The sun., 1901-12-07
7HE STATE or TRADE.
Comment by Dun's Review on the
- Business Of the Week.
THE METAL MARKET FIRMER
,o,d,ity to Get Coke Deemed Like
~ 10 Cause Decline In the
production of Pig Iron.
The Cereals Gain.

Nav York, Dec. 6.--R. G. Dun g. Co.'S
wenily review of trade says:
Although nominal quotations Of iron
onl steel are unchanged, figures refer
oply TO future deliveries, and in most
casrs prices for current shipment COM
maud d considerable premium. Since
,s margin Is influenced by local CON
dilions ut the various mills and fur
nscns besides being further compli-
.,tpd BY scarcity of freight cars and
strikes, IL is almost Impossible to ar
rRc III fairly representative price
I.yrl. In general, however, the tone is
distinctly tirmer, with especial scarcity
If hillcts and further importations.
Stcal rail mills are still accepting or
dprs, with their capacity engaged about
up 10 the end of next year, and there
Il much concern regarding the filling
of contracts since the lack Of fuel
crows more alarming.
Instead Of pig iron production show.
tne another new high record on Dee. 1,
n was indicated by the urgency Of de-
naad, II now appears probable that a
lo,, will be officially announced be-
F9tiee coke was not available. Instead
pf furnace stocks being entirely elm
matted an increase may be recorded,
,nce cars could not be secured to re.
move supplies, although mills We're ur-
cont ia requesting prompt shipment.
Architects plans point to brisk move
mrnt Of structural material when work
begins on projected undertakings, and
merchant steel mills have orders for
mnlths ahead 4 seasonablc decrease
IEts occurred In the movement of pipe,
Whilc independent mills have furnish
III sufficient competition in sheets and
wirn nails to bring slightly lower
prices.
Activity and strength are conspicu-
ou, iii the markets for domestic wool
i0atrs Bros circular makes the aver
no ~ il hundred grades 1751 cents,
which Is the best price recorded since
MHE. Concessions are not secured by
purchasers, but on the other hand,
Aaldrrs grow more confident Despite
rcccnt phenomenal sales at Boston,
ihw Is steady buying, and stocks do
itdf accumulate, although arrivals are
y
caS received good duplicate orders.
wtir contracts for spring lines come
forward freely.
cotton Goods In Better Request.
Cotton goods are in better request
hHt miiS delay new undertakings be
raitsp uf the sudden rise In raw mate
rll ANA il it is sustained there will
Ik.,, li.f ,f Ne
Coarse coored cottons are selling well
largaly for export. Local dry goods
jubhers report large mail orders. Foot
wear factories are busy on spring
goods, many having contracts for some
months full occupation. This is espe
ealiy true Of those who are fortunate
enough to have leather still coming
forward on old contracts. placed whel
prices were much lower Other max
~ are compelled to fill orders at olt
prices, but insist on slightly lowel
qualities, which are accepted. Chicago
hlloS show further decline, but i'm
ported dry hides are well sustained.
staple products continue advancing
corn making most sensational gain
Extraordinary high prices for this &C
teai iamptpd many traders to sell FIJI
ilgr contracts in expectation Of q sllal1
ieartian, but "A further violent rise t
ilte highest price for many years com
p@il@l covering mt severe losses. Thi
Elatin Is not governed by precedent til
smallest exports for many years failin
q produce any effect. Shipments fror
Atllitic ports for the week reached til
lowest point since 1891, amounting I
only 2TS,2l5 bushels against G.336,71
ia~t year. Wheat was also sharply aC
Edneed 10 the best price of the season
largely through sympathy with corr
ior which it is freely substituted. Poe
weather for the new crop winter whcH
4lld liberal milling demands were MS
strengthening factors, besides eXpor;
from all ports of the United State
amounting to 4,S15,752 bushels for til
week against 3,255,211 year ago.
Gotton was aroused from its letharg
by an unexpectedly low official est
mate of the current crop ut only 9,67i
900 bales, when about million MOI
was predicted by the members of Il
leitdlng exchanges. Vigorous speculi
non and an advance of over ~ a ba
occurred when the low yield was Al
bounced.