The herald., 1897-12-04


3. blk 30. Huber trt................... 1000
Seven mortgages under $1O00.......... $3.50
Total ........................... ....sle 800
Dun & Co.'s Review
NEW YORK, Dec. s.-R. G. Dun Cos
weekly review Of trade will say tomorrow:
The monthly report of failures shows
defaulted liabilities of 81, $40 125 in Novem-
ber. against $12, 100, 1856 last year. Because
OF three large failures for 81, ,250,0OO not due
to present conditions, the aggregate in
November was only 81, 100 COO less than last
year, and except for these would have been
smaller than in August September or Oc-
tober. The decrease in nearly all branches
OF business shows that payments have
been remarkably good and defaults unusu-
ally small Other evidences of the state
OF business are convincing. except In spec
ulative lines. Wages have been voluntarily
advanced for nearly 10000 workmen in
woolens and iron. Stocks are somewhat
stronger. having advanced $147 for rail-
ways and $1.57 for trusts. The true value
OF American railway stocks Is advancing
steadily with earnings, which for Novem-
ber thus far are 20.9 per cent larger than
last year, and 3.7 per cent in the same
weeks of 1892. l
1t is the season for waiting In most in-
dustrles. but at least one other furnace
OF Bessemer at Pittsburg. after purchases
of 10000 tons. is $1015 per ton, with 1926 for
grey forge. Eastern holders are sometimes
Impatient. and yet sure that January will
bring large demand and meanwhile the
award Of ship plate contracts to eastern
firms gives them important help, though
the demand for bars Is slow at the east
and at Pittsburg, but is really strong at
Chicago, for agricultural and railway sup
plies.
Structural orders are seasonably In abey-
ance, but contracts for pipe for London
elicit sharp bidding at Pittsburg. The
voluntary advance of 20 per cent in wages
Of worsted workers at Providerle, re-
storing the rates OF 1893 Is evidence OF the
much hesitation in other branches. which
may be justified, this important depart
ment of the woolen industry puts itself al
the 'front.' virtually declaring its ability
to face any foreign competition. The pur-
chases of Australian wool at Boston have
again been large. 2,S45.Oo0 pounds out of
I6,17O700 pounds of all at the three chief
markets. against s.S21. 300 pounds for the
same week last year. But other markets
are extremely quiet. and Boston is doing
the selling at prices not named.
The wheat market has deceived every
body, dropping In the face of an enormous
foreign demand. Just when some advance
might reasonably have been anticipated.
The western receipts of 6,SS2 425 bushels,
against 1854, ,G1O last year for the, week,
and for five weeks SO 964. .529 bushels. against
2o,S71. 456 last year for the same weeks are
more impressive In the market than the
Atlantic exports. which have been 4,1S7. .672
bushels. flour included. for the week,
against 2.079. .457 last year. and for five weeks
176l741 bushels, against 9S17.153 for the
same weeks last year. But in the long run
the outward NJ n
though the surprisingly large increase at
the west indicates considerably larger
yield than has been anticipated.
Failures for the week have been 30S in the
United States. against $40 last year, and 2S
in Canada, against IS last year.
Bradstrect's Review
NEW YORK. Dec. 3.-Bradstreet's to-
morrow will say .. .,sss.
General trade throughout the week has
presented more. animation, owing to colder
weather and the approaching holidays.
While clothing. dry goods hats, shoes
and notions hardware and fancy groceries
have been In little better demand from
jobbers and retailers in the region tributary
to Chicago, st. Louis, Omaha, st. Joseph.
st. Paul and Kansas City, the tendency
Of business has been to slacken. This is
noticeable in iron and STEEL and a further
depression in cotton goods. print cloths
having made new record in price.
On the Pacific coast the feature of busi-
ness is a we'll maintained export business
from nearly all ports. The lower price for
print cloths is followed by sharp reac-
tion, in which there is a lower price for
Indian corn. Oats are slightly higher, and
coffee has advanced, in addition to which
there remains long list of the staples,
prices of which are unchanged.
The domestic grain business begins to
look with equanimity upon the unprece-
dentedly large quantities of wheat export
ed from both coasts week after week, the
continuance of which is evidence of ap-
preciatiop of the relation of supply to de-
mand by the grain trade abroad.
The total exports of wheat (flour includ-
ed as wheat) from both coasts of the United
States and from Montreal this week ag-
gregate 6,699.960 bushels, 100000 bushels
larger than last week and within 275,Oo0
bushels Of the largest weeks exports on
record They compare with total exports
in this week last year .pf. 1898, 900 bushels,
and Of 3,1G5G 600 bushels, in 1885,, eaf
Corn exports show heavy gain over last
week, aggregat ting 4,SS5, ,S06 bushels, against
2,S69 900 bushels last week, and 1.75S, 900 last
year.
Exports of other cereals. such as oats,
rye. barley and buckwheat, have also been
very large. and the total value Of our ce-
real exports during the past week promises
to be fully 50, ,OOO0
There are $50 business failures reported
throughout the United States this week,
compared with 23S last week, 359 in the
first week in December, 1895, and 315 in
1896.
| There are 81 business failures reported
throughout the Canadian dominion this
week, compared With 35 last week, AZ in
the week one year ago, and 80 in the week
two years ago.
FINANCIAL REVIEW
Bradstreet's financial review will say:
A much more active and at times de-
cidedly strong speculation has been seen
this week. The market has been appar-
emily under bull leadership of a powerful
character, and while the outstanding short
interest was forced to cover, a considera-
BILE volume of fresh outside buying was
attracted by the movement Though COM
mission houses were more prominent in the
transactions than for some time past, the
general opinion Of the street credited the
report to leading operators, who found
that stocks had passed into strong hands
and did not come out under manipulattve
pressure, there being at the same time a
considerable short interest in some por-
tions OF the list. Circumstances also fa-
vored bullish demonstration at this time,
the belief that the presidents message
would take grounds as to both Cuba and
the currency satisfactory to financial and
business interests being q factor Of con-
siderable Importance. The generally good
character of railroad earnings reports.
and the exceptionally gratifying showings
made by certain companies for October.
notably by the Pennsylvania, has also been