Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1899-07-11
TRADE STILL GROWS
No Hesitation Is Seen in the Upward
March of Prices-Decrense
in Failures.

| New York, July 10.-Bradstreet's says:
| Holiday observances and semiannual
| stock takings have worked toward quiet
| IN general trade and industry. but 1t is sig
| nificant of the favorable conditions ruling
In this as compared with previous years
| that trade advices point to rather more
| than the average business being done, not
withstanding the checks to demand and
shipment above mentioned. Additional re-
suits of the seasons work brought to light
are fully as favorable as those indicated
| IN Bradstreet's report last week, and fur
nish an adequate basis for the general air
u confidence with which the business
world faces the latter half of the year.
Bank clearings returns fully bear out es-
Inmates given last week. pointing to I'M
precedented totals and enormous gains for
| the six months period over preceding
years. All Indications favor a total of
export trade little below that Of last years
phenomenal total, what little falling off
| there has been shown being due to reduced
| European takings of American food prod
ucts. Distributive business on seasonable
| account is naturally on small scale, but
orders for fall delivery are reported par
ticularly liberal and making favorable
comparisons with last year. In the iron
trade the strength of prices and demand
Is still the most notable feature"
r. G. Dun & Co.'s weekly review of trade
says: Failures of the first half of 1899
in all other accounts published, were 1854,
with liabilities of s49.664.661. Commercial
failures were 4,S53 nth liabilities of $42,-
p62,933, of which $16,723,353 were manufac-
turing and $23,011, 1864 were trading. In the
second quarter failures were the smallest
ever reported in that quarter of Is years
for which quarterly reports have been
made by this agency. The average per
failure, S,165. Is the smallest ever known
IN any quarter; the average per firm in
business, 1920, and the ratio of defaulted
liabilities to solvent exchanges, 81 cents
per $1,000, are both the smallest ever known
IN any quarter. In 10 out of IA branches Of
manufacturing, failures were smaller than
In the same quarter of Of the previous S
years, and in 13 out of IA branches. The
larger failures for 100000 or more were
only In trading for s224OsS less than a
tenth OF the smallest previous year, and
only 10 In all for S2417,1S0, from fifth to
tenth of previous years. The decrease
In small failures is worth especial study.
Wheat declined three-eighths of cent,
exports being but 2.250.021 bushels for the
week, -four included. against 2,643,139 last
year, for both coasts, although western
receipts were 1851, 523 bushels, against $751;
1872 last year. If the farmers actually car
ried over 65. 900 900 bushels, or more. year
ago, after slips to 81 per bushel had been
paid at Chicago for some months, as one
farming journal estimates. they need the
SeoSoeioh "Alcu lIiey are getting, out the
claim still entirely fails to account for
their liberal splitting this year at lower
prices. Contradictory guesses and hopes
continue, but this year is very hard on pre-
dictions Corn exports are twice last
years, 2,S7S7os bushels against 1905 255 last
year for the week, and the price declined
q quarter.
THE volume of business for the first
week Of July has been So per cent greater
than last year, and 1919 per cent. greater
than in 1892
Scarcity and high prices of iron and its
products can no longer be reckoned evil
dence of good times.
Failures for the week have been 119
In the United States, against 229 last year,
and 20 In Canada. against II last year"