Omaha daily bee., 1896-12-05
FAILURES FEW In NOVEMBER
High Aggregate for the Year Incidental to
Election Disturbances,
OF TRUSTS IS NOTICEABLE
Thousands of Cnrs ordered and New
buildings and Bridges Com
trncted For-WooI Mnnufnc-
turing is Waiting.

NEW YORK, Dec. i.-R. G.. Dun & Co. 8
Weekly Review of Trade tomorrow viii say.
The classified failures for November show
a gratifying reduction compared with Oc-
tober and are especially important as show
ing taat the peculiar disturbance during the
presidential campaign, which swclled fail
ures $36,Oy0OCO in August and September,
did not prevent quick return to a monthly
aggregate scarcely greater than that of
May. Defaulted liabilities in eleven months
have been $l5S, I3S,i59 against $liS544 2O2 last
year, the increase being only $liOOOOOO out
side of those two months and this remaining
increase of only 10 per cent was also due in
part to the alarm during the campaign The
decline of failures to about 30 per cent OF
the September aggregate gives stronger
ground for the confidence so generally eX-
pressed.
Ground for confidence is also found in the
abandonment of two of the largest combna-
uons, by which the iron industry has been
tardcd, and the possibility that two others will
month after election suggests that these otgani-
cations formed when Impressed business failed
to support all the works in existence, are not
expected to survive general revival of ample
demands for products The Immediate effect of
breaking prices is to check large buying OF iron
and steel products, but 1t will soon be seen
bination is sim undersod 10y steel bars at IL
the meeting shortly to be held will settle whether
any price shall be fixed for next year. Bessemer
at Pittsburg is lower mt Sll.Gj, and gray forge
by ST. but there is large demand for vessel
plates, both ON foreign contracts and for the
lakes. Several thousand cars have been ordered
and numerous new buildings and bridges are in
course of construction. Minor metals are "A shade
stronger. The coke combination has changed its
methods, that contracts are openly made be-
low prices recently ruling. and there is some
partition Of consumers among the producing
interests. Anthracite sells below the official
price but better demand Is expected with
revival in manufacturing.
Wool manufacturing is waiting, and, while
more concerns are at work, the new demand
improves but little with more favorable weather.
Speculative sales oi wool continue lage, G<ndon
of lOi quotations by Coates Bros. is 1896 cents,
against l2.g2 month ago
In the cotton manufacture there is little
change, though goods are selling better, but
with many added works production exceeds the
present demand. The market for raw cotton is
weak. with middling uplands onc-eighth Of l cent
lower. and the larger consumption in mills does
not advance prices. Other produce markets have
been weaker.
Wheat rose toward the close Of last week, but
gradually reacted, and broke sharply on Fri
day, closing 2lsc lower for the week. storms have
had some influence but receipts for the week
We're only 2y6i, ,S2l bu., against GOliyll bu. last
year Atlantic exports slightly smaller,
flour included 1872 i67 bu.. against 1926. 092 bu.
last year. but the sharp advance in prices would
naturally check shipments. Milling returns at
Of 2S 800 bbs. for the week, and further de-
crease is expected, owing to diminishing export
demand FOR flour.
Failures for the week have been 37g in the
United States against S24 last year, and in
Canada So, against 80 last year.