Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-06-05
BRADsTREET AND Dun.
Statement of Failures Gives En-
courngement.

NEW YORK, June 4.-Bradstreets to'
morrow will say: The only favorable iea
lures of trade are encouragement at 'n'
outlook for fall business and improvement III
I'm the demand. for and the prices or lroi
and steel. Crops at the Southwest, pal
ticularly in Texas. have improved VIZ
seasonable rains, and the prospect iN iaNoi
larger exports of wheat from w IL a.. a.'Is, -
coast. 4 fairly satisfactory JoppilS tLaII' tL.I
continues at leading cities IN the hoiln
western spring-wheat states. no
Business as whole shows no pro.
nounced activity, ana tti tnS u ~ ,'oiu,nt
funds is 10 accumulate. While the voiuih'
of business exceeds that OF year aso
as In does in few lines, pronts are ire
quently so reduced as 10 render thls
years's movement less Satisfactory vi vi
ders for dry goods, clothing, ana SHOES
for nearby delivery have fallen on; me
anticipated midsummer industrial uis-
turbances, particularly in iron ana steel !
promise 10 influence business uniaVoraDiy
during the summer months. 49,
The exports of wheat (fiOur included Us
WheaD from both coasts OF the United
States and Montreal this week ainouh'
to 2620O 900 bushels, compared WIN I'Ooi,
900 bushels last week, 3.D5OVO pushe's III
the week a year ago, 1891 900 bushels TWO
wears ago, 2,1A2OO bushels tnfee year
ago and as consrasted with 5olu,OV Dush-
els in the corresponding week OF ls55 Inc me
exports OF Indian corn amount 70 Z,5ye'Vyl
bushels this week. compared with 2,lSo,CO
bushels last week 5000 bushels IN the
week year ago. lli9,00 bushels two
wears ago. $4,000 bushels three years ago
and as contrasted win o-5,VvD puSHeiS A'
the like week OF 1898.
There were 1877 business failures re-
ported throughout the United states thls
week. a sharp falling OF from last week,
when the total was 2ol. me ,, total one on.
wear and two years ago was Z'5 in each
instance. and in the like week or 1874 IL
was 201.
There were 81 business failures reported
from Canada this week, against ~ iast
week. % in the week year ago, and u
two years ago Hamilton ana Halifax
show an increase Of SO per cent. Tor May,
1896, compared with the IKE total year
ago. and OF "a per cent IN the hrst nVe
months OF the current year, as compared
with the like total last year.
Messrs. r. G.. Dun * Co.'S weekly re-
view of trade tomorrow Will say: The
statement OF failures in many branches or
business gives much encouragement. In
amount OF defaulted liabilities the month
was the smallest since September, l&J
I'm manufacturing liabilities the smallest
since November. 1885, and IN trading ia
bilities the smallest except the last
month since September. 1894. The failures
of general stores have not been as small
in any month as In May. 1887. In only
two months out OF thirty-six have there
been smaller failures in books and hats,
only, five In groceries ana ho.ions, has ,1s Ihs
taiures larger than in half the pre-
cedIng months, though in furniture the
failures are rather numerous. In the
clothing manufacture. the month was the
smallest. except four. out OF thirty-six, ,
the smallest except five In chemicals, SIX
ia woollen goods seven in machinery
lumber. and miscellaneous manufactures,
and exceeded the average only In iron and
cotton goods and earthenware, owing to
a few failures OF exceptional size. No
body can mistake the meaning OF such
returns.
The statement that except for the
temporary depression In prices. the vol
ume Of business transacted IL now larger