The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1897-11-06
FINANCE AND TRADE
As Regarded by the Two Leading
Commercial Agencies.
DECREASED BUSINESS FAILURES

Augur Wen For Trade Conditions,
They Being smaller In October Than
For Any Month In Four Years save
Three.
New York, Nov. 6.-R. G. Dun g. Co.'s
weekly review Of trade says: Stronger
proof Of the great change in the oondi-
lion of business could not be given
than is found in the detailed report Of
failures of branches OF business for the
month Of october. Though swelled
by a few large speculative or broker
age 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 manu-
featuring and trading failures, $7,S2S,-
1893, against $7,S8O,S11 in September and
S7,760,s35 in August, include one for
81. 900. 900 having no relation to the pres
ent state of business.
During the four years iron manu-
f%aaturing ~failures have not been smaller
except in one month, wool manufac-
turing except in two months, leather
and shoes and unclassihed manufac-
turing excepting in fou months and
cotton manufacturing except in six
months. OF trading classes failures
have never been smaller in groceries,
jewelry and books except in one month,
In clothing, furniture and unclassihed
trading except IN two months. and ten
manufacturing and IL trading classes
out Of IA have never reported smaller
failures in a third Of the past AZ months.
Improvement so general, with a re-
markably low average of liabilities in
most classes. has a 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 u~nseasonablS mild
weather. and yet the mills are obliged
to refuse many orders, being unable to
finish previous engagements soon
enough. It is every way fortunate for
the industries and the would-be buy
ers, since speculative purchases would
otherwise advance prices so fast as to
make reaction probable. More works
have Joined the active list, including
some long idle. and the production in
iron manufacture is the greatest ever
known.
Bradstreets' review says: Killing
frosts south, the raising Of quarantine
eHlDdIBoeS at neaIly All points IN states
invaded by yellow fever, the resump-
ton Of traffic n a prospective revival
In demand for staple merchandise con-
stitute the trade features of the week.
Rains in central-western and western
states, followed by colder weather. have
favored farmers and stimulated de-
mand from interior storekeepers. This
has had a favorable effect at Louis
vile, st. Louis and Kansas City. Job
bers In northwestern states are await
ing se|asonable weather to stimulate the
movement of heavy dry goods and win
ter clothing. Features at larger Pacific
coast cities are confined to sales of
mechandise and provisions for the
Klondike and to heavy foreign ship
ments Of wheat and flour. Larger eastern
cities report no increase i'm the general
merchandise movement. New England
centers report that orders from the
west exceed those from the south or
east. Leading manufacturing indus
tries continue fairly well employed.
While there has been a moderate re-
action In iron and steel. furnaces and
mills continue well employed, and the
outlook for higher quotations next yeai
is unchanged.