The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-07-05
DUN'S TRADE REVIEW.

The Volume Of Business 10 per cent Smaller Tor
the FIRST Six Months than Last Year.
NEW YORK, June Or. G. Dun s.
Co., in their weekly trade review, have
the following: The half year closes
with volume of business at this date
about 10 per cent smaller than of last
year, but larger than that of previous
years. The general complaint that
business is dull means that the reac-
ton from the greater activity of year
ago and from the confident expectation
of last winter is keenly felt
to very many traders who bought
largely in their over confidence
The shrinkage brings serious losses
or actual embarrassment to this cause
is mainly due the increase noted during
recent months in the number of fall
uTes for the past quarter. Failures
number 2,241 in the United States
against l ,905 for the same quarter last
year and in Canada 343, against 315.
In the amount of liabilities that is also
an increase in the United States S29,-
229 $50 against SD ,976 $3.50 last year,
but decrease in Canada of 81, 7S2 ,674
against So ,207 1856 last year.
Prices have declined a little during
the past week, but show at the close
some recovery. Wheat is but quar-
ter lower than week ago, corn cent
lower and oats a cent higher. Frac-
tional gains appear in lard and coffee :,
while cotton has weakened an eighth
and spectators for rise have been
hastily unloading. Oil is about cent
lower and refined has declined an
eighth, bar iron appears shade
deemed possible and better prices are
realized for Bessemer pig at
Pittsburgh. But other quotations
do not improve. No foundry has been
sold for less than SIS at Philadelphia,
and steel rails are unchanged.
Wool remains unusually dull for the
season and the manufacture shows no
signs of recovery. The general aver
| age of prices of commodities is but a
| small fraction lower than a week ago
and if the crop prospects should prove
| less favorable, some advance might at
any time begin.
Accounts from cattle growing re-
eions are favorable, but low prices are
| seriously felt by growers.
The clip of wool does not appear to
have diminished materially, but there
is less readiness to market than usual
because of the belief that prices may
/ improve after congress had adjourned
! The volume of business is good fol
the season at Omaha, Cleveland, Den
yer and st. Paul. but is generally
somewhat disappointing. Complaint:
of dullnesS in trade, and slow collec
tions come from most quarters
though the supply of money il
at almost every point inadequate
In many cases the diversion of capita
to real estate operations some months
ago causes considerable pressure. Tn,
latest reports of exchange show de
crease in the volume of business il
comparison with last year of Is pc
cent. at New York and 10 and pc
cent. outside of New York.
In foreign trade exports fall beloV
last year for June about 81 pc
cent. while imports slightly in
crease. The value of exports fO
the fiscal year has probabl
been about S697 ,OOO, 900 and import
about 1922, zoo, 900 of consequence ha
gone abroad. Uncertainties regardin
the action of congress are quite genel
ally noted as cause of dizziness /
trade.
The failures for the half year endin
June so is mare favorable than til
statement for the last quarter, shown
but slight increase in the number i
the United States and a decrease
, the magnitude of liabilities in Canad;
as follows: United States, 1888. Grs
half failures, $3.50; liabilities, $68, ia
159; Canada, failures, S72; libilitie
81, S02 ,422; 1887, first half, Unite
States, failures 4,912; liabilities S55
} 13S, O92; Canada failures. 721; liabil
y | ties $40, 500. OILS.