The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-07
DuN's REVIEW.
Failures for the Past Month Smaller
Thmm for MnnN Ncmrs.

New York. August 6.-R G. Dun &
Cc,'s Weekly Leview Of Trade tomorrow
viii say Four years ago, August 3, 1899,
the first number OF Dun's review was is
sued with failures in that moath amount
Ing to oven sec, 000 900. while in the month
Just closed failurCs have been only $7,l77,-
127, tho smallest In any month since 1892.
The statement OF failures by classes OF
business for July and forty-six months
shows that In manufacturing failures
have been smaller than In any other month
OF tho entire period. In trading smaller
than In any other month except one, and in
many branches of each department smaller
than In most months of which records ex-
list.
The pessimists who pronounced reports
of gain fictions and Misrepresentation
have grown weary of their dismal views
and begin to see the dawn OF better days
Last month was the first for four years
OF which the volume OF business reported
by clearing houses was larger than in the
same month of 1892, and the telcgraphlc
dispatches from all parts Of the country
given this week show gratifying improve
ment
This Is partly due to-a large yield for
which there Is good price, though the
crop is probably not as large nor are prices
as high MS in 1892. but OF cotton the price
Is higher and the yield probably larger
than in that year. Other farm products are
bringing better prices and the probable de-
crease In the yield OF corn may help to
make the enormous supply brought over
from last year. Liquidation of a power
tul combination In wheat brought a reac-
ton OF cents on Thursday In wheat, but
gam OF LIZ cents occurred the follow
ing day. II ia the wrong season to expect
much from the industries and vet there
has been a material increase OF the num-
Der OF hands In the iron manufactures, of
satisfactory adjustment Of wages and OF
disputes with the Amalgamated aesocia-
lion and the opening OF numerous estab-
ilshments which have been waiting, while
the miners strike seems each day moro
likely to end In q permanent settlement
beneficial to both parties
Meanwhile tho demand for most OF the
finished products Is steadily increased, the
features this week being large pipe con-
tracts for Russian oil fields, sumatra and
Germany. While consumption does not
yet equal the capacity OF the works In op-
GRAFTON and prices OF iron and steel prod
ucts average slightly lower. this Is alto
gether more hopeful.
In minor materials the consumption OF
TIN equals the receip,s, so that the prices do
not change. and the visible supply Is prac-
tically the same as a month ago, while ex-
ports OF copper have beea heavy and pre-
vent decline OF lake below II cents aud
realizing In lead has caused only slight
decline. TO $3.50.
Tho sales Of wool as shown by compa-a-
Two returns by months show little relation
70 the actual consumption IN manufacture,
but heavy liquidation since .he tariff was
enacted gives the impression dealers are
NJ longer confident az speedy advance.
Nevertheless the prices have risen durins
the past few weeks nearly cent per pound.
manufacturers arc buying but little, though
tney arc rapidly increasing the output and
are able to stand an advance az 10 per cent
In price, Of goods with rapidly increasing
iorders.
The temporary curtailmcnt Of output BY
co'ton mills eenttnues but does not vi