The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-06

NEW YORK, Nov. 5.-R. G. Dun &
Co.'s weekly review of trade win say
tomorrow:
Stronger proof of the great change in
the condition OF business could not be
given than Is found in the detailed re-
port OF failures OF branches Of business
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 and trading failures,
81, ,s23, 1879, against S7.SSO,S1l in September
and S7,76OS35 in August, include one for
81, ,000, 900, having no relation 20 the
present stnte of business. During the
four years iron manufacturing failures
have not been smaller except in one
month, leather and shoes and unclassi-
fed manufacturing, except in four
months and cotton manufacturing eX-
cept in six months. OF trading classes,
failures have never been smaller in
groceries, jewelry and books except in
one month, In clothing, furniture and
unclasslfied trading except in two
months, and ten manufacturing and
eleven trading classes out Of fourteen
each have reported smaller failures in
third OF the past forty-eight months.
Improvement so general with a re-
markably low average OF liabilities in
most classes, has meaning which can
not be mistaken.
The quiet following the great rush
Of orders and purchases for over two
months Is still increased in many
branches by unseasonably mild 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 In
dustrles and would-be buyers, since
speculative purchases would otherwise
advance prices so fast as to make re-
action probable.
More works have Joined tue active
list, including some long idle, and the
production in iron manufacture Is the
greatest ever known. The output OF
pig again exceeds the demand, which
naturally dimlnishes near the close of
the year, and prices yield slightly, but
lHe NOlbulIlpllOn 10 htpb Ut Aht HldAl-
mum by pressure OF orders which the
works are not able to fill fast enough.
The Illinois Steel Company, shipping
5000 tons OF finished products per day,
is behind. Eastern and western orders
accumulate for railway materials. for
cars and bars, for ship plates and struc-
tural forms.
Cotton manufacture is doubly him
dered by decline in cotton and by accu-
mutation of goods with slow distrlbu-
tion, so that print cloths have fallen to
3.2l cents, new low record, and staple
goods are sold at concessions. all aver
aging not per cent above the lowest
point.
In woolen goods advance has been ar
rested by doubts about the future mar
ket for goods and cost OF wool, which
has advanced slightly in October,
though heavy sales to take profits are
reported, few Mt Boston covering g.
100000 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 moro
accurately judged. Cold weather Is
generally needed to hasten distribution
OF textile goods and to provide lndlca-
tions OF the future demand.
Another rise in wheat lifted the price
above 81, but profit taking speedily
caused reaction and the price closed 2Ii
cents lower for the week. Receipts
were about a million bushels larger
than last year. Corn has grown
stronger in spite Of the course Of wheat.
Failures for the week have been 27e
in the United States. against 23O last
year. and 30 In Canada, against So last
ypnr