The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-08-14
DUN'S WEEKLY REVIEW.
FAILURES THIS MONTH THE SMALLEST
SINCE 1892.
Humiliation of a Pow erful Combination in
Wheat Brings Reaction, But Gain OF
1.2c Occurs Afterwards--.Ma nufact'
urers Are Buying But Little Wool.
r. G.. Dun s. Co.'S weekly review

R. G.. Dun s. Co.'S weekly review
of trade says:
Four years ago, August S, 1898, the
first number of Dun's review was is
sued with failures in that month
amounting to $1,450, 100000, while in
the month just closed failures have
only been $7,177;727, the smallest IN
any month since 1892. The Str ,ment
of failures by asses of business for
July and for 46 months shows that III
manufacturing failures have been
smaller than any other month Of the
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 exist The pessimists, who
have pronounced reports Of gain ticti-
tious and misrepresentation, have
grown weary Of their dismal views and
begin to see the dawn Of better days.
Last month was the first 8 1, Z
years of which the volume of bls.">ss
reported by clearing houses was larger
than in the same month of 1892, and
telegraphic dispatches from all parts Of
the country given this week show a
gratifying improvement. This is part
ly due to large yield for which ti:re
is good prices, though tic {: - j.
probably not as large nor the p
thus far as high as in 1892, but for cot.
ton tho price is higher and the yield
probably larger than in that year.
Other farm products are realizing
| greater prices and the possible decrease
in the yield of corn may help to take
the enormous supply brought ove'
from lbs: gear. Liquidation Of pow
erful combination in wheat brought
reaction, but q gain of 13c occurred
the following day.
There has been notable increase II
the number of hands employed in tn
iron manufacture, because the satlsfac
tory adjustment of the wage dispute
with the amalgamated association ha
caused the opening of numerous estab
lishments which have been wanting
while the miners strike seems eac
day more likely to end in permancn
settlement, beneficial to both parties
Meanwhile the demand for most of tn
finished products is steadily increasing
the feature this week being large pip
contracts for Russian oil fields, Suma
TIA md Germany, While consumption
does not yet equal the capacity OF til
works in operation and prices Of ire
and steel products average slight
lower, the situation is altogether NOR
hopeful. In minor metals the cor
:, sumption of tin equals the receipts,
that prices do not change and the vi
ible supply is practically the same as
month ago, while exports of cope
have been heavy and prevent declir
j. of lake below lie, and realizing in les
has caused only slight decline to 3. 81
. The sales of ~ool, as comparative r.
', turns by months show, bear little rel'
ton to the actual consumption in maj
ufacture, but heavy liquidation sim
!, the new tariff bill was enacted Civ
). the impression that some dealers al
= no longer confident of speedy a(
vance. Nevertheless, prices have rise
y during the. past few weeks nearly
). per pound. Manufactures are buyir
. but little, though they are rapidly i
. creasing their output and are able
: obtain an advance of about per Ger
!. in prices of goods, with rapidly i
!" creasing orders. The temporary Gu
, tailment of output by cotton mills co
tinues,, but does not yet bring improv
prices for products, although the d
mand is generally gaining.
F,;Iuroe for tho xvonk hava hnan g