Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1897-12-06
. nrnnr ora a nlNnsa.

Trade, issued to-day, says; .
monthly report Of failures shows o.
liabilities Of Gil sl0 10 10
November. against si22oo, 500 last
wear. Because Of three large failures
for IS $50, 900 not due TO present con
di.ions tho aggregate N November
was only sl.10o, 900 less than last
and except for these would have
been smaller than 10 August, Ssptem-
ber or October. Tho decrease 10
nearly all branches Of business shows
that pay hive been remarkably
good and defaults unusually small.
Other evidences OF the state OF busi-
ness are convincing, except In specu-
lative lines. Wages have been volun-
tarily advanced for nearly sO.ooo
workers in woolens and iron. Stocks
are somewhat stronger, having ad'
vanced $1.17 for railways and u "
for trusts. The true vaIue Of Amer
'can railway stocks 10 steadily rising
With earnings. which for Novembel
thus far are 20 . per cent. larger thai
last year and 5 Z per cent. In the sam
weeks Of 1892.
1t 10 the season for waiting ip mos
industries, but At least n other fur
mace has gone into blast, and the low
est price of Bessemer at Pi,tsburg ate
purchases Of so. 900 tons. is $l0.1b pc
ton, with 50. rs for grey forge Eas.er'
holders are sometimes impatient, an
yet sure that January will bring a larg
demand and meanwhile the award .
snip plate contracts to eastern lrm
gives them important help, though th
demand for bars is slow at the east an
ut Pttsburg, but Is really strong
Chicago for agricultural and railwa
supplies. Structural orders are season
ably In allegiance, but contracts fc
pipe for London elicit sharp bidding
Plttsburg~
The voluntary advance OF 20 pr
cent. in wages of worsted workers
Providence, restoring the rates oflS9'
is evidence of the prosperity OF th'
nanufacture. After much hesitatio
in other branches. which may be just
lied, this important department. OF II
wooden industry puts itself at the from
virtually declaring its ability to fac
any foreign competition. The pu
chases of Australian wool al Bosto
have again been large, 2.4s6,e C
pounds out of 6.t7o,7O0 pounds Of a
wool at the three chief markets. again
8, sal 800 pounds for the same wee
last year, But other markets are q
tremely quiet and Boston Is doing u
selling at prices not named.
No gain appears in the cotton ma
utacture, and the low price Of cote
still binders the buying of good
Lower prices than have ever BET
known are quoted for print cloths, al
also for some grades Of prints. and u
average OF cotton goods is remarkab
lower.
The wheat market has deceive
everybody, dropping in the face OF Q
enormous foreign demand just whe
some advance might reasonably hay
been anticipated. The western r
ceIpts, 6 ,Ss2 ,425. bushels, against 2
964 ,s2l last year for the week, and Il
five weeks S3. 962. 529 bushes again
&c. S71 ,4b6- last year for tho san
week., arc just now nor impressi'
in the market than the Atlantic e.
ports, whioh have been 4,187,67
bushels, -four included. for the weel
agaipst 2,o79 AT last year, and for fv
weeks 1~7,S17.471 bushels, against 9
lt8I7 les for the same weeks last yea
But IN the long run the outward NOV
ment will affect prices although II
surprisingly large increase At the we
indicates q considerably less yield Ina
has been anticipated.
Failures for the week have been &c
IN the United States against $40 la
year and twenty-eight in Canad
against ffty-6ve last year.