The herald., 1898-10-01
Dun & Co.'s Review

NEW YORK, Sept. O.-R. G.. Dun &
Cos Weekly Review of Trade will say TO-
morrow:
Failures in September have been about
So 900. 900, and for the quarter about s22, ,s75.-
600. No report covering the exact month or
quarter is possible thls week for journal
which must 60 to press On Friday, the
Goth, but the returns indicate a smaller ag
gregate Of failures than In any other month
In maEy years, except in August OF this
year. and smaller for the quarter than In
one quarter in that year, no other appears
to have shown a smaller aggregate, urless
more thar ten Years ago, wnen the volume
han now. Evidently the complete returns
20 be given NEXT week viii SHOW that he,
state of business In that respect is more sat
ha ausrer ha9 Of s ass cSans sesn r Sns ali for or
the better, excepting the fall Of cotton to
the lowest point fol-. fifty years, and even
the lowest prices. of 1S4S, considering the
lower than prices this week. II there were
rsot on hand commercial and mim stocks
unusually large, early recovery might seem
affected the demand for goods, causing
buyers to expect still lower prices for cot
ton. While the stagnatJon r' wool con-
same month in the pandc year OF 1893, nu-
merous mills have started Temporarily in
order 20 get out sample prices. There has
beeIi mo, quot9ble, DECLINE in. wool, and
ing stimulated q large demand
The demand for boots and shoes seems a
nttie better and recorded shipments have
beer, larger than In September Of any year.
except the last, and larger than in any
other year from january 1St up to date.
In the mirlor metals, slight weaknesses
In tirj and dead do not Indicate smaller
consumption, while copper Is strong at
1925 cents for lake, and spelter strong at
4.S2h cents. Nickel is higher at IS to IS
cents and tini plates unchanged, In spite
~ tv1aH So IN dtrnt nv,
though the desire to push smaller works
into the consolidation. which now COM
mands ia mills, stated to threaten tenn
where, in spite Of the ex ira ordinary output
md bessemer held at $10.45 at Pittsburg
wMte valley producers report $4,000 tons
sold for delivery before June next. the con-
sumption is evidently growing.
The weeks reported contracts Include
company, ma ierial for 1000 cars ordered by
twelve ordinary and two large buildings
and heavy orders for plates partly for two
lake vessels and partly for eastern ship
ever. The demand for from bars, owing to
Increased use of steel, Is in some quarters
below expectations, and shipments are less
actdye ., at i1;sbyrg Though the mills are
attng a compact, and the usual priceI$ls is
said to be shaded I'M some quarters while
1t Is pending. But car, locomotive. bridge
and structural work Is exceedingly heavy,
and there are no signs of dIecreaSe I'm the
demand. ,
Wheat rose ~ cents, but on Thursday
for the week, n,otwtthet anding very heavy
exports, amounting for the week to ,9l1 ,022
bushels, agadst 6092, ,1sS last year, and for
four weeks TO 15O11 ,692 bushels. against
90 ,661 ,3l6 last year, flour 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
H.N15 5(v.hr 1ro<7l 1nv 10
cause Of low prices, the western receipts
are now running above the extraordinary
movement Of a year ago, both for the week
and month.
Failures for the week have been 1876 in
the United States, against 1874 last year, and
II in Canada, against "a last year.