The star. (Reynoldsville, Pa.) 1892-1946, 1897-12-08
TRADE SITUATION.
Thirty Thousand Workers in woolens Rave
Thor Wages Advanced.

II. G. Dun e. Co.'S Weekly Review Of
Trade reports for last week as followsa
The monthly report Of failures shows
vember. against si2,70O.s56 last year.
Because Of three large failures for $3.-
100000, not due to present conditions,
the aggregate In November was only
100000 less than last year, and exc
cept for these would have been smalls
er than In August. September or Octo-
ber The decrease In nearly all branch
es OF business shows the payments
have been remarkably good and =,
faults unusually small. Other evidei-
ces of the state OF business are con-
vlncing. except In speculative lines.
Wages have been voluntarily advance
ed for nearly 10000 workers In woolens
and iron. Stocks are somewhat strong
er, having advanced 81 ~ for railways
and 81 81 for trusts. The true value OF
American railway stocks is steady, ris-
Ing with earnings. which for November
thus far are 209 per cent larger than
last year and 80 per cent in the same
week OF 1892.
n is the season for waiting In most
Industries, but at least one other fur
mace has gone into blast, and the low
est price of Bessemer at Pittsburg. af-
ter purchases OF 10000 tons is $40 15 per
ton. with 80 25 for gray forge. Eastern
holders are sometimes impatient and
yet sure that January will bring 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 Pittsburg. but is really strong
mt Chicago for agricultural and railway
supplies. Structural orders are season.
ably In allegiance. But contracts for
n nI ch In %
at Pittsburg.
The voluntary absence OF 20 per cent.
In wages OF worsted workers at Provl-
dence. restoring the rates OF 1893, is
evidence of the prosperity OF that
manufacture. After much hesitation
In other branches. which may be justi-
fed, 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 again been large. 2.4S5000 pounds
out OF G,110.700 pounds of all-wool at
the three chief markets. against $751;
300 pounds for the same week last year.
The wheat market has deceived ev-
erybody, dropping In the face OF an
CT ormous foreign demand, Just when
an advance might reasonably have
been anticipated. The western receipts,
6,Ss2,425 bushels. against 2.96f,62l BUSH
els last year, and for five weeks. 49,
962,529 bushels, against 20,S7I ,426 bush-
els last year, are just now more i'm
presslve In the market than the At
lantic exports. which have been 4.187,-
Az bushels. flour included. for the
week, against 2.079.457 bushels last
year. But in the long run the outward
movement will affect prices. although
the surprisingly large increase at the
West indicates n considerably greater
yield than has been anticipated. SO the
enormous receipts of cotton from plan
tations. exceeding those to date OF the
great crop of about 10000. 900 bales in
1894. tend to check all speculation. al
though both foreign and domestic de-
mands for spinners have been materials
ly restricted.
Failures for the week have been 306
In the United States. against 397 last
year. and 2S In Canada, against So last
year.