The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-10-03
SOME HOPE IN THIS.
Business Is Better Than 1t Was
a Week Ago.
p. G. DUN G. CONPANY'S REPORT.

ment-Wool Market Improved Iron
Market Also shows an Advance-Prices
of various other Commodities.I
New YORK, Oct. 3.-R. G.. Dun q
Company's weekly review of trade says:
The complete report of failures for the
quarter which ended with Wednesday
shows an increase which would be sur
prising if the political causes were not
obvious. In number 6 1-2 per cent less
than in the panic quarter of 1898, fail
ures for the quarter show liabilities
ILL per cent less, amounting to $73, $780,
$40. against $97 1863, $50 i'll the previous
half year. Manufacturing liabilities
were $32, 479, 1856, or 81 per cent greater
than in the same quarter of 1893, while
trading were t2S, 1921 and "other
commercial were $l2,067, 236. To this
must be added SLIP, 800, liabilities i'll
90 bank failures, making, exclusive Of
railways, nearly 100000 for single
quarter.
Comparisons are given showing that
in only six quarters i'll % years have de-
faulted Liabilities been as large, that the
ratio TO solvent business has been 5000
per 81 900, against $2.34 for the same
quarter last year, that the average per
firm in business has been S63 81, against
$26. 90 last year, that the proportion OF
increase has been greater i'll the western
states, both III amount and i'll average
liabilities per failure, and much larger
in manufacturing than in trading. Part,
but clearly not all Of the causes, has
been removed by the influx of gold, and
depression is still shown by clearing
house payments, 22.1 per cent less than
last year for the week and 3l.2 per cent
less than i'll 1892, when another presi-
Dental election was near.
The continued advance in wheat may
prove of the utmost Importance. 1t has
been l.l2 cents for the week and 10
cents since Sept. 2, and is mainly due
to short crops abroad and unusual for
eign demand. Atlantic exports for the
quarter ending with September. -four
included, were 23,l95,214 bushels,
against IA, $4,000 last year, the outgo
of wheat separately having nearly
doubled in spite of higher prices. No
lack of visible domestic supply causes or
supports the advance, and western re-
ceipts for the quarter were 81, ZAP ,94l
bushels, against 10, 100 400 last year.
Cotton has weakened after its sudden
rise, because the demand for goods has
relapsed into hand TO mouth buying
and print cloths are lower at 2.56 cents.
Some injury has been done by recent
storms, but the market seems not now
in the humor to magnify them.
There are Enthusiastically encouraging
signs in the great industries, although
the actual gain i'll working force en-
ployed or i'll new orders received is
slight. But the strong demand for ma
terials, for pig iron, hides and wool, as
for cotton, does not diminish, and has
already gone far enough TO stltfen
prices.
In wool quotations are scarcely
stronger, but represent actual sales
more nearly than i'll past weeks, when
buyers with cash almost made their own
prices. Sales i'll five weeks have been
80, 1863, 200 pounds, of which only 4,619,-
600 were foreign, against 34,7l9, 10 last
year, of which 10, 553, 40 were foreign,
and 81, 2SS, 4VO i'll 1892, of which 1000
GOO were foreign, and when it is remem-
bered that in spite Of the recent starting
of some mills, not more than 30 per cent
of the total capacity can be producing
the preponuerance Of purchases to an
ticipate future wants l. apparent. Or
ders for woolens do not gain, and sew
eral kinds of dress goods, flannel suit
ings and fancy worsteds are selling q
shade lower.
Buying of Bessemer pig again lifts
Pittsburg quotations TO SLID without
any general gain in the demand for
finished products, and steel bars for the
first time are sold at one cent against l.2
asked by the association for iron bars.
Plates and rails are in less demand, but
there is heavy buying of sheets at the
west. Confidence that reviving bust
ness must bring greater demand than
all the works can meet induces the vari-
Gus, associations to make change i'll
their prices.
The minor metals are not strong, lake
copper at 10 l-2 cents, tin at 1890 and
lead about rs cents.
Merchants and manufacturers are
waiting, but there are not wanting
signs that many have the confidence TO
invest and push forward as though the
dawn of prosperity were close at hand.
The quarter that has passed has been
most trying, but things would be worse
than they are but for the general belief
that better times are near.
Total business failures throughout the
Dominion of Canada amount to 1901
for the past nine months, an increase
of 3l5 compared with the corresponding
period last year. Total liabilities
amount to $l2,2l9,000, against 50, 769,-
600 last year.
PITTsBURG, Oct. 3.-One hundred and
sixty-one barges and 81 coalboats left
here yesterday, taking at least $500, 1000
bushels of coal about equally divided as
to destination between Cincinnati and
Louisville. A run fully as large left
here today.
The strike Growing.
OTTAWA, Ont, Oct. 3.-The Canadian