The Bellefontaine Republican. [volume] (Bellefontaine, Logan County, Ohio) 1855-1905, 1898-12-06
Immense Business Being
Transacted in the United
States.
The Country in a Splendid Financial
Condition. a.
RUNNING AT FULL CAPACITY
Iron and Steel Mills Crowded
With Orders For Months.

New 1OIk, Leu. 1<.-ns W. OuA "
Co.'s weekly review of trade will say to-
morrow:
The report of failures for the month
of November is extremely gratifying be-
cause 1t shows not only decrease in
number and o smaller amount OF liabili-
ties than In any other month excepting |
three summer months since the month. |
ly record began, but because careful
analysis shows striking improvement
both in the small and in the large
failures, and in nearly all classes of in
dustry and trade. Considering that
failures are usually smaller in summer
months than in November. the monthly
returns may be considered about the
best ever made and shows . condition OF
financial soundness rarely surpassed.
Nobody can estimate the gain for the
iron and steel industry which will re-
suit from the past weeks transactions
in steel rails, which are said to. exceed
700 600 tons. The makers have failed to
agree and to complete the consolida-
tion under which q single agency was
expected to sell all the rails for domes :
tic uee or for export, the Western works
entered into IN agreement by them
selves and fixed their scale Of prices at
SIT for Pittsburg,i SIS for Chicago, and
$50 for Colorado, and the Illinois Steel
lWorks are said to have taken orders in
single week covering much the create,
part Of next yesr's capacity. But East
eru concerns have not been idle, and
have taken such large orders that the
output of the year is now expected te
exceed 1900 600 tons. Bessemer pig ii
| STRONGER AT PITTsBURG,
where purchases of 10000 tons hav'
. cleaned mp stocks held outside the asso
ciation, but il selling at $40 40 there
while the association demands $40 q
VALLEY mills. Grey forge is steady ant
or pig ID in better demand at Chicag
and Philadelphia. Finished products
iron and steel are unchanged in price
Q although the places and bars are in re
markably heavy demand, especially TO
car building.
Sales of wool have been large in Nc
vember, 80 s75, 800 ponnds in fv
against "a 122 400 last year an
26 s31 900 in 1892, but they have bee
!. effected by important CONCESSIONS
\ price. The rise of cotton to 5 81 cent
" which had no other basis than an i'm
:. preston that cold weather and storm
late in November might do much harm
:, reacted sixteenth, but rose Friday an
: closed 1T the top price, with improve
,s ment in the goods market.
While prices of print cloths are III
IN changed, the prices of some hea'
!. goods and bleached shirtings are trif
of higher.
The wheat market has been weak
!. with heavy Western receipts and b.
=, declined }c. Atlantic exports ha'
!. been 12s 600 bushels. Fl ,ur include
=. for the week, against 41S7 800 last yea
:. and Pacific exports $4,000 again
n $4,000
!. Corn exports have been IA, 400 on
bushels against IL S81 600 bushels Ia
:, year, and tn price has risen fc
=. The possibility that foreign depen'
:. ence on American food supplies is pc
. manently increasing may be worth Col
:. sidsring.
Failures for the week have been q
- in the United States against 3O6 Ia
year, and 10 in Canada against % la
y year.