Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-01-29
oUN's REVIEW OF TRADE.
january Eri1gs Increase In Business. but
.ot IN Prices.


January Eri1gs Increase In Business, but
sot IN Prices.
New YoI,K Jan pr. G.. Dun g
Co. S Weekly Review Of Trade, issued
today, says: The first month of the
new year has brought rather more in
crease IN BUSINESS, mt less improve
ment in prices than was expected. With
payments through clearinghouse, ~
per cent larger than in 1892 and prob
ably the largest ever known in any
month, with railroad earnings liz per
cent larger teal fe est of past years.
the fact that y. Is ere very low only
shows more C efAJ the increase III
quantities Of pc ucti sold.
Nor is there Il ! POSITION to refuse
orders, even 1t pes at prices; indeed
the comp tltlOn oi manufacturers seek
ing orders alone prevents rise. Most
of them have all they can manage, many
working night and day. and one great
steel concern running en- Sunday, but
the works not yet lIiled with orders are
seeking contracts at as low prices as
have ever been made, indicating that
even these are not entirely improbable.
The settlement of wages on 10 per
cent advance, April /, for 100000 coal
miners OF the central region, with other
changes, viii tend toward larger de-
mand tor products of all kinds, though
also toward some increase i'll cost of
manufacture.
Wheat has been conspicuous, rising
) cents for the week, with ola cents for
May options. So heavy an outgo with
wheat over 81 per bushel, and with corn
extraordinary movement of last year,
discloses the strength of foreign Ge-
mand even better than current &C
counts of Disappointing shipments from
Argentina and poor prospects In Russia.
The cotton manufacture Is III more
difficulty than any other, not merely
because prices do not much improve,
nor as yet the demand for goods, though
both are helped by the closing Of many
mills, but largely because the manufact-
urers and workers have considered too
little the rapidly growing production at
the south.
The wooden manufacture is doing
WELL fine worsted goods having opened
at an advance of 20 per cent over last
year, and the large mills are constantly
buying wool, even at current hign
prices, which implies great confidence
in the future, presumably based on
larger orders than are publicly reported.
Such purchases of wool have been fire.
quent of late, even by mills supposed to
be supplied far ahead, and one Proyi-
dence mill appears to have taken 100000
pounds worsted wool at Wheeling this
week. Sales at three of the chief mar
kets have been $3.50, 100 pounds and 1yr
four weeks, &c, 421 ,070, of which 81, &c.,,
720 We're domestic, against 36, 5456
last year, of which $780,, 300 Were
domestic.
The iron manufacturer is getting
larger orders for finished products,
which crowd many works beyond their
capacity, although some others are still
in the market and keeping prices down.
Pigiron is steady, except that Bessemer
at Pittsburg is 10 cents lower, the out
put last year being officially reported at
1862, $50 tons, and the consumption III
this country, unsold stocks considered,
9,625, 1888 tons, against 1901 ,504 in the
largest previous year, which was o.
1874 1882 tons in 1892.
Failures for the year have been 342 III
the United States, against 331 last year,
and 81 in Canada, against 81 last year.