The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-06-12
The Amount Of Detay|ted Liabilities the
Smallest Since 1895.
CROP PROSPECTS ARE REPORTED GOOD.
Very Small Amount Of Failures for
May-Prices Depressed Somewhat
The Enormous Outgo of Corn Con-
t}nues.

trade says: Line statement OF failures
in May by all branches of business
gives much encouragement. In the
amount of defaulted liabilities the
smallest since November, 1895; and in
trading liabilities the smallest since
September, except the last month in
1894. Failures Of general stores have
not been as small in any month as in
May, 1897; in only two months out of
thirty-six have there been smaller fail
ures in books and hats; only five in
groceries and not one trading class in
that month has reported failures larger
than half the preceding months,
though in furniture failures are rather
numerous. In clothing manufactures,
the month was the smallest except four
out of thirty-six, except five in chemi-
calls, six 10 wooden goods, seven in ma
chinery, lumber and miscellaneous
manufactures and exceeded the aggre-
gate in cotton goods and in earthen-
ware, owing to few failures of
small size. None can mistake the
meaning of such returns.
The statement that, except for the
temporary depression in prices, the
volume Of business transacted is now
larger than it was in 1S92-the year of
greatest prosperity-has been ques.
toned by some. But comparison of
prices this week in the leading branches
OF manufacture not only confirms that
view but shows "a remarkable similar
ity to the course of prices in the earl
Ter months of 1879, when the most
wonderful advance in production and
prices ever known in this or any other
country, was close at hand.
There is no improvement in the
market for products. Cotton is not
higher, and the belief that the next
crop will be large, in spite Of the
floods, is general, while the demand
for goods does not change, although in
this country it is large enough TO keep
the market for most goods steady.
Nor is there any satisfactory demand
for WOODEN goods and the sales of wool
for the week have been only $3.50, 900 |
and for five weeks 34,64l, 400, !
against 26,800,l5 in the correspond |
ing weeks OF 1892. The transactions
greatly exceed the demands of the
mills, although they are larger of late
because manufacturers of WOODEN goods
have steadily been decreasing orders.
The iron industry is apparently ex-
pandiug production and is continually
getting larger contracts, in part be-
cause OF very low prices, one cent be-
hg made for beams. Bessemer pig is
stronger and grey forge is q shade
over, under pressure of Southern
'nxiety to sell. The rail mills are all
ull. A large demand has advanced
prices of nails SO cents per key. Tin
s very firm. Lead is in fair demand.
crop prospects are so good that the ru-
nors customary at this season have no
ttention. The receipts at Western
Joints are 2,05S, 795 bushels, against
,006, Ats last year, and the Atlantic
xports, flour included, were 2,155,-
81 bushels, against 2,3S9.852 last
ear.
The enormous outgo of corn con-
lnues, receipts having been 5,921,0 23
ushels, against 2,609,9s last year,
nd the exports were 1926, 566 bush
[s. against 1928, 316 last year.
Failures for the week have been 241 !
the United States, against 235 last !
ear, and 80 in Canada, against 20 last I
ear. IL