Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-02-06
v-t1E11TNC REGISTER, SATURDAY, FEBRUARY O. 49, {.
DUN'S REVIEW OF TRADE,

New York, February 5.-R. G. Dun &
Co weekly review of trade tomorrow
will say:
No important change in business ap-
pears. but the number of manufactur-
ing establishments starting much eX-
ceeds the number of those stopping dur
ing the week. and so much that the cur
tailment Of working time in many cot
ten mills probably does not lessen the
aggregate productive force or amount
OF WAGES paid. There is distinct in
crease in orders for wooden goods, some
sain in the silk manufacture, a waiting
condition with gain in one branch OF
boots and shoes. and indications OF bet
ter things coming in the iron and steel
manufacture All symptoms are favor
able in the money market. and large
sale OF securities in connection with the
Northern Pacific and Oregon Nayiga-
tiOn interests to European purchasers
Will put off still further the possibility
Of geld exports. II is also cheering
evidence Of confidence among European
investors
To many il is the most pcrpleXing
feature Of current events that wheat
does not rise much. though il has ad-
vanced l2tc Tor the week. Atlantic eX-
ports have been only $3.50 bushels,
flour included, against l965.i56 for the
same week last year, while western re-
ceipts have been only l.4GS,ll0 bushels,
against 2N00 401 last year. The condl-
zion of the market is NOT explained by
any special information. bur current
prices show that no great confidence IS
felt in the estimates of supplies aval.-
able for the rest of the year Cotton
fell 90 IA after the agreement 10 close
FAN River and other print cloth works
became known. but recovered the quo
tatiOn of a week ago. 13l. without
further news. Spinners takings have
beeu so small this year. those OF North
oru mills about 100000 less than III
lS94-95. that the admitted narrowness
of demand for goods has al present con-
siderable weight.
sales OF wool have been smaller than
in other recent weeks, and Yet are far IN
excess of the consumption Of all mills
for a week. if all were fully employed.
There has been only sligh, stiuening
in prices buJ more foreign wool Will
be taken and stored. IL is believed. il
western holders continue TO demand
higher prices. More important than
these indications is a little better de-
m3rd for heavy weight goods, which
has led some Of the smaller mills 40
buy wool more freely and thus enable
number 20 start operations.
Prices of BesSemer pig and grey forge
nj Pittsburg have slightly advanced
with a much more hopeful feeling. not
withstanding the comparative narrow
ness of the demand for finished pro-
ducts. and in plates and wire and wire
nails there is much more business with
good prospects. Billets are quoted At
Sl5.25. with scarcely any demand at
present. and rods at 81. while Ne. -
black sheets are quoted al only ,wo
cents. Reports that $4,000 tons of steel
plate and sheet bars have been export
ed TO England are only indications OF
the temporary excess OF supply over
demand i'm this country, and are not
supposed 10 have realized any proht.
Yet il is stated that prices OF cast pipe
are from s. 10 s. per ton lower nj New
York than at Scotch works. Bars are
quoted an the lowest price ever known
at Philadelphia without much IN
prcvement in the demand and steel
rails are still inactive and unchanged
i'm price. the railroads waiting for q
decline corresponding TO the fall in bill
lets. But ON the whole the demand for
iron and steel products is slowly gain
ing. and a considerable proportion Of
The works is fully employed though the
sain is not yet enough for those who
have taken large stocks of material or
products on speculation.
Failures for tie week have been 3li.
in the United States. against 323 last
year. and 6S. in Canada, against g. last