The record-union., 1895-07-06

EEW YORK, July 5.-Bradstreep To-
morrow wiu say: notwithstanding the
week is broken by 8 holiday, favorable
trade conditions heretofore reported con
tnue to exercise q pronounced influence,
prominently general advances in prices
of staples and in wages Of industrial em-
ployes. The extent OF the voluntary ad-
yauces IN wages reported within month
or two has outgrown the resources OF
voluntary statistical bureaus which have
endeavored to keep track Of them, latest
sdvices being that more than l,000,003 in-
dRstrial workers have received an ad-
vance averaging about 10 per cent.
Among the list OF staples for which prices
are lower are wheat-Aour, wheat, corn
and oats. in all instances the outcome Of
improved crop conditions. Pork aud lard
are also lower, as are potatoes and but-
ter.
The United States and Canada carry
over co. l11, 600 bushels OF available wheat
In this. the new cereal year, about 70 per
cent less than one or two years ago. In
eix months these stocks have declined
Is. 600 bushels, the heaviest on record
for like period, and IN the face OF net
increase OF suGn stocks in the latter hail
Of 1894 Of fully $50 000,o00 bushels. Euro-
uean stocks Of wheat ia store and aHoat
are 20. 760 600 bushels, decrease Of only
5,G00, 900 and 100000 bushels, respect-
iyslv. from one and two years ago.
American. Canadian, European and
Australian stocks Of available wheat
July /, 1895, was reported 10 be 1861 900
bushels. against 150, 3l3 600 bushels one
yesr ago: I57, POS, GOO bushels two years
sgo: IO2, 056 000 bushels on July l, 1892;
IS 600 050 bushels on July l. 1891, and
smaller quantities in previous years.
Exports Of wheat ,fiOur included from
both costs Of the United States and from
Montreal amount TO 2. 007, 900 bushels this
week, against /, ,945,000 bushels last week,
1,850 009 ia the week q year ago. 3,577,000
in the first week OF the new cereal year
ia 1893, =, 600, 900 in 1892, and 2,225,00 ia
1891.
LESS FAILURES THAN LAST YEAR.
NEW YORK. July 5.-R. G. Dun d Co.
IN the Weekly Review Of Trade to-mor-
rev viii say:
There were {, 1857 commercial failures in
the first half OF 1895. against ,059 IN the
first half Of 1884, and 6,40i in the first half
of 1888 These commercial failures in
volved liabilities OF SIS 3S9, 944 this year,
against SOL, 739, ,306 last year. and Sl63,
S55, 443 IN 1888.
Comparison by quarters for twenty
years show that the average of liabilities
per failure, SI4,27 for the past quarter,
against al average of Sl3, ,443 for the sec
oBd quarter IN previous prosperous years.
was S34 80 for every hrm in business,
against 81 03 for the second quarter OF
previous prosperous years. IN times OF
disaster So7 II per quarter has been the
average Of defaulted liabilities per firm in
business and 81 So per $1,000 solvent pay
lnents.
Manufacturing failures for the half
I /
and the liabilities so, ,30l, $40, against
SlI ,376 I02 last year and about 89,0J0,0O0
III the first half Of 1892 Trading failures
for the half year were 5.335, against !, ,402
last year. and liabilities S45, 669. $50, against
So, 545,9lS last year, and about S6l, 100000
IN 1892
Manufacturing failures were in number
IS Of ] per cent. Of ali manufacturing con-
Germs, against IL last year. with liabili-
ties averaging Sll3 for every concern,
against SII7 last year Trading failures
were .64 of / per cent. OF ell firms in busi-
ness, against 81 last year.
Banking failures not included in above
statements were IS, with liabilities Of
Si6.653, ,276, against 63 last year, with LA
biIities OF So. IS4, ,46l. The details show
decrease in every class of failures IN the
second, compared with the first, quarter
of 1886, both ia number and magnitude,
the defauliing liabilities averaging S34,
against $40 for every nrm IN business,
and S. o. against 81 05 for every 81, 900 sol
vent payments.
The midsummer reports from all COM
mercial centers, to " hich more space IS
given than usual, are of special interest,
covering the questions on which the
future business depends. They indicate
distinctly better crop prospects than
other official or commercial accounts, q
marked increase IN retail distributing of
products, an active demand for goods
and an enlargement Of the working force,
with soma advance in wages of more
than half q million hands. At the same
time they show that the rapid increase in
prices has somewhat checked buying of
3 few classes of products.
In every part OF the country the out
look for fail trade is considered bright.
The latest agreement of railroad pres-
dents is treated at Chicago as meaning
more than usual. and shipments have in
creased. amounting for four weeks TO
20S.ST5 tons eastbound, against lS7 800 last
year and 20s, lis in 1888. Earnings of rail-
roads in June thus iar reported amount
70 81. .0So, SO in the Y United States, and are
COS per cent larger than last year. but
35.7 per cent less than ia 1892.