Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-08
pnM'S REVIEW or TRADE

NEW YORK, July 7.-R. G. Dun &
Co.'s Weekly Review Of Trade will say
! tomorrow:
Failures of the first half of 1899 with
banking and financial included as in all
other accounts published, were 1884,
with liabilitiesso $40, 664, e61. CONNER
cial failures were 1853, with liabilities
of $42, O62, 1898, of which SIG, 1858 were
manufacturing, and $23,011 1854 were
trading. In the second quarter rail-
ures were the smallest ever reported IN
that quarter OF twenty-five years Tor
which quarterly reports have been
made by this agency. The average per
failure is $7,165, the smallest ever
known in any quarter; the average per
firm in business, S12.20, and tle ratio
of defaulter's liabilities to solvent ex-
changes, 81 cents per $1,000, are Doth
the smallest ever known in any quar-
ter. In ten out Of fourteen branches Oh
manufacturing, failures were smaller
than in the same quarter of four OF the
previous five years, and in thirteen out
of fourteen trading branches. the
large failures, for $100, 900 or more,
were only two in trading for $224,oSS
less than a tenth of the smallest pre-
yious year, and only Is in all for 81
All, $50, from a fifth tot a tenth of pre-
yious years. The decrease in small
failures is worth especial study.
Wheat declined % of a cent, exports
being 2,250,021 bushels for the week,
flour included, against 2,643,199 last
year for both coasts, although western
receipts were 3,S61,52 bushels against
61S, 1872 last year. If the farmers act
ually carried over 65, 900, 900 bushels or
more a year ago after $1.25 to $500 per
bushel had been paid at Chicago Tor
some months, as one farming journal
estimates, they need the education
which they are getting, but the claim
still entirely fails to account for their
liberal spilling this year at lower
prices. Contrary guesses and hopes
continue, but this year is very hard on
predictions. Corn exports are twice
last years, 2,S7S,7 O8 bushels, against
1,208, 255 last year for the week and
price declined a quarter.
Scarcity and high prices of iron and
its products can no longer be reckoned
evidence of good times. In the Shen-
ango Valley six furnaces have been
stopped by a strike for 20 per cent
more wages, and minor strikes are re-
ported at various iron works, the tin
plate strike being yet unsettled. New
orders reported continue large, being
evidently reported week after week at
different 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 91.2 per cent
of the average January, 1887, but sew
eral more furnaces are going into oper-
alton and the Illinois Steel Company
has contracted for others of the largest
capacity.
Textile manufacturers are doing we'll
and in wooden goods prices tend up
ward with a considerably better de-
mand, but sales of $685. 700 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
1876 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 vol
ume of business for the first week of
July has been sc per cent. greater 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 IL last
year.