Barre evening telegram. (Barre, Vt.) 1898-19??, 1899-07-08
TRADE FOR HALF YEAR
Array Of Interesting Figures Com
piled by buns Review.
SYNOPSIS OF THE FAILURES.
The Railroad Earnings For the Past
Six Months Said to Have Been
the Largest Ever on
Record.

New York, July 8.-R. G. Dun & Co. Is
review of trade says
| Failures of the first half Of 1899, with
| banking and financial included as in all
other accounts published were 4,884,
with liabilities of $49, 664,66 CONNER
cial failures were 1853, with liabilities
Of $42,O62, 1913, of which SIG, 1913 1853
were manufacturing and SPOOL 1854
were trading. In the second quarter fail
ures were the smallest ever reported in
that quarter for 25 years for which quar-
terly reports have been made by this
agency. The average per failure, $7,165,
is the smallest ever known In any quar-
ter; the average per firm in business,
1920, and the ratio of defaulted liabili-
ties to solvent exchanges, 62 cents per
1000, are both the smallest ever known
in any quarter.
The half yearly return shows Il revenue
so large that the excess Of expenditures,
only S,S759S9 for the fiscal year, is
nearly $25,00OO0O smaller than Secre
tary Gage estimated, the large gain in
recent monthly receipts and the decrease
in expenditures resulting from war prom
Using a surplus this year, while the treas
ury gold reserve is but slightly below the
largest on record. The volume Of bust
ness shown by clearings is 1879 per cent
larger than in 1892 for the week and for
June 3S per cent larger than last year,
and So per cent larger than in 1902.
Stock speculation cannot be credited with
the increase, for in Juno 30 per cent was
in the chief cities outside New York.
Railroad Earnings.
Railroad earnings for the half year
have been the largest ever known, on
100000 miles SO per cent larger than
last year and 1915 per cent larger than
in 1892, all sections showing gains for the
year and all but the coal roads over 1892.
June was the best of the six months,
comparing with 1893, and the fourth
week of June showed a gain Of ia per
cent Canadian roads, not included, hay
ing larger mileage than before. and Mex
lean roads deprecated silver to swell
their gains. June tonnage from Chicago
was IL per cent greater than last year
and 30 per cent greater than in 1892
and for the year has been 81 per cent
greater than in 1892.
Scarcity and high prices of iron and it's
products can no longer be reckoned evil
dence of good times. In the Shenango
valley six furnaces have been stopped by
strike for 20 per cent more wages, and
minor strikes are reported at various iron
works, the tin plate strike being yet I'M
settled. New orders reported continue
large, being evidently reported week aft
err week at different cities because not
taken, but new orders accumulated do
not equal the output of the works. Pre-
dictions of great scarcity of pig iron have
lifted the price still further to 1912 per
cent of the average January, 1887, but
several more furnaces are going into OPP
GRAFTON, and the Illinois Steel company
has contracted for others of the largest
capacity.
Failures for the week have been 119 in
the United States against 900 last year
and 20 in Canada against II last year.