The Taney County republican. (Forsyth, Mo.) 1895-1992, 1896-10-08
GUMS coMMERclAl REVIEW.

Conpaeeo Report % Failures for tAe QNnR-
ter Exhibating . 6arprssing IneeUooos
Partly Accounted for BY Po1ltica1 Ca1Dos
-contia1sa Advance In Wheat-Revtv1sg
Better Times Near.
New YoRK. Oct. 4.-R G. DUN 4 Co.
say to-day in their weekly review Of
trade:
The complete report of failures for
the quarter which ended Wednesday
shows an increase which would be aur-
prising II political causes were not
obvious- In number oH Per cant less
than in the panic quarter of 1893. fail
ures for the quarter show liabilities
Ill per cent less. amounting to S7s.-
es5. $40. against s97, ,s6o, ,6ss Ia the pre-
vious half year.
The continued advance In wheat
may prove Of the utmost importance.
It has been I. 10 cents for the week and
ten cents since September 2. and h
mainly due to short crops abroad and
unusual foreign demand Cotton has
weakened after its sudden rise. be-
cause the demand for goods has re-
lapsed into hand-to-mouth buying.
and print cloths arc lower at 4S0
cents. Some injury has been dcne by
recent storms, but the market Beems
not now In tho humor to magnify
them.
Reviving confidence is felt in the
stock market, which has slowly risen
an average of 70 cents per share
for railways, though trusts arc weaker.
While east-bound tonnage is large.
from Chicago, in September. 2l0, l06.
against e41. 154 last year, the westward
movement of merchandise Is small
and rates are cut, so that earnings re.
ported for September fall 8. o per cent
below last years, and 8. 6 per cent. BE-
low those of 1892.
There arc unmistakable encourag.
ing signs in the great industries,
although the actual gain in working
force employed or in new orders re-
ceived is slight. But the strong do
mand for materials. for pig iron, hides
and wool, does not diminish, and has
already gone far to stiffen prices.
In wool quotations are scarcely
stronger, bnt represent actual sales
more nearly than in past weeks. when
buyers with cash almost made theie
own prices.
Buying of Bessemer pig again lifts
Pittsburgh quotations to S11.75 with
out any general gain in the demand
for finished products, and steel bars
for the first time are sold at ono cent,
against 1.2 asked by the associa-
tion for iron bars Plates and rails
are in less demand, but there is heavy
buying of sheets at the west Conf
dence that reviving business must
bring a greater demand than all the
works can meet induces tho various
associations to make no change In
their prices. The minor metals are
not strong. lake copper st 10k, tin at
SIe. 90, and lead about "a
The movement westward of money
continues. and for the quarter has ex-
ceeded interior receipts by $51, ,00n. 600.
The gold ordered for importation
amounts to $43, $50. .00O, and arrivals
thus far to $40, ,544, $50, besides $2, 000.-
600 expected from Australi6. which
will raise the treasury reserve toabout
$3.50, OOO. 600. Relief has been welcome
in commercial markets, where seven
per cent. is done more freely on west
paper than eight per cent recently,
but October settlements cause momen.
tary hardening.
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