The record-union., 1897-11-07
Proof Of the Great Change in the
Condition Of Business.
Found in the Small Number Of Failures
During the Past Month.
Not in Four Years, Excepting In
July and August Last and One
Month in 1894, Has the Aggre-
gate of Losses Been Smaller
That in October.

NEW YORK. Nov. 5-R. G. Dun &
Cos weekly Review will say to-
morrow:
Stronger proof of the great change in
the condition of business could not be
given than is found in the detailed re-
port of failures by all branches Of bus
mess for the month Of October. Though
swelled by a few large speculative or
brokerage failures, The aggregate was
smaller than in any other month for
more than four years, except In july
and August and one month in 1891
The manufacturing and trading fall-
ures. 81 ,S23, 1870, against 81 ,S3O,Sll in
September and $7,760, ,o35 in August, in
clude one for 81 900, 900 having re-
lation to the present state Of business.
During the four weeks iron manu1ac-
turing failures have not been smaller
except in one month, wool nlanufaAuE-
ing except in two months, leather anu
shoes and unclassified manufacturing
except in four months, and common
manufacturing except in SIX mohths.
OF trading classes, failures have never
been smaller in groceries, jewelry anu
books except in one month, ciotnlhs
and furniture and unclassifled tradlhs
except in two months, and ten manu-
featuring and eleven trading classes
out of fourteen have never repofteo
smaller failures in third OF the past
forty-eight months.
improvements so general, with re-
markably low average in most Glasses
has a meaning which cannot De mis-
taken. The quiet following the great
rush of orders and purchases Tor over
two months is still Increased IN many
branches by unseasonably milo weath-
er and vet the mills are Obliged 10 re-
frse many orders because unable 10
finish previous engagements sooii
enough.
IT is in every way fortunate for the
industries and the buyers, since spec
,1lation would otherwise advance prices.
More works have joined the active
list including some long idle, and the
production in iron manufacture is the
preatest ever. known The output or
Mig again exceeds the demand, wnlch
naturally diminishes near the close or
the year. and prices yield slightly, but
the consumption is kept at the max
imum by pressure of orders, which the
works are not able to fill fast enough
50ho tons of finished products per day,
is behind. Eastern and Western orders
accumulate for railway material, Tor
cars and bars, for ship plates ana saruc-
tural forms.
Another rise in wheat lifted the price
above 81. but profit-taking speedily
caused reaction, and the price cioseo
2l.c lower for the week. Receipts were
r. l..w tt<afa q
year and Atlantic exports, flour IN
cluded, were 3,2S7 ,546 bushels, against
1,S62, ,533 last yeara-
Exports in October as in Septem-
ber, were heavier than in any preced-
ing month, and after gloomy reports
of the condition of winter wheat, extern
sive rains have caused material i'm
provement.
Failures for the week have been 2I6
in the United States against 80 last
year. and thirty in Canada, against
fifty-two last year.
NEW YORK, Nov. 5.-Bradstreet' s
Tomorrow viii say:
Killing frosts South and the raising
of the quarantine will be regarded as
the resumption of traffic, and prospec-
tive revival in demand for staple mer-
chandise constitute the trade features
of the week.
Rains in Central Western and West
ern States, followed by colder weather,
have favored farmers, and stimulated
demand from interior storekeepers
This has made a favorable effect at
Louisville, St. Louis and Kansas City
Jobbers in Northwestern States are
awaiting seasonable weather to stim-
ulate the heavy dry goods and winte
clothing.
Exports of wheat. -four included as
wheat, from both the United States and
from Montreal this week aggregate !,
5112lt bushels, compared with SOIL
391 bushels last week. 3412. 600 bush
els one year ago and 2,556. 900 bushels
two years ago. Exports of Indian corn
this week amount 10 2199. $50 bushels
compared with 1,509. 600 bushels last
week. 2291 900 bushels in the cores
ponding week one year ago and .255,
600 bushels two years ago.