Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-07-06
NO CHECK ON TRADE.
Activity in Commercial Circles
Continues Unmolested.
Every Indication Points Encomragingly to
the Future-wages Increased Fewer
Failures Reported for the First
Six Months of 1895.


New YORK, June 29.-R. G.. Dun &
CO. weekly review of trade says:
"The half yearly report of failures next
week will include about 6900 against 7039 for
The first half OF last yenr, and liabilities OF
about SIS, COO 900 against Sl0i,57sl52 last year.
But for the Cordage concern the aggre-
gate would be nearly 23 per cent.
ess than last year, and the manufac-
turing liabilities 90 per cent less, but includ-
ng 1t, the manufacturing liabilities will
be about $40 000,0O0 against sal $40 l02
asst year, and the trading s4s,oOO0oD,
,gainst ,S52345,g7S last year, whlc mis-
against 81 $3.50, 072 last year. The liabilities for
The second quarter will be about Sal, 100000.
| ,gainst S47,SlS,eS3 for the first quarter
his year, but s37,5959IS for the second
luarter of 1894 The railSad receiver
lhips cover II roads, with 1856 miles,
ll09 6S6, 4l0 OF Indebtedness and ss7. 423 53l of
stock Failures in Canada have been about
i,i00 against l,Ui2 last year. Failures for the
past week have been 256 in the United States,
against 214 last year, and 22 in Canada, against
| B5 last year.
Business is tetter, although the crop out
| look, affecting prospects beyond the near fu-
ture, is little less distinct, There is moro
ground for doubt about winter wheat and
cotton than week ago, and threshing re-
ceipts are comparatively low though
I
ceedingly good. The price u Of n
cent lower for the week. is beyond mis-
take too low, II the latest impressions of in
| Jury to winter wheat are correct and receipts
for the week are relatively small
Corn has declined fraction, and pork is
steady. Cotton has fallen 3-l6 to cents in
| spite OF reports OF serious injury by rains IN
Texas and Louisisna. little buying by
northern spinners surprises the market, for
their takings have been more than enough for
| the years consumption and British returns
show q great decrease in exports Of cotton
| goods
Speculation has even spread to the wool
market and with an advance OF about one cent
in prices, the sales have been the largest ever
known for any week-14, ,001,g0O pounds,
against G, ,s35, 600 10 1892 In four weeks of June
sales have been l6 l32,465 domestic and
| T,45l 500 pounds foreign, but in 1892 they were
| l8,340700 domestic and l04275oO foreign A
| growing belief that the domestic crop is
short and an idea that the coming London
sales, beginning July ., will show higher
prices have been more potent than 4 little in
increasing the manufacturing demand, and
the price has risen in all markets.
THE labor troubles are passing with fire.
quent advances in the rate of wages paid.
| Iron still advances. Bessemer selling for si2 &c
| at Pittsburgh and gray forge at $40 so: fur
| tker advance in structural forms is expected,
the western demand for steel rails Mt the ad-
! vance OF 80 per ton is quite good, the rise in
bar is maintained. and plate and sheet mills
are crowded, so that 1t is dificult to place
orders ut current prices.
THE closing OF its contract by the syndi-
cate raises the treasury reserve above 500 00O,-
600, but the certainty that no more gold is to
be imported by the bankers makes foreign eX-
change stronger, and If large part CT the
bonds taken abroad have been resold to
this country, delivered as soon us possible, as
some believe, the heavy mercantile imports
for June at New York As per cent. larger
than last year against exports about per
cent smaller, will render exports OF
gold altogether probable. Money still
comes hither from the west in
amounts averaging about S25O,OO0 daily
and commercial loans are en!arging, particular
ly on iron and other manufacturing paper. The
railroad presidents have again agreed to re.
store rates, which have been disastrously cut
for some time past but railroad stocks have
sharply declined about Sl9i per share during
the past week
The volume OF business represented by ex.
changes through the principal clearing houses
is for the past week 35 per cent larger thar
last year, Il really surprising gain, and only I
of per cent less than in 1892, while the av.
erage for the month is 2s per cent. larger
than last year and IL per cent less than in 1899
THE return is highly encouraging, in spite
OF the comparative magnitude of speculative
operations 1t will be seen that our owr
report OF weSrern and southwestern points are
decidedly more favorable as to crop pros
poets and as to the present condition o.
business than in the current press reports
The confidential reports Of railroad manager!
regarding the crop outlook are also generally
favorable, and with the hopeful Indication.
justified by results within the next few week.
there is strong reason for hope tha
the business of the coming year will be emf.
nently satisfactory in volume and owing u
recent advances in prices and wages more
satisfactory to producers than could hav,
been anticipated u few months ago"
Bradstreet's says:
are the continued large demand for and fur
ther increases in prices for iron and steel
which have surprised even the trade
The jump in rail prices and scarcit!
of and higher quotations for plates
and nails, have tended to pro
duce temporary scarcity Improving whea
conditions have finally convinced man,
in the trade that there are likely to b,
fully 425,000000 bushels harvested II
The United States this year, which
with u probable available surplus o
80 100000 bushels being carried over at thi
time, points to only 100 00o 00o bushels, possibly
ll0,000,0O0 bushels or more, available for eX
port during the next twelve months which 1
less than any year since 1899. With shor
crops abroad, in some instances, this can hard
ly fail to bring higher range OF prices"
Outlook for Winter Wheat Is Bad.
WASHINGTON, June 29.-Winter whca
does not make very good showing il
the June crop report of the statisticiai
of the department of agriculture. ]
% ~ ..~n |.