The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-06
Dun and Bradstreet's Present Their
Weekly Review.
MILLS REFUSE ORDERS
INABILITY TO FINISH PREVIOUS
ENGAGEMENTS.
Production In Iron Manufacture the
Greatest Ever Acknowledgements
of Failures Lsss In October Than
Recorded For That Month In Four
Years-Clearings' Statements.

New York, Nov. 5.-R. G. Dun &
Co.'S Weekly Review of Trade will say
tomorrow:
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 a few large spec
ulative or brokerage failures, the ag-
gregate was smaller than in any other
month for more than four years, ex-
cepting in July and August, and one
month in 1894
The manufacturing and trading
failures, $7,S23190, against $7,S30811 in
September and $7,76O835 in August, in
clude one for $1,000,0OO, having re-
lation to the present state of business.
During the four weeks, iron manufac-
turing failures have not been smaller,
except in one month, wool manufacture
ing except in two months, leather and
shoes and unclassified manufacturing
except in four months and cotton man
ufacturing except in six months. OF
trading classes, failures have never
been smaller in groceries, jeweIry and
books except in one month, clothing,
furniture and unclassified trading ex-
cept in two months, and ten manufac-
turing and eleven trading classes out
of IA each have never reported small
er failures in a third of the past As
months Improvements so general,
with a remarkably low average of liza
bilities in most classes, has a mean
rig which cannot be mistaken.
MILLS REFUSE ORDERS.
The quiet following the great rush of
orders and purchases for over two
| months is still increased in many
branches by unseasOnably mild
weather and yet the mills are obliged
to refuse many orders because unable
to finish previous engagements soon
enough. It is in every way fortunate
for the industries and the would-be
buyers, since speculation would other
wise advance prices so as to make re-
action improbable.
More works have Joined the active
list, including some long idle, and the
production in iron manufacture is the
greatest ever known. The output of
pig again exceeds the demand, which
naturally diminishes near the close of
the year, and prices yield slightly, but
the consumption is kept at the maxi
mum by pressure of orders, which the
works are not able to fill fast enough.
The Illinois Steel company Shipping
5000 tons of finished product per day,
is behind. Eastern and western orders
accumulate for railway material, for
cars and bars. for ship plates and
structural forms.
BREAD STAPLES.
Another rise in wheat lifted the price
above 81, but profit taking speedily
caused reaction. and the price closed
21Rc lower for the week. Receipts
were about a million bushels larger
than last year, and Atlantic exports,
| flour included, were 3,2S7,546 bushels
| against 1852, 533 bushels last year. Elk
ports in October, as in September
were heavier than in any preceding
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 ZIG
in the United States. against 23O last
year, and 80 in Canada against 81 last
year.