Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-07-11
DuN's COMMERCIAL REVIEW.

Statistics of Failures. Past and Present,
Interesting Facts for Tradesmen-Dis-
tincsly Better Crop Prospects Indicated
Tho Advance In Iron Continues with
Wool Stronger and Cotton Goods Still
Advancing.
NEW YORK. July 6.-R- G. Dun & Co.
in their weekly review of trade, issued
to-day, say:
There were 6.657 commercial failures
in the first half of 1895. against 1909
in the first half of 1894, and 6,401 in
the first half of 1893. These CONNER
cisl failures involved liabilities of sss, :
sS9. 944 this year, against SOL, 739. 3O6
last year, and S16s, 1874, 444 in 1893.
Comparisons by quarters for twenty
years show that the average of liabili.
ties per failure. s14,27O for the past
quarter against an average of S13, 343
for the second quarter in previous pros
porous years, was 1874. 80 for every firm
in business against $27.53 for the
second quarter of previous prosperous
years and that the ratio of defaults to
payments through clearinghouse was
e3.04 per 81 900 against 81. "a for the
second quarter of previous prosperous
years In times of disaster, ss7.11 per
quarter has been the average of de-
faulted liabilities per firm in business,
and 81. 36 per $1,000 solvent payments.
Manufacturing failures for the half
year were 1,254 against 1, sol last year,
and liabilities $40, Sol. 949 against SAL
576, 102 last year and about $50. 900, 900
in the first half of 1892
Trading failures for the half year
were $685., against 5,4Oa last year and
hi 0on x
last year, and about SCI, 900, 900 in 1892
Manufacturing failures were 6 of
per cent. of all manufacturing con-
Germs, against 40 last year. with liza
bilities averaging s1s for every con-
Germ. against SLIT last year.
Trading failures were GA of / per
cent. of all firms in business. against
IA last year, with liabilities averaging
only S54 for every such concern in
business, against s62 last year.
Banking failures, not included in
above statements, were 63, with liabili-
ties of SIG, 653. 276, against 63 last year,
with liabilities of 13,Os4. 461.
The details show decrease in every
class of failures in the second. COM
pared with the first quarter of 1895,
both in number and magnitude, the
defaulting liabilities averaging S34
against $40 for every firm in business,
and So. o. against 81. O3 for every 81, 200
solvent payments
The midsummer reports from all
commercial centers, to which more
space is given than usual, are of espe-
cial interest, covering the questions
on which the future business depends.
They indicate distinctly better crop
prospects than other official or COM
mercial accounts, a marked increase in
retail distribution of products, an act
i've demand for goods, and a general
enlargement of the working force,
with some advance in the wages of
more than half million hands. At
the same time they show that the
rapid advance in prices has somewhat
checked buying of few classes of pro-
ducts in every part of the country. and
the outlook for fall trade is considered
bright
Nothing disturbs the money market.
The government begins the new fiscal
year with more than the required gold
reserve, and the disbursement of
nearly $4,000, 900 by corporations in
interest and dividends will stimulate
business in many branches.
The latest agreement of railroad
presidents is treated at Chicago as
meaning more than usual and ship
ments have increased, amounting for
four weeks to 2os, s77 tons east-bound,
against 1877, 800 last year and EOS, 11s in
1893. &.
Earnings of railroads in June, thus
far reported, amount to S23, $50, $40 in
the United States and are 6.s per cent.
larger than last year, but 1877 per cent.
less than in 1893.
The advance in iron continues, and
the Thomas company has raised an
thracite No. 1 another 81 per ton.
Comparison of prices for various iron
products shows an average ranging
from 1872 per cent. since February for
wire nails to IL per cent. for anthra-
cite pig and in all kinds averaging 90
per cent. The demand and rise have
come so suddenly that, even while the
first order for shipments of steel bill
lets to Europe, given some time ago.
when prices were low, is being an
nounced. the prices here have adj
vanced from SIT in April to S22. IS, or
about 81 per cent.
Wool is stronger both here and
abroad, the London sales opening
July at higher prices, and the aver
age for iO4 qualities of domestic wool,
quoted by Coat & Bros, has risen
| nearly half a cent since June 30.
Cotton goods also continue to adj
vance and the mills are generally well
employed.
Speculation has advanced cotton
| three-sixteenths, though the crop news
is favorable, but has depressed wheat
| cents in spite of estimates that the
yield has been materially reduced
since June 1. Every year the crop re-
ports are having less influence, and
the time is ripe for the radical change
in government estimates which the
| department proposed. The year
closes with more than $500, 900 bales
American cotton available here and
abroad and with at least Is, 900, 900
bushels surplus wheat, although some
make the quantity 10000, 900 bushels
larger. The crop of oats is certain to
be large, and the prospect for corn has
greatly improved within the past few
| weeks.
Il