The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-10-02


for Any Quarter for Twenty-Three
Years - Msnufacturiug aud Trading
Failures Lowest In Average Liabilities
of Any Quarter on Recoad-Some Fes-
lures Which Make the Showing More
Significant All Industries increasing
Force aud Some Raising Wages.
New York, Oct. Ia G. Dun & Co.'S
weekly review OF trade will say in its
issue tomorrow:
The failures during the third quarter
of 1897 obtained yesterday by telegraph
were 1905, with liabilities OF SIS, 1868, 261.
of which % were In banking. for s3.2s7.-
069. Commercial failures, 2,s74. with La
bilities OF s25,576, 1872, average only IS. S99
each, lower than in any other quarter
for twenty-three years. The amount Of
any defaulted liabilities Is the smallest
in any quarter for i've years, and in If
teen years only six quarters have shown
smaller liabilities. Manufacturing fall
ures, SOL, with liabilities of So. AL ,191. av-
erage but 81, iS1 each. and trading. 2,164.
with liabilities of s12, s25OS5. average but
IS. e27 each, both smaller in average OF IL
abilities than in any previous year Of
which classified records exist. The VOL
ume OF legitimate business continues a
little larger than in the same month OF
1892. for while the great increase of pa
per cent az New York for the week
might be supposed due TO a speculative
activity in spite Of the establishment
and growth OF a stock exchange clearing
house, yet payments through the princl-
pal clearing houses outside OF New York
exceeded those of 1892 by 30 per cent for
the week and 2 per cent for September.
New York makes settlements for a large
part OF the country and the daily aver
age including this city was in September
500 1854 900. against 1874 $50. 900 las:
year, s133 $40, 900 in 1894; sl22. 733, 900 in
1898, and s176. 327 900 in 1892. so that the
gain over the same month in the best Of
past years is Il per cent.
These evidences OF revlving prosperity
are the more important because prices
for most manufactured products have ad
vanced but moderately, and are below
the level OF 1892. while speculative mar
kets are all declining with curious una
nimity, as if the large crops which make
grain and cotton weak would not as
sure increased business 10 railways and
warrant better prices for stocks.
Specula non in wheat and cotton has
been set back by bright crop prospects.
The wheat estimates OF $50 900. 900 bush
els. about 10000. 900 bushels more than
would be required for food and seed.
leaving the smallest stock for SIX years
without replenehmenl, was followed by
decrease in foreign buying and caused
weakness. Yet western receipts for four
weeks were q ,s25.5 54 bushels agains.
-. O94 0i4 bushels for the same weeks last
Jear, and Atlantic exports. -four includ-
Cd as wheat. are 1925. lis bushels. az
against S.176,35f bushels las. year, while
Pacific shipments are aso very heavy
and corn exports are over : per cent
more than last year. The price of wheat
mas declined ) cents. and % corn nearly
, cents for the week. Dismal reports
have been frequent, bu; The market
shows more faith in predictions OF
large yield and he price has declined
quarter Of a cent for he pas. week
Turning from speculative markets 20
productive industry the change in zone
is striking. Al industries are pushed %
increase working force. w.th occasional
rise in rate u ages. 5y Eae growing de-
mand. This = largely for rspisnishment
OF stocks. but dispatche show thai REAL
trade az nearly AL northern points con
.inues 10 expand and dealers vel know
TIA: increase Of working force and q
wages iasurss d large. distribution o.
goods.
Numerous appeals for speedy deliver
les disclose more rapid Distribution a.
ready man has been expected. and 4
texdie manufactures the works are hin
de-ei from taxing a. liberal orders a.
;aey Nigh; by d315.s ABOUT future prices
though having enough . % f0r some
time TIE advance n cotton gods aas
been checked By ne decline u material.
su: in WOODEN s5o3s ne s1gSnce n prlcs
aas been small compared Elta ne rise y
WOO. which Z helped - stronger prices
az London s4les TIE dealings. manly
speculative. have amounted - ssS51 .i99
pounds \ fox weeks. ss.s7-.299 pounds
being domestic. pa rscen. ssles q ve-y
large l9,s .sgzes; taat 2-5h,-.asing nay
have begun
s.oxes % gain. becssse isss s1sc;ed
- re2lenixh-8e1t C: des.ers' socks ian
Other industries. The IN nsna:sc-1-e
azs been passed % ta:.aer eI2zn=l3l ~
growing demand fo- finished -VSi2-ss.
watch mas caused 3 little f3-t5e- a.
yzu-e n pri-ss. ShIse PIX zen = az
nizher. twenty-five cen.s - Bszslnes
:, Fi;-sosrg. wlta p3.cassess q. 1s.l'9
sons - one csacern- ent - H1aca a.gaet
~ z.ear2cl.s Nc. a. tie s4s-. El:a ~