The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-06
WEEKLY TRADE REVIEWS.
Dun's ssd Brsdstreet's Reports on
the Condition Of Trade.
FAILURES ARE SOMEWHAT SMALLER.
Dun Thinks II an Indication pf Prev
aIent Prospe weather
Causes some Duil0ess.

-
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 sweIIed BY a
few large speculative brokerage failures.
the aggregate was smaller than in any
other month for more than four years ex-
eept In July and August aud one month In
1884 The manufacturing and trading fail
ures. s7.sa3. fss, against t7,s3e.sil In Sep
TENDER. and 1880 ss5 ia August, include
one for 81. 900. 600. having relation to the
present state Of business During the four
years iron manufacturing failures have
not been smaller except Ia one month;
wool manufacturing. except In two months;
leather and shoe manufacturing and I'm
classified manufacturing. excep. In four
months, and cotton manufacturing except
10 six months. OF trading classes failures
have never been smaller In groceries, cut
Iery and books except one MONTH furniture
aad unclasSlfied trading except in tno
months aad ten manufacturing and eleven
trading classes out OF fourteen each have
never reported smaller, failures In third
Of the past fOrty-egh month";. Improve
merit SO general with a remarkably iow Az
erage OF liabilities IN most clafs Is has
meaning which can not b. raistakcn
The quiet following the rush Of orders
and purchaFes for over two months Is still
Increased in many branches By .unseason.
ably mild weather, ana yet the mills are
obliged 10 refuse many orders because un-
able TO finish previous engagements soon
| enough L IS In every way fortunate for
the industries and The would-be buyers,
since speculative purchases would other
wise advocate prices 80 fast as TO make re-
action probable. More works have Joined
rho active list including some long Idle,
and the prodtecion in iron manufacturing
is be greatest ever known. The output OF
pigs again exceeds the demand. which nat
urany dim,ulshes near the close OF the
year and priceK yield slightly. but the
consumption Is kept at the maximum by
pressure OF orders which Che works are
not able 10 fill fast enough. The Illinois
Steel company, shipping 5000 tons OF fin
( ished products per day. Is behind. Eastern
! and Western orders accus,slate for ma,
terias for railway cars and bars for shir
plants and structural forms.
Cotton manufacturing IL doubly hinderet
/ by the decline In cotton ant accumulation
OF goods, with slow distribution so tha
the print cloths have fallen to 2.3ic, a ne
J low record. and staple goods are sold 4
concessions. all averaging not 2 per cen
above the lowest point In wooden good,
advance has been arrested by doubts abou
the future market for goods and cost o
wool, which has advanced slightly. though
( heavy sales to take profits are reported
| few at Boston covering 100000 pound
I IL ba oil a,
for some time, and the opening OF th
| next season may be deferred until the flu
/ ture can be more accurately judged
Cold weather lis greatly needed to has Ell
distribution OF textile goods and 10 pro
vide indications Of the future demand. An
| other rise in wheat lhted fhe price abov
sl.0o, but profit taking caused reactions
and the price closed IL cents lower 10
the week. Receipts were about a million
bushels larger than last year. and Atlantis
exports. flour included, wCre 3 .es7 ,537 bush
ee. against $50, 1913 last year
Exports In October and September weri
heavier than In any preceding month, an.
after gloomy reports on the condition o
winter wheat extensive rains have cause,
| improvement
Corn has grown stronger In spite OF tn
course Of wheat. and authorities much cred
tied estimate the yield at 500. 600 600 bush.
els. which would hardly permit the consin
uance 0t heavy exports in place Of whea
through the year.
Cotton has not lifted above cents. ant
| declining prices OF goods with the somewha
4 Increased prospect OF extensive stoppage o
/ English mills causes less speculation thar
| usual.
i Failures for the week have been 27e II
the United States. against go last year
aud thirty in Canada. against ffty-twt
iAst year