The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-11-06
VERY FEW FAILURES REPORT
ED IN OCTOBER.
B9ADSTREET AND DUN ENCOURAGED
Killing Frost South, Raising Of Quarantine
Embargoes, Resumption of Traffic and
Revival in Demand for Staple Mer-
chandise Constitute the Features.

kllllng tr0StS S0utn, the raising Oh
quarantine embargoes at nearly all
States invaded by the yellow fever, the
resumption of traffic and prospective
revival in demand for staple merc.!an-
lise constitute the trade features of the
week Rains in Central Western and
Western States, followed by colder
weather, have favored farmers and slim
Hated demand from interior store-keep-
rs. This had a favorable effect at Lou
sville, St. Louis and Kansas City. job
bers in Northwestern States are await
ing seasonable weather to stimulate the
movement of heavy dry goods and win
ter clothing. Features at larger Pacific
coast cities are confined to sales of mer-
chandise and provisions for the kloa-
dixie and the heavy foreign shipments
of wheat and -four Larger Eastern
cities report no increased general mer-
chandise movement. New England cen
tres report that orders from the West
exceed those from the South or East.
Leading manufacturing industries con
tinue fairly well employed. While there
has been moderate reaction in iron
and steel, furnaces and mills continue
we'll employed, and the outlook for
higher quota tons next year is unchang-
ed In addition to lower prices for
Southern and Bessemer pig and for steel
billets. quotations for naval stores, woods,
copper. coffee. pork. flour, oats and
wheat are lower, while those for cot
ton print cloths, sugar and beef are
unchanged, and for Indian corn, lead
and lard a shade higher.
Exports of wheat flour included rs
wheat from both coasts of the United
States and from Montreal this week,
aggregate 5.575,21 bushels, compared
with 5,911.391 bushels last week, B.
472, 900 bushels one year ago, 2.566,00O
bushels two years ago, 2,6S9,00O bush
els three years ago and as contrasted
with 2,S13,O00 bushels in the CORES
ponding week of 1898. Exports of In
dian corn this week amount to 2.199, 800
bushels, compared with 1,5S9,00O bush
els last week, 2.247 900 bushels in the
corresponding week one year ago, l.
Do, 900 bushels two years ago, $1,000
bushels three years ago, and rs con-
trasted with S64, 100 bushels in the first
week of November, 1893.
There are 223 business failures re-
ported throughout the United States
this week. compared with 21S last
week, 223 in the week a year ago, 260
two years ago, 241 three years ago. and
as compared with 1913 in the first week
of November, 1898.
DUN 81 COMPANIES REVIEW.
Company's Weekly Review of Trade will
say tomorrow.
Strong proof of the great change in
the condition of business could not be
given than is found in the detailed re-
4 f.,.I -, a. g h,s
| for the month Of October. Though
swelled by few large speculative or
brokerage failures. the aggregate was
smaller than in any other month for
some years. except in July and August
and one month in 1894 The manufac-
turing and trading failures, 81 1913, 1899
against $7,S30.S11 IN September and 81
7G0S35 in August include one for ST..
100000, having no relation TO the pres
ent state of business. During the foul
years iron manufacturing failures have
not been smaller except in one month
wool manufacturing except in tive
months, leather and shoe and unclassif
ed manufacturing, except in foW
months and cotton manufacturing ex
cept in six months, of trading classes
failures have never been smaller in gro
ceries, jewelry and books except in one
month, in clothing, furniture and I'M
classified trading except in two months
and ten manufacturing and eleven trad
ing classes out of the fourteen each have
never reported smaller failures in {
third of the past forty-eight months
Improvement so general with a remarka
bly, low average of liabilities in mos
classes, has a meaning which cannot be-
mistaken.
The quiet following the great rush OF
orders and purchases for over two
months is still increased in many
branches by unseasonably mild wealth
ed and yet the mills are obliged to re
fuse many orders because unable tC
finish previous engagements soor
enough. 1t is in every way fortunate fol-
the industries and the would-be buyers
since speculative purchases would other
| wise advance prices so fast as to make
reaction probable. More work has poin-
ed the active list, including some long
idle, and the production in iron manufac.
ture is the greatest ever known. The
output of pig again exceeds the demand
which naturally diminishes the close OF
the year, and prices yield slightly, but
the consumption is kept at the maximum
by pressure of orders which the works
are notable to fill fast enough. The
Illinoise Steel Company, shipping 800
tons of finished products per day is be
hind. Eastern and Western orders ac
cumulate for railway materials, for cars
and bars, for ship plates and sturctura
forms.
Cotton manufacture is doubly hinder
ed by decline in cotton and by accumu
lation Of goods with slow distribution, 81
that print cloths have fallen to 2.31
cents, new low record, and staple
goods are sold at concessions, all aver
aging not per cent above lowest point
In woollen goods advance has been ar
rested by doubts about the future mar
ket for goods and cost Of wool, which
has advanced slightly in October
though heavy sales to take profits ar
reported, few at Boston covering 3,
100000 pounds this week. The mill