Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-02-10
DUN'S REVIEW OF TRADE.

NEW YORK, February 9.-R. G.
Dun's Weekly Review of Trade will say
tomorrow:
The industries are still surprising in
actual output work of any previous
year. Their new business is not cor
respondingly large nor could such or
derS be accepted by most industries. if
offered, but enough are coming to pre-
vent stoppage OF works or much de-
cline in prices. In wooden goods new
business of remarkable volume sus-
tains a marked advance in prices, and
in other lines of Importance. as in
machinery orders, indicate a ~surpris-
ing foreign demand. Meanwhile,
though encouraged by the abundance
and ease Of money speculation does not
in any direction as yet go without a
stock far enough to 40 mischief. There
i smuch of the speculative spirit
abroad, but also more caution than is
usually shown after q year of excep-
tional prosperity. Perhaps the war IN
Africa, with its possibilities of daily
surprise, is in that respect productive
of good.
Cotton followed it's rise from s to
sac last week by a further rise to $50
cents, with growing belief that the
crop will prove short enough and the
consumption large enough to give
holders quite their own way. The de-
crease of receipts in January was 253,-
600 bales, or 20 per cent, but in De-
cemDer the decrease wa more than so
per cent. The exports in January were
smaller than last year by $40. 600 bales,
over 80 per cent, and Ellison's report
Of 566, coo bales in European mill stocks
January /, with visible stocks of Amer
lean cotton 1886, TSP bales February l.,
show that a good part of the year 5
needs Is already provided for. But it
is reasoned that if visible and invis-
ible stocks should be reduced below
1,S00, 600 bales at the end of the year,
as they were in 1897, prices would
range between Z and SA cents, as in
that year they did from February / to
September /, with a great crop CON-
ing. The manufacturers have already
been somewhat embarrassed by the
comparatively narrow demand since
prices of goods were materially adj
vanced, but the rise this week has
started further advance in some grades
and may ultimately lessen consump-
ton to some extent.
No change OF consequence yet ap-
pears in prices of wool, though the de-
mand from spinners is limited and il
is perceived that they had previously
supplied themselves quite fully for the
heavy weight season for which they
have taken very large orders. 1t is
thought by some that enforced sales or
foreign wool, which was withdrawn
from the London sale in January in
order to prevent a greater decline, map
hereafter affect this market.
The weekly output Of pig iron Feb
ruary first was PCS. OLA tons, but stocks
unsold rose 20, 800 tons in January, In
dicating a consumption slightly small
er than the output when the month
began. As the consuming works were
naturally stopped about the holidays
more than the furnaces, the figures
proye little. but Bessemer and grey
forge at Pittsburg have not changed
in price during the past week, and
slightly lower offers OF pig by South
ern and other new furnaces at Chicago
and Eastern markets have had little
effect. 1t is more significant that the
decline of prices for some weeks in
bars. plates and sheets has been check
ed. Large orders have been taken fol
these and other products, indicating
that the works in need Of business may
have obtained enough for a time.
Though prices Of hemlock sole have
been reduced &c and Of split and some
uppe feathers, the boot and shoe man
ufacturers are not yet inclined to bug