The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-07
BETTER BUSINESS

Conditions Reported Throughout the
CountTy-ComPATison or Failurea In
Last Four Hrara-Crop aud induatTlal
Situation Encouraging,
NEW YORK, Aug, ar, C. Dun g
Co.'S weekly review of trade tomorrow
will say; Four years ago, August Q,
1898, the first number OF Dun's Review
was Issued with failures in that month
amounting to over $50, 900 OOO, while In the
month Just closed failures have been
only S7,ll5,l27, the smallest In any month
since 1892
The statement OF failures by classes of
business for July and for forty-six other
months shows that IN manufaGturing
failures have been smaller than in any
other month In the entire period, In ira
ding 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
pessimlsts who pronounced reports OF
gain fictitious and misrepresenting,
have grown weary of their dismal viewa
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 elearing houses was larger
than In the same month OF 1892, and the
telegraphic dispatches from all parts OF
the country given this weok show n
gratifying improvement, This Is partly
due TO a large yield OF wheat and good
prices, though the crop is probably not
as large nor are prices thus far as high
as In 1892, but of cotton the price is high
er and the yield probably larger than in
that year. Other farm products are re.
alizing good prices and the possible de-
crease In the yield OF corn may help te
make the enormous surplus brought
over from last year disappear. LIqui"
dation of powerful combination In
wheat brought a reaction OF cents on
Thursday, but n gain of ~ cents occur
red the day following.
II is the wrong season Of the year to
expect much from Industries, and yet
there has been n material increase In thu
number Of hands employed in the iron
manufactures before q satisfactory ad-
justment OF wages dispute with tht
Amalgamated Association, and the ops
ening Of numerous establishments
which have been waiting, while the mi
ners' strike seems each day more likely
to end in permanent settlement bene.
hcial to both parties. Meanwhile the
demand for most finished products Is
steadily increasing the feature this
week being large pipe contracts for
Russian oil fields, Sumatrn and Germa-
n.y. While consumption does not yet
equal the capacity OF the works In oper-
alton, and prices of iron and steel pro-
ducts average slightly lower, the sitaa-
tion Is altogether more hopeful. In MI
nor metals the consumption of tin equals
the receipts, so that the prices do not
change and the visible supply is practl-
cally the same as n month ago, while ex'
ports OF copper have been heavy and
prevent n decline of lake below II cents
and realizing In lead has caused only O
slight decline TO SO so.
The sales Of WOOL as comparative re.
turns by months show, bear little rela'
ton to the actual consumption In man
ufacturc. but heavy liquidation since
the new tariff bill was enacted gives the
impression that some dealers are M
longer confident Of speedy advance
Nevertheless prices have risen during
the past few weeks nearly l cent pei
pound. Manufacturers nre buying but
little, though prices are rapidly increas
ing the output, and are able to obtain M
advance Of about 10 per cent in prices 81
goods, with rapidly increasing orders
The temporary curtailment Of output by
cotton mills continues, but does not ye
bring improved prices for products, nj
though the demand Is generally gaining
Failures for the week have been 2S7 II
the United States against 24O last year
and 20 in Canada against 80 last year.