The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-08
DUN's REVIEW.

New York, July 7.-R. G. Dun & Co.,
in their weekly review of trade, will
say; Failures for the first half of 1899,
with banking and financial included as
in all other accounts published, were
1884, with liabilities of $49,6646 61.
Commercial failures were 1853, with
liabilities of $42,062,9 1888, of which $16,
723,353 were manufacturing and $23,O11,-
1854 were trading.
The average per failure $6165, is the
smallest ever known In any quarter;
the average per firm in business, $12.20,
and the ratio of defaulted liabilities 81
cents per $1,000, are both the smallest
ever known in any quarter.
Railroad earnings for the half year
have been the largest ever known, on
10000 miles Sc per cent larger than
last year, and 10.5 per cent larger than
in 1892 all sections showing gains for
the year. and all but the coal roads
over 1892.
June tonnage from Chicago was II
per cent greater than last year, and 80
per cent greater than in 1892, and for
the year has been 81 per cent greater
than in 1892.
Wheat declined three-efghths of a
cent, exports being but 2,259, 021 bushels
for the week, flour included, against
2,643, 139 last year, for both coasts, al
though western receipts were 1851, 526
bushels against 61S, 492 last year.
Corn exports are twice last years,
2,37S,7O bushels against 1,20S,255 last
year for the week, and the price de-
clined quarter. The cotton move
ment still indicates greater surplus
than was by anybody expected, but
disastrous floods in Texas caused a. six
tenth advance, which dispatches from
that quarter do not seem to warrant.
The loss, much or little, would not ma
terially affect a years business. Scar
city and high prices of iron and it's
products can no longer be reckoned
evidence of good times. In the Shen
ago 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 unsettled.
Shipments of boots and shoes were
smaller for the week than in 1898 or
1897, although some manufacturers tell
of orders for their full capacity until
November.
In some lines there is a heavy bust
ness, but in others it is evidently slack
ening and after shipments of $4,000, 900
pairs in four weeks the idea that re-
tailers have been stocking far ahead of
their actual requirements is natural.
Prices do not change as yet, nor does
leather moderate transactions for most
kinds but one sale of 100000 sides, said
to be the largest single transaction
ever made, was negotiated. Hides
show no change in prices at Chicago,
cattle receipts being but 3As per cent
smaller for the half year than in 1885,
Textile manufactures are doing WELL
and wooden goods prices tend upward
with considerably better demand,
but sales of 9,S2S,7OO pounds at the three
chief markets were mainly to dealers,
and the advance in price, 1857 cents
per pound, average for 100 quotations
by Coates Bros, against 1875 June Is,
and 1901 May Is does not invite heavy
transactions.
Cotton goods show no pressure to SELL
but are quieter, and the increased
manufacture at the south is felt each
year more clearly in northern mills
The volume of business for the first
week of July has been Sc per cent great
er than last year and 1919 per cent
greater than in 1892.
Failures for the week have been 119
in the United States, against 229 last
year. and 20 in Canada, against II last
year