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

NEW YORK, Dec. 4,--R G. Dun &
Co.'S weekly review of trade tomorrow
VIII say:
The classified failures for November
chow gratifying reduction compared
with October and are especially import
ant as showing that the peculiar disturb
anCr during the presidential campaign.
which swcllcd failures S3G0O0,OOO in Au-
gust and September, did not prevent
quick return to monthly aggregate
scarcely greater than that Of May. d.
faUltCd liabilities In eleven months have
been Sl9S,73S,i59. against $l4S,jii,@O2 last
year, the increase being only Sl4,0OO,OOO
outside of those two months and this re-
naming lncreaac OF only 10 per cent was
also In part due to the alarm during the
campaign. The decline Of failures 10
about 20 per cent OF the September az
EreEatc gives stronger ground for the
confidence 80 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 be abandoned. Such
Il state of things within month after
the election suggest that these OrSani-
cations, formed when depressed business
failed to support all the works in exist
cnce, are no: expected 10 survive gen.
eral revival OF ample demands ear pro-
ducts. 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 10 range.
The bar combine Is still underSnld by
steel bars at IL cent and nothing Is do
ing In rails because the meeting shortly
To be held will settle whether any price
shall BE- fixed for next year. BeSsemer
pig at Pittsburgh IS lower al sll ca and
Grey forge at SO 90. but there Is large
demand for vessel plates. both on for
eiCn contracts and for the lakes. Sew
eral thousand cars have been ordered
and numerous new buildings and
bridges.
Minor metals are n shade stronger.
The coke combination mas changed i.s
method so that contracts are openly
made below prices recently ruling. AMI
there is some partition OF consumers
among the producing interests. An
thracite sells below the official circular.
but better demand IS expected with re-
viyal in manufacturing.
Wool manufacture is waiting and
while more concerns are at work. N"
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 lOi quotations by Coates
Bros, is 1856 against l2.9@ month ago.
In the cotton manufacture there Is lit
tie change. though goods are selling bet
ter. but with many added works pro-
ductIun exceeds present demand.
The market FOR raw cotton Is weak
with mIddlinE uplands an eighth lower
with over 1850. 900 bales in sight by De-
cember l. when the crop Is usually about
half in sight current estimates would
leave only 3,5O0,000 more 10 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 TO the close last week, but
gradually reacted and broke sharply on
Friday, closing exc lower for the week.
Storms have some influence, but re-
ceipts for the week We're only e.96i.S2l
bushels against 7.01i9i1 last year. At
lant!c exports were slightly smaller. Hour
included, 1899, i67 bushels against 2.S2b.-
O92 last year, but the sharp advance IN
prices would naturally check shipments.
Milling returns at the four largest
western centers show decrease o. -e'4'o
barrels for the week. and further de-
crease Of sS. $50 barrels for the week. the
further decrease iS expected owing 10 Gi-
minishing export demand Of -four.
Failures for the week have been "a? IN
the United States against 81 last year
and In Canada j5 against o. last year.