The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1900-12-07
TRADE REPORT.

TRADE HEPOkT.
New York;. G. Dun Co.'S Week
ly Review of Trade for last week is as
fellows:
Commercial failures In November
were $50 in number and s12,300,31G in
amount of liabilities, against 1872 in Oc-
loter for $9,007,791, and 1856 in Novem-
only $S,046,848. Manufacturing de-
faults were but 1872 IN number AMI
So 883,16 in amount, the bulk of the
mortality occurring in thading con-
Germs, of which 617 failed for $750C.
1853. There were 40 other commercial
failures, with liabilities of $910793.
Four banking and financial companies
defaulted for $S23,000 At first glance
the November statement appears very
unsatisfactory, but it must be remem-
bered that few heavy failures in wool
and other textile industries account for
large share of the reported liabilities.
Aside from this one branch of trade.
which has naturally suffered heavily
from the tardy approach of winter, the
figures show business to be on a good
foundation.
Holiday retail trade starts of well.
The week has been characterized by
advances in prices, but the most sig
nificant is the small rise in boots and
shoes, which of all the great industries
has been slOwest to conform to the gen.
eral improvement. A larger demand
for goods for current consumption is
the report from nearly all directions.
The dry goods trade, recovering fater
recent liquidation, shows business ex-
banding, but irregularlv and slowly.
Cotton goods show the best resuics,
fine brown sheetings advancing from
6 to 6 20; bleached snift.les from. TAI
to 1852 and brown sheeting from ) to
51a cents. There is li0t'e Curtaliment
of output of cotton goals, but some
mills which usually run on export
trade are diverting machinery to light
weights for home use. Railroad earn
ings from November to date show per
cent gain over 1899 and Ill per cent
over 1898. Good news continues to
come from the iron and steel section.
Sales OF pig iron in three weeks have
aggregated 100000 tons at Chicago, and
idle furnaces are going into blast indi-
eating much larger capacity now than
on November 1. Buying of all finished
forms increases, and some orders are
placed at slightly higher quotations.
Railroads are purchasing most literally
and machinery is in special demand.
AS yet the advance in cotton goods is
not at all in proportion to the gain in
raw material The wool market is re-
covering from the shock of heavy fail
ures and sales at three chief eastern
markets Increased about half million
pounds for the week, but prices are
somewhat easier, particularly for the
cheaper grades. Abundant estimates
that the cotton crop will not reach TO-
100000 bales failed to affect prices, for
traders are beginning to appreciate the
fact that decrease in Consumption is
an unavoidable concommittant with
unusually high quotations.
Wheat is further from a dollar than
at any time since that price was pre-
dicted by a high authority, and the usu-
al rumors of damage from jointing be-
fore frost fall as fiat as they have done
in previous years. An ample corn crop
did not prevent clever manipulation
from securing control of the available
stocks at Chicago and forcing the price
up to 81 cents for the current months
delivery. Heavy receipts of cattle at
Chicago depressed the price and the
average in this market for live beef
fell to $40, against $500 a year ago.