The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-09-03
FAILURES FAR LESS
For August Than For Any
Month on Record.
BUSINESS FAR GREATER
With Every Prospect of Still
Further Expansion.


The smallest failures ever recorded II
any month for i've years were those on
August No other month since the monthly
reports were commenced by Dun's Review
exclusively, has shown defaulted HabiE ties
as small within s., 100 000. ana the ratio OF
such defaults 20 solvent business, repre-
scented by exchanges through all clearing
houses, only SlGS.10 in $4,000. Is smaller
by 500 per cent than IL any previous
Enontn, the cleaTings having been the larg-
est ever known IN August, ana Is per cent
larger than in 1892.
The enormous volume OF business IN d
month usually one Of the most inactive OF
! the year demands attention. Postpone
ment during the months OF waI OF some
( contracts, and purchases which have not
come forward. explains part Of the In
crease. and the strong absorption Of Sc
curities explains part, but there has also
been a great decline in the average Of
1 prices OF all commodities, so that il takes
( a much larger volume OF business in tons
or bushels 10 make up transactions
| amounting to millions more than in 1892.
/ II IS therefore strictly true that business
is larger than in the very best Of all past
| years, and yet there is every prospect OF
| acknowledgements.
! There is no room to doubt that the wheat
crop. even though It may fall a shade be-
low some estimates, will prove the largest
ever harvested. and although Beerbohm
estimates Europe's crop at 232, 000. 900 bush
els more than the last. that would be only
about an average yield, while other evil
dence is less favorable Foreign buying
has been strong, SO that Atlantic exports
for the week have been 8, 326, ST bushels,
against 1884. rs bushels last year and Pa
cif1c exports ass, SS1 bushels. against 252, 651
bushels last year. But receipts az the west
are increasing, and the price has dropped
cents for spot though the September
/ option is 7-Sc lower for the week. Corn
has fallen a fraction. later reports indi-
eating q less satisfactory yield and prob
ably not more than should be consumed
at home IN enlarging the stock OF enlmaIe
The advance OF a sixteenth in cotton. TO
5.s1 ents, has followed a little better mill
ing demand. with rather less favorable
reports of probable yield, but, the crop IS.
at the worst, likely to exceed the world 8
needs. The New Orleans Cotton Exchange
makes the output for the past year H.
199, 1894 bales and southern consumption l.
192, 621 bales.
The improvement IN the iron industry
has not only continued but becomes more
impressive because. after enormous buying
! OF materials has satisfied the needs of
great consumers for months to come, the
demand for products is so great that both
materials and products gradually advance
in price. Bessemer pig has risen TO $l055
at iPttsburg. Local coke and anthracite
foundry at the east are strong. and also
bars and plates advanced shade. with
most structural and plate mills filed with
orders for months to come and 1000 tons
OF rails sold at Chicago for delivery next
year. From the advance in tin plates. in
spite Of production far greater than was
thought possible not long ago. it is esti-
mated that the consumption OF steel in
that branch will be heavy. The wire nail
works also report a better demand. and the
output Of ConneHsville coke has started up.
gaining 10 900 tons for the week..
The wooden mills have rather better or
ders this week, but not enough "a yet to
warrant running nearly full force, with
the price Of wool held at the west much
above eastern markets and by those mar
kets about 10 cents higher than the mills
are bidding. In cotton manufacture there
IS better demand. with a sixteenth rise in
print cloths. though brown sheetings are
a shade lower The demand for other
goods is Still fairly strong.
Failures for the week have been III in
AGAINST last
and . in Canada. against . last year.
BRADSTREETS
New York. Sept 2-Bradsreet's tonor-
row Will say:
The advent of September finds fall trade
apparently in full swing at the west and
northwest and more reported dong at
southern Mississippi valley points in the
east. but the volume of business in WOODS
and dry goods in the latter section in
rather smaller than expected. Early re-
ports of large business doing during Au-
gust are confirmed by aggregated Of
months hank clearipgs. which show un-
precederlty large totals for that month.
little below. indeed. the immense monthly
aggregate q last winter.
Reports from the iron and steel trade
are in a high degree favo7s be, the Ton
mage movement being unprecedentedy
large and the tone % prices firm at ths
advances recently scored Business IL
STEEL IS exceptionally large and in the
west PARTICULARLY the output Is nn.Zed
orr.ly By the ability Of the mills to keep
up with orders
The western crop situation Jsrains
practically unchanged cash wheat beng
lower on a rather larger movement q
spring wheas. bat Inactive demand fo-
exp.or, has furnished sustaining power
Corn has been EZ1lsd By the weather in
SUPP. producing stairs. which IS dry
a1d no. wsth q steadying effect on prices.
The csose Of taa cotton year finds re
p-.oe OF that Staple slightly h.Tae- or p
po--s OF eSa-na-s 5y nm 10 the crop ~
the south A..artIc states From o-ne-
parts OF Ire sou1a. however, crop reports
quite favorable and yse-d ~
least equal 10 tEa- rea ize5 during tas
year JUS, ended Cl.l9l CO., : looked FOR
by many. 4 berts- t5-e IS evident n the
g-i-- c.oth market tins week an ~ adj
vance % - re- cent Is reported. i2rEe. ,
ne recon q 4 more ctee-Ful OUTLOOK
a. Fan R5veC. Fl-lures IA ire UHE-et
Stas=s az down 70 ve-y lov 5Ez-ss.
ru15s-lcg oz-y "a t1ts week against -
last v-esA. - in 1ss-. - =. lSs - II lss5
and - IN ls<i
D4s--b1tEye trade = active = re IVES;
ard ,7o-- invest WIKI dry zoo1s. ooots ard
shoes. has eags cas-. zl-laae-y. c-cga.7g
and hard ware = zsoss active olstri 51iio1
- 5o55ers. and i-oa. steal za9 Eloss q
lis produces p active 5--nzz5 al cor