Birmingham age-herald., 1895-06-08
II READS LIKE AN EPIC Dun's Review of the Week in
 Business. THE TIDE KEEPS RISING
And Every tbb Is Followed by Still More
 Forceful Flow
BRADsTREET'S IS A BIT MORE sTAiD
But Has Hopeful Ring of Its own-There Is Confidence in Good Demand When the Fall Season
 Opens

New York, June 7--R. G. Dun & Co.'S weekly review of trade tomorrow will say:
 The tide of business is rising even as it was falling two years ago. with surpris- ing rapidity. The gain has gone so far and so fast in some branches that the more conservative fear it may not be maintained. But the period of dullness which comes in each market after an un- usual rise brings as yet nothing like a corresponding decline.
 Industries gain much, halt or fall back a little, and then gain once more. The demand for consumption steadily in- creases as the temperament and wages of the people increase. The demand for money expands, one bank representing 20 per cent larger discounts for the country, and another 23 per cent. There are more commercial loans than a year ago, and al but two report some gains. One seri- ous question remains-whcther the crops will be full enough to sustain a large business. But the worst reports today are better by far than the estimates gently current.
 Cotton declined 1B, with better weather at the south, but became excited and prices rose again with the report of only 11.6 per cent decrease in acreage. With Il ieDtH SHldlleT ylelu per acre anu acre age Il per cent less than last year the yield would still exceed 7,700000 bales, which, with heavy stocks carried over, would forbid the idea of a famine But late crop is more exposed to injury June began with 955339 bales already in sight and 3,302.3 $50 American remain ing in commercial stocks, while Euro pean spinners held May 1 over 1,000,000 bales. according to Ellison.
 Cotton mills are doing very well, with very satisfactory orders already for prominent lines, and the market is strong. with occasional further ad- vances. In knit goods there is also some improvement and higher prices for yarn, though prices have been cut in some kinds of hosiery. The effort to end the OlneyVille strike was not wholly suc- cessful, and in few other wooden mills strikes have occurred, but the demand for goods looks better and fair start has been made in orders for fall goods.
 Iron pushes upward like the great buildings into which so much of it goes, and the advance in finished products has become general. Of structural steel 12,- 600 tons were turned out in May by the Homestead works. breaking the record, and prices rose to 1.3c for beams and 1.2c. for angles. The Eastern Bar association has raised the price of refined iron to 1.1c and the amalgamated association demands of Pittsburg and western  as a basis
 Coke producers are said to have sub- stantially agreed upon sales by an agency and allotment of output and an advance in price to $1.50 or higher. The purchases of 50000 tons by the largest producers of pig iron have raised Bessemer to SIP at Pittsburg, and south ern pig has again been advanced 25c., making 75c. in all.
 Chicago works are in full operations. though the demand from agricultural inn plement makers lags, because the coming harvest Is in doubt. The flow of money hither from the interior has not. in- creased, but has much lessened and banks report general increase in dis counts for the country, largely for the south, and in commercial tones here. mainly in manufacturing paper. For eign exchange is higher; exports show ing r per cent decrease for five weeks, while imports show fl per cent increase. London has sold 15,000 shares of stock more than it has bought for the week, but still bids largely for bonds.
 Failures in four weeks showed liabil- ities of S9, ,329, ,181, of which $3.401, S75 were of manufacturing and $5,345,3O6 of trad ing concerns. Last year the total was S9.7S7, ,921 of which s4,061,60 were of manufacturing and $4.2S1, ,SS6 of trading concerns. Failures for the week have been 195 in the United States. against 216 last year, and 20 in Canada, against 40 last year.