The herald., 1895-07-06
LOCAL FIELD OF COMMERCE
Commercial Agencies Weekly
Report of Trade
INDICATIONS ALL PROMISING
Crop Reports Of Late Show Decided
Improvement
For Iron the Most Noticeable Feature
of the Past Week

| of the Past Week
NEW YORK. July 5.-R. G. Dun &
Co.'S weekly review of tomorrow will say !:
The midsummer reports from all COM
mercial centers are of especial interest,
| covering the questions on which the
| future of business depends. They indi-
cate distinctly better crop prospects than
other official or commercial accounts,
marked increase in retail distribution Of
| products, an active demand for goods
and a general enlarg OF the work.
ing 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
the buying of few classes Of products.
In some parts of the country the out
look for fall trade is considered bright.
| Comparison of prices for various iron
products show an advance ranging from
1912 per cent since February for wire
nails, to I'll per cent for anthracite pig
in all kinds averaging % per cent. The
demand and rise have come so suddenly
that even while the first order or ship
ments of steel biliets to Europe. given
some time ago when prices we're low as
before announced, the price here has ad-
vanced from sl7 in April to $22.25. or
about 81 per cent.
| Wool is stronger both here and abroad.
The London sales opening July I'd at
higher prices and the average for lO4
| qualities of domestic wool quoted by
| Coates Bros. has risen u cent in June.
Sales have been enormous. though largely
speculative, but exceeding those of May
and June in any previous year. being 26.-
| 9S7. 6l3 domestic and 7,4S7, 100 foreign,
| against "a, 2S2, 4UO domestic and 1868, $50
foreign :or 1894.
There is growing recorder demand for
kinds of light weights have been opened
with notable Irregularities in prices,
some lower and others higher than last
year. But the manufacture is better sus-
tanned thus far than expected and the
feeling is very hopeful, especially as
labor troubles have substantially ended.
Prices Of cotton goods continue to 40.
vance and the mills are generally we'll
empoyed. Speculation has advanced cot
| ton 3-16, though crop news is favorable,
but has depressed wheat cents in spite
of estimates that the yield has been ma
terially reduced since June 1st. Every
year the crop reports are having less in
| f1uence and tho time is ripe for the radi-
| cal change in government estimates
which the department proposes. The
year closes with more than q 60U. 900 bales
| Of American cotton available here and
abroad, and with at least 65, 200, 600 bushels
| surplus wheat. although some make the
quantity 80, 600, 600 larger.
The crop of oats is certain to be large
and the prospects for corn have greatly
improved within the last few weeks.
| There were $3.50 commercial failures in
the first half OF 1895, against 1889 in the
| first half of 1894 and 6401 in the first half
| Of mi fQilnraq n
volved liabilities of $SS, S39, 944 this year.
against $101, 739, 30 last wear and y188, 864, :
440 in 1893. Manufacturing failures for
| the half year were 1854, against 1901 last
year. and Liabilities of $40. 3o1, $40 against
N1, S76 lO2 last year .e and about $Se' ooo'ooo
Trading failures for the half year were
5535, against 5402 last year, and liabilities
| $40. .669 $50 against So. 345, 97S last year
and about $6I, 900. 600 in 1882. Manufac-
turing failures were in number SO of
per cent of al. manufacturing concerns.
against 40 last year, with liabilities aver
aging $113 for every such concern.
against $l17 last year. Trading failures
were "a of per cent on all firms in busl-
ness against ga last year. with liabilities
averaging only $54 for every such concern
in business, against $26 last year.
Banking failures. not Included IN above
statements, were 63. with Liabilities OF
SIG, 653. 276, against 6S last year with liza
bilities of SIS, 1S4, 46l.
The details show a decrease in every
class of failures in the second compared
with the first quarter of 1895, both in
number and magnitude. and defaulting
liabilities average $34 against $40 for every
firmhin business, and $3.04 against $4.3 for
every $1,000 solvent payment.
= = r
Bradstreet's report says: Notwithstand
ing the week is broken by a holiday, fav-
orable trade conditions heretofore re-
ported continue to exercise pronounced
influence. General advances in price of
staples and wages of industrial enter
tent of the voluntary advance in wages
reported within month or two has out
grown the resources of voluntary statisti-
Gel bureaus which have endeavored to
keep track of them. The latest advices are
that more than 1000, 200 industrial work.
ers have received an advance averaging
about 10 per cent.
At the east the most active trade is re-
ported from Pittsburg, where the revival
among the iron and steel industries has
stimulated trade in almost all lines. At
the west the most favorable condition OF
business is reported from ST. Louis. and
the incentive appears to be uniform, re-
ports of favorable crop prospects through
out the region tributary to that city. No
| material improvement is reported from
the south, rains continuing to be damag
ing to agricultural interests and to check
business III Texas. while at the south At
antic and Gulf state cities the quiet
| move of staple goods ana fair or unsatis-
factory collections Of the past month or
two continue. But advices from nearly
aiscities reported appear to agree that
wholesale dealers in nearly all lines are
greatly encouraged as to the outlook for
business during the autumn. believing
the demand will be greatly stimulated by
the very general, amt 1t Is believed per-
| manent. improvement in prices.
Exports Of wheat (four included as
wbeat) from both coasts OF the United
States and from Montreal amount to 9.
! 900 last week and 1850, 900 in the week u
year ago; 1865. 900 in the first week of
July, 1885, 2,060,000 in 1892 and 1925. 600
in 1891.
n.