Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-10-04
uw....,r
FAILURE RECORD.
For Three Months They Number $500
with Liabilities OF e3O,OOO,OOO.


New YORK, Sept. 2S.-R. q. Dun &
Co.'s weekly review OF trade says:
1.-THE full statement of about $500 CONNER.
cial failures for the third quarter OF 1893 will
he published next week. and will show liabili-
ties OF about ESQ 900 00o OF which about Gil OOO-
have been OF manufacturing and 81, 900 Of
trading concerns. In the same quarter of last
year the failures were 2,e6s. and the liabilities
te9,4li,lee, OF which a., 1871 s92 we're of manu-.
featuring and a15,l8l ESQ OF trading concerns.
The weeks reports are highly encouraging as
to monetary matters, although exports Of gold
still continue ana also as to the cotton manu-
facture, but not as satisfactory regarding iron,
wooden, leather or silk manufacturers
1.-The speulnction In cotton has lifted the
price ave-eighths during tho past wcok anu
quotations here ore 80 much higher than at
Liverpool that free exports cannot be expect
cd. 1t seems no longer possible to hope for
good crop. and Mcill Bros have issued cir
cular predicting Yield Of only 1000, 900 bales.
The accounts OF injury and loss grow moro
dismal each week, and while they may be
somewhat exaggerated, the general outlook 10
decided unfavorable But for tho e1truordin-
airy supplies carried over from last year, the
manufacturer here and abroad would be In
trouble But prices Of goods rise each week,
adding to the profit OF mills, which, on both
sides OF the ocean, can use for some time to
come only cotton bought at low prices. 1t Is
not clear how far tho consumption will sup
port the manufacture at the present rate and
at present prices for goods, though the de-
mand from dealers is naturally urgent, while.
the market for the raw material is constantly
rising There is still some chance of strike
In Fall River mills. though the rise in prices
will make 1t easier for the mills to grant some
advance in wages
Nothing is clear about the iron and steel
manufacture, but some Of the largest Pitts
burgh concerns, protesting to have orders for
many months ahead, are bidding for small
contracts In eastern markets ut 81 to 81. 20 per
ton less than the quoted rate Some say that
II Is done to depreSS the market, and again IL
is thought that the object may be to buy ma
teriuls but contracts have been made at tho
Gust for $50 900 tons OF foreign ore to be used
In Bessemer iron making OF eastern fur
naces, and the termination OF the Marquette
strike sets free about 100000 tons more of Bes-
semer ore within the period OF lake nnviga-
ton. The strike Of coke workers ut Connells-
vile seems to have been avoided The Iron
Age reasons that nothing can explain the sit
uation except some large movement in steel
rails not yet made known. For the first week
In many months the average OF prices OF iron
and steel products shows no change whatever,
though the demand for finished products 10
distinctly reduc ed.
they were some weeks ago, cause some dis
quiet In view OF the disbanding Of the bond
sy indicate. Money has gone to the interior
rattle largely. and there is considerable in
crease IN volume Of commerciallo loans Stocks
bavc slightly declined for railroads during the
week, though the market shows much stub
borlness, and trust stocks average d cents
per share higher than u week ago. but arc now
growing stronger in tone
Failures for the week have been PIG In the
United States against 235 last year, and SO in
Canada, against IS last year"