The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-10-05
PRESAGE GOOD TIMES
Figures Which Show That They
Are on the Way.
A Comparison With Last Year
is Very Gratifying.
FAILURES ARE LESS.
Not Nearly So Many Business
Enterprises Go Under.
Wholesale Prices Are the Low
est Ever Known.

New YORK, Oct. 5.-R. g. Dun &
Co.'s weekly review of trade says
Commercial failures in the third quar-
ter of 1895 were arse, with liabilities
of $50, 167, 179, averaging $11,72l per
firm, against $40, 02s last year, about
10 per cent more. The rate of COM
mercial mortality, a.34 failures in a
quarter for every I, 900 firms in busi-
ness, is lower than last year, ana the
proportion of defaulted liabilities to
the solvent business represented by
payments through clearing houses is
but .. 40 per $1,000, against 2.77 last
year. The defaulted liabilities per
against S26 80 last year. The de-
faulted liabilities Of the manu-
featuring class average $40, sos, against
$19. 1853 in the same quarter last
year; in trading, IS, 577, against S., 443
last year; and the banking failures,
not included above, have been thirty
one, with average liza bilities of $ll4,-
600, against $11O,O3 last year. In the
third quarter, when failures are
usually the average of liabilities in
prosperous years, falls below $4,000;
the number below two in ,0G0 firms,
the defaulted liabilities below So per
Sl,OOO 0ACud120s anu OClOW DO per
firm in business. The analysis in
dicates a condition on approaching, but
not yet reached, of general prosperity
Highly important comparisons of
prices this week show about Septem-
Der the lowest range ever known
for wholesale prices of all commodi-
ties, Notwithstanding advances since
March of go per cent in cotton goods,
40 per cent in boots and shoes, and SO
per cent in iron and steel products,
while in wooden goods there has been
scarcely any advance, and in all food
products taken together fall of II
per cent. Comparisons show a fall in
food products of S3.2 per cent in the
five years since October, 1890; in wool
en- goods, p. per cent: in iron pro-
ducts, 1914 per cent, and in cotton
goods, -. So per cent, while boots and
shoes are a little higher and leather
and hides much higher than five 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 back,
does not yet feel the influence
of the receipts natural at this
date. Reports of injury and lower
estimates of yield have impressed all
minds. while few remem Der the stocks
brought over. Receipts are growing,
but for that month have been 255, 900
bales less than last year. Wheat is a
shade weaker, while Western receipts
have been $3.50. 494 bushels, against
4,4o7, 1O4 last year, while Atlantic eX-
ports have been only Loss, 179, against
2,79I,4 S9 last year. Corn is but little
lower, though beginning to move
quite largely. The PENNSYLVANIA has
ordered 40. 600 tons of steel rails. and
other roads 5000, but the steelraal1ers
having bought their pig, Bessemer is
lower. and also gray forge, and the
demand for finished products is decid-
edlv smaller, SO that the average of
iron prices turns downward for the
first time since February.
Failures for the week have been 2O7
in the United States against PIG last
year.