New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-06
BRIGHTER PROSPECTS.

The reports Of the commercial agencies grow
Ing every year more complete, bear strong tesii-
mony TO the improvement In business. The de-
tailed report Of failures In "Dun's Review
shows a decrease Of nearly 1000 in the second
quarter Of 1895 compared with the first quar-
ter. and decrease Of SG.S0O.000 in liabilities.
II states that the commercial liabilities were
SIS. S39,9A for the haf-ycar against Sl0l .739,-
500 last year. and S1GS So. 4A in 1884, the aver
age per failure S1437O for the last year. against
S37 si in the same quarter Of 1893, and the aver
age Of dcfaultcd liabilities to each firm in bust
ness s}4 s. against s;3 "a for the same quarter
las, year. and $1Ol 81 FOR the second quarter In
1888 Another Interesting table shows the ratio
of defaulied liabilities FOR twenty years 10 pay
mcnts through clearing houses, being So o. for
every $1,000 for the last quarter, and 81 50 for
the second quarter Of last year. and IS ~ per
81 900 for the same quarter In 1S.3.
More extended reports than usual from all
commercial centres also given, and these
show that the crop prospects are regarded by
trained and unbiased observers as much more
cheering than most Of the speculative reports
indicate. The injury TO winter wheat is reported
large in few States, in one reaching nearly half
the expected crop. but In most States 1t Is com
parativcly small while the yield Of spring wheat
promises TO be extremely large 1t IS Significant,
too. that while dispatches from Texas to brokers
and spectators tell every day OF general de-
struction Of cotton there. the telegram from Dun
Co.'S agent NJ Dallas says Some farm
"crs claim 10 have abandoned cotton. but this
lis true onlv I'm few instances. the larger plant
"ers being very sanguine" While the reports
show that The crop will be much smaller than
that OF last year there Is good ground for hope
that the producers IL the South Will get fair
return from their reduced acreage, and mean
while the more general diverslhcaiion OF crops
will help them in other respects.
Two wears ago every day brought dispatches
about breaking banks and reduced wages. Now
every day adds 10 the number Of establishments
which have voluntarily advanced wages. al
though Us "Thc Daily Dry Goods Record" piihlly
observes the hands IN textile mills would have
TO be earning an average Of $1,000 each per year
in order TO gain as much In wages as some news
papers report they have gained. But frantic
exapgcratons do not affect the fact that about
half a million workers getting better wages
than they were when the enactment of a thor
oughly Democratic tariff was threatened. The
failure OF the Democrats TO carry ont their own
IDEAS and threats proved a blessing TO a great
army Of workers. even though there are some
millions more whose wages have not been raised
as yet.
Another cheering fact Is that the demand for
goods continues large in spite Of the great ad-
vance In prices Of many 1t Is shown that iron
products have risen on the whole % per cent
from the lowest point and most works now in
operation are fully supplied with orders. The
| % l,.t o,1c Ser N 20
to quotations furnished by The Shoe and
Leather Reporter an average OF 2'ha per cent,
and. although some cities report decrease In
sales. shipments from the East are on the whole
the largest ever known at this season The re-
tail distribution Of products is generally good
throughout the country. and 1t brigh'cns rapidly
in the farming regions as the crop prospects
brighten