The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-12-10
DIN g. CO.'S REVIEW.

New York, Dec. 4.-R. G. Dun &
Co.'S Weekly Review of Trade tomorrow
will say:
The classified failures for November
show gratifying reductions compared
with October and are especially import
ant as showing that the peculiar dis
turbance during the presidential cam
paign, which swelled failures $36, 100000
in August and September and did not
prevent a quick return to monthly ag-
gregatc scarcely greater than that of
May. Defaulted liabilities in eleven
months have been $19S, 73S459 against
$14S, 544 ,202 last year, the increase being
only $14,000000 outside of those two
months and this remaining increase of
only 10 per cent was also, in part, due
to the alarm during the campaign. The
decline of failures to about 40 per cent
of the September aggregate gives strong
err ground for the confidence so generally
expressed. Ground for confidence is also
found in the abandonment of two of the
largest combinations by which the iron
industry has been retarded and the pos
sibilty that two others will be aban-
doned. Such a state of things within n
month after the election suggest that
these organizations, formed when de-
pressed business failed to support all the
works in existence, are not expected to
mands for products. The immediate eff
feet of breaking prices is to check large
using of iron and steel products, but it
will soon be seen about where prices are
to range. The bar combination is still
undersold by steels bars at S1.05 and
nothing is doing in rails because the
meeting shortly to be held will settle
whether any price shall be fixed for
the next years. Bessemer at Pittsburg
is lower, at $11.65, and gray forge at
$40, but there is large demand for YES
sci plates for foreign contracts. Several
| thousand cars have been ordered and n
| number of new buildings and bridges.
The combination has changed its
methods so that contracts are openly
made below prices recently ruling, and
there is some partition of consumers
among the producing interests. Anthra-
cite sells below the official circular, but
better demand is expected with a revival
of business.
Wool manufacturers are waiting, and
while more concerns are at work, the
| demand improves but little with more
| favorable weather.
Speculative sales of wool continue
| large, London prices having risen 10 per
| cent, and the average of 104 quotations
| by Coates Bros. is 1913 per cent. In
the cotton manufacturers there is little
| change, though goods are selling better,
but with many added works, production
exceeding demand.
| Cotton is quiet with midding uplands
| 1-Sc lower, with oyer 4,750,000 bales in
sight by December l, when the crop is
usually about half in sight Current es-
Inmates would leave only 100000 more
to come forward in nine months, and the
larger consumption in mills does not adj
vance prices.
| Other product markets have been
weaker. Wheat rose, but gradually re,
acted and broke sharply on Friday clos.
ing . lie lower for the week. Storms
have some influence, but receipts for the
week were only 2.296S21 bushels against
7.014,911 bushels last year. Atlantic ex.
ports were slightly smaller, flour includ
ed, 1892, 46I bushels against 2,326.09G
bushels last year, but the sharp advance
in prices would naturally check ship
ments. Milling returns at the four arg
est western centers show decrease Of
'2S,490 barrels for the week, with Q