes to such an extent
that future orders are somewhat re-
stricted. Yet the October shipments
were 473,722 cases, against 4l5, ,259 cases
last year. an increase of IL per cent,
and 367,939 cases In the same week of
1892, an increase Of nearly 30 per cent.
Considerable irregularity appears in
the relation between demand and sup
ply. with rather more general hes
itancy in buying on the part OF dealers
In women's goods. Hides and leather
remain strong. packers having some-
what advanced prices at Chicago. their
supplies being sold four to six weeks
ahead.