The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-06-05
REVIEW OF TRADE.
Dun's Report for May Gives Much En-
couragement.

eouragement.
New York, June Ar. G. Dun g. Co.
in their weekly review of the trade will
say: The statement of failures in May
by branches Of business gives much en-
couragemnt In amount of defaulted
liabilities the month was the smallest
since September, 1885, in manufacturing
liabilities the smallest since November,
1895, and in trading liabilities the small
est except the last month since Septem-
Der, 1894. Failures of general stores
have not been as small in any other
month as in May 1897; In only two
months out of thirty-six have there
been smaller failures in boots and shoes
and miscellaneous trading, only four in
books and hats, only five In groceries
has reported failures larger than in
half the preceding months, though in
furniture. failures are rather numerous.
In clothing manufacture the month
was the smallest except four out of
thirtysix, except five in chemicals, six
in wooden goods, seven in machinery,
lumber and miscellaneous manufac-
lures, and exceeded the average only
| in iron and cotton goods and earthen-
ware, owing to a few failures of eXcep-
| tional size. Nobody can mistake the
meaning of such returns.
| The statement that, except for the
| temporary depression In prices, the vol
ume of business transacted is now
| larger than it was in 1S92-the year Of
greatest prosperity-has been question
ed by some. But comparison Of prices
this week in the leading branches Of
manufacture not only confirms that
view, but shows q remarkable similar
ity to the course of prices in the earlier
months Of 1879, when the most wonder
full advance In production and prices
ever known in this or any other coun-
try was close at hand. The key of the
situation Is the excessive production of
| some goods in advance of an expected
! increase in demand. So in 1879 con-
sumption gradually gained, month by
| month, until suddenly it was found
| that the demand was greater than the
| possible supply. All know how prices
/ then advanced, and the most marvel
lous progress in the history of any
country resulted within two years.
Reports from all parts of the country
now show that retail distribution of
products is unusually large and in
| creasing.
Their is no improvement in the market
for farm products Cotton is not
| h nh L. g.
demand for wooden goods, and the sales
of wool for the week have been only
5,S35,900 pounds, and for five weeks
4,641, 400 against 26,800150 in the CORE
spending weeks of 1892. The boot and
shoe manufacturers have larger bust
ness also in part because many have
| made the concessions in price reported
last week. Shipments from the east fol
five weeks have been 339,754 cases
against ,260 last year, ,268 in 1895
and 375,652 in 1894.
The iron industry Is apparently ex.
panding production, and is certainly
getting larger contracts, in part be
cause Of very low prices, cent being
made for beams. Tin is very firm IL
spite of visible supply of 34,436 tons
|
ings in copper not above IL cents fol
lake. Lead is in fair demand at 32
cents, and tin plates are still selling a
$3.50 for full weight American.
Crop prospects are so good that tn,
rumors customary at this season have
no attention. The receipts at western
points are 2O5s,795 bushels against &c.,
OO6,475 last year and the Atlantic ex
ports, -four included, were 2,165,778
bushels against 2,339,S52 last year. TIL,
enormous outgo of corn continues, re
ceipts having been 5S21,023 bushels
against 2,609.9S4 for the same week las
year and the exports were 1,S26,56
bushels against 1,293,3156 last year
Failures for the week have been "a
in the United States against 234 las
year, and 80 in Canada against 20 las
year.