The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-05
DUN'S TRADE REVIEW
Revival ,of Certain Lines Of In.
dustry Brings Hope.
EXPORTS OF WHEAT ARE HEAVY.

Short Crops Abroad Cause Good Demand
at Fair Prices-Cotton Has Weakened
After Its Sudden Rise-Print Cloths Arc.
Somewhat Failures for the Quar-
ter Ending sept. 80 Make a Bad Showing
by Comparison.
New York. Oct. 5.-R. G. Dun & Co. S
Weekly Review of Trade says: The
complete report of failures for the quar-
ter which ended with Wednesday
shows an increase which would be sur
prising IL political causes were not OBJ
vious. In number 6is per cent less
than in the panic quarter of 1893. fail
ures for the quarter show liabilities
11.16 per cent. less, amounting TO $73.-
2s5349, against $97 s69, $50 in the previ-s
Gus half year Manufacturing liabili
ties were S32.479. 1876. or 81 per cent
greater than in the same quarter OF
1893, while trading were $2S, 73s. .236. and
"other commercial" were s12.067, ,236 To-
this must be added s1l, 712.9 $50. liabilties'
in fifty bank failures. making exclusive
of railways nearly $S5, 900 900 for a sin
gle quarter Comparisons are given
showing that in only six quarters in
twenty-five years have defaulted lia- !
bilities been as large, that the ratio TO
solvent business has been 5000 per ST. J
last year: that the average per
firm in business has been $63 81
against $2692 last year; that the pro-
portion of increase has been greatest in
the western states. both in amount and
in lah fai
much larger in manufacturing than in
trading.
Removed by influx OF Gold.
Part. but clearly not all, OF the
causes have 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 1922 per cent less than In 1892.
when another presidential election was
near.
The continued advance in wheat may
prove of the utmost Importance. 1t
has been 1.12 cents for the week, and 10
cents since Sept 2. and is mainly due
TO short crops abroad and in foreign
demand. Atlantic exports for the quar-
ter ending with September. -four in
cluded. were %. PA bushels, against
| IA. 320, ,020 bushels last year. The outgo
of wheat separately nearly doubled in
spite Of higher prices. No lack of Wis
IDLY domestic supply causes or sup
ports the advance and western re-
ceipts for the quarter were 51.1429 94t
bushels. against AZ. 100 499 bushels 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
% Id. kos dffRn
by recent storms, but the market seems
not now in a humor to magnify them
There are Enthusiastically encouraging
signs in the great industries. although
the actual gain in working force en-
ployed. or new orders received Is slight
But the strong demand for materials.
for pig-iron. hides. and wool. as for cot
ton, does not diminish. and has al
ready gone far enough TO stiffen prices.
In wool quotations are scarcely strong
er. but represent actual sales more
nearly than in past weeks. when buy
ers with cash almost made their own
prices
sales In Five Weeks.
Sales in five weeks have been 3S,-
169 200 pounds. OF which only 4.679,600
were foreign, against S4,7l9,170 last
year. Of which 15.553.4 470 We're foreign.
and 37,2SS. 400 in 1892. of which II 900 600
were foreign, and when it is remem-
bered that, in spite of the recent start
ing of some mills. not more than so per
cent of the total capacity can be pro-
ducing the preponderance of purchases
to anticipate future wants is apparent.
Orders for woolens do not gain. and
several kinds OF dress goods. flannel
suitings. and fancy worsteds, are sell
ing a shade lower. Buying Of Besse
mer pig again lifts Pttsburg quota
tions to s11.75 without any general gain
i'm the demand for finished products.
and steel bars for the first time are
sold at l cent. against 1.2 cents asked
by the association for iron bars. Plates
and rails are i'm less demand. but there
Is heavy buying OF sheets at the west
Confidence that reviving business must
bring greater demand than all the
works can meet induces the various
associations to make no change in their
prices The minor metals are not
strong. lake copper at 10ls cents. tin at
| IL. 30. and lead at about 2S cents. Mer-
| chants and manufacturers are wait
| ing. but there are not wanting signs
| that many have 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.