The star. (Reynoldsville, Pa.) 1892-1946, 1899-07-12
REVIEW OF TRADE.
Falling on in the Export OF Wheat-str Ike
Amtng loi Workers.


Amtng iIol Workers.
II. G. Dun e Co.'S review of trade
reports as follows for last week:
Failures of the first half of 1892 with
banking and financial included as In
all other accounts published were
1884, with liabilities of $40 664, ,661. Com
mercial failures were 4,S53 with liza
bllities of Sl2, ,062, 1888, of which $l6,723,-
S13 We're manufacturing and $23,01 1854
We're trading
In the second quarter failures were
the smallest ever reported in that quar-
ter for 20 yars, for which quarterly re-
ports have been made by this agency.
The average per failure, S7,165, is the
smallest ever known in any quarter;
the average per firm I'm business, sl2 20.
and the ratio of defaulted liabilities to
solvent exchanges, 62 cents per 81, 900.
are both the smallest ever known i'm
any quarter. In 10 out of IA branches
of manufacturing, failures were smaller
than In the same quarter of four of the
previous five years, and In 13 out of IA
trading branches. The large failures
Tor 100000 or more We're only two in
trading for 1924, 0SS, less than a tenth of
IN smallest previous year, and only 10
In all for $2,4l7, $50, from a fifth TO a
tenth OF previous years. The decrease
In small failures is worth special study.
Wheat declined three-eighths of u
cent, exports being but 2,250.02l bushels
Tor the week. flour included against
2,6l3,l39 bushels last year. for both
coasts. although western receipts were
1861, bushels. against 61S 492 bushels
last year. If the farmers actually car
ricd over 81, 600 900 bushels or more q
year ago, after 81 20 to 81 per bushel
had been paid at Chicago for some
months, as one farming journal esti-
mates, they need the education which
f3AI hNnf fna Ian aaft1
tirly fails to account for their liberal
spilling this year at lower prices. Con-
Trajectory guesses and hopes continue,
but this year is very hard on predic-
tons. Corn exports are twice last
years, 2,3IS, IOS bushels, against 120S,-
200 bushels last year for the week, and
the price declined quarter The cot
ton movement still indicates a greater
surplus than was expected, but disas-
trous Hoods in Texas caused q six
teenth advance, which dispatches from
that quarter do not seem to warrant.
The loss, much or little, would not ma
terially affect years business.
Scarcity and high prices of iron and
It's products can no longer be reckoned
evidence of good times. In the Shen-
ango valley six furnaces have been
stopped by strike for 20 per cent
more wages, and minor strikes are re-
ported at various iron works, the tin
piHec Stiihe pSliS YET unsettled. New
orders reported continue large, being
evidently reported week after week at
diiferent cities because not taken, but
new orders accumulated do not equal
the output of the works. Predictions OF
great scarcity of pig iron have lifted
the price still further to S1.2 per cent
OF the average January, 1887, but sew
eral more furnaces are going into op-
Grafton and the Illinois Steel Company
has contracted for others OF the largest
capacity
Textile manufactures are doing well.
and In woolen goods prices tend up
ward with a considerably better de-
mand, but sales of 9,S2S, 200 pounds at
the three chief markets were mainly
10 dealers, and the advance In price,
1857 cents per pound average for 100
quotations by Coates Bros, against
1916 cents June To- and 1901 cents May
10. 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 36 per cent
greater than last year and 49.9 per cent
greater than in 1892.