Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-04
THE STATE OF TRADE.
RATHER More Observation-Disclosures
Unusually Small.

Unusually Small.
NEW YORK, December 3.-MIessrs. r.
G.'Dun & Co.'S weekly review Of trade
Tomorrow will say:
n monthly report of failures shows
defaulted liabilities of 81 Go, l95 in No
vember. against $12, 7OO.s Js last year. Be
cause of three large failures for y3,25o.Co,
not due To present conditions, the aggre-
gate in November was only 81. 100 900 less
IMAM last year. But for these 1t would
nave Deen smaller thar I'm August, Sep
tember, or October. The decrease in near
~ an branches of business shows that
payments have been remarkably good,
ana detaults unusually small. Other evil
deiceS or the state Of business are con-
vlhcilg, except in speculative lines. Wages
nav Deen voluntarily advanced for nearly
49, workers in woollens and iron.
STOCKS are somewhat stronger, having adj
Vanced SLH for railways and Sl.57 for
trusts. The true value of American rail-
way stocks is steadily rising, with earn
ihgs winch for November thus FAR are 20.9
per cent. larger than last year, and 81
per cent. in the same weeks OF 1892.
IT Is the season for waiting In most in
dustries' but ut least one other furnace
mas gone into blast, and the lowest price
OF Bessemer at Pittsburg. after purchases
OF 10000 tons. is Sl0.l5 per ton. with S9.25
hoI gray forge. Eastern holders are some
tIHes impatient, and yet are sure that
JdhuaIy WIZ bring a large demand. and
that the award Of ship-plate contracts TO
eastern firms gives them important help.
thouSh the demand for bars is slow al the
East ana at Pittsburg. but is really strong
at Cnlcago Tor agricultural and railway
auPpIes' structural orders are season.
aDly In allegiance. but contracts for pipe
burg. 9"
The voluntary advance of 20 per cent.
~ Wy wages OF worsted-wOrkers at
A - EnZ1AEfg% fha Con q |
SSNIutnce or the prosperity of that manu-
iacture. After much hesitation i'm other
nIanches, which may be justified. this
hnportaht department of the woollen in
Justly puts itself at the front. virtually
declaring it's ability to face any foreign
uoLnpetiuon. The purchases of Australian
90 az Boston have again been large
o'i'',uoV pounds-out of CLIO. zoo pounds OF
against S,s21. 300 pounds for the same week
iast year, but other markets are extreme
~ quiet, and Boston is doing the selling
d. prices not named.
no gain appears in cotton manufac-
ture' and the low price of cotton still
,uh.n a the buying of goods. Lower prices
.nau nave ever been known are quoted for
~ hnt-cloths, and also for some grades of
foods e, ana ths average price of cotton
WHEAT.
The wheat market has deceived every
oouy' dropping in the face OF an enor-
ncuS Foreign demand just when some adj
,anC9 might reasonably have been antici-
'S'eu' Inc western receipts-6, $50, 425 bush
rs against 296f.62l bushels last year for
ne week, and for five weeks 33. 900. 52g
,ushels' against 20.S7, f56 bushels last wear
VI the same WeekS--are Just now more
n III eSSlve IN the market than the At
unto exports. which have been 4.1S7.672 !
'usheIs Mour included for the week,
.gainst 2,079.457 last year. and for five
SvJhS IGoIIi1 bushels, against 9,S17,153 ,
,usheIs Tor the same weeks last year. .
'ut IN the long run the outward move I
neht VIII a1ect prices, although the sur
ilslngly large increase at the West in S
lcates a considerably greater yield than
been anticipated. SO the enormous re- 7
elptS or cotton from the plantations in :
iudlnS those to date, showing the crop d
bout ten million bales. tend to check all u
although both foreign and t
onnesu1 demands for %spinners have been
literally restricted. q
FAILURES for the week, 306 in the United =
ldteS. against 39 last year. and 20 in .
anada, against % last year. o
BRADSTREETS VIEW. p
Bradstreet's tomorrow will say: Gene g.
u trade throughout the country has pre- y
'nted rather more animation, owing TO q
'lder weather and the approaching holt oil
iys; but, while clothing, dry-goods, hats. m
loes' notions. hardware, and fancy gro m
res nave been in a little better demand -
ON both Jobbers and at retail i'm the
slon tributary to Chicago. st. Louis. r
mana; 81. Joseph, ST. Paul. and Kansas
", the tendency OF business has been
siacKen. This Is noticeable in iron and
ana I'm a further depression. in cot
n goods, print-cloths having made a
w low record i'm price. The appearance
n better demand for f~illing-in purposes
> ndd a favorable influence at points in
and the Gulf States. On The
.cifc coast the feature Of business is a
li-malntalned export movement from
aIly az ports. The lower price for
Is followed by a sharp reac-
n In wheat and a lower price for In
m corn. oats are slightly higher and
lee has advanced, I'm addition TO which
ere IS a long list Of staples, the prices
are unchanged.
he domestic grain trade continues 70
X with equanimity on the unprecedent-
y large quantities Of wheat exported
m both coasts week after week, the
tinuance of which is an evidence Of an
recitation of the relation of supply 10 .
by the grain trade abroad. \
he total exports OF wheat flour in =
led as wheaO, from both coasts of the L
ted States and from Montreal this
K aggregate 6,5S9, $50 bushels-l,3O 1000
hels more than last week and within =
10 bushels of the largest weeks ex- IL
IS on record. They compare with d
u exports in this week last year of
900 bushels, OF 3,156.O00 bushels In
hels i'm 1893. H.,
'rn exports show a heavy gain over VI
80 HrSl'6dAiik r.DoJ.oVD DuSnelS. / II
inst 2.S69,00 bushels last week. I.75SOO0 IL
lels last year, and 1857. 900 bushels in III
corresponding week OF 1895. luI
lie exports of other cereals. such as
J, rye, barley, and buckwheat. have
been very large. and the total value
cereal exports during the week
closed promises to be fully sg.OOO.OO0.
BUSINESS FAILURES. -
ere We're $50 business failures re-
ed throughout the United States This "
compared with 233 last week. 29
he first week OF December. 1896. 315 r
re like week of 1895. S22 in 1894, and 1888
ere were q business failures reported
the Canadian Dominion this
compared with "a last week.
re ike week one year ago, and 50 twoNl
s ago.
tn fIa GnnnalGnI Ill