Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1895-10-10
TRADE REVIEW.
Commercial Failures for the Third
y, Quarter Of 1896.
Low PRICES OF WHOLESALE GOODS
1hs Cotton Market HighsF-Whsata shade
wsaksr-Cern = Little Lewsr-Ths
IFsa Market Lowsr-Enornous
Transactions II WooL

NEW YoRK, Oct s.--R G. Dun 4 Co. q
Weekly Review Of Trade says: Com.
mercial failures in tho third quarter Of
1895 were 2,79o, with liabilities Of 49,.
l67,i7s, averaging sli,7sl per firm,
against slo,o2S last year, about Is per
cent more. The rate Of commercial
mortality, 2N failures In . quarter
for every 1000 firms In business, 10
lower than last year, and the pro.
portion Of defaulted liabilities to
the solvent business represented
BY payments through clearing houses
10 but s4s par $1,000 against q n last
year The defaulted liabilities per
firm In business average s?a02 against
sea 80 last year. Tho defaulted liabil.
tiles Of the manufacturing class aver.
age SEQ, S65 against el0, 763 In the same
quarter last year; In trading ss,s77
against 50, 443 last year; and the bank.
Ing failures, not included above, have
been 81, with average liabilities Of
sll4,OOo against slloos6 last year. In
the third quarter. when In failures the
average liabilities in prosperous years
falls below $40, the number below
two in 1000 firms, the defaulted liabil.
tiles were below Sc per 81, 900 exchange,
and below ss5 per Arm in business.
Thus the analysis indicates . condi.
ton approaching, but not yet reach.
ing, one Of general prosperity. Highly
important comparisons Of prices this
week show, about September 80, the
lowest range ever known for Wholesale
prices OF all commodities notwith.
standing advances since March Of
20 per cent. in cotton goods,
40 per cent. in boots and shoes
and 50 per cent. In iron and steel
products, while In wooden goods there
has been scarcely any advance, and 10
all food products taken together fall
OF II per cent. Comparisons show
fall In food products Of 2a2 per cent.
In the Eve years since October, 1890, In
wooden goods 22.5 per cent, in iron
products 1874 per cent and In cotton
goods 1856 per cent, while boots and
shoes are little higher and leather and
hides much higher than five years ago.
The cotton market has mounted ups
cents and holds in spite OF realizing,
but as the cropis late and quite largely
held back, does not yet feel the inAu-
,nce Of the receipts natural at this
late. Reports Of injury and lower ea.
Inmates of yield have impressed all
minds, while few remember the stocks
brought over. Receipts are growing,
out for the month have been 255,O0o
'ales less than last year.
Wheat is shade weaker while west.
I'm receipts have been 8, $50, 494 bushels
Igainst 4,4S7, 104 last year, while At.
antic ports have had only 1888, l7s
'ushels against 2,7Ol, 4se last year.
'orn Is but little lower, though begin,
ng to move quite largely.
The Pennsylvania has ordered 10000
ons of steel rails and other roads s5,.
90, but the steel makers having bought
heir pig, Bessemer is lower, and also
ray forge, and the demand for fin.
shed products Is decidedly smaller, so
hat the average OF iron prices turns
ownward for the first time since Feb.
uary Coke workers gain per cent.
lore wages, and coke is raised IS to 49,
Wool speculation continues with
normous transactions, lOs, 6O9, 900
ounds for the week, and for the
lonth $3.50, S6l, 700 pounds, Of which 49,.
I5,7O0 were domestic, against $685..
70 in 1892, Of which SO, 1877, 800 were do.
lestic, but the average Of lO4 quota.
ons Is l cent lower than month
20. The manufacturers are doing
ell In dress goods and many special.
es, but have lost a large share Of
usiness in mems woolens and wool Is
per cent. higher and goods2 per cent
wer than year ago.
Failures In three days have been 2O7
the United States, against 21e last
,ar, and Al in Canada, against 40 last
,ar