The daily morning journal and courier., 1898-08-06
WEEKLY REVIEW OF TRADE
PR0SPECTS OF PEACE STIMULATE
 MANY KINDS OF BUSINESS.

The July Failures Were In Number
 Fewer This Year Than In Any of the
 Four Preceding Years.
 New York, Aug 5.-R. G. Dun & Co.'S weekly review will say tomorrow: The July failures were in number fewer this year than in any of the four pre- ceding years, and in amount of liabili- ties, smaller than in any year excepting smallest in any month on record. Pros poets of peace stimulate many kinds of business. In spite of records, the inn pression prevails that delay and hesi- tation have legitimately resulted from war, and larger contracts are in fact coming forward for iron products with better general demand in most indus tries. the volume of payments through all clearing houses was the largest ever known in July.
 Most industrial works have resumed after a shorter vacation, with fewer participating than usual. A few labor troubles only call attention to the fact that this season has been remarkably free from such hindrances. In spite of a promise of 7O0,O0O,00O bushels of wheat, the price is 21s cents higher for hn foy la have been only 1,7S4,347 bushels against 2,725,090 last year, and crop advices are so favorable that with acreage not quite half of one per cent. smaller than last year, some expect crop nearly 100000 bales larger. With all com mercial and foreign mill stocks HOO, ,000 bales larger than a year ago, and American mil stocks also larger to an unknown extent, the crop really fore shadowed cannot be consumed without a revolution in the worlds demand for goods
 A rather better demand for staple cotton goods does not relieve the over- production in print cloths, and goods are practically unchanged in price. Western stiffness in holding wool, and the New England wool paper drifting this way and largely refused, indicate another attempt to tire out the manu- lecturers, who are actually offering for worsted wool four to five cents below making prices and buying scarcely any. Sales at the three chief markets amount to 4,S86,600 pounds for the week, against 12,O52,S0o last year. and 9,291, 700 in 1892. At Coates & Bros. 100 quota tions average 1S.80c against 1872 July 1. The opening of lightweight wooden goods shows a disposition to avoid di- rect comparisons with previous styles, with more advances estimated at 71a to 10 per cent, where comparison is pos sible and there is no evidence as yet how the market will meet it. Several mills have closed for the time rather than pay prices asked for wool
 The iron manufacturer has nearly if not quite resumed it's full production, except in the valleys, where Bessemer producers are closing in turn under agreement to force prices upward. The demand for rails includes bids for next winter and next year. Plates are in unprecedented demand, both east and west and structural works are full with large contracts coming forward in all sections. Bars are so much strong CT that many mills refuse less than $1 for iron, though steel bars sell largely at 90 cents.
 The actual improvements are in boots and shoes, 55S, ,66S cases being shipped, exceeding last years by 232,0OO, and those of 1896 by about 3O0009, but only slightly exceeding those of 1885, Since 1892 the gain has been 19 per cent. While manufacturers are busy, many with orders two months ahead, and retail trade Is fair this season, jobbers still holding back as far as they can though anxious for speedy deliveries. Sales of leather are very small, but holders are expecting that the surplus held by factories will soon become ex- hausted.
 Failures for the week have been lS6 in the United States against 232 last wear and 21 in Canada against 29 last year.