The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-10-01
LON FAILURE FIGURES
September and the Quarter
Next to the Record.
METAL VALUES STRONG
Wheat Crop Will be the
Largest Ever Grown.
METAL VALUES STRONG

New York, Sept. 3o.-R, G. Dun & Co.'S
Weekly Review OF Trade will say tomor-
row:
Failures IN septeber have been about
$4,000. No report covering the exact
month or quarter Is possible this week for
journal which must go TO press on Fri
day. the SOth. but the returns indicate a
smaller aggregate of failures than in any
other month in many years, except in
August of this year, and smaller for the
quarter than in any quarter since 1892
In fact, excepting one quarter in that
| year, no other appears to havs shown a
| smaller aggregate unless more than ten
| years ago. when the volume of solvent
business was very much smaller than it is
now. Evidently the complete returns to
be given next week win show the state of
| business in that respect more satisfactory
than it has ever been until this quarter OF
1892
Changes are all for the better, excepting
the fall Of cotton to the lowest point for
! fifty years, and even the lowest prices Of
lS4S considering differences Of quality,
were perhaps not lower than prices this
| week. If there were not on hand CONNER
| cal and mill stocks unusually large, or il
| manufacturing were more successful, early
reserves might seem probable, but the
heavy fall in material has affected the
demand for goods, causing buyers to ex-
| pect still lower prices for cotton. Since
| the decline last week, goods now average
lower than ever before.
| While the stagnation in wool continues,
and sales are smaller than in the month
of the panic year, 1893, numerous mills
have started temporarily in order to get
out sample pieces. There has been no
quotable decline in wool and scarcely any
in goods, the recent reduction having
stimulated a larger demand.
The demand for boots and shoes seems
little better, and recorded shipments have
been larger than in September of any
year previous, except the last and larger
than in any other year from January
to date In the minor metals slight weak
ness in tin and lead does no indicate
smaller consumption, while copper is strong
at u IA cents for lake, and spelter strong
at 1892 IL. Nickel is higher, at So to IS
cents, and tin plates unchanged, in spite
OF enormous increase in production, though
the desire to push smaller works into the
consolidation which now commands LA
mills is said to threaten temporary de-
cline.
With pig iron firm everywhere, IN spite
of the extraordinary output, and bessemer
held at $1045 al Pittsburg while valley
producers report 10000 tons sold for de-
livery before June next, the consumption
is evidently growing. The weeks reported
contracts include one for 1900 tons pipe
from basic steel by the Standard Oil COM
pany; aterial for 1000 cars, ordered by
the Pennsylvania; structural work for
many ordinary, and two large buildings,
and heavy orders for plates, partly for
two lake vessels and partly for eastern
shipyards, which have larger business than
ever. The demand for iron bars. owing to
increased use of steel, is in some quarters
below expectation, and shipments are less
active at Pittsburg, though the mills are
full of orders Rail producers are negotiat-
ing a new compact and the usual eastern
price, SIS. is said to be shaded in some
quarters while it is pending. But car. To-
connective bridge and structural work is
exceedingly heavy and there are no signs
of decrease in the demand.
Wheat rose 2 IL cents, but on Thursday
declined sharply. closing 2 cents lower for
the week. notwithstanding very heavy ex-
ports, amounting for the week to 4s11, 90
bushels, against 5G92. 1856 bushels last year,
! and for four weeks to -. OH 962 bushels.
/ against 2O,eS1 .S16 last year, -four included.
] III l.
the belief that the crop will be the largest
ever grown, and while farmers throughout
the west are holding back grain largely
because of the low prices. the western re-
ceipts are ow running above the extra
ordinary movement Of a year ago.
Corn is d fraction lower. with some de-
| crease in export demand. though the re-
cent shipments would have been consid-
cred heavy in any year until the last, and
can hardly he continued long
Failures for the week have been 1a5 in
! the United States, against 194 last year,
and II n Canada, against "a last year.
BRADSTREETS
| New York. Sept S0.-Bradstreet' tomor-
row will say:
Though rather quieter conditions are re-
/ the volume Of business doing the country
over, a very heavy one, is slightly smaller
| so far as bank clearings would indicate,
than IN September a year ago but CON-
| pairing very favoraibly with corresp pond
| ing periods in all preceding years. While
| the edge appears to have been taken OF
! the active demand for some time noted
! in the west and northwest and the inpo-
sitton of yellow fever guarantees and tho
low price of cotton in the south have hurt
trade in that section, there have been
on the other hand. rather better repors
received from the leading eastern and
middle staua cities, pointing 20 6 fuller
/ development of the long expected fan
/ trade. Accompanying cAis slight shifting
/ Of activity from ore section 81 the coU1-
/ Try 20 the other has been q continued
/ heavy export movement OF leading ce-e-
ais. unprecedented activity in the manu-
+ fa,,ture OF nearly all lines OF iron and
/ steel. and continued good reports as 70
listing for choice wheat sympathetic