Griggs courier., 1897-11-12
OUTLOOK FOR BUSINESS.
The Decreased Loss by Failures
Considered Proof of a Change
for the Better.
the BEST RECORD FOR OVER four YEARS
Unscasona&ly Mild weather Ha. Aid
The Mills, However, Are Unable to
.. FiN All of the Orders Received
Failures for q Week.

New York. Nov. 6.-R. G. Dun & Co.,
in their weekly review of trade, say:
Stronger proof OF the great change in
the condition Of business could not be
given than Is found In the detailed report
Of failures by branches Of business for
the month Of October. Though swelled by
rev large speculative or brokerage fall
ures. the aggregate was smaller than In any
other month for more than four years, ex-
cept In July and August and one month in
1884. The manufacturing and trading fall
ures, $7.2s, l99. against $7.S0,al in Septem-
Der and 81. 7G0, ,S35 in August, include one 70:
$1.0Oo.0 900 having no relation to the present
state Of business. During the four years
iron manufacturing failures have not been
smaller except in one month: wool manu-
featuring. except in two months: leather
and shoes and unclassified manufacturing,
except in four months. and cotton manu-
featuring. except in six months. OF trad
ing classes. failures have never been
smaller in groceries. jewelry and books ex-
cept in one month: in clothing. furniture
months. and ten manufacturing and IL
trading classes out of IA each have
never reported smaller failures in a third
OF the past IS months. Improvement &C
general. with remarkably low average o;
liabilities in most. classes. has q; mean
ing which cannot be mistaken.
boom In Iron.
1.-THE quiet following the great rush OF
orders and purchases for over two months
is still increased in many branches by un-
seasonably mild weather.. and yet the mills
are obliged. to refuse many orders because
unable to finish previous engagements soon
enough. 1t is in every way fortunate for
the Industries and the, would-be buyers,
since speculative purchases would 9TH
erwise advance prices so az to make
reaction improbable. More works have
Joined the active list, including some
Tong idle. and the production in iron man
ufacture Is the greatest ever known. The
output OF pig again exceeds the demand.
which naturally dimfnishes near. the close
Of the year. and prices yield slightly, but
the consumption y kept at the maxim by
not able to fill fast enough. The Illinois
Steel company. shipping 5000 tons Of in-
ished products per day, isbehind.,
Dollar WheRf.
Another rise in wheat lifted the price
above 81. but profit taking speedily
caused reaction and the price closed 2h
cents hover for the week. Exports in Oc-
tober, as In September. were heavier than
in any preceding month. and after gloomy
reports Of the condition Of winter wheat
extensive rains have caused material inn
spite of the course Of wheat. and authori-
ties much credited estimate the yield at
l.S23. 900 bushels. which would hardly
permit the continuance of heavy exports
In place of wheat through the year. Cot
ton has not lifted above cents. and the
accumulation and declining prices of goods,
with the somewhat increased prospect Of
less speculation than usual.
Failures for the week have been PIG in
the United States. against2 go last year, and
80 in Canada. against So last year"