Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1899-07-08
FAILURES DIMINISH.
Records Show Them TO He Fewer In
Number and Reduced in
Amounts.

New York. July 1.-R. G.. Dun & Co.'s
weekly review of trade says: Failures for
the secOnd quarter of 1899 have been 2,0S0 in
number, against 3,055 last year. with liza
bilittes of $50 25y,OOO against $36, ,G02,252 last
year. and for the first half of 1879 failures
were 1852, against 6,766 last year. with liza
bilities of S,711000. against 7l,246, 1888 last
year. Nearly half of the June liabilities
are due to one failure, not strictly CONNER
cial, covering some banking concerns,
promoter and railway equipment COM
pany for S5,1S60OO, in essential features
loan and trust concern With 1t banking
failures amount to $6,436,000 for the half
year leaving for commercial failures S42,-
275,O5S against S67,444639 last year. Man
ufacturlng were $lG,900 900 for the half
year, against $50, ,76S, ,144 last year, and trad
ing were $2S,OOOOOO. against $S2,9566 626 last
year.
The demand for iron and steel seems to
have no limit Scarcity of pig has raised
! the price dollar per ton for local coke at
Chicago, 81. 10 to S19,75 for Bessemer at Pitts
burgh, and $1.75 to $1775 for grey forge and
75 cents to 1925 for anthracite No. 1 at
Philadelphia, with some iron selling above
these quotations at all points for early de-
livery. The continuing demand in spite of
rising prices, astonishes everybody.
Another industry passes all records.
boot and shoe shipments from the east
4OOSl3 cases, exceeding those in any other
month of any year for four weeks, and the
demands for speedy delivery show enor-
nous distribution In all directions. New or
ders are large and several months ahead"
Bradstreet's says: Though seasonably
quieter in many lines. the strength of the
general business situation remains appar-
entity unabated, and the half year closes
with the commercial and financial COM
,munity contemplating very satisfactory re-
turns in the recent past and manifesting
a tone of cheerful confidence regarding the
outlook for the last half of 1899. In the vol
ume of business done the first half of 1899
will certainly rank higher than the best
hitherto experienced, and the notable rise
in prices which was such a feature of the
past spring. has done much to reconcile
traders to the admittedly small margins of
profits which modern business operations
tend toward making permanent. Touching
this matter, II might be added that staple
prices to-day are In a majority of in
stances well above quotations ruling fOr
some years past, the general level, in fact,
being the highest since early in 1893. In
some instances. of course, notably in iron
and steel, recent advances have brought
the level of prices well above anything re-
ported since 1892, though it is to be remarked
that much of the business done in that in
dustry this spring was at old levels, the
most sangulne observers in this line having
failed to accurately gauge the real pro-
portions of the late advances. That the
transportation interests have shared to Il
large degree In the business resulting from
several years of large crops and active de-
mand is proved by the current good returns
the best probably reported so far this year,
and indicating a progressive gain over all
previous records for the six months, not
withstanding the steadily lowering rates
OF transportation. There is little in the
immediate outlook that can be construed
as unfavorable."