The Wichita daily eagle., 1896-08-29
DUN'S Is FULL OF FIGURES
Statistics of Failures. CIosing Mills and {
Speculative Course of Markets

Statistics of Failures. Closing Mills and the
Speculative Course of Markets.
New York. Aug. 2S.-R. G. Dun &
Co.'S weekly review of trade says:
Clearing house certificates have not
been issued, burt instead, gold is coming
hither largely, on the swiftest steamers,
about N0.00O,0O0 being already on the
way. Higher lending rates bring 1T,
notwithstanding foreign events which
disturb London markets, and the grow
ing confidence in the monetary future
of the country helps.
Liabilities in failures for three weeks
ending August 20, were $40, ,99S, ,2S5,
against Sc, 1865 last year, and $8,214,-
40 in 1894; manufacturing were $11,-
1s9, ,0SS. against $3,517,37 last year and
$2.S43, 1888 in 1894; trading was s4,904, 1862,
against $685. .9Ss last year and 1884,
Ala in 1894, while brokers and other COM
mercial concerns added s4,S27, ,9S5,
against 81, 100000 last year and 81 ,SS4,-
71S in 1894. The stoppage Of Hilton,
Hughes & Co. this week is, of course,
not inclued in these figures.
The stoppage of works also continues,
including, among other iron concerns,
the Illinois Steel plant at Hammond,
Ind, and the Lakeside nail works there.
Disruption of the Tin Plate association
results from inability of manufacturing
concerns to go on paying wages de-
manded and will presumably be follow
ed by the stoppage Of some other iron
which are getting very light new busi-
ness, many contracts having been de-
ferred until after the election and
there is SO little doing that quotations
are almost nominal. Grey Forge has
sold for $9.25 at Pittsburg. but it is said
that speculative purchases amounting
to 10000 tons of pig have relieved the
Chicago market. Coke production at
Connellsville decreased 10000 tons last
week, a further decrease being expect
ed Anthracite has again been ad-
vanced % cents since September l.
Leather is shade weaker and hides
again lost about per cent for the week
Sales Of wool, including some for specu-
iation and some for export, have been,
in four weeks. only 9,595,300 pounds.
a against g. 200. 400 pounds last year, and
29. .135, 500 in 1892. Actual quotations are
hard to get, but sales TO realize are at
bargain prices and exports of domestic
and shipments of foreign are in consid-
erable quantities. No gain is seen in
the demand for wooden goods. Cotton
shows a stronger tone and in a few
qualities, slightly better prices, but the
change has been in selling from store
without disposition to order ahead OF
current wants.
Speculation in products caused an ad-
vance of 1.62 cents IN wheat, but by
it had been lost, only to rise
a again and close at nearly the top.
Heavy western receipts continue. low as
prices are, amounting for four weeks to
IA. 500. .s47 bushels. against 1o.eS5,26 last
year, but begin to be balanced by a
gain in exports. which have been for
the week 2.074516 bushels. -four in
cluded. against 1,373,356 last year, and
for four weeks s.ss7,i7S, against 1885,
5S9 last year. Corn declined on Thurs
day 10 II. % cents here and a6.37 at Chi
cago. which is close to the lowest ever
known. Crop advices continue most
but western receipts indi-
cate less disposition TO sell at current
figures.
Cotton has reacted sharply from fits
advance to s.ssc. and Sc is now quoted
with little demand.
Failures for the week have been aSs
in the United States. against 1ss last
year. and SO in Canada, against ~ last
year.