The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-05

NEW YORK, June Ar. G. Dan q
Co.'s weekly review OF trade tomorrow
will say:
The statement Of failures in May by
branches Of business gives much en-
couragement. IN amount Of defayjted
liabilities the month was the smallest
since September. 1s9j;in manufacturing
liabilities the smallest since November,
1895, and IN trading limits the smallest
since September, except the last month
OF 1894. The failures OF genraI stores
have not been as small in any month
| as in May, 1897, and only two months out
OF thlrty-slI have there been smaller fail
ures in books and hats; only FIVE in
groceries, and not one trading cllz- in
that month has reported failures larger
than in the half dozen preceding
months, though in furniture failures
are rather NUMEROUS. In clothing
manufacture the month was the sGi5tll-
est, except four out OF thirty-slx, except
| FIVE in chemicals. Six in woolen guSG5,
seven in machinery, lumber and mis-
Cellaneous manufactures, and exceeded
the average only IN iron and cotton
I
| failures OF exceptional size. Nobody
can mistake the meaning OF such re-
turns.
| temporary depression IN priceJ the
| volume OF business transacted is now
larger than It was 10 ls92-the year Of
greatest pro5perity-hns been question:
ed by some. But a comparison OF prices
this week in the leadlnG bTanches OF
manufacture not only confirms that
view, but shows q remarkable sIrollar-
ity to the course OF prices IN the earlier
months Of 1879, when the most wonder
| fuI advance tn production and prices
ever known in this or any other ceun-
try was close at hand. The key OF the
situation IS the excessive production OF
some goods in advance OF an Gepected
Increase in demand. so. in 1873, con-
sumption gradually gained, month by
month,until suddenly It was found that
he demand was greater than the pos
sible supply. All know how prices then
advanced and the most marvellous pro-
gress in the history Of any country re-
suited within two years.
More Signs
Reports from all parts Of the country
now show that retail distribution OF
products is unusually large and IN
creaslng. There IS no Improvement In
the market for farm products. Cotton
| is not higher; and the belief thai the
| next crop will be large in spite OF the
floods, Is general, while the demand sor
goods does not change, although IN
this country It Is large enough. Nor IS
there any satisfactory demand LoE
woolen goods, and the sales OF wool tor
the week have been only 6's5S'SV9
ayra Hpnn1rd ~ GlI 400
against 26,s0O,150 In the correspondents
weeks Of 1892. The transactions
greatly exceed the demand Of the Enills
although these are larger than OF iate.
because the manufacturers OF woolen
goods have steadily increasing orders.
The iron industry Is apparently ex-
handing production, and Is ceTtalniy
getting larger contracts, In part pc
cause Of very low prices, one cent be4nG
made for beams, Bessemer piB Is
stronger and grey forge shade weaker
under pressure OF southern anMetp %
sell. The rail mills are all full, the IL
llnols Steel Company having oraeFs LoS
n railway and bridges in Corea ana
there IA better demand Tor plates and
sheets. and from makers OF ngriCultCr-
nj indictments at Chicago for bars.
Statements OF iron ore from Duluth Ihr
exceed those OF any previous year;
b6th tho Minnesota Iron Company and
the Carnegie mines shipping over lUO'-
no TONS each week. While the roa COM
bination has not yet been formed: e&-
pectation OF It With large denl9ho ~ ~.
advanced prices OF nails ceuS pc
keE. Tin IS very firm In spite OF q VS. VS.
ME supply of 81, ,426 tons at SlS " anu
there are larger dealings in copper hot
above eleven cents FOR lake. Le2d Is W
fair demand at 50 25 and tin plates az
stiil selling at 50 50 for iul welshs
American.
Crop Prospects
Crop prospects ore so good that the
rumors customary ut this season have
mo- attention. It was stated week ago
tbnt aIonu the Northwestern roaus
nrosnects were remarkably bright, anu
birhiv favorable reports have since ap-
neored from kansas and nom Texas
ana nre given in to-day's dispatches
from the Pacific coast. Inc teSS,psS S,,s,,os
western points are 2,ues,'s2 SSis a.
against 2,OO6, AIS last year, ana tAe a.
lantIc exports -four included, were Se5 -. =,
l65,IS7 bushels, against SSS',SS- ,s,S -
wear. The enormous outso OF 80 ~
Continues. receipts having been S'SS-,VOo
SnsheIs aCninst 2,S69.s2Q for tho ssltno
weep last wear and the exports were
s26 5s6 bushels, against l,-sS'"Io 'As'
year. .,,., been sII
IN Sbs TTu5teI states, against ~ iaSt
vear. and thirty-two in Cana9a'asa'"''
I lao. 10