The star. (Reynoldsville, Pa.) 1892-1946, 1897-06-09
MUCH ENCOURAGED.
Dun Sees Only Good in The Present
Situation.

Dun Sees Only Good in The Present
Situation.
II. q. Dun 4 Co.'S weekly review OF trade
tomorrow says:
The statement OF failures in May by
brancoes OF business gives much encourage
ment. In amount Of deiaulted liabilities the
month was the smallest since September,
1895; In manufacturing liabilities the smallest
since November, 1895, and In trading limits
the smallest since September, except the last
month In 1894. Failures OF general stores
have not been as small in any month as 1897.
as only two months Of thirty-six have there
been smaller failures in books and hats, only
flve In groceries and not one trading class In
that month has reported failures larger than
In the half preceding months. though in
furniture failures aIe rather numerous.
The statement that except for the tempor-
ary depression In prices the volume OF bust
ness transacted is now larger than IL was In
lSg2-the year OF greatest persperity--hns
been questioned by some. But comparison
OF prices this week In the leading branches
OF manufacture not only confirms that view,
but shows remarkable similarity to the
course OF prices In the earlier months OF
1879, when the most wonderful advance In
production and prices ever known In this or
any other country was close at hand. The
key OF the situation is the exclusive produc-
tion OF some goods In advance OF an expect
ed Increase In demand. SO In 1879 consump-
tion gradually gained, month by month, un-
I'll suddenly IL was found that the demand
was greater than the possible supply. All
know how prices then advanced and the
most marvellous progress in the history OF
any country resulted within two years Re-
ports from all parts Of the country now
show that retail distribution OF products Ia
unusually large and increasing. There Ia no
Improvement In the market for farm pro-
ducts 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 coun-
try it is large enough. Nor is there any
| satisfactory demand for wooden goods.
:. The iron industry is apparently expanding
| production, and is certainly getting larger
contracts, in part because Of very low prices
10 being made for beams. Bessemer pig il
| stronger and gray forge a shade weaker IN
der pressure Of southern anxiety to sell.
The rail mills are oil full, the Illinois Steel
Company having orders for a railway and
| bridges In Corea, and there is better demand
| for plates and Sheets and from makes OF ag-
ricuitural implements at Chicago for bars.
| shipments OF iron ore from Duluth far ex-
ceed those OF any previous year. both the
! Minnesota Iron Company and the Carnegie
/ mills shipping over 10O, 900 tons each per
week. While the rod combination mas not
| yet been formed, expectation of 1t with a
| lHrEt NemhDu mas advanced prices OF nuil9
| &c per keg. Tin Is very firm in spite OF a
visible supply OF "a, 436 tons at S13 so, and
there are larger dealings in copper, not
above lie for lake. Lead is In fair demand
Mt 3jlA c,and tin plates are still selling ut S3 30
| for full weight American.
Crop prospects are so good that the ru-
NOR customary at this season have no atten-
tion. 1t was stated week ago that along
the northwestern roads prospects were re-
markably bright, and highly favorable re-
ports have since appeared from Kansas and
from Texas are given in dispatches from the
Pacific coast The receipts from Western
points are 2.05S,795 bushels. against ], ,0O6,-
AIS last year, and the Atlantic exports. flour
included. were 2165,7s7 bushels, agains,
S2,339,s52 last year. The enormous outgo
cs co:n continues, receipts having been
5,3s2,000 bushels, against 1850, 620 bushels
for the same week last year, and the ex-
ports were 1926. 566 bushels, against / ,2s3,-
3l6 last year.
Failures for tho week have been 241 In the
United States, against 234 last year, and 8:
In Canada, against 20 last yeBr.