| Show STAGN TION II WflOL S t li t Prices of Domestic Reach Lower Level 4 ONLY KODERATE DEMAND S I MANUFACTU1tERS + ARE NOT mT I COUBAGED TO BUY I + Iron and Steel Industries Still Lead I All Others In the Matter of Activity I Activ-ity Many Plants Are Withdrawing I Withdraw-ing All Quotations Being Unable to Pill Orders 1 t New York Jan OB G Dun Cos weekly review of trade will sayS say-S tomorrow A new year rarely opens brillijintii Too many traders have to I wait for the demand which in winter I I comes slowly The industries resist fairly well the tendency to unlimited I expansion which some have to meet Speculation in products is gaining but little while in stocks the enormous I vdlume of business results In continually contin-ually higher prices The volume of payments through the clearing houses la extraordinary per cent larger than last Tear 969 per cent larger than In 1897 and 5L5 per cent larger 3 than in 1892 even the transactions outside out-side of New York showing a gain over 1S92 of 44 C per cent Speculation at New Yorl therefore cannot be the main cause of gain Difficulties between i be-tween holders of material and manufacturers manu-facturers continue to hinder in some industries and In some may prove se iously embarrassing but the activity is on th < > whole unsurpassed hitherto and the volume uf traffic Is beyond all expectations In some branches consumption con-sumption is running beyond the pro J fluting capacity but in others it is hindered I i hin-dered by doubts abrut thefuture supplies sup-plies and prices of materials The woolen manufacturer is still wailing vth only aonoderate demand for goods as yet The production is S large and considerably larger than in l recent years but does not nearly approach ap-proach the capacity of the mills Sales of wools for the past three weeks at the I three renters of the eastern market have been IG495000 pounds against I 22322CrO last year and prices of domestic do-mestic fleece are lower with presentS present-S demand funning largely to quarter and halfblood Australian crossbreds But there Is not enough change In material 01 In demand for goods to encourage I heavy bu > ing by manufacturers yet The Iron and steel manufacture leads all cthes in the volume of new business busi-ness While production Is much the I largest ver known many of the works are withdrawing all quotations or naming prohibitory PrIces in order i to chetk urders which they cannot fill for months 10 come and do not want to arcpt at current prices The number num-ber of such works is rapidly increasing increas-ing as the heavy demand for materials ccvc s inany months capacity Bessemer Bes-semer pig is a shade higher at 1090 with sales of 25000 tons at Pittsburg und there is something like a famine ut gray forge with sales at 975 although al-though one sale at 995 in the valley Is reported While finished products are in very great demand especially for carbuilding and special works at the vst the week shows no advance in prices excepting 50 cents per ton in ster rls at the east These conditions condi-tions faor Continuance of the extraordinary extra-ordinary reign trade which resulted in tb grc xtest balance in favor of this country ever known January this sear ndkates a Imilar excess of exports ex-ports ov tr import s and while wheat exports ex-ports lae increased evecy month since last AI1Slls they have been in three euks lo07b077 bushals flour included from bth coasts against 11899952 DuseWs last year Failun for the week have beeen 249 in the ruled States against 374 last year and thirtytwo in Canada against fiftythree last year |
