The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-05
A Study of Business Failures
Decidedly Encouraging.
WHEAT OUTLOOK NOT GOOD.
Western Deliveries Enormous. and
Exports TO Europe Small.
The Threatened Collapse OF the south
African Mining Boom Alarms the
Whole Financial world-Arnerican
Wcolen Manufacturers Crushed by
The Democratic Tariff Law.

litC lS0foCFatlC 1Aftu Law
New York. oct 4--R. q. Dun a Co.'S
weekly review OF trade. which issues to-
morrow. viii say. Commercial failures IN
the third quarter OF 1895 were 2.Gsa, with
liabilities OF SSl l67. .I79. averaging t,62i per
firm, against sl002S last year, about Is per
cent. more. The rate OF commercial NOR
tality is 2Si failures in a quarter for every
1850 firms in usiness, which Is lower than
last year, and the proportion OF defaulted
liabilities TO the solvent business repre-
Sented by payments through clearing
houses is but s. "a per si.o0o. against s2.g
last year. The defaulted liabilities per
firm in business average S16aa. against
$@6.S9 last year. The defaulted liabilities
OF the manufacturing class average $2n.Se5.
against sis.96S in tho same quarter last
year. and in trading SSa15 against ss.4ss
last year. The banking failures. not in
cluded above. have been 81, with averages
liabilities of Sii9Dnn. against Sll0,a2s last
year In the third quarter. when failures
are usually low, the average Of liabilities
in prosperous years falls below sio.eeo. the
number below two in CO.. firms, the de-
faulted liabilities below 81 per 81 OF ex-
changes, and below SIS per firm in bust
ness. Thus the analysis indicates a condi-
tion approaching. but not yet reaching.
one OF general prosperity.
The failures have been 20, IN the United
States. against 2fa last year. and IL in
Canada. against % last year.
Highly important comparisons OF prices
for the business week show about Septern-
her 80 the lowest range ever known for
wholesale prices Of all commodities. not
withstanding advances since March of %
per cent in cotton goods, 80 per cent. i'm
boots and shoes. and s. per cent i'm iron
and steel products. In woolen goods there
has been scarcely any advance. and in all
food products. taken together. a fall OF II
per cent Comparisons show fall in food
products OF 90 per cent. in the Eve years
since October. 1S%l. in Woolen goods % s
per cent; in iron products le.4 per cent:
and in cotton goods T.. .56 per cent. while
boots and shoes are 4 little higher and
leather and hides much higher than figo
years ago.
The cotton market has mounted above
cents. and holds IN spite of realizing but.
as the crop is late and quite largely held
hack. does not vet feel the influence OF the
receipts natural at this date Reports ot
injury and lower estimates of yield hava
impressed all minds while few remember
the stocks brought over Receipts are
growing. but for the month have been ESQ.,
COO bales less than last year.
Wheat Is a shade weaker. Western re-
ceipts have been Z. $50. .494 bushels. against
4.4S7.l .l04 last year. while Atlantic ports
have shipped only l.03S l7a bushels. against
.4N3 last year. corn Is nut little lower.
though beginning 10 move largely.
The Pennsylvania railroad has ordered
4.ol0 steel rails and other roads S5.ooo. hut
tho steeimRkers having bought their pig.
BesEemeT is lower and also gray forge. aud
the demand for finished products Is de-
cidedly smaller. so that tho average OF
iron prices turns downward for the first
time since FEBRUARY. The coke workers
gain per cent more wages, and coke is
raised Is 20 r. per cent.
Wool speculation continues, with enor-
nous transactions. n. 96s. 000 pounds for ths
week and for the month Is. e3g170 pounds.
OF which ia165.700 were domestic against
81 IS 900 in 1892 Of which 2sis2.-
90 were domestic. but the average
Of 1oi quotations is cent lower than
a month ago. The manufacturers are do
ing We'll In dress goods and many specials
ties. but have lost n large share of busi-
ness in mons woolens, and wool IL pes
cent higher. and goods per cent. lower
than year ago.
Bradstreet's stock Report.
Bradstrect's stock review tomorrow will
say Relief from the constant gold with
drawals has been followed by an easier
tone Of speculation and by an Irregular
Improvement in stock quotations. but at
the close Of the week hear!sh Influences
have reappSared. in sympathy with fears
Of a collapse Of the mining shares boom In
London and Paris. The drop IN exchange
rates was even more sharp than had been
expected. and al tho close - the week
there was a natural reaction from the de-
cline in that market the rates being suffi-
ciently low 60 prevent gold shipments.
While this Influence has been beneficial
10 the New York stock market. Tire aeiiv-
itv has been almost altogether professional
and has not attracted foreign buying. Ths
principal advances have been I'm stocks d.
recflv under clique guidance. or those I'm
a. ia a-faa 4naene
themselves. Europe stu shows a dlslncli-
nation 10 notice American speculativez.
and az the close of the week the London
market was disturbed by a liquldating
tendency in mining shares The Undated
speculation IN such securities has indeed
become menace 90 the financial world.
Rrad~treet's Review of Trade.
Bradstreets tomorrow will say: Sea-
snnahie weather has stimulated sales os
merchandise and Increased tire prospects,
OF fav0rsble fan trade generally. Among
the less favorable features arc a mo8efats
demand in staple lines on the Pacific
coast. a reaction tn The volume of business
AZ Baltimore and the check in advancing
prices II iron and steel with a reaction &c
about - rer ton ~ ohio Valley and Penn
svlvanis ceuters. Prices fcr iron and steel
AZ Western eenteTs are firm. srN dealers
are sad 20 be z0ld about eight months
ahead Mercantile collections are very
generally fu nrHVe9s more PARTICULARLY IN
the South Georgia and Texas merchants
and farmers being conspicuous Sor Iiqui-
datiou of Indebtedness and anticipating the
ravuenf of commercial paper. The general
drv goods trade has improved with more
favorable weather Tbs unfavorahle SPOT
is mems wear ana wooiens the spring saie
FOR which vas unsatisfactory. owing %
foreign competitlo1. The conditions In The
south are improving With the free move
meat ~ cotton ard the high prizes of ths
staple
p,xnorss ~ wheat four included a.
wheat from hoth coasts cs the United
states snd Canada. amount . zsf19g
bushels Last week the total was 8lal.-
80 .o7e year ago 2.ef8 0n9 bushels. tao years
ago 80 30 bushels. and three years AKA
4m1 90 bushels