The herald., 1897-07-03
Bradstreet's Reports

NEW YORK, July 2.-Bradstreets Cen
eral Review of Trade tomorrow will say:
Better weather has favorably affected the
sale of seasonable goods, particularly
clothing, hats and shoes. Orders for
prompt shipment are fewer, but the move
ment OF goods for fall delivery has begun.
The most encouraging feature is the con-
tinued and in some instances increased
confidence of merchants and manufacture
ers that the autumn will bring a large VOL
Gme of business at higher prices. General
trade is reported quite satisfactory at
Kansas City, ST. Louis Omaha, Memphis
and New Orleans, without special expan-
sion at Milwaukee. Minneapolis Cleveland,
| Savannah, Galveston and Chicago. and
slow or quiet at Birmingham, Little Rock,
Atlanta, Charleston. Cincinnati and De-
troit. None of the larger eastern centers
record an increase. The least favorable
feature of the week is found i'll disappoint-
ment at lack of demand and reaction in
cue .atiohs for some varie les of iron and
steel. The threatened strike of 200, ,o00 iron
and glass workers and soft coal miners
is, except in the latter instance, due in
Fart to the season of the year. The ex-
pei is of wheat flour included as wheat,
frcm both coasts of the United States and
from Montreal this week amount TO 2GG21-
SS3 bushels, against 2,156000 last week;
26C1,000 in the last week of June, 1896;
2O07 900 in the like week of 1885, 1850, 900 in
1894. and as compared with 3,667,000 in the
corresponding week of 1898.
There are 1924 business failures reported
by Bradstreets throughout the United
States during the past six months, O. fall
ing eff of 1853 during the corresponding
period of last year. Total liabilities of in
dividuals, firms and corporations failing
amount to $9S, 656, 600, a decrease o. $n,-
900 from the corresponding total last
year, and of s77, ,204, 900 from the liabilities
reported in the first half of the panic year
1892 This total Is also smaller than in the
first half of the year 1894 with which eN-
ceptior it is the largest recorded for the
six nc nths period in eighteen yanrs. While
there has been only moderate decline in
the number of failures since last year
liabilities have been unexpectedly in
creased by the embarrassment OF several
large manufacturing and other concerns
IN New England within the past quarter.
1t il worthy of note that the New England
states and territories alone among groups
of states and territories report increases
in number of failures compared with last
year.
There have been 1914 business failures re-
ported from Canada to Bradstreet's dur
Ing the past six months, 10 less than in
the first half of last year, with aggregate
liabilities amounting to %,618000, de-
crease of about per cent There are 80
fewer failures in the province of Ontario
and IS fewer in Quebec, but liabilities of
failing traders in the former show a
slight Increase, while those in the latter
indicate moderate decrease compared
with the corresponding period last year.
FINANCIAL REVIEW
Bradstreets Financial Review tomorrow
Will say: The decline in the stock market
which began last Tuesday was the natural
| result OF the accumulation of weak hold
ings OF long stocks and temptations to
| realize profits. The declines were not dis
proportioned to the extent of the preced-
ing advances in, the more active members
of the list and at the concessions O. con-
siderable buying power reasserted itself.
The LIQUIDATION and profit taking once ex-
hausted, the market steadied itself and
presented unmistakable indications that
the accumulation of stocks was once more
under way. The growing factor in the
market is the widespread bullish specula-
tive sentiment that had risen expected
profits and the general feeling in railroad
circles that period of improving traffic
and earnings is at hand. Current railroad
earnings continue to show only a moderate
improvement, though the figures of the
Burlington road for May, with an increase
of 900 in surplus over charges, was
better than expected. More or less bullish
talk, however, comes from higher railroad
circles and the insiders in a number Of
companies are credited with buying and
supporting their stocks. The Western
roads, 1t is declared, are holding rates
with remarkable vigor and only minor dis
agreements exist. while the traffic depart
| ments are straiping their energies to put
equipment in order for heavy summer and
autumn traffic, The resolution of the
trunk line authorities to restore east