Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-12-04
DUN'S REVIEW OF TRADE.

New York, December 3.-R. G. Dun
& Co.'S weekly review of trade, in its
issue tomorrow, will say:
The monthly report of failures shows
| defaulted liabilities Of SLIGO, 1875 in
| November, against $12,700,S56 last
year. Because of the large failures for
| $3,250000, not due to present condi-
lions, the aggregate in November was
only $1100,000 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 business shows that pay
| ments have been remarkably good and
defaults unusually small. Other evil
dences of the state of business are col-
vincing. except in speculative lines.
Wages have been voluntarily advanced
for nearly 10000 workers in woolens
and iron Stocks are somewhat
stronger, having advanced STAT for
railway and s157 for trusts. The
true value of American railway stocks
is steadily rising with earnings, which
for November thus far are 209 per
cent larger than last year and 81 per
cent larger than the same weeks o.
1892.
| industries, but at least one other fur
| mace has gone into blast, and the low
est prices of Bessemer at Pittsburg,
after purchases Of 10000 tons, is S10.15
per ton, with 1926 for grey forge.
Eastern holders are sometimes impa
| tient and vet sure that January will
bring a large demand, and meanwhile
| the award of ship plate contracts to
WI mt
| help, though the demand for bars is
slow at the east and at Pittsburg, but
| is really strong at Chicago for agricul-
tural and railway supplies. Struc-
| tural orders are seasonably in abey-
ance, but contracts for pipe for Lon
| don elicit sharp bidding at Pittsburg.
! The voluntary advance Of 20 per cent.
| in the wages of the worsted workers
at Providence, restoring the rates or
| 1898, is evidence of the prosperity of
| that manufacture. After much hesita-
| ton in order branches. which may be
| justified, this important department OF
! the wooden industry puts itself at the
! front virtually declaring its ability to
| face any foreign competition. Inc
purchases of Australian wool at Boston
| have been large. PASS, 900 pounds. out
| Of 6.170.700 pounds of wool at the three
chief markets. against 1921 800 pounds
| for the same week last year. But 9th
or markets are extremely quiet, and
Boston is doing the selling at prices
| not named.
The wheat market has deceived
| everybody, dropping in the face OF an
enormous foreign demand just when
some advance might reasonably nave
been anticipated. The western receipts.
6.SS2.425 bushels, against 2,964,621 last
wear. for the week and for five weeks
Sc. $685. bushels, against 20,S11 .456
! last year for the same weeks, are just
now more impressive in the market
! than the Atlantic exports, which have
been. flour included, 4.1S7.6T2 bushels
for the week, against 2.075.445 last year,
| and for five weeks 1877, Al bushels.
against 9,S17.153 for the same weeks q
| last year. But in the long run the out
ward movement will affect prices. al
| though the surprisingly large increase
at the west indicates considerably great
FER WELD than has been anticipated. So
| the enormous receipts of cotton from
plantations exceeded those to cate from
| the great crop of about 100000 bales
| in 1894. tend to check all speculation,
| although both foreign and domestic de-
inands for spinners have been mater
tally restricted.
Failures for the week have been 306
! III the United States. against 379 last
fear, and IS ACanada, against So last
lFear.