Omaha daily bee., 1898-06-04
SMALL NUNBERdF FAILURES
Decrease in the Month of May in Spite of
War opetstiOns,
RESULT IS DECIDEDLY ENCOURAGING
showing IL better rhan Last Year
with No war ana. BETTER Than
in n same Month Two
Years Ago.

NEW YORK. June S.-R. G.. Dun & Co.'S
Weekly Review Of Trade will say in its re-
view tomorrow:
May having been the first full month OF
actual war, the fact that failures in that
month were smaller. even though but little
than In the corresponding month last year
and nearly 10 per cent smaller than in May
1876, is somewhat encouraging, the more
because a year ago the remarkable decrease
in May gave proof of the heavy improve
uient in business. which made the year sc
gratifying in general results.
Large failures were eight in manufacture
ing for S2,SS5. 900 this year, against thirteen
for 1856, 900 last year, and in trading, five
for $500. 600. against ten for l,5Zd, 900 IN
1897. Hesitation in extending usual credits
soon after war began naturally affected
weak more than strong concerns, but II
soon gave place to steady and increasing
confidence.
Wheat dropped 74c from the highest point
after the May deal eliminated ami has since
been weaker for July because of accounts
promising an enormous yield. Those who
were nearest the truth last year now pre-.
dict about 700, 600. 600 bushels for iS1S, anC
all accounts make acreage much larger anC
conditions much better than Il year ago
But with Sl.l5 still paid for No. 2 red IN
elevators, and a foreign demand taking
4.294, 4gS bushels, flour inciudcd. from Vt.
lantic ports, for the week. against 2.ln5.1 Isl
last year. and $50, 439 from Pacific ports
against 74.929 last year, the decline Cvi'
IDENTIFY hastens the marketing OF surplus
and gives the new crop a better chance.
1t Is not less surprising that western re-
ceipts for the week were A,263 $50 bushels
against 2,O99, 1915 last year, although tn croI
has been by some supposed almost cN'
haustcl, and corn receipts were also ',IOG,'
4b1 bushels, against 6,ll6, o23 last year.
Exports of corn for the week have beer
1881. S21 bushels. against 1926 sec last year
and for the first time in history exports o
each grain have about reached 200, 600, GOT
bushels in the same year.
OF all the great industries the cotton man,
u%facture only gives some sign Of shrinliage
cotton having dropped a sixteenth durini
the week, after a rise in goods averaging
for the month about l per cent, thus render
ing the marketing of accumulated stocks
somewhat more difficult. But print cloth.
have advanced and in most staple goods tn
demand is improving.
Woolen mills are encouraged by a some
what larger demand for goods, in part from
government orders. and are averaging abou
l per cent better prices for goods than
month ago. There is not much demand 70
wool. which is still held IN the main abov,
the views of manufacturers, and prices havt
declined an average of tc for the month.
The iron and s~teeiJt manufacture lead
all others in gain over previous years, Il
consumption of pig iron being apparentl.
more than a million tons per month, o
22S. 900 tons each week. against 10. 50 ton
per week in May, 1892. an increase OF 3i.
per cent. Works beyond the Alleghenies ar
| CROW ded with business. and while some cas-
ern concerns are running part time, mostl,
bar mills. the government demand is fel
most in this section. .,f
Above all others in significance is tn
wholly unprecedented demand from agri
cultural implement works, which throw II
the shade all their past orders, while III,
plate and rail manufacturers are beatlri
all records. partly wtthsfo"e gn orders. on
with Canada havinGIb been placed at Chica:
for u. 900 tons. Structural work is heavy
the west furnishing a large share of II, an
in sheet bars and rods for fencing tn
orders are large. Prices of pig have beel
somewhat strengthened by enormous buyini
orders for Bessemer and basic at PittsburI
and of charcoal at Chicago.
r%aIiGres for tn" week have been 222 IL
the United States, against 24l last year
AID sixteen in Canada, against thirty w
last Year.