The star. (Reynoldsville, Pa.) 1892-1946, 1898-10-05
REVIEW OF TRADE.
The Finsncsl Condition Of Business Unususy Strong
Gotten Market Vary null

II. q. Dun & Co. in their weekly re-
view of trade report as follows for last
week: Failures in September have been
about S6,I00000. and for the quarter
about $22,s15,000. No report covering
the exact month or quarter is possible
this week but the returns indicate a
smaller aggregate of failures than I'm
any other month In many years, except
I'm August of this year. and smaller for
the quarter than in any other quarter
since 1892. In fact, excepting one quar-
ter in that year, no other appears to
nave shown smaller aggregate unless
more than 10 years ago, when the vol
ume of solvent business was very
much smaller than 1t is now. Evident
ly the complete returns to be given
next week will show that the state of
business is in that respect more satis-
factory than 1t has ever been. unless
in one quarter of 1892
Changes are all for the better ex-
cepting the fall of cotton to the lowest
point for SO years, and even the lowest
prices OF lS4S. considering difference of
qualities, where perhaps not lower
than prices this week. If there were
not on hand commercial and mill stocks
unusually large, or IL manufacturing
were more successful, early recovery
might seem probable. but the heavy
fall In material has affected the de-
mand for goods. causing buyers to ex-
pect still lower prices for them, al
though after the decline last week,
goods now average lower than ever be-
fore.
in the minor metals, slight weakness
In tin and lead does not indicate small
Ter consumption. while copper is strong
at 12Ac for lake, and spelter strong at
s432k.
With pig iron firm everywhere, in
spite of the extraordinary output. and
kps hal at hi
while valley producers report 230.000
tons sold for delivery before June
next, the consumption is evidently
growing. The weeks reported con-
tracts include one for 1900 tons pipe
from basic steel by the Standard Oil
Company, material for 1000 cars or
dered 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 quar-
ters below expectation, and shipments
are less active at Pittsburg, though
the mills are full of orders. Rail pro-
ducers are negotiating a new compact,
and the usual eastern price. SIS, Is said
to be shaded In some quarters. while 1t
is pending. But car locomotive. bridge
WOTk Is exceedingly
heavy, and there are no signs of de-
crease In the demand.
Wheat rose 2hc, but on Thursday
declined sharply. closing &c lower for
the week, notwithstanding very heavy
exports, amounting for the week to A.
9l1,022 bushels. against 5.092, 1856 bushels
last year, and for four weeks to 15,0l1,-
1862 bushels. against 20,681,3 ,315 bushels
last year. included. The usual
babel Of guesses does not change the
belief that the crop will be the largest
ever grown. and while farmers
throughout the West are holding back
again largely because OF the low prices,
the western receipts are now running
above even the extraordinary move-
ment year ago. both for the week
and month. Corn is a fraction lower
with some decrease In export Demand,
though the recent shipments would
have been considered heavy In any
year until the last, and can hardly be
continued long.
Failures for the week have been 1876
In the United States. against 1874 last
year. and II in Canada, against 81 last
year.