The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-03

New York, Dec. 2.-R. c. Dun & Co. s
Weekly Review of Trade viii say to-
morrow: The report of failures for the
month OF November is extremely graft
flying, because it shows not only a
decrease in number and a smaller
amount of liabilities than in any other
month. excepting three summer
months, since the monthly record be-
gan, but because careful analysis
shows 9. striking Improvement, boLh IN
the small and in the large failures, and
in nearly all classes Of Industry and
trade. Considering the failures are
usually smaller in summer months
than in November the monthly return
may be considered about the best ever
made, and shows a condition of finan-
ciai soundness rarely surpassed.
Nobody can estimate the gain for the
iron and steel industry which viii re
suit from the past weeks transactions
in steel rails, which are said to exceed
zoo, GOO tons. The makers have failed
to agree and to complete the consolida-
ton, under which a single agency was
expected to sell all the rails for comes-
tic use or for export the western works
entered into an agreement by them
selves and fixed their scale Of prices at
ST. for Pittsburg, SIS for Chicago and
Hlt IOE AOtDL3QO, SAAu illG Al4llADlS steer
works are said to have taken orders in
a single week covering much the great
yer part of next years capacity. But
eastern concerns have not been idle,
and have taken such large orders that
the output OF the year is now expected
TO exceed 1900, GOO tons. Bessemer pig
is stronger at Pittsburg. Gray forge is
steady, and other pig is in better de-
mand at Chicago and Philadelphia.
Finished products of iron and steel are
and unchanged in price, although
plates and bars are in remarkably
heavy demand, especially for car
building.
Sales of wool have been large in No
Vember, IS, SIS, soc pounds in five weeks,
against "a. 122, 200 last. year and 26,SS1, 0G0
in 1892. but they have been affected by
important concessions in price.
Manufacturers have somewhat larger
orders. and are more hopeful, but a
considerable share of the machinery
must inevitably remain idle until the
material is cheaper in comparison with
the cost Of wool and goods in other
countries.
The wheat market has been lower,
with heavy western receipts, and has
declined one-half a cent, Atlantic ex-
ports have been 6,123,056 bushels, flour
Included. for the week, against 4.1S7 532
last year, and Pacific exports, 1,S10, 225,
TX tlISL LODI .Jct last gtcs. anu LOI HNe
weeks the total exports have been 2S,-
so, S63 bushels, against 6,122, 7O9 last
year.
Within the same time corn exports
have been 14.49o.2S9 bushels, against
12,SS1.5S2 last year, and the price has
risen one-quarter Of q cent.
It is a most significant fact, which
all interested may keep well in mind,
that exports of wheat are about equal
to the greatest ever known in any crop
year thus far. but are accompanied by
corn exports also, but Slightly exceeded
in the year Of greatest movement here
tofore The possibility that foreign de-
pendence on American food supplies is
permanently increasing, may be worth
gknsidering.
PFailures for the week have been PSI
In the United States, against 306 last
year and IS in Canada, against 2S last
year.