The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1897-09-08
NO STEP BACKWARD.
Business Continues TO Show Graf
flying Activity.
The Tone I'm All branches Is Hopeful
Exports of Wheat and Corn
Reach Large Figures-De-
crease I'm Failures.
New York, Sept. 4.-Bradstreet's says
of business conditions:

New York, Sept. 4.-Bradstreet' says
of business conditions:
Previous activity in all lines of trade is
maintained. There Is a better tone to
demand from jobbers and the volume Of
business In wool, leather. clothing. hats,
groceries and light hardware has in
creased. There is a better request for
wooden and cotton goods. jewelry and rub
Der goods and for boots and shoes Some
wholesale merchants at western centers
report the largest volume OF August trade
on record. There has been an increased
consumption of cotton by southern mills.
Western iron and steel mills have orders
to keep them busy until January l. In the
central western states the bituminous coal
strike has had a further depressing effect
upon the general industrial situation. At
the northwest some commercial houses
have had to work overtime to meet the de-
mand for goods and the warm weather
is reported to have practically assured the
Indian corn crop. On the Pacific coast
wheat exports have been checked by in
ability to secure crews for vessels Mer-
camille collections have greatly improved
in some sections. Last weeks general and
unprecedented expansion of prices for
staples is continued. wool. cotton and
wooden fabrics, hides, leather, white pine
lumber, sashes and doors, iron and steel
bars, billets and rods. wire nails. barbed
.
corn. lard and sugar having advanced and
higher prices being expected for boots and
shoes Lower prices are recorded for cot
ton. wheat -four and coffee, while those
for oats, pork. print cloths. petroleum and
coal are unchanged.
As Viewed by Dun.
II. G.. Dun q Co., in their weekly re-
view of trade, say:
Failures in August were in number not
L..
in amount of liabilities 7Os per cent.
smaller July and August show a lower
average Of liabilities per failure than has
ever been known in any year or even in a
quarter Of the % years X. c.. Dun e Co.
have kept quarterly records. The improve
ment is also well distributed. extending TO
nearly every important branch Of business,
but in clothing, jewelry and uncassified
trading only two months OF the past forty
seven have shown smaller failures-in gen.
eral stores and furniture only g. in gro
ceries, hats and iron manufacture only
4; in hat and chemical manufa ctures only
5. and in clothing manufacture only 6
months of the AZ. The ratio Of defaulted
liabilities TO payments at clearing houses
has been smaller in July and August than
in any other month since early in 1898.
Wheat and Corn.
Wheat continued it's reaction until II
had fallen cents more. but then rose 3
cents with the first revival Of foreign buy
ing. Western receipts are very large.
though not quite as large as a year ago,
but Atlantic exports, flour included, rose
to 5534,75S bushels for the week, against
2175,453 last year. The estimates which
command confidence still indicate yield
of $50, 00O, 900 to $50, 900 900 bushels winter
wheat, turning out so much beyond expec-
tations as TO balance much of the loss in
spring wheat. Foreign accounts do not
improve, and unless much more deceptive
than usual the demand for America I
wheat will far exceed the quantity which
can be spared. Continued large exports
of corn and buying for export show still
more clearly the extent OF deficiencies
abroad Western receipts for the week
were 10065,47 bushels, against 3,160, 31s last
year, and such a movement at this season
implies a great export demand not yet re-
fected in outgo.
Failures for the past week have been
l91 in the United States, against 3S4 last
year. and % against 81 in Canada"