The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-11-13
DUN'S WEEKLY REVIEW.
FAILURES SMALLER THAN IN ANY OTHER
MONTH FOR FOUR YEARS,

Cotton Manufacture Is Doubly Hindered
by Decline in Cotton and Accumulation
of Goods...Cold Weather Needed to
Hasten Distribution OF Textile Goods.
R. G. Dun & Co.'s weekly review Of
trade Saturday says:
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 bust
ness for the month of October. Though
swelled by few large speculative or
brokerage failures, the aggregate was
smaller than in any other month for
more than four years, except in July
and August, and one month in 1894.
The manufacturing aud trading failures,
1898, 1919 against $7,830,81l in Sep.
TENDER, and 81, 760, 1876 in August, in.
Glade one for 81, 900, 900 having no r..
lation to the present state of business.
During the four years iron manufac.
turing failures have not been smaller,
except in one month; wool manufac'
tnring, except in two months, leather
and shoes and unclasai6ed manufactur-
ing, except in four months, and cotton
manufacturing, except in six months.
OF trading classes, failures have never
been smaller in groceries, jewelry and
uookr, vne>f,t An ena month: in cloth.
ing, furniture and unclassifed trading,
except in two months, and ten manu-
featuring and eleven trading classes out
of fourteen each have never reported
smaller failures in third of the past
forty-eight months. Improvement SO
general, with remarkably low average
of liabilities in most classes, has q
meaning which cannot be mistaken.
The quiet following the great rush Of
orders and purchases for over two
months is still increased in many
branches by unseasonably moderate
weather, and yet the mills are obliged
to refuse many orders because unable
to finish previous engagements soon
enough. 1t is in every way fortunate
for the industries and the would-bs
buyers, since speculative purchases
would otherwise advance prices so fast
as to make reaction probable. More
works have joined the active list, in.
Guiding some long idle, and the produc.
ton in iron manufacture 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 con.
sumption is kept at the maximum by
pressure of orders which the works are
notable to fill fast enough. The Hi.
nois Steel Co., shipped 5000 tons of
finished products per day, is behind.
Eastern and Western orders accumu.
late for railway materials, for cars and
bars for ship plates and structural
forms.
Cotton manufacture is doubly hin.
dered by decline in cotton and accu.
mutation OF goods, with slow distrlbu.
ton so that print cloths have fallen to
2.3l cents, new low record, and
staple goods are sold at cone. ssions.
all averaging not 2 per cent. above
the lowest point. In WOODEN goods
\ advance has been arrested by doubts
about the future market for goods and
the cost of wool, which has advanced
slightly in October, though heavy
sales to take profits are reported. a
few at Boston covering 5000, 000
pounds this week. The mills have all
they can do for some time and the
opening of the next season may be-
deferred until the future can be more
accurately judged. Cold weather is
greatly needed to hasten distribution
Of textile goods and to provide inaica.
tons of the future demand. Another
rise in wheat lifted the price above 81,
but profit taking speedily caused re-.
action AID the p ice closed 90 lower
tor the week. Receipts were about q
million bushels larger than last year
and Atlantic exports flour included) :
were 8, 1871, $3.50 bushels against 1852.
533 last year. Exports in October and
in September were lsavier than in anv
previous month and gloomy reports OF
the condition of winter wheat and severe
rains have caused material improve.
ment' Corn has grown stronger in
spite OF the cours, of wheat, and gu.
thoritlrs much credited estimate tho