The record-union., 1895-07-06

New YORK, July 5.-Bradstreets to-
morrow VIII say: Notwithstanding the
week is broken by holiday, favorable
trade conditions heretofore reported con-
tinue to exercise pronounced influence,
prominently general advances in prices
of staples and in wages of industrial en-
ployes. The extent of the voluntary ad-
vances in wages reported within month
or two has outgrown the resources of
voluntary statistical bureaus which have
endeavored to keep track of them, latest
advices being that more than ,000 900 in
dustriai workers have received an ad-
vance averaging about 10 per cent.
Among the list OF staples for which prices
are lower are wheat-flour, wheat, corn
and oats in all instances the outcome OF
improved crop conditions. Pork and lard
are also lower, as are potatoes and but
ter.
The United States and Canada carry
over COIL 600 bushels OF available wheat
in this. the new cereal year, about 20 per
cent. less than one or two years ago. In
ak months these stocks have declined
&C. 900, 900 bushels, the heaviest on record
for a like period, and in the face of a net
increase of such stocks in the latter half
of 1894 of fully $50. .000,000 bushels. Euro
pean STOCKS OF Wneat III stoTS anu duOdt
are 20, 100 600 bushels, decrease OF only
5000, 900 and 100000 bushels. respect
lively, from one and two years ago.
American, Canadian, European and
Australian stocks of available wheat
July l, 1885, was reported to be l36, 600
bushels, against l50. $4,000 bushels one
year ago; 157, ,20S, 900 bushels two years
ego; 102. .056000 bushels on July l. 1892:
SS, 200, ,000 bushels on July l. 1891, and
smaller quantities in previous years.
Exports of wheat (flour included) from
both costs of the United States and from
Montreal amount to 2,001, 900 bushels this
week, against $4,000 bushels last week,
1885, 900 in the week year ago, 3.677.000
in the first week OF the new cereal year
In 1893, 2.06O,0 in 1892, and 2.225, 600 in
1891.
LESS FAILURES THAN LAST YEAR.
NEW York, July 5.-R. g. Dun & Co.
in the Weekly Review OF Trade to-mor-
row will say:
There were 6, 657 commercial failures in
the first half of 1898. against 7,039 in the
first half of 1894, and e, 4O1 in the first half
of lS93 These commercial failures in
volved liabilities of SoS. 944 this year,
against $l0l, 739, ,306 last year. and $685.
500, 443 in 1893.
Comparison by quarters for twenty
years show that the average Of Liabilities
per failure, SI4,2 for the past quarter,
against an average of Sl3, 443 for the sec
ond quarter In previous prosperous years,
was S34 SO for every hrin in business,
against SAL 03 for the second quarter of
previous prosperous years. In times OF
disaster SS7 IL per quarter has been the
average OF defaulted liabilities per firm in
business and 81 SO per 81, coo solvent pay
nents.
Manufacturing failures for the half
year we're ]. pa, against l.5l0 last year,
hn lIofN iFlS
S4l, $40, 102 last year and about 100000
in the first half of 1892. Trading failures
for the half year were ., ,335, against {, ,4O2
last year. and liabilities S45. .669. $50, against
S52 34o, 94S last year, and about sol, ,0U0, 600
in 1892.
Manufacturing failures were in number
.6 Of per cent. of all manufacturing con-
Germs, against .42 last year, with liabili-
ties averaging Sl13 for every concern,
against Sll7 last year. Trading failures
were .64 of per cent. of all firms in busi-
ness, against "a last year.
Banking failures not included in above
statements were 63, with liabilities OF
Sl6,653,2 ,276, against 63 last year, with lia-
bilities OF SIS, lS4 ,461. The details show
decrease in every class Of failures in the
second, compared with the first, quarter
of 1895, both in number and magnitude,
the detaulting liabilities averaging S34,
against $40 for every firm In business,
anu % VI against S4 10 IOr every S1,UUU SOL
vent payments.
The midsummer reports from all COM
mercial centers, to which more space is
given than usual, are of special interest,
covering the questions on which the
future business depends. They indicate
distinctly better crop prospects than
other official or commercial accounts, a
marked increase in retail distri buting Of
products, an active demand for goods
and an enlargement of the working force,
with some advance in wages of more
than half a million hands. At the same
time they show that the rapid increase in
prices has somewhat checked buying of
a few classes of products.
In every part of the country the out
look for fall trade is considered bright.
The latest agreement Of railroad presi-
dents is treated at Chicago as meaning
more than usual, and shipments have in
creased, amounting for four weeks to
20S. $50 tons eastbound, against Isl, 300 last
year and 20S, lis in 1888. Earnings of rail-
roads in June thus lar reported amount
TO SZ3, 0S0, $40 in the United States, and are
COS per cent larger than last year, but
15.7 per cent less than in 1892.
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