The times., 1899-11-04
DUN's WEEKLY STATEMENT.
business Fairly Active, With large
Sales and High Prices

business Fairly Active, With Large
Sales and High Prices.
NEW YORK, Nov. 8.-Duns tomorrow
will sayi
Failures have never been smaller than
in October in any month, except in May,
June and July of this year, since monthly
records began six years ago. Trading fail
ures have never been as small in any other
month of any year. Manufacturing failures
were never smaller in any month, save one,
prior to this year, and yet have been smaller
IL six of the nine months of 1893 in jan
uary and In May to September, inclusive.
British disasters in South Africa have
brought to view something besides the
steady self-reliauce of the English people
that they do not hold many American Sc
curities to be dislodged in time of alarm,
but are inclined TO take more when money
looks for safe investment. Stocks here
were scarcely depressed at any time below
the opening and closed so cents per share
higher for railroads and 81 higher for in
dustrials.
Monetary troubles were helped by the
steadiness of English markets, by the fine
surplus revenue shown by the Treasury for
October, by the remarkable showing Of
manufactured exports in September. and
by the quick movement of interior balances
this way when there seemed opportunity to
lend them here with advantage Mer-
chandise exports in October show an in
crease of s., ,863, 600 from New York alone.
little decline of "a cent In wheat and
- cents in corn does not hinder exports,
though 1t IS some evidence that growers
think they have ample supplies. Atlantic
exports of wheat for five weeks have been,
-four included, 15.6S6,599 bushels, against
Is 1S2, 631 last year, and Pacific exports,
2, ,7I3, SOL, against 1917, 434 last year West
eTn receipts of wheat have continued heavy
The enormous sales of wool at Boston,
21 557 500 pounds reported, making 2J, 36S
700 at the three chief markets for the week,
are extremely important. The prices have
been generally advanced to an average
scarcely below that of May, 1892. Cotton
manufactures have also a great demand
with prices constantly rising, so that with
middling uplands at 7.56 cents, goods are
I relatively higher in price than they have
been since October ], but whether both
will advance much further depends upon
the correctness of current estimates OF the
forthcoming crop.
prices for pig iron for early deliveries
are still advancing but great part of
the demand has protected itself by con-
/ tracts running far into next year iuclud-
| ing purchases of 10000 tons Bessimer This
/ week at S23.50 But no finished products
/ have advanced during the past week, eX-
/ cepting in refined bars which the eastern
/ association has put up 81 per ton.
dealers are refusing to pay the higher
prices asked by manufacturers Of boots
! and shoes to such an extent that future
/ orders are somewhat restricted. Yet the
( October shipments We're 4I3. .722 cases,
against 415,259 last year. Hides and leather
remain strong
''No rise in prices has yet hindered con-
sumption, for payments through the clear
ing houses have averaged in October A. 6
per cent more than last year Failures for
the week have been 1S2 in the United States
against 1874 last year. and 25 in Cauada
against 2s last year.