The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1896-10-10
ipllTICy ARE RESPONSIBLE:
Failures for the Quarter Have
Neared the Panic Record.
Total Liabilities $15,ooo,ooo--onla
. IL Per Cent. Loss Than In
the Panic Quartes
Of 1893.

Lg-n- E.graEt LEEtuH
New York, Gel. 3.-R. G. Dun q Co.'S
Weekly Review of Trade today a
the complete report of failures for the
an2 rter which ended with Wednesday
s @s an Increase which would be sur.
L. hg II political causes were not OBJ.
vsous. In number 6A per cent less than
in the panic quarter of 1899, failures for
the quarter show liabilities Iii per
cent less, amounting to $73, 2S5, 349,
against 49, ,6S2 in the previous half
year. Manufacturing liabilities were
sz,4ts,l96, or " per cent greater thar in
the same quarter of 1893. while trading
We're $2S,7SS,217 and Other commercial
were $l2,O67,236 To this must he added
sit,il1,soo liabilities lin fifty bank fail
YES. making, exclusive of railways,
AIRY Ss5,oO0,000 for a. single quarter.
comparisons are given showing that in
only SIX quarters in twenty-five years
have defaulted liabilities been as; large:
that the ratio to solvent business has
been sos per $1,000, against Pa for the
same quarter last year: that the aver.
age Der firm in business been 1863, 81.
against 1852 last year; that the proper.
ton of increase has been greatest in the
: western states, both in amount a9ld in
average liabilities per failure, and much
larger in manufacturing than in trad
Ing. Part, but clearly not all of The
cause. 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 S1.2
per cent less than IN 1892, when mother
presidential election was near.
The continued advance in wheat may
prove of the utmost Importance. 1t
has beeen 1.12 cents for the week and
~ n since September 2, and is MAIN
~ U to short crops abroad and foreign
demand. Atlantic exports for the quar-
ter. ending with September, flour in
Guided as wheat, We're %. 195. ga bushels,
against 1890, 020, last year. The outgo
of h separated nearly doubled in
spite of higher prices. No lack of WISH
bic domestic supply auses or supports
the advance, and western receipts for
h exact quarter We're 81, 742. 941 bushels,
against AZ, 790,499 last year.
Cotton has weakened after it's sudden
rise, because the demand for goods has
relapsed into hand to mouth buying
end print cloths are lower at 2.56 cents.
4 There are unmistakable encouraging
>signs in the industries. although the
0tual gain if working force employed
VI Al ISSGlNGQ IL SllS buL
h strong demand for materials. for
pig iron, hides and wool, MS for cotton,
does not diminish, and has already gone
far enough to stiffen prices. In wool
quotations are scarcely stronger, but
represents actual sales more nearly
h In past weeks, when buyers with
lash almost made their own prices.
Sales in v weeks have beeen ; ,1S9.2 200
pounds, of which only 4,679. 800 We're f,r-
eign, against 34,71 9, 40 last year of
which 5,553, 470 were foreign, and when
w. 8 remembered that in spite of the re.
ce22t starting of some mills not n.n.e
than 80 per cent uf TIE total capacity
can be producing the preponderanca of
purchases to anticipate future wants is
apparent. Orders for wool goo Is did net
gain and several kinds OF dress goods,
flannel suitings and fancy worsteds, are
selling a shade lower. Buying OF besst-
mer pig again lifts P%ittsourg quotations
to $11.75 without any genera, gain in
demand for finished produces. and steel
bars for the first time are sold for 1
cent, against 1.2 asked by the associa-
ton for iron bars. Plates ana rails are
in less demand, but there is heavy buy
ING Of sheets at the west.
Merchants and manufacturers are
waiting, but there are not wanting signs
that many have the %contidance to invest
and push forward as though the dawn
Of prosperity We're close at hand. Thu
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.