The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-12-04
from r. G.. Dun & Co.'S weekly Re-
VieW."1

NV"
The monthly report of failures, made
| only by r. G.. Dun & Co., shows defaulted
liabilities of 81, $40, 195 in November
against s12, 200, S56 last year. Because of
three large failures for 1920, DOC, not due
to present conditions, the aggregate in
November was only $l,100. 1000 less than
last year., and except for Athese would
have been smaller than in august, Sep
| TENDER or October. The decrease in near
ly all branches of business shows that
payments have been remarkably 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 $4,000
workers in woolens and IRON. Stocks are
somewhat tronger having advanced $.4I
for railways and $1.57 for trusts. The
true value of American railway stocks is
steadily rising with earnings, which for
November thus far are 20.9 per cent.
larger than last year. and 81 per cent. in
the same weeks of 1892.
1t is the season for waiting in most in
dustries, but at least one other furnace
has gone into blast, and the lowest price
of Bessemer at Pittsburg. after purchases
of 80, 1000 tons, is S10.15 per ton, with 1926
for Grey Forge. No change appears of
CONSEQUENCE in quotations at Chicago and
eastern markets Eastern holders are
sometimes impatient and yet sure that
January will bring a large demand, and
tracts to eastern firms gives them inn
portant help, though the demand for bars
is slow at the East and at Pittsburg, but
Is Itdllt 6IlOt1Eo IT iiASo5 lOA d2 -
tural and railway supplies. There are
also considerable riders for rails at the
western markets. Structural orders are
seasonably in allegiance. but contracts for
pipe for London elicit sharp bidding at
Pittsburg.
The wheat market has deceived every
body, dropping in the face of an
foreign demand just when some advance
might reasonably have been anticipated.
The weston receipts, 6,SS2,4 25 bushels,
against 1854, 621 last year for the week,
and for five weeks 8 1862, 529 bushels against
0,S71, 456 last year for the same weeks,
are just now more impressive in the
market han the Atlantic exports which
have been 4.1S7, 672 bushels. -four included,
for the week against 2,079,457 last year,
and for five weeks 1917, All bushels against
SSH 53 for the same weeks last year.
But In the long run the move
ment will affect prices, although the sur
Gates a considerably greater yield than
has been anticipated. So the
receipts of cotton from plantations. ex-
ceeding those to date from the great crop
OF ten million bales in 1894, tend to check
all speculation, although both foreign and
domestic demands for spinners have been
materially restricted.
Nothing appears to indicate any prob
able ~stringency in the money market, and
the demand for commercial loans is still
remarkably light, with receipts from the
interior exceeding shipments by over
s.. 900, 900. The heavy excess is largely due
to extremely favorable collections in all
narts of the country, and also to ship
ments hither to meet the very heavy dis
bursements on railway and other accounts
about January /.
Failures for the week ave been 306 in
the United States against 379 last year,
and rs in Canada against 80 last year.