The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-10
StsAt
Dun COM
WEE REVIEW |'l.:
Industries Still ssurpa ssing Previous
ears Output.
NEW BUSINESS NOT so LARGE q. !:
Nor Could Orders De Accepted tf or
fcrcd, But Enough are Coming 10
Prevent stoppaSe OF Work or
Decline In Prices.
NEW BUSINESS NOT so LARGE.

NEW YORK, Feb. e.-R. G. Dun and
company.s weekly review OF trade will
say tomorrow:
The industries are still surprising in
actual output the work Of any previous
year Their new business is not CORES
pondingly large. nor could such orders
be accepted by most industries. IL offered.
but enough are coming to prevent the
stoppage Of works or much decline in
prices.
In woollen goods new business of re-
markable volume sussairis a marked adj
vance in prices, and in other lines of
importance, as in machinery, orders indi-
cate surprising foreign demand Mean
dance and ease of money, speculation does
not in any direction as yet so without a
check far enough to do mischief.
Enere is much of the speculative spir-
1t abroad. but also more caution tnan
is usually shown after d year OF keep
t1onal prosperity. Perhaps the war in
Africa, with its possibilities of daily sur
prise, is in that respect productive OF
good.
RISE IN COTTON.
Cotton followed its rise from to s Ia
cents last week by a further rise to SIS
cents, with growing belief that the crop
will prove short enough and the con-
sumption large enough to give holders
quite their own way. The decrease of
receipts in January was 253,GiO bales. or
20 per cent, but in December the decrease
was more than so per cent. Tie exports
in January were smaller than last year
by $4,000 bales, over 30 per cent. and
Ellsions report of $4,000 bales in Euro
pean mill statistics Jan. 1s:. with visible
stocks OF American cotton, 3,SS5 bales F'ac-s
ruarys LIST, shows that good part of the
years needs IS already provided for. But
It is reasoned that II visible and invisible
stocks should be reduced below 1SGN Oo1
bales, at the end of the year, as they
were in 1897. prices would range from
and 8 IA cents, as In that year they did
from February 1st to September 1st, with
great crop coming. The manufacturers
here have already been somewhat ern-
tbarrassed by the comparatively narrow
demand since prices of goods were ma ate
rally advanced. but the rise this week
has started further advance in some
grades. and may ultimately lessen con-
sumption to some extent.
PRICE CF WOOL.
No change of consequence yet appears
in prices of wool. though the demand
from spinners is limited and 1t is per-
Ce-FEeO tidL tHey ilstti prev SC.tp.leu
themselves quite fully for the heavy
weight season for which they have taken
very large orders. It is thought by some
/ that enforced sales of foreign wool, which
! was Withdrawn from the London sale in
January In order to prevent a greater
decline, may hereafter affect this market.
The weekly output of pig iron FEB
ruary 1st was 29S. Ola tons, but stocks I'M
sold rose $50 tons in January, indcat-
ing a consumption Slightly smaller than
the output when the month began AS
the consuming works were naturally
stopped about the holidays more than
the furnaces. the figures prove little. but
Bessemer and Gray Forge at Pttsburg
have not changed In price during the
past week. and slightly lower offers OF
pig iron by southern and other new
furnaces at Chicago and eastern markets
have had little effect.
LARGE ORDERS TAKEN.
It is more significant that the decline
of prices for some weeks in bars, plates
and sheets has been checked Large or
ders have heen taken for these and other
products, indicating tfat the works in
need OF business may have obtained
enough for a time.
Though prices of 17emlock sole have
been reduced 4 cent. and of split and
some upper feathers, the boot and shoe
manufacturers are not yet inclined to
buy largely, as they are getting out but
a small part OF the contracts they need
at this season. .SJoobers still hold back
as far as they can. and the slow yielding
in hides at Chicago increases expectation
that leather may further decline. But
though buying is very small, the works
are producing and delivering more than
ever before. Last year the deliveries
from Boston were - per cent. larger than
in $780, but this year, thus far, they have
been 10 per cent. larger than last year.
Failures for the week; 245 In the United
states against III last year, and SO in
Canada against So last year.