The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-10-03
FAILURES SURPRISING.
For the Quarter Just Ended They
We're Surprisingly Large.
New york. oct "a Q. Dun & Co.'s

New York. Oct. 8.-R. G. Dun & Co. p
weekly review of trade says:
The complete report Of failures Tor
the quarter which ended with Wednes-
day shows an increase which would be
surprising if the political causes We're
not obvious. In number 61x per cent
less than the panic quarter of 1885, fall
ures for the quarter show Aapllltles IL
per cent less. amounting to $3.50. 344s
against $9I, Ie9 $50 In the previous na1L
year. Manufacturing liabilities were
S32. 46S. 1852, or 81 per cent greater than in
the same quarter OF 1883 " hlie Lradlle
were SOS. T3S. PIT and other commercial
were s2.o67. 236. To this must be added
81. I12. $50, liabilities IN % Dank Ia4AuEeS,
making exclusive of rilways, near
~ S85, 000, 600 In a single quarter
Comparisons are given showing that
in only six quarters in p years nave de-
faulted liabilities been as large that the
ratio to solvent business has been SOS
per cent, 81 600 against 2.3A Tor the
same quarter last year that the average
per firm in business has been S63.5l
against S26- 80 last year that the proper
ton of increase has been greater In the
western states both in amount, in aver
age liabilities per failure and much
larger In manufacturing than in trad
ing states.
Part. but clearly not all Of the causes,
have been removed by the influx Of gold
and depression is still shown by clear
ing house payments, 22.1 per cent less
than last year for the week and 81.
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 TO
cents since September 2, and is mainly
due to short crops abroad and unusual
foreign demand. Atlantic exports for
the quarter with September -four in
Guided were %. 1876 PA bushels against
IA $40 020 last year the outgO OF wheat
separately having nearly doubled in
spite of higher prices. No lack of Wis
IDLE domestic causes or supports the ad-
vance and western receipts for the
quarter were 57,742,941 bushels against
43, $50 499 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 hum0r to magnify them. There
are Enthusiastically encouraging signs IN
the great Industries although the act
ual gain in working force employed or
in new orders received is slight. But
the strong demand for materials, for
pig iron. hides and wool. as for cotton,
does not diminish and has already
gone far enough to stiffeB prices. In
WOOL, quotations are scarcely stronger
but represent actual sales more nearly
than in the past weeks, when buyers
with cash almost made their own prices
and E,sles in five weeks have been So
1853 200 pounds of which only 45s9 600
pounds were foreign, against "a 49, 40
last year Of which Is 553. 40 We're for
eign and 81 2S8 100 in 1882 of which IL,
0s0 500 We're foreign.
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 We're close at
hand The quarter just passed has
been most trying. but things would be
worse than they are but for the general
belief that better times are near.