The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-10-04
Dun & CO.'S REVIEW
The Failures of the Month
Very Small.
I~SIAGNATlON IN WOOL
COTTON LOWER THAN IT HAS
BEEN IN FIFTY YEARS.
AND RELIEF SEEMS VERY FAR AWAY
Demand for Boots and Shoss a Little Better.
Tin is Weak. Nickel is Higher. The
Great Crop Of Wheat.
l~SlAGNATlON IN WOOL
AND RELIEF SEEMS VERY FAR AWAY
Corn Lower.

New York. Sept. 3O.-R. CT. Dun AMI
Company in their Weekly Review of
Trade tomorrow will say:
Failures in September have been about
Sc. 100000, and for the quarter about
S22.S1o 900. No report covering the cNact
month or quarter IS possible this week
for = journal which must go to press OF
Friday, the 3Oth, but the returns indi-
cate Il smaller aggregate of failures than
in any other month in many years eN-
ccpt in August Of this year. and smaller
for the quarter than in any other quar-
ter since 1892. In fact, excepting for
the quarter in that year, no other Az
pears to have shown Il smaller aggregate
unless more than ten years ago, whca
the volume Of solvent business WAS
very much smaller than it is now. Evi-
IDENTIFY the complete returns to be given
next week will show that the state Of
business is in hat respect more salts
factory than it has ever been unless
III one quarter of lS.2.
Changes are all for the better excepting
the fall of cotton to the lowest point 70"
fifty years, and even the lowest prices
Of 1913. considering differences Of quail
ties. were perhaps not lower than prices
this week. If there were not ON hand
commercial and mill stocks unusually
large. or if manufacturing were more
successful early recovery might seem
probable. but the heavy fall in material
has affected the demand for goods. cauS-
ing buyers to expect still lower prices
for them. although after the decline laSi
week, goods now averaged lower than
ever before. While the stagnation in
wool continues, with sales even smaller
th1n III the same month of the panic
year. 1893. numerous mills have vtartcd
temporarily in order to get out sample
pieces. There have been no quotablc
decline in wool and scarcely any in goods.
the recent reduction having stimulated 4
lr@cr demand.
The demand for boots and shoes seems
Il little better. and recorded shipments
have been larger than in September Of
any year previous. except tho last. and
larger in any other year from January
LIST TO date. In the minor metals slight
weakness in tin and lead does not in
dictate smaller consumption. while coppeI
is strong at 12I cents for Lake. and
speltcr strong at 1921. Nickel is higher
at 81 to SO cents. and tin plates I'm
changed. in spite of the enormous in
crease in production. though the desire
to push smaller works into the conSolida-
ton which now commands III mills j.
said to threaten temporary decline.
With PIG IRON firm everywhere, in spite
Of the extraordinary output, and RcsSc-
mer held ut 1910 at Pittsburg. while
valley producers report 10000 tons sold
fer delivery before June next, the con
SUMPTION is evidently growing.
Wheat rose 2L, cents on Thursday. de
clincd sharply, closing = cents lower for
the week. Notwithstanding very heavy
cNnorts. amounting for the week to l.
OH .N22 against 1902. 1856 last year. and
for four weeks to 1901 500 bushels
against 20.G61, 31o last year, flour in
Guided. The usual babel of gucSScS docS
not change the belief that the crop will
b" The largest ever grown, and while
farmers throughout the West arc hold
ing back grain largely because of the
low prices. the Western receipts are
now running above wen the cXtraordina-
~ movements Il year ago. both for the
week and for the month.
Corn IS . fraction lower with some
decrease in export demand. even through
the recent shipments would nave been
considered heavy in any year until tic
last. and can hardly he continued long.
Failures for the week have been 100
in the United States against 1914 last
year and II in Canada against 81 last
wear.