Omaha daily bee., 1898-12-03
FROM NOVEMBER RETURNS
Decrease in Number and Smaller Amount
Of Liabilities in Failures.
BIG TRANSACTIONS IN IRON AND STEEL
Possibility That Foreign Dependence
On American TOod Supplies
IL Constantly 1ncreasing.
Active 1ndustries.

NEW YORK, Dec. ar. @. Dun & Co. q
Weekly Review Of Trade will say tomorrow:
The report of failures for the month OF
November is extremely gratifying, because
1t shows not only q decrease in number and
smaller amount Of liabilities than in any
other month excepting the three summer
months since the monthly record began but
because careful analysis shows striking
Improvement both In the small and in the
large failures and In nearly all classes OF
industry and trade. Considering that fail
ures are usually smaller in summer months
be considered about the best ever made
and shows condition Of financial so,indness
rarely surpassed.
Nobody can estimate the gain for the iron
and steel industry which will result from
the past weeks transactions in steel rails.
which will exceed 100000 tons. The
makers have failed to agree to complete
the consolidation under which a single
agency was expected to sell all the rails for
domestic or export use. The western works
entered into an agreement by themselves and
hxed their scale Of price at $17 for Pittsburg.
$1S for Chicago and $19 for Colorado and
the Illinois steel works are said to have
taken orders in single week covering
much the greater part. OF next years ca
pactty. But eastern concerns have not been
idle and have taken such large orders that
the output Of the year Is now expected to
exceed 100000 tons. Bessemer pig Is
stronger at Pittsburg, where purchases Of
10000 tons have cleaned up stocks held out
side the association. but 1t is selling at
$10.40 there. Grey Forge 10 steady and other
pig is in better demand at Chicago and
Philadelphia. Finished products Of iron and
steel are unchanged in price, although plates
and bars are In remarkably heavy demand,
especially for car building.
Sales OF wool have been large in Novem-
ber, 39,S75, 500 pounds in Ave weeks. against
"a, 122, 400 last year and 26,s31, 900 In 1892,
but they have been effected by important
concessions IN price.
Manufacturers have somewhat larger
orders and a considerable share Of the ma
chinery must inevitably remain idle until
the material is cheaper In comparison with
the cost Of wool and goods in other coun-
tries. The rise Of cotton to 5 2-16 cents.
which had no other basis than an impress
sion that cold weather and storms late in
November might do much harm, reacted a
sixteenth but rose Friday and closed at the
top figure, with improvement in the market.
While prices Of print cloths are un-
changed, the price Of some heavy goods and
bleached shirttngs are a trifle higher.
heavy western receipts. and has declined
Nc. Atlantic exports have been 6,123.05S
bushels -four included. for the week. against
4,1S7.632 last year. and Pacific exports
1.s1O,225, against 1,s57.95s last year and for
Ave weeks the total exports have been
s,3O4,sS3 bushels, against 26,l22,7os last
year.
Within the same time corn exports have
been 14,62s.2S bushels, against 1881, ,562
last year and the price has risen fic. 1t
Is a most significant fact, which all inter-
ested may keep we'll in mind, that exports
Of wheat about equal 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 heretofore. The possibility is that
NJ
plies Is constantly increasing.
| Failures for the week have been 2S1 In
| the United States. against 30s last year and
| 10 in Canada. against % last year. "