The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-02-27
DUN & cos TRADE REVIEW.

DUN & cos TRADE REVIEW.
New York, February Pr. G.. Dun
& Co.'S weekly review of trade toInor-
row will say:
Prices of materials are yielding. If
not the best news possible for some
sp~eculatiors, it is the best that could
come for the country, since industries
could not long prosper without reac-
ton from the extreme prices caused
by actual or supposed scarcity of ma
terialS last year. Some help comes.
from new iron furnaces that have
opened or approach completion; some
from the famine in India, which sends
hlther ship-loads OF hides; some from
the much increased flocks of sheep
which have w~eathered the winter, and
some from the opening of new iron,
zinc or copper mines. The causes are
many, but the revision of quotations
gives promise of greater activity in
all the chief industries.
The great iron inductry has been
embarrassed by prices for pig and bill
lets, which were no longer sustained
by h gradually yielding prices of pro-
ducts. Considerable transactions are
now reported at Philadelphia at 81 to
$1.50 per ton below recent u~otations.
At PittSburg 20, 200 ions of Bessemer
have been sold and $4,000. tons of bill
lets, both iron n steel being report
ed 81 per ton lower. The new furnaces
supplying foundry iron have been
competing sharply at the east, and
made for Pittsburg delivery at 80 to
IS cents below previous quotations.
Sheets are strengthened there by the
new combinations, though it does not
embrace some large works, but with
the addition of 500, 900 tons yearly and
;+- ro1ns 70 tho Uoan or1 Tin D1o+n
companies, the National Steel has Sc
cured large and rich mines in Minneso-
ia.
Plates are still weak as most con-
Sumers are provided far ahead, but a
Pacific order overs 2,010 tons, and the
Chicago and Northwestern has placed
orders at the east for $500 tons bridge
work.
Cheap hides and leather enable boot
and shoe makers to take contracts
for split goods at 2k less than prices
recently asked and some large sales
have resulted, giving part of the shops
work for some time Others are get
ting very few orders. n some are
stopping or expected to stop in WE
weeks. The yielding in split leather
began early this month and in hem
lock sole a week earlier and has reach
oed one cent per pound. while this
week union backs and kip and glove
I, grain upper leather are cheaper. Hides
; at Chicago have again yielded, making
! 3 per cent, fall in a month, n 7.3 per
! cent. since December 18th. Supplies
accommodate, and on wharves at Jer-
sey City $50, 600 hides were landed from
India.
i, Prices of cottons are still ADVANCING.
the Fall River committee having rails
ed al it's goods Il cent and in spite OF
heavy port receipts spot cotton adj
yanced to 9.06 cents.
d. Failures in three weeks have been
7,a41, go. against $7.129. $50 last year.
! and 81, 49, 39 in 1898, but in the pre-
. yfous years they exceeded $40. SOC, 900.
: Manufacturing were 81, S56, 536. against
81. 643, S64 last year., and trading were
!, s.. s22. $40. against $3.237.4 Az last year.
Failures for the week nave been in
the United States 3o1. against 1sl last
year. and 50 in Canada against 20 last
wear.