Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1898-09-08
ALL RECORDS BROKEN
sank Clearing. Largest Ever Kno
for Aupust

Tor August.
New York, Sept. Or G nv, p.
No' weekly review of trade saws. Tho
smallest failures ever recorded !, anu
month foI five wears wer. ,hasa
august No other month since the
monthly reports We're commenced hy
DUN review. exclusively, has shov,
uetaulted liabilities AS small within
si,ooo,oOo, and the ratio Of sucb No..
laults to solvent business. rer,esa,,ol
ny exchanges through all clearing
houses, only Sl0S.1o in 500. 900, j.
shia Ter by 26.5 pen cent than in any
previous month. The cIeariurs INV.
peen the largest ever known in Aucust
"''d $50 per cent larger than in lS42
lhe enormous volume of business j.,
month usually one Of the most in
active of the year, demands attention
fostponement during the months of
war OF some contracts and purchases
Wh'ch have not come forward pxuluips
pant OF the increase. and tho struu,,
absorption of securities EXPLAINS mart
ont there mas also been a great decline
In the average OF prices of all COM
lhodltleS, SO that il takes a much lnrrpr
volume OF business in tons or bushels
10 make up transactions amounting to
million more than in 1892. II il
therefore, strictly true that business IL
larger IMAM III the very best of all past
years, and yet there is every prospect
OF much further increase.
There Is 10 room to doubt that the
wheat crop, even though it NAV fail a
shade below some estimates, will prove
the largest ever harvested, and al
'houEh heernohm estimates Europe 8
crop at 232 GOO, 900 bushels more than
the last year, that would be only about
an average yield, while other evidence
is less favorable. Foreign buving has
been strong, Atlantic exports for the
week having been 3,326,S7S bushels,
against 5,534,151 bushels last year,
and Pacific exports 1885, bushels,
against 25S, 65l bushels last year. But
receipts ut the West are increasing,
and the price has dropped > cents for
spot, though the September option is
Use lower for the week.
The Improvement in the iron indus.
try has not only continued, but be.
comes more impressive because enor-
nous business sales have satisfied the
needs OF great consumers for months
to come, the demand for products is SC
great that both materials and products
gradually advance in price.
Bessemer pig has arisen to $40. 50 at
Pittsburg; local coke at Chicago, and
anthracite foundry at the East, are
strong, and also bars and plates adj
vanced IA share, with most structural
and plate mills filled with orders for
months to come, and $4,000 tons OF
rails sold at Chicago for delivery next
year. The advance in tin plates, in
spite of production far greater than
was thought possible not long ago, is
evidence that the consumption Of steel
in that branch will be heavy. The
wire-nail works also report better de-
mand, and the output of Connellsville
coke has started up, gaining 10000
tons for the week.
The wooden mills have rather better
orders this week. but not enough as
yet to warrant running nearly full
force, with the price of wool held at
the West much above Eastern MAJ =
kets, and by those markets above lc
higher than the mills are bidding.
Failures for the week have been III
in the United States, against 1871 last
year, and 20 in Canada, against 20
last year.