The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-05

NEW YORK. Dec, Ar. G. Dun &
Co.'S weekly review Of trade Tomorrow
viii say:
The classified failures for November
show n gratifying reduction compared
with October and are especially import
ant as showing that the peculiar disturb
uncr during the presidential campaign.
which swclled failures S3G,0OOOOO in Au-
gust and September. did n0t prevent
quick return TO 4 monthly aggregate
scarcely greater than that OF May. D.
faultcd liabilities In eleven months have
been Sl9S, 13S, i5g. against $l4S.jii.202 last
year, the increase being only Sli000,00)
outside Of those two months and this re-
naming increase OF only 10 per cent was
also In part due to the alarm during the
campaign. The decline OF failures 20
about 10 per cent Of the September ag-
EreeGtc gives stronger 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 possibility
that two others will he abandoned. Such
a state of things within a month after
the election suggest that these OrSani-
cations. formed when depressed business
failed to support all the works in exist
cncc, are not expected 10 survive gen.
cral revival of ample demands .nr pro-
duets. The immediate effect Of breaking
prices Is to check large buying Of Iron
and steel products. but il will soon be
seen about where prices are TO range.
The bar combine is still underSOld by
E-.a no nt I I Nd t-
Ing in rails because the meeting shortly
to be held will settle whether any price
shall be fixed for next year. Beszcmer
pig Mt Pittsburgh Is lower at Sll ca and
Grey forge at SO 90. but there IS large
demand for vessel plates. both on for
eIgn contracts ard for the lakes. Sew
eral thousand cars have been ordered
ana numerous rev buildings and
bridges.
Minor metals are shade stronger.
The coke combination has changed i.s
method so that contracts are openly
made below prices recently ruling. AMI
There liz some partition Of consumers
among the producing interests. An
thraci;e sells below the official circular.
but better demand Is expected with re-
vival IN manufacturing.
Woo! manufacture is waiting and
while more concerns are at work. the
new 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 l0i quotations by Coates
Bros, Is 1856 nEains; 1899 a month ago.
In the cotton manufacture there Is lit
lie change. though goods are selling bet
ter. but with many added works pro-
duction exceeds present demand.
The market FOR raw cotton Is weak
with m!ddInG uplands an eighth lower
with over 4.750, 900 bales in sight by De-
cember l, when the crop is usually about
half in sight. current estimates would
lsave only 3.50O,Oo0 more TO come for
ward IN nine months and the larger con-
sumption In mills does not advance
prices. Other produce markets have
been weaker.
Wheat rose 10 the close last week. but
gradually reacted and broke sharply on
Friday, closing 2&c lower for the week.
Storms have some influence. but re-
ccipts for the week were only 2,96i,S2l
bushels against 7,0lf,9l1 last year. At
lantIc exports were slightly smaller. flour
included. 1.99..iG7 bushels against 1885,
Og3 last year. but the sharp advance in
prices would naturally check shipments.
Milling returns at the four largest
western centers show decrease OF 2S,+9o
barrels for the week, and further de-
crease OF $3.50 barrels for the week. tho
further decrease Is expected Owing 10 Oh
minish!ng export demand OF -four.
Failures for the week have been $40 IN
the United States against 32i last year
and in Canada 50 against 81 last year.