The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-02
WEEKLY TRADE REVIEWS,
Failures for the Qssrtet SAou I Dc.
cressc.
LEGITIMATE BUSINESS IS LARGE,
q. q. Dun . GO. Prodace Eviaenee
Of RevavsAw Pro.perity-A asss
view ~ Bradatrect'as =

New York. October t.--R. q. Dun 4 Co.'S
weekly review will say tomorrow:
Tho failures during tho third quarter Of
1891. obtained yesterday by telegraph, were
zoos, with liabilities Of 81. ssS.s4i. OF which
twenty-nine were In banking for $s,ss7 ,oss-
Commercial failures 2s7l. with liabilities
$2s.57e,io2, an average Of only $sS9a each.
lower than In any other quarter for twenty
three years. The amount OF defaultcd liza
bilitiee Is tho smallest In any quarter for
five years. and In fifteen years only six
quarters have shown smaller liabilities.
Manufacturing failures 65i. with liabilities
Of sa.asi. iei. average but s1a,As7 each. and
trading ais4. with liabilities Of sls.sa5.o65.
average but sbe27 each. both smaller In
average OF liabilities than In any previous
year OF which classified records exist.
The volume OF legitimate business con-
tinues q little larger than In the same
months OF 1892. for while tho great Increase
OF 27.i per cent at New York for tho week
activity In spite OF the establishment and
growth Of the stock exchange clearing
house. yet payments through the principal
clearing houses outside OF Now York ex-
coed those OF iSss by 40 per cent for the
week and 30 per cent for September New
York makes settlements for large part
OF the country and the daily average, In
| GLIDING this city. for September was
S2o6,S6i,oO0. against s1Si.s59.o0o last year:
$l3S.S10,o00 In 1894. $l2a. 600 In 1898 and
slT6,S27.ooo In 1892. 90 that the gain over
the same month In tho best OF past years
| IL ITO per cent These evidences OF re-
vivlng prosperity are the more Important
because prlces for most products have ad-
! yanced moderately and arc much below tho
level OF 1896. While speculative markets
are all declining with curious unanimity.
| speculation In wheat ana corn has been
SGT back by bright crop prospects, A de-
| crease In foreign buying caused weakness.
The price OF wheat has declined cents
and OF corn nearly . cents for the week.
Turning from speculative market 10 pro-
ductive Industry. tho change In tone IN
striking. This is largely Tor repleuishment
OF stocks. but dispatches show that retail
trade at nearly all Northern points contin-
uts to expand. Dealers well know that In .
crease OF working force and wages insure
large distribution OF goods. The advance
In cotton goods has been checked by the
decline In material. but In WOODEN goods the
advance In prices has been small compared
with the rise In wool. which Is helped BY
stronger prices at London sales. The deal
ings. mainly speculative, have amounted n
6G50l 100 pounds In four weeks. Sales o
very large lots suggest profit taking.
Iron manufacture has been pushed Il
further expansion by growing demand fo
finished products which has caused a litti,
further advance In prices, while pig iron 4
also higher, % cents for Besscmer at Pitte
burg, with purchases OF 10000 tons by on
! concern, and was much higher for anthra
cite. with Southern No. 2 no longer oifere
below nj birmingham The average adj
vance in all iron and steel prices. 90 pc
cent from the lowest point, is stlll re
; strcted by tho addition OF many furnace
! and other works OF those In operation.
Failures for the week have been 10i 4
; the United States, against 200 last year. an
"a In Canada. against +6 last year.