Evening journal., 1897-07-10
BUSINESS OUTLOOK.
A Tendency to Improvement Is Noticed
In Most Manufacturing branches.


Sew York. July lo--Dun's Review in
locking over the situation says: The
analysis OF failures for the half year,
S.9s7 in number. with liabilities amount
Ing to Sl09. .162.19f, shows that CONNER
cial failures were smaller than last year
by nearly $4,000 900. although failures Of
brokers and agents were larger by
N,100 600. and manufacturing failures
by $500 900 But the manufacturing
return would have been much the
smallest for four years but for a few
cotton failures at New Bedford. and de-
crease appears in most other branches.
The trading failures are smaller than
in the first half of the three previous
years. The average Of liabilities is low
er I'm trading and would be lower in
manufacturing but for the few cotton
failures than In the first half OF either
previous year In spite Of a few fall
ures attributed In court proceedings 10
misconduct, the tendency In most
branches Is toward improvement.
The strike OF bituminous coal miners
has taken $4,000 men or more from work.
and threatens TO restrict supplies Of fuel
IN some quarters though the West Nir-
ginia and some other mines which de-
cllned TO take part claim to .he able ia
meet the eastern demand for some
months. At the west the strike is by
no means unitedly sustained, and the
impression prevails that Il will not last
! long The tin plate works have settled
the wage question and are again busy
and show a production Of 4,500,000 boxes
yearly. with a capacity of 6.250 600 boxes
The bar mills have more trouble. but a
general settlement of iron and steel
wages Is expected without much delay
While the most cautious estimates Of
wheat yield have been advanced 70 5lb,-
900 bushels prices have been lifted
nearly 3is cents here although Atlantic
exports. -four included, We're for the
week 503,953 bushels, against l,4lS,33B
last year Western receipts are small
only 139i,632 bushels, against 2,9I3,iO9
last year. and the disposition OF FARM
ers to hold for higher figures isstrength-
ened by many foreign reports. IL seems
to be a fact that crops i'm other coun-
tries are less promising than usual, and
/ the demand for American wheat Is sup
/ plemented even at this season by ex-
ports of 2.6O5,59i bushels corn against
$50 6l0 bushels for the same week last
year. Each week raises the estimate
of wheat yield. however, and If the
] weather continues AdNNihHlt the 'A'i
may prove a most important factor In
the future OF national and international
business The prospect as TO corn Is
growing more cheerful with each week.
and an immense crop IS now antici-
| pated.
While imports Of foreign merchandise
at New York last week showed an in
crease Of 81 per cent, against decline
in exports. these conditions are evident
ly temporary. Imports will shrink ma
terially as soon as the tariff bill which
was passed by the senate on Wednes-
day goes into effect while exports VIII
increase with the more liberal move
ment OF new crops. The amount OF
payments through clearing houses is 81
per cent larger than last year and foi
July thus far per cent larger than IN
1892. Failures for the week have beer
2O6 IN the United States against 2l'
last year. and 80 in Canada against 3
last year.