The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-02-03
BUSINESS
ALREADY
CONTRACTED
For with Large Deliveries on or
tracts Entered Into Last
Year. III
PRICES OF IRON AND STEEL
Firmly Held, Though the 1aGIFkst Is
Tied Up By Contracts ne
viously Made.

NEW YORK, Feb. 2.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say: bf
This year starts with much Of the
years business already done, and all
comparisons will prove misleading II
that fact is not taken mo account.
last year the certainty Of great inn
movement had come bhfore the year
opened. and there was 4 rush to get in
orders before works became crowded
ana prices advanced. This year, the
works were already crowded for months
ahead in most lines, and prices had al
ready, advanced 50 far that recoil had
already commenced In some branches
and was thought probable in otherl.
with the one exception Of wooden nian-
utacture, the chief industries have met
less new business in January than last
year, though deliveries on previous
contracts have been larger than a year.
ago. In work turned out the past
month probably surpasses all others,
and rightly considered, the fact that
new contracts for works already we'll
supplied arn smaller than last year. is
not Of itself dIscouraging. The great
burst Of speculation last year s|elled
January payments through clearing
houses far beyond those Of this year, at
New York. ard such payment ut other
cities also averaged per business day u
shade larger than this year. But q
much greater decrease must have app
peared In transactions connected with
formation OF new companies.
Grain Market.
Wheat rose 1c, but soon reacted. At
lantic exports only 1,4ss,5ss bushels,
-four included for the week, against
1912, 4SS last year. had more influence
than the decrease in western receipts
which Have been for the week - per
cent, and for 1--WE weeks, 40 per cent,
less than last year. while tho decrease
in Atlantic exports for I'VE weeks has
been 81 per cent. Pacific exports have
been 4,2Os,sSO bushels in five weeks,
against 3,s7O,S52 last year. The price Of
corn is fairly steady with exports for
the week much smalle: than last year,
but in ave weeks, 1611s,s29 bushelB
against 1s.5ss,514 last year Tho west
ern receipts decrease much more than
the exports.
Speculation In cotton has raised the
price to sK cents without Improvement
In demand. The receipts from plunta-
tions still fall so far behind last years
that low estimates Of yield are aided.
Wool Is rather weaker in some grades,
but stronger in others. SO that the
average OF quotations Is steady. not
withstanding some sales at concession,
me mills have taken extraordinary
orders for the heavy weight season
without afterward looking for wool OBJ
viously have on hand large stocks. so
that the market depends upon the suf-
ficieney Of the supplies they hold.
Prices Of goods are still rising u little
but are yet relatively lower than the
material.
Passed All Records.
Boot aAd shoe manufacturers have
passed al! records in deliveries nearly
20 per cent beyond those Of January
last year. but new orders have been
greatly restricted. Recent sales of
hemlock sole and of rough leather show
a decline of ls91c, however while hides
at Chicago continue their gradual de-
cline.
The iron and steel industry is so far
tied up by contracts reaching through
most Of the year that the effect OF pro-
ductIon exceeding consumption is felt
only in some branches. A little lower
prices have been made for foundry iron
in considerable transactions, though
Bessemer does not yield. but steel bill
lets are offered by some at $33 per ton.
Differences between producers and
some OF the largest consumers of steel
block the market. In plates and bars
concessions are stlll made to secure
business. In sheets the demand is
stronger and in rails. structural forms
tin plates and nails prices are held
frmly
Failures for the week have been 2ss
in the Unltad States against "a last
year, and 81 IN Canada against % last