The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-02-12

NEwNToRk, Fob. ii.-n, 9. Dun &
Co.'S weekly review OF trade VIII tay
in Its issue OF tomorrow: u
Business Is pushing toward spring ne
tlSlty rather early. Events which have
controlled are good buying of iron by
the largest makers, the rise In cotton
with strength In goods, the great rail-.
way, consolidation and the Cuban IN
surrcctlon. The latter, with It's posis!-
blli,ies, oppcatcs as brake on speeu-
latlon and foolishness OF local traders
gave foreigners much desired opnor-
tunity to buy stocks on balance. ABOUT
$4,000 shares. January earnings, Sss'-
017,4i7 already reported are l6.6 per cent
better than last year and 95 better thah
in 1892, showing the best month IN Blk
years at least, and February returns
thus far are promising.
The output OF pig iron February j,
was 229,S23 tons weekly, the largest In
the history OF the business, but the re-
ported buying OF 100000 tons BesseIner
Iron by the Carnegie company ana loV.-
600 By another OF the largest steel con-
Germs, nevertheless means decision
by the ablest manufacturers that the
unprecedented output OF pig VIII soon
prove too small for the growing de-
mand for finished products.
The Illinois Steel Company mas con-
tracted FOR million tons Bessemef ore.
and producers OF other ranges count
upon an advance in price. Bessemer
pig rose 20 $40 15 and Grey Forae 10 ~
ut Pittsburgh. with finished products
generally stronger and In larger de-
mand than ever at this season, Raii
contracts already cover. It Is said. more
than last years production. the rail-
ways buying earlier than usual. Bar
contracts for cars, wagons, agricultural
implements and other manufactures arc
heavy at the west; structural contracts
there ara very numerous and at the
east large. with 10000 tons estimated
for New York building alone this year,
while plate and sheet contracts for the
season are unprecedented.
January was one OF the biggest
months in Connellsviile coke output,
G23.975 tons and furnace continued al
the same price. rim rose 10 fourteen
cents In spite of heavy shipments and
copper TO eleven cents or better for
lake In spite OF enormous American
production.
Wool sales at the chief cities were
only 5.SO3.2t0 pounds for the week and
1lG6i. 600 for two weeks, against. e25-
,i2l.G00 last year. Prices are still strong
in spite os the general indifferepce OF
manufacturers, who seem TO nave Sc
cured ample supplies. For the bette.
grades OF WOODEN goods an advance av-
eraNine l1.5 per cent from last year is
readily maintained. The opening OF
works Idle for years In spite Of the
heavy production already assured Is q
striking feature In this. as In the iron
and other industries and implies heav-
Ter demands for products than are now
met By the unprecedented output
Wheat has been strong. with spot ad-
vancing two cents and May two and
three fourth cents. though western re-
ccipts :lave been for two weeks 5.366.ilS
bushels. against 3.3lI,S last year. but
-htdiItic SStuI u tiN bSSh p,-'I''"'
bushels. flour included, against 4oe6,aa
intwo weeks last year. with Pacific ex-
ports large. Corn exports are also sur
prlsingly we'll sustained. i.16i.i62 bush
els against 7.Se3.S last yea: and the
price has advanced a trifle. 1t is yet TOO
early for prospects of q coming cropito
influence markets materially. and
heavy operations at Chicago, with re-
ported sales OF q million bushels for ex-
port on Thursday, have deferred spec
ulative selling.
Business shown by bank c!ea-ings Is
again larger than ever before, 81 per
cent largcr :aan last year for the week
and for the month 20 date. 4i.3 per cent
larger than last year and l6.0 per cent
larger than In 1892
Failures for the week have been e95 In
the United States against 2G7 last year
and forty-three In Canada against six
ty.ona las. year.