The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-12-04

Comparison of NUvember's Failures
With Those OF November Last Year and
1s92-Decrease 10 Failures in Almost
NIL Branches OF Business-Iron Trades
Encouraging Outlook-voiuntary Ad-
vances in Wages of Wool Mil HANDS,
Wheat Markers Queer Drop.
New York. Dec. 3.-R. G. Dun & Co.'S
Weekly Review Of Trade, in its issue to-
morrow, will say:
The monthly report of failures shows
defaulted liabilities OF 81, 6lo,125 in No
vember, against So, 200. $50 last year. Be-
cause Of three large failures for s.. $50. 900
not due 10 present conditions, the aggre-
gate in November was only s1,100. 900
less than last year, and, except for this,
would have been smaller than IN Au-
gust, September or October. The de-
crease in nearly all branches Of business.
shows that payments have been remark
ably good and defaults unusually small
Other evidences Of the state of business
are convincing, except in speculative
lines. Wages have been voluntarily ad-
vanced for nearly $4,000 workers in wool
ems and iron. Stocks are somewhat
stronger, having advanced s1.47 for rail-
ways and s1.57 for trusts. The true value
of American railway stocks is steadily
rising with earnings, which for Novem-
Der thus far are 209 per cent larger than
last year and 81 per cent higher than in
the same weeks Of 1892.
1t is the season for waiting in most
industries, but at least one furnace has
gone into blast, and the lowest price of
Bessemer al Pittsburg. after purchases
of $4,000 tons, is s1o.15 per ton, with 1925
for Grey Forge. Eastern holders are
sometimes impatient, and yet sure that
January will bring large demand, and
meanwhile the award OF ship plate con-
tracts to large 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 agri-
cultural and railway supplies. Structur-
al orders are seasonably in allegiance, but
contracts for pipe for London elicit sharp
bidding al Pittsburg.
The voluntary advance of 20 per cent
in wages of worsted workers at Provi-
dence, restoring the rates of 1898, is evil
dence of the prosperity of that manu-
facture. After much hesitation In other
branches, which may be justified, this
important department OF the WOODEN in
dustry puts itself at the front, virtually
declaring its ability to face any foreign
competition.
The purchases Of Australian wool at
Boston have again been large, 3,4S5, 900
pounds out OF $780, pounds of all wool
at the three chief markets. against $751;
300 pounds for the same week last year.
But other markets are extremely quiet
and Boston is doing the selling at prices
not named.
No gain appears in the cotton manu-
facture, and the low price of cotton still
binders the buying Of goods Lower
prices than have ever been known are
quoted for print cloths, and also for
some grades Of prints, and the average
of cotton goods is remarkably lower
The wheat market has deceived every
body, dropping in the face of an enor-
nous foreign demand, just when some
pected.
The western receipts. $3.50, 425 bushels,
against 2,964,621 bushels last year, for
the week, and for five weeks 33 ,s62, 529
bushels, against POSI-. 45S bushels last
year 20 rthe same weeks, are just now
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 bushels last year, and
for five weeks 17,s17,4T bushels, against
9,S17, 153 bushels last year: But in the
long run the outward movement will af-
feet prices, although the surprisingly
large increase a. the west indicates a
considerably greater yield than mas been
anticipated. The enormous receipts of
cotton from plantations, exceeding those
to date from the great crop of about TO-
00o,0 900 bales of 1884, tend to check all
speculation, although both foreign and
domestic demands for spinners have
been materially restricted.
Failures for the week have been 3cS in
the United States, against 979 last year,
and IS IN Canada, against SO last year.
BRADsTREET's
New York. Dec. 3.-Bradstreet's to-
morrow will say:
General trade throughout the country
has presented rather more animation,
owing TO colder weather and the ap-
proaching holidays.
While clothing, dry goods, hats. shoes
and notions, hardware ana fancy grocer
les have been in a little better demand
both from jobbers and at retail in the re-
gion tributary TO Chicago. ST Louis, St.
Joseph, Omaha, St Paul and Kansas
city, the tendency OF business has been
TO siacken. This IS noticeable in iron
and steel, and in a fruther depression in
cotton goods. print cloths having made
a new ~ record in price.
On the Pacific coast the feature Of
business is a well maintained expor:
movement from nearly all ports The
lower price for print cloths IS followed
by sharp reaction in wheat and a low
er price for Indian corn. Cats are
slightly higher. and coffee has advanced
in addition to which there remains a long
list Of the staples prices OF which are M
changed.
The domestic grain trade continues TO
look with equanGni;y on the unprece-
dentedly iarge quantities OF wheat ex-
ported from both coasts week after week.
the continuation OF which Is an evidence
or an appreciation OF the relation Of sup
ply 20 demand by the grain trade abroad.
The total exports Of wheat tfour in
Guided as wheatD from both coasts OF the
United States and from Montreal this