Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1897-12-04
LESS FAILURES NOTED
Three Not Due to Present Con-
ditions, Says Dun.
WAGES OF NEARLY 10000 GO UP.
AT This Season of Waiting. at Least One
More Furnace Goes Into B1ast-Wheat
Drops In Face of Enormous Foreign
Demand-The Wool Situation.

New YORK, Dec. Ar. G. Dun q
Co.'s Weekly Review of Trade issued
today says: The monthly report of
failures show defaulted liabilities of
11.6l0, 1875 IL November, against s12,-
700,856 last year. Because of tree
large failures for So, 200, 900 not due to
present conditions, the aggregate in
November was only 81, 050,00 less than
last year, and except for these. would
have been smaller than in August,
September or October. The decrease
in nearly all branches of business shows
the payments have been remarkably
good and defaults unusually small.
Other evidences of the state of business
are convincing, except in speculative
lines. Wages have been voluntarily
advanced for nearly 5000 workers in
woolens and iron. Stocks are some
what stronger. having advanced $1.47
for railways and $1.57 for trusts. The
true value OF American railway stocks
is STEADY, rising with earnings, which
for November thus far are 20.9 per cent
larger than Iast year and 81 per cent
in the same weeks of 1892.
It is the season tor waiting in most
industries, but at least one other fur
mace has gone into blast. and the low.
est priee OF Bessemer at Pittsburg,
after purchases OF $4,000 tons, is $40. Is
per ton with 1925 for Grey forge.
Eastern holders are some times impa-
tient and vt sure that January will
bring large demand and meanwhile
the award of ship plate contracts to
fnry, NJ
help, though the demand for bars is
slow at the east and at Pittsburg, but
is really strong at Chicago for agricul-
turaI and railway supplies Structural
orders are seasonably III abeyance, but
contracts tor pipe for London elicit
sharp bidding at Pittsburg. The vol
untary advance of 20 per cent in wages
OF wors ed workers at Providence, re-
Storing the rates of 1898, is evidence of
the prosperity of that manufacture
After much hesitation in other
branches which may be justified, this
Important department of the wooden
INDUSTRY puts itself at The front. vir-
tuaiiy declaring its ability to force any
ter! Il competition. The purchases of
Aus shan wool at Boston have again
beel. large, 2 1000 pounds out of
g, NJ poun4s Of al wool at the
TIRE 81 m cts, against S,92l, 300
poua or he same week last year
TIN heat market has deceived
evaf 81 y. dropping IN the face of an
ee59. ~ ii or-ign demand just when
All zs5G might reasonably have been
anrici qared. The wester. receipts, g.
ea4, bus hels ;,sainst 964 1921 bush
els last year, and fnr five weeks, 3d.
8 20 8 bushels, against 20 81 100 BUSH
els lasr year, arr Just now more impress
sivr IL the market than the Atlantic
eApoa.s, which have been 4,IS7, 472
b.shels flour included, for the week,
against : ,07.', 457 bushels last year, and
for five weeks, i7,617.471 bushels,
against 9,S17, 1913 bushels for the same
weeks last year But, in the long run,
the outward movement will effect
prices, although the surprisingly large
increase as the west indicates consid-
erabiy greater yield than has been an
ticipated.
Failures for the week have been BOG
i'll the United States, against 397 last
year, and IS in Canada, against So last
wear.