AMERICAN TRADE.
I Trade continues factive in the United States. The price of steel rails has advanced to 35 dollars per ton, though deliveries have been made at eighteen dollars. Within a year contracts let cover a million and a half tons, or two-thirds of the capacity of ihe worts, for. the coming year, in 'cotton alone, which is low in price, owing to a deadlock between foreign consumers:'and American producers. The Transvaal trouble has caused large sales of ammunition and meat, and the money market was at first thrown into a panic by the outlook. It has now strengt thened because of the belief that mining shares would be worth more without Boer control in mining regions.
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Bibliographic details
Wanganui Chronicle, Volume XLIII, Issue 15000, 22 November 1899, Page 2
Word Count
118AMERICAN TRADE. Wanganui Chronicle, Volume XLIII, Issue 15000, 22 November 1899, Page 2
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