The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1896-12-11
DUN'S CIRCULAR.
Improvement Noticed in
All Lines of Business.
More Than 500 New Enterprises
Started-Confidenc Fully
Restored.

NEW YORK, Nov. 13.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say: No one doubts that bright
CT day is dawning, and it is the COM
mon remark that never before has
business shown so great change for
the better within single week. Dis
patches telling of about 500 establish
ments which have opened, with ma
terially enlarged forces, though they
fill many columns, give only part of
the facts, for throughout the country
the gain has been surprising, even to
the most hopeful 1t is not mere spec
ulation which lights the fires and starts
the wheels. Orders which have been
accommodating for months, with the
necessary replenishment of dealers
stocks now greatly reduced, would en-
ploy the whole producing force for
time, and the increase in the number
of hands at work means an increase in
purchases for consumption.
The foreign need of American wheat
continues an important factor, and
the price has advanced to So cents,
gaining cents for one week, 10 cents
for two weeks and "a cents since Sep
TENDER. The price is the highest since
June, 1892. Western receipts were
only 4,494, O33 bushels, against 8,202, 1854
last year. but the election cut off much
work during the days in which these
receipts were started to market. Elk
ports. in spite of scanty freight room,
were for two weeks 2,717 ,231 bushels,
-four included, against 3,260,3S4 last
year, and Pacific shipments are also
heavy to India, South Africa and Aus
tralia.
Many textile works have been start
ing or increasing their force, mostly
on orders booked weeks ago. But there
has not been much gain in the demand
as yet After purchases of $4,000, 900
pounds of wool in five weeks, the trans
actions fell to 6,243, 700 pounds last
week, but prices were strong and in
some grades 1 cent higher and even
greater advance is demanded at the
West, while foreign markets are high
er.
The output of iron furnaces in blast
November LIST was 124,077 tons week
ly, having been increased 1926 tons or
100 per cent in the latter part of Octo-
Der by confidence in the future. All
the markets were stronger, although
the enormous purchases of pig iron in
sRdvance of needs caused comparative
inactivity at present. Plates and steel
bars are 81 to SO per ton higher and
sheets in better demand. Anthracite
and Besemer pig have advanced a
shade and the average of prices is 21s
cents higher The billet pool is in pro-
al IN n
eide upon its course, and is still I'M
dersold The beam, bar rail and wire
nail associations meet this week and
the underselling of wire nails by out
siders has gone so far that decline
of As cents is openly quoted. 1t is note
worthy that the prevailing eXpecta-
tons, not withstanding the general i'm
provements in business, is that some
if not all, these combinations will de-
eide to reduce prices. The coke COM
bination, it now appears, has not pre-
vented large contracts for future de-
livery at less than 81, its fixed price
and even less than S1.75, but the output
last week decreased. A heavy sale OF
copper to foreigners, said to cover TO-
100000 pounds, has raised the price to
111s, and tin actually sells at 13 cents
though less is quoted.
Failures for the week have been 27f
in the United States, against 2S3 last
year, and 46 in Canada, against 40 last
year.
Bradstreet's tomorrow will say: The
volume of business improves steadily
in nearly all lines. The most active
demand is among jobbers in dry goods
clothing, millinery, sheets, leather and
hardware and in leading industrial
lines. nearly 200 mills, factories and
foundries having started up this week
one-half of them in steel, machinery
tools, carriages, lumber, glass, wooden
and cotton goods lines About SO 9th
er industrial establishments have in
creased working forces or working
hours, or both, among them 10 iron
and steel and glass works and four
factories, each making lamps, clocks
wooden goods and cotton. A partial
record of the number of men given
employment in industrial lines since
November 9Th shows an aggregate OF
nearly 10000.
The demand for iron and steel has
not increased after the activity of 6
week ago, but prices are firm-in some
instances advanced-and the trade
continues confident of large bushes:
during the coming year.
The exports of wheat, flour included
as wheat, from both coasts of theUnit
ed States and Montreal amount to f.,
664. SIS bushels this week, the heavies
weeks total since the second week Of
September. 1893. This is an increase
of about 100000 bushels over las
week. of more than 100000 bushels
over the corresponding week of veal
ago, more than 100000 as compared
with the like week in 1894, gain o.
about 100000 bushels as compared
with the corresponding week of 1898
and of more than 100000 bushels a:
contrasted with the like week in 1892
There have been 25S business fail
ures reported this week. 35 more thar
last week. but q fewer than in the cor
responding week one year ago; % few
er than in the like week two years ago
and 112 fewer than in the correspond
ing week of 1893 There are A bust
ness failures reported from the Do
minion of Canada this week, as com
pared with so last week, As in the weel
one year ago, SO two years ago anC
155 three years ago.