The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1900-02-28
PRICES DECLINE.
DUNN'S WEEKLY TRADE
REVIEW.

New York. Feb 23.-R G. Duou 4
Co's Weekly Review Of Trade touor-
row will say Prices Of materials are
yielding. II not the best news possi bls 9
Cor some speculstors. it is the best that
could ooGe for the cououy, s,nce
industries could not long prosper with
out resotion from the extreme prices
caused BY actual OF supposed scarcity
OF materials last year. Some help
comes from DOW iron furnaces that
have opened or approach oom pletioo.
Some from the famine 10 Iodis, which
sends hi'her shiplosds of hides, come
from the much increased aooks of
sheep which have wes.hsrsd tho winter,
aod soms from che opening of Dew
iron. sinc or copper mines The causes
are msoy. but The revision of quota.
'ion gives promise of greater ao,ivisv
10 ell the chief industries
: The great iron Industry hes been
embarrassed BY prices for pig and
billets. which were 90 longer sustained
BY the gradually yielding prices of
products. Considerable transactions
are nov reported at Philadelphia al to
81 30 per ton below recent quotation us
At Piusburg 100000 tons Bssseuer
have been sold aod rs. 900 tons bille.s.
both iron aod steel being reported Al
per ton lower. The now furnaces sup.
plying foundry iron have been com.
petipg sharply at the east. aud small
sales Of Bsssemer have been made for
Pit,sburg delivery at so to IS cents
bslow previous quotations. Sheets are
strengtbed there by the new oombiua
tious. though il does DOT embrace some
large works. but With this addition Of
500. 900 tons yearly aud its sales to the
hoop and tin plate com pauies, the
National Steel hes secured large aud
rob mines 10 Minnesota.
Plates are still weak. 40 most con.
su@ers are provided far ahead, but .
Pacific order covers 2 900 tous and the
Chicago aod North western has pl.ced
orders st the east Tor S 900 tons bridge
work. and better business enables tio
plate works which have been idle to
resume.
Cheaper hides sod leather soable
boot snd shoe msksss to take contracts
for splIs goods as p, lsss>th.u prices
recently asked. suo some large sales
have resulted. giving part Of The chops
work fsr some tiwe. Others are got.
ting very few orders and some ars
stopping Or expected to stop 10 two
wssks. The yielding 10 split leather
begso early this mouth. and 10 hemlock
sole . week earlier aod has re.obed l
eeot per pound, while this week union
baeks aod kid and glove gr.io upper
leather are cheaper. Hides st Chicago
hsvs sesiu yielded. mskiog 8 per cent
fall 10 . month sod 7.3 per Geo. siooe
Dec l3 Supplies accumulate and on
"hsrvss At Jersey City $50, 900 bides
we're Landed from Iodis Shipments Of
boots aod shoes from the eas. have
been 10 three weeks %. 1893 GASES
against 24S .379 10 1898. tho largest
previous year,
At last it is admitted that wool quo.
sss'ons 90 long held are folly 3 oeu,s
per secured pouOd higher than prices
10 large actual sales last week and
since, tho decline covering ersdes be.
tween one quarter blood sod lower.
which 10 10 demand and sesroe. end
6oe fleece graded Xxx or above. The
explanations are ,nauy the fact is that
when mills msde enormous sale OF
heavyweight goods aud then bouRh, 10
wool. the fable that their stocks we're
exhausted ceased to have force. 10
Zoe medium territory. selling at SO
cents secured and other wool down to
the low grades. the fall is general, and
English markets are also weaker
Goods OF foe grades have been open cd
With much less advance 10 price than
was made 10 cheaper grades, but osu.
oellations continue numerous.
r rices Of cottons are still advan ciu o .
the Fall River committee having raised
all 'ts goods an eighth, and in spite of
heavy port receipts, spot cotton ad
vauoed TO 9 O6 cents.
Failures 10 three weeks have been
81. .23O against S7.129,7SO last
year and 81. 2e3 439 10 1898, but iu
the previous years they exceeded
$lo. .6OO. 900. Man uufscturine we're
~ 500 $50 against So. 3.643 1854 last
year. and trading were 1892 $50
against $S. 2S7 .472 las. year.
Failures for the week have been 10
the United States POI against 191 las.
year. aUd 33 10 Csuads against 40 last
year.