The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-01-16
DUN & co.'s TRADE REVIEW.

Dun a. 1o- Al IKE
New York. January 12.-R. C. Dun
& Co.'S Weekly Review of Trade viii
say in tomorrow's issue:
The cuisines OF the new year begins
we'll, though there Is still much OF the
usual hesitation. In branches where
last years business was extraordinary
and prices have risen greatly. some
pause is natural, though nothing indi-
Gates decrease of consuming disposition
or purchasing power, but there il a
continuing rise in wages To promote
increase. Monetary conditions have
grown easier with the return Of $1,000
900 from the interior during the week
and further deposits by the treasury.
and more liquidation in some specula-
tive stocks has also helped. Banks re-
port an increase in their per cent. Of
commercial loans N rates We're gen.
orally more easy after the decline an
nounced by European banks.
The on blast January lst
were producing weekly 294. lS6 tons of
pig iron. against 296, 959 December 1st.
but as several had stopped only
for the holidays and others had started,
The output o is probably larger than
at either date. 1t exceeds consumption
at least, as The Iron Age shows an In
crease of 1886 ton in unsold stocks,
but the manufacture apparently CEN
summed during the year Ia. S31 ,626 tons.
less small net Exports in December1
The increase since 1892 is about 1926. {
600 tons, OF 46.5 per cent, Prices change
scarcely any, nor IS new business ssgni-
ficant.
The minor metals are strong in tone.
but as yet without much change IN
prices.
Textile manufactures are more fully
employed than for a long time. though
scarcity OF water has troubled some
cotton mills. Trading is embarrassed
by uncertainty about prices. Wool Il
not active, nor are spectators or man.
ufacturers in haste to buy at current
prices. though the market shows some
advances for the next eason with ex-
cellent trade thus far. The effect upon
the seasons sales cannot yet be judged.
Cotton goods have been quiet and no
longer a in price, as the market
for the material is uncertain in tone.
The boot n shoe manufactures ha4
a similar difficulty, for while Shipment.
are heavier than ever before at thu
season-in two weeks 1885 cas4e.
against 14s, ia last yea and Ill .751/fn
1S9S-as the rapid distribution to 4on-
sumers causes some urgent calls) for
goods previously ordered, yet dehiers
are slow to order more In the fear THAI
prices Will not hold. Manufacturers
lnSlSt that StHl 1ufther are
needed, TO cover the cost OF Gather.
The Chicago market for hides IS weak
er with a lower average than at any
time since November LIST.
Cotton moves SO slowly that belief IN
a very short crop LIZ constantly
strengthened, but foreign demands are
much reduced also. On January 9Th.
only 5000. O31 bales had conf into sighI
against S,001. 916 last year. Out exports
had decreased 1.725.000 bales and Eu-
ropean stocks were far below LAST
years. For the present foreigners r
using up old stocks instead oftbuyins
more. and the price hesitates.
Wheat has been slow TO moy< also.
Atlantic exports IN two weeks hyiuH
been only 4.37s,514 bushels, -four in -
ed, against 9.452 los last year and
cific 1.132, 993, against 1.524.o51 last
The prices Closes a fraction high
Corn receipts have also faIisaG below
last years, though h expoetg IN two
weeks have been 1881. st8 bushels
against 1881 last year and rio
have advanced about haifa cent.
Failures for the week have been III
in the United States. against BIS lase
year and % in Canada. against "a Iass
year.