The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-04-10
MUCH IMPROVEMENT.
Dun & Company Have Implicit Faith ID
Better Times Ahead In Bust.
ness Circles.

New York, April 9-R. G. Dun &
Co.'S weekly Review of Trade tomorrow
will say:
out of 1905 failures with liabilities
of $60,752,561 in the first quarter, "a
banking failures covered more than a
fifth of the amount, $12, 1850 and g.
345 failures with liabilities of $35, ,947, ,S92
or nearly three-fifths are classified this
week according to branches of busi-
ness, leaving only 5S7 failures and less
than a fifth Of the liabilities, 81, ,060, ,019,
in branches of manufacture or trade
not specified. Only two of the thirteen
manufacturing classes and only four
of the thirteen trading classes show
liabilities for the quarter larger than
last year, and only five manufacturing
and three trading show larger average
liabilities. For the month of March,
only three manufacturing and four
trading classes show larger amounts
than last year, and only two manufac-
turing and five trading show a larger
average Of liabilities. In almost every
case, Also It is shown that the increase
is due to one or two exceptionally large
failures in that class. The returns,
| compared with those of three previous
years, disclose much improvement al
| ready, and a bright prospect for more
| hereafter.
A sudden collapse in the wheat mar
ket, exceeding three cents in a day, ap-
pears to have no other cause than a
belated perception that past accepted
| estimates of yield and consumption
official and other have been misleading.
| Floods and unfavorable weather and
high prices burst like a bubble, and for
a time the only support was the taking
of profits by spectators for a fall
| Facts have not warranted hopes of d
| great advance, nor do they now war
rant much expectation of decline.
| Western receipts are smaller than last
year and Atlantic exports are not
| large, though over 60 per cent. larger
than a year ago. Corn receipts con-
tinue heavy and exports for the week
We're 1928, 1897 bushels against 1,142, 40
last year, and against Atlantic exports
of wheat amounting, -four included, to
only 1,521, ,122 bushels against 967, ,553 last
year.
| Speculation in wool has been checked
| by the possibility that duties may take
effect May l and some large shipments
| from abroad have been countermanded,
| w illlG lldutIS mere are less ulSDOSeu TO
j SELL But trading between dealers
| makes up more than half the sales of
IL, ,7S9, 400 pounds for the week and since
| sales in six weeks at three markets
have been 76,464, 800 pounds, it is not
| improbable that many mills have, as is
claimed, a full years supply. The de-
man for mems goods has diminished,
the first round of purchases having
been completed by many buyers with
results fairly encoura ging and the de-
mand for dress goods, especially of the
lower grades, has caused an advance of
per cent in some lines.
The steel and iron industry is ham,
pered by the contest between Mesabi
ore interests which prevents as yet any
settlement of ore prices and leads many
to expect further decline in finished
products. The Illinois Steel works, the
Lake Erie works at Cleveland and the
works OF Oliver & Co. and Byers G. Co
at Pittsburg, are stopped by labor diff
| ficulties and some furnaces have
stopped because the production of PIC
had outrun the demand for finished
products and heavy stocks remained
unsold. Bessemer pig at Pittsburs
brings only so and grey forge only
$S.75, the lowest on record, but no quot
able decline is seen in finished products
and nails are strong.