The record-union., 1897-10-02


Products.
NEW YORK, Oct. L-R. G. Dunn &
CO. Weekly Review Of Trade" viii
say tomorrow:
The failures during the third quar-
ter of 1891 obtained yesterday by tele-
graph. were 1908, with liabilities Of
SOS. .963. .261. Of which % were in bank
ing for SO. $50. C69. Commercial failures
were 2.S74, with liabilities of S25, $40,
1872. average only $500 each. lower
than in any quarter for twenty three
years The amount of defaulted iabii-
ties is the smallest in any quarter for
five years, and in fifteen years only six
quarters have shown smaller liabih-
ties Manufacturing failures 615, IL
abilities of 50, ,431 .191, average but $14,-
4s5 each, and trading 2164, with liabil-
tiles Of So, ,S25. .065 average but $500
each. both smaller in average of liabili-
ties than in any previous years of which
classified records exist.
The volume Of legitimate business
continues a little larger than in the
same month Of 1892, for which the
great increase Of 27.4 per cent. at New
7 lUIk ItI Alt AtEh iilienN NC ooRPC@7NN
due to speculative activity in spite of
the establishment and growth OF
stock exchange clearing g-houses out
side Of New York exceeded those Of
1892 by 80 Ter cent. for the week and
30 per cent for September. New YORK
makes settlement for a large part of the
country. and the daily average, includ-
ikg this city. was in September $2U6,-
81 $50. against S134, S59. coo in 1899,
S133. $4,000 in 1894, SD, ,S33,O0O in
1893. and SIG, ,327 GOO in 1892, so that
the gain for the same month IN the
best Of the past years is no per cent.
The evidences of reviving prosperity
are the more important, because prices
for manufactured products have ad-
vanced but moderately, and are below
the level of 1899, while speculative
markets are all resting with curious
unanimity as if the large crops which
grain and cotton weak would not as
sumo increased business to railways
and warrant better prices for stocks.
Speculation in wheat and cotton has
been set back by bright crop prospects
The wheat estimates Of 590,0OO,OOO
bushels is about 200,000,000 bushels
more than would be required for food
and seed. leaving the smallest stocks
for six years without repIenishment,
and followed by decrease in foreign
buving would cause weakness. Yet
Western receipts for four weeks were
81. S25, ,554 bushels, against 24O94 O44
bushels for the same weeks last year,
and Atlantic exports, flour included,
are 16.325.11S bushels, against S,116,-
364 bushels last year, while Paclnc
shipn1ents are also very heavy, and
corn crop exports continue over per
cent. more than last year. The price
of wheat has declined ; cents and corn
nearly , cents for the week. Dismal
reports have been frequent, but the
market shows more faith in predictions
of a large yield, and the per cent. has
declined a quarter of cent for the
week
Turning from a speculative market
to a productive industry, the change
in tone is striking All industries are
pushed to increased working force, With
occasional rise in rate Of wages by the
growing demand This is largely for
the replenishment of stocks, but dis
matches show that retail trade at nearly
all northern points continues to expand
ana UEdlGlS MCAt hAlOfN NA4c1I AA-~A
working force and of wages insures a
larger distribution of goods
Numerous appeals for speedy deliv-
cries disclose more rapid distribution
already than had been expected, and
in textile manufactures the works are
hindered from taking as liberal or
ders as they might, though having
enough to do for some time. The ad-
vance in cotton goods has been checked
by the decline in material. but in wool
en- goods the advance in prices has
been small compared with the rise In
wool. which is helped by stronger prices
at London sales. The dealings, mainly
speculative, have amounted to 66.30l'
100 pounds in four weeks, 4S,512,20
being domestic Sales of very large
lots suggest that profit-taking may
have begun.
slower to gain, because less affected
nv replenishment of dealers in stocks
than other industries. the iron manu-
facture has been pushed to further ex-
mansion by the growing demand for in
3sbed rroducts. which has caused a lit
41a further advance in prices, while pig
iron is also higher. % cents for Besse
rner at Pittsburg, with purchases OF 30
600 tons by one concern The averag'
advance in all iron and steel prices
90 per cent. from the lowest. is still
restricted by addition of many fur
naces and other works Of those in op
Grafton.
Failures for the week have been 10
in the United States. against 299 las
year. and "a in Canada, aginst 40 las
year.
NEW YORK. Oct 1.-"Bradstreet's s
tomorrow will say:
General trade is marked by Increases