Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1897-11-09
THE PULSE OF TRADE
Decreased Loss by Failure Proof of
Change in Business Conditions.
BEST RECORD FOR OVER FOUR YEARS.
unseasonable, Mild Weather Aids In
activity In the Markets - Mills,
However, Unable to FIJI All of
the Orders Received.

New York, Nov. 6.--R. e. Dun q Co.,
in their weekly review of trade, say:
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
few large speculative or brokerage fall
ures. the aggregate was smaller than In any
other month for more than four years, ex-
cept In July and August and one month in
1894 The manufacturing and trading fail
ures, T,S2S,199, against S,SS0.S1 in Septem-
Der and $780, 35 In August, include one for
N,0Oo,OOO having no relation to the present
state of business. During the four years
iron manufacturing failures have not been
smaller except in one month; wool manu.
featuring, except in two months; leather
and shoes and unclassitied manufacturing,
except in four months. and cotton manu-
featuring. except in six months OF trad
Ing classes, failures have never been
smaller in groceries, jewelry and books ex-
cept In one month: in clothing, furniture
and unclassified trading, except in two
months, and ten manufacturing and II
trading classes out Of IA each have
never reported smaller failures In a third
general, with remarkably low average of
liabilities In most classes, has mean
Ing which cannot be mistaken.
Boom In Iron.
The quiet following the great rush of
orders and purchases for over two months
Is still increased In many branches by I'M
seasonably mild weather, and yet the mills
are ooilsed to refuse many orders because
unable to finish previous engagements soon
enough. 1t is In every way fortunate for
the industries and the would-be BUYERS.
since speculative purchases would 9TH
erwise advance prices so as to make
reaction improbable. More works have
joined the active list. including some
long idle, and the production in iron man
ufacture 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 maxim by
pressure OF orders, which the works are
not able to fill fast enough. The Illinois
Steel company, shipping 5000 tons of fin
lshed products per day, is behind.
Dollar Wheat.
Another rise In wheat lifted the price
above 81, but profit taking speedily
caused reaction and the price closed 2is
cents lower for the week. Exports in Oc-
tooer, as IN September. were heavier than
IN any preceding month, and after gloomy
reports OF the condition Of winter wheat
extensive rains have caused material i'm.
provement. Corn has grown stronger In
spite OF the course of wheat, and authori-
ties much credited estimate the yield at
>'SSo'NoobSoV baSASlSp which would ha r01V
permit the continuance of heavy exports
IN place or wheat through the year Cot
ton has not lifted above 6 cents and the
accumulation and declining prices of goods
with the somewhat increased prospect Of
extensive stoppage of English mills, camses
less speculation than usual
Failures for the week have been DIG in
the United States, against $50 last wear. and
W IN Canada, against So last year"
As Brndstreet's Sees 1t,
Bradstreet's says:
AililnB 1rosts south, the raising of qua r.
antine embargoes at nearly all states IN.
vaded by yellow fever, the resumption Of
tramc and prospective revival In de-
mand for staple merchandise constitute the
trade features OF the week. Rains in CEN
tral western and western states, followed
by colder weather, have favored farmers
and stimulated demand from interior store.
Keepers. This has had favorable Of.
rect at Louisville, ST. Louis and Kansas
City. Jobbers in northwestern states n no
awaiting seasonable weather to stimulate
the movement of heavy dry goods and win
ter clothing Features at larger Pacific
coast elites are confined to sales of mer-
chandise and provisions for the Klondil.a
and the heavy foreign shipments of wheat
anu nour. Larger eastern cities report
no increase IN the general mercha ndise
movement. New England centers renort
that orders from the west exceed those
from the south or east. Leading manufac q.
turing industries continue fairly well en-
ployed While there has been a moderate
reaction IN iron and steel, furnaces and
mus commune wen employed and the out
look for higher quotations next year is nm
changed. In addition to lower prices for
southern and Bessemer pig and for steel
billets, quotations for naval stores, WOODS.
copper, coffee, pork, flour, oats and whea +
are are, lower, while those for cotton, print
for Indian corn and lead are shade
higher"