Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1900-12-01
Those for November Larger Than
Last Year.
LIABILITIES ARE INCREASED
,.o,,,sh for by some Very Heavy
FaIlares Wool Market IL
Recovering.

Now York, Nov. SO.-R. g. Dunn &
c,,s weekly review OF trade tomorrow
viii say .,.
commercial failures In November
vsra $50 in number and Sl2,3OoSl6 in
a,oDpt OF liabilities. against 1S2 In
october for $g.OOI7sl and $50 in Novem-
har last year, when Liabilities were only
WucNs. Manufacturing defaults
were but 1872 in number and S3SSS,l6j in
amount. the bulk Of the mortality oc-
curing in trading concerns, OF which
ai failed for s7,5O635S. There were
forty other commercial failures, with
liabilities Of sslO.7s3. -Four banking and
financial companies defaulted for 1898, =
Ogy
Al first glance the November state
ment appears very unsatisfactory, but
II must be remembered that a few
heavy failures In wool and other tex
the Industries account for a large
share Of the reported liabilities. Aside
from this one branch of trade, which
las naturally suffered heavily from
the tardy approach Of winter the
figures show business 20 be on good
foundation.
Holiday retail trade starts of well.
The week has been characterized by
many advances In prices, but the most
significant is the small rise IN boots
ana shoes. which OF all the great in
dustrles has been slowest 70 conform to
the general improvement A larger de-
mand for goods for current consump-
ton IA the report from nearly all d.
rectIons. The dry goods trade re-
covering after recent liquidation, shows
business expanding, but irregularly
aud slowly. Cotton goods show the
best results; fine brown sheetlngs ad-
vanclng from TO $50; bleached shirt
ings from TAI 10 1852 and brown sheet
Ing from 500 70 SIP cents. There Is
little curtailment Of output Of cotton
goods. but some mills which usually
run on export trade are diycrting ma
chlnery TO light weights for home use
Railroad earnings Cor November tc
date show per cent gain over 1899 and
III per cent over 1888.
Good news continues 70 come from
iron and steel sections. Sales Of pig
iron IN three weeks have aggregated
100000 tons at Chicago. and idle
furnaces are going into blast, indicat'
INK much larger capacity now thar
on Nov. /. Buying OF all finished forms
Increases and some orders are placed al
slightly higher quotations. Railroads
are purchasing most literally and ma
chinery is In special demand. AS vel
the advance In cotton goods is notai
all In proportion TO the gain In raw
material.
The wool market Is recovering from
the shock OF heavy failures, and sales
az three chief eastern markets in
creased about 100000 pounds for tbs
week, but prices are somewhat easier
particularly for the cheaper grades
Abundant estimates that the cottor
yield will not reach 10000 600 bales
failed 20 affect prices, for traders ar,
beginning to appreciate the fact that I
decrease In consumption is an unaVold
able concomitant OF unusually higi
quotations. Wheat IA further from I
dollar than at any time since tina
price was predicted by a high author
ity, and the usual rumors OF damag,
from jointing before frost fall as ia
as they have done IN previous years
AS ample corn crop did not prevent
clever manipulation from securing con
troll OF the available stocks at Chicag'
and forcing the price up 70 81 cents fo
the current months delivery. Heayl
receipts Of cattle az Chicago depres
the price, and the average in this mar
yet for live beef fell to 40 agalns
$500 year ago,