The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-04

NEW YORK, Dec. S,-R. G. Dun g
Co.'s weekly review OF trade in Its is-
sue tomorrow, will say;
The monthly report OF failures shows
defaulted liabilities of sll,6lO, 1876 in Mo-
vember against sl9,7OOS5 last year. Be-
cause OF three large failures for $780,
900, not due to present conditions, the
aggregate In November was only ST.
100000 less than last year, and except
for these would have been smaller than
in August, September or October The
decrease In nearly all branches of busl-
ness shows that payments have been re-
markably good and defaults unusually
small. Other evidences OF the state OF
business are convincing, except in
speculative lines. Wages have been
voluntarily advanced for nearly 10000
workers in'woolens and iron.
Stocks are somewhat stronger, hav-
ing advanced 81 AZ for railways and
81 81 for trusts. The true value of
American railway stocks is steadily
rising with earnings, which, for Mo-
vember thus far are 209 per cent lar
ger than last year and 81 per cent lar
ger than the same weeks OF 1892.
1t Is the season for waiting In most
industries, but at least one other fur
mace has gone into blast and the lowest
prices Of Bessemer at Pittsburgh, after
purchases Of 10000 tons, is $40 15 per
ton, with 80 % for grey forge Eastern
holders are sometimes impatient and
yet sure that January will bring a
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 Pittsburgh, but 10 really strong at
Chicago for agricultural and railway
supplies. Structural orders are season
ably in allegiance, but contracts for
pipe for London elicit sharp bidding at
Pittsburgh. The voluntary advance oe
20 per cent In the wages of the worsted
workers at Providence, restoring the
rates OF 1893, is evidence of the prosper
ity OF that manufacture. After much
hesitation In order branches, which may
be Justified, this important department
of the woolen industry puts Itself at the
front, virtually declaring its ability to
face any foreign competition. The pur-
chases of Australian wool at Boston.
have been large, 2,43500N pounds, out OF
6l70,7OO pounds OF all wool at the three
chief markets, against S,S2l, 800 pounds
for the same week last year. But other
markets are extremely quiet, and Bos-
ton is doing the selling at prices not
named.
No gain appears In the cotton manu-
facture and the low price of cotton still
hinders 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 low.
The wheat market has deceived ev-
erybody. dropping in the face OF an
enormous foreign demand Just when
some advance might reasonably have
been anticipated. The western receipts,
GSS2, ,4ej bushels, against 2,96i,62t last
year, for the week and for five weeks.
33.96g,529 bushels, against 2OS7l4b6 last
year, for the same weeks, are Just now
more impressive In the market than
the Atlantic exports, which have been
-four included, 41S7672 bushels for the
week, against 2O75,445 last year and for
five weeks, 17Gl7,41 bushels, against
9,Sl7,15S for the same weeks Of last
year. But IN the long run the outward
movement will affect prices. although
the surprisingly large increase at the
west indicates considerably greater
Weld than has been anticipated. So the
enormous receipts Of cotton from plan
tations, exceeded those to date from the
great crop of about ten million bales In
1894. tend to check all speculation, all
thouph both forelan and domestic de-
mands for splnners have been materlal-
~ restricted,
Failures for the week have been SO8
In the United States, against 31s last
year and twenty-clght in Canada
against iifty-five last year.