Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1896-10-08
OF FAILURES
A FEARFUL sHosl.sG MADE IN
THE PAST NINE MONTHS.
NOTHING LIKE IT KNOWN
Worse Than DURING the Panicky Year
OF '9S-Wheat Exports foI the Week
Reach the Greal Total Of 4,216.00U
Business Is Still Very
Dull.

New York, Oct Bradstrest's weekly
report says cooler weather and con
tinued purchases by interior merchants,
notably west and south, continue the
slight improvement in trade recorded
in the preceding weeks. Merchants
at the primary cotton markets and
large centers in the spring wheat re-
gion report better movement In
staples, due to the unusually heavy re-
eeipts of those crops. Throughout the
center west, including such points 40
Baltimore, Cincinnati, Chicago and St.
Louis, the volume of trade falls be
hind that Of year ago in some in
At the eastern centers the improve
ment is seen in a greater ease in the
money markets and more of DISPOSE
ton to discount commercial paper all
though at Unchanged rates. The whole
sale merchants report better feeling
material increase in the volume of bus
mess this month. Mercantile collee-
lions continue slow except in the cot
TON states and at some points in the
northwest where heavy crop receipts
enabled interior merchants to liquidate
long standing accounts. The more
conspicuous demand at the larger in
terror cities is for drygoods, cloth
ing, shoes, hardware, leathe.' AMI
lumber. There is also better
demand for pig iron and 70; steel.
Business in cotton goods has been
checked by an advance in prices, and
mill stocks tend 70 accumulate again.
The exports of wheat flour included,
from beth coasts Of the Unitcd States
and Montreal this week. amount TO A.
10000 bushels, the largest weeks ex
ports Of wheat since the second week
in September 1898. The export dur
ing the corresponding week year
ago was 2,619000 bushels. The total
number of business failures through
out the United States from Jan ! to
September &c. 1886, is 1920, the
largest aggregate reported for like
period since records of this character
have been complied. The next largest
AOlA1oIChhlhF lpAtily II tI1pf was LII
the nine months Of the panicky year OF
1888. The total bank c,earings in the
principal cities in the United States
for the week was $S94.271 ,419, de
crease of 21,4 per cent. compared with
the corresponding week last year.
r. G.. Dun G. Co. S weekly review of
trade says that complete reports of the
failures for the quarter which ended
Wednesday show an increase which
would be surprising il political causes
we're not obvious. In number they
we're G1@ per cent. less than In the
panic quarter Of 1898 The failures
for the quarter show liabilities s11,-
100000 less, amounting to $73,205,0 900
against S97 100000 in the previous half
year. The manufacturing liabilities
were $32 ,497 900 or 81 per
cent. greater than in the same
quarter Of 1898. while the trading
were S2S,73S,0 900 and "other CONNER
cial' were s12 067 900. To this must
be added $11, 49, 900 liabilities in fifty
bank failures, making, exclusive Of
railways, nearly SS5,o00,000 Tor a
single quarter Comparisons show
that in only six quarters in % years
have the liabilities been SO large. The
ratio to solvent business has bean $500
rer $1,000 against $7.04 for the same
quarter last year,