The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-03
TRADE DISASTERS FOR THE FIRST
HALF OF THE YEAR SUMMED
UP.
SHARP DECREASE IN NUMBER.
THE TOTAL OF LIABILITIES ALSO
SMALLER THAN FOR LAST
YEAR.
CONFIDENCE IN sIGHK
Larger Movement at Better Prices
Expected with the Early Au-
tumn-ReactiOn I'm Iron.

NEW YORK, July O. Bradstreet's
tomorrow will say: Better weather
has favorably affected the sale Of
seasonable goods, particularly cloth
ing, hats and shoes. Orders for prompt
shipment are fewer, but the movement
OF goods for fall delivery has begun.
The most encouraging feature is the
continued, and, In some instances, in,
creased confidence of merchants and
manufacturers that the autumn will
bring a large volume Of business at
higher prices. General trade is re-
ported quite satisfactory at Kansas
City, st. Louis, Omaha, Memphis and
New Orleans; fair without special ex-
pansion at Milwaukee. st. Paul, Min
neapolis, Cleveland, Savannah, Gal
weston and Chicago and slow or quiet
at Birmingham, Little Rock, Atlanta,
Charleston, Cincinnati and Detroit.
None of the large Eastern centers
record an increase. The largest favor
able feature of the week Is found IN
disappointment at lack Of demand and
reaction in quotations for some var
ieties Of iron and steel. The threatened
idleness of two hundred thousand iron,
steel and glass workers and soft coal
miners is, except in the latter instance,
due in part, to the season Of the year.
Exports of wheat flour includedJ
from both coasts Of the United States
and from Montreal this week amount
to 2,676,S83 bushels against 2,156,000
bushels last week; 2.601,00 bushels in
the last week of June, 1896; 2,0O7, 900
bushels in the like week of 1895; 1885,
900 bushels in 1894 and as compared
with 3,677,O00 bushels in the cores
ponding week in 1893. Exports Of
corn amount to 1928, 1898 bushels this
week, as compared with 2,2S1, 900 bushels
last week; 1888, 900 bushels in the cor
responding week last year; 1886, 900
bushels in the like week of 1895; 500 900
bushels in the corresponding week OF
1893.
There are 1924 business failures re-
ported by Bradstreets throughout the
United States during the last six
months, a falling off of 5,708 from the
like total last year, with which excep-
ton, it is the largest aggregate of
failures in like period. Total liza
bilities of individuals, firms and cor
porations failing amount TO $50. ,0OG,
a decrease of $11 ,379, 900 from the cor
responding total last year and of ST.
900 from the liabilities reported in
the first half of the panic year, 1893.
This total is also smaller than in the
first half of the year 1894, with which
exceptions it is the largest recorded
for the six months period in eighteen
years. While there has been only
moderate decline in the number of
failures since last year, liabilities have
been unexpectedly increased by the
embarrassment of several large manu-
featuring an other concerns in New
England within the past quarter. 1t
is worthy of note that the New Eng
land states and the territories, alone
among groups of states and territories
report increases in number of failures
compared with last year.
There have been Loaf business fail
ures reported from the Dominion of
Canada to Bradstreet's during the past
six months, no less than in the first
half of last year, with aggregate la
bilities amounting to $7,618, 900, a de-
crease of about seven per cent There
are 81 fewer failures in the province
of Ontario, and 85 fewer in Quebec. but
Liabilities of failing traders in the
former show a slight increase, while
those in the latter indicate a moderate
decrease compared with the CORES
pond1ng period last year.