The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-06
April Was a Rec0rd-breaker In
Business Failures.
DUN'S REVIEW OF TRADE
MANUFACTURERS ARE RUSHED
TO FILL ORDERS.
Labor Troubles DO Not Affect General
Transactions - Grain Movement
Fallen of--Large Wool Sales
Bradstreets Report of the Week
On the Stock Exchange.

New York, May Ar. G. Dun & Co.
in their weekly review of trade tomor-
row, Will say:
The failures in April were the small
est in any month since records BY
months began, IS per cent smaller than
in April of last year. not third of the
amount of 1897, and not half the amount
of April of any previous year. Both IN
manufacturing and in trading they
were the smallest ever known in that
month and in trading the smallest ever
known in any month.
The ratio Of defaulted liabilities 10
solvent payments through clearing
houses was less than 40 cents per 1000,
against 80 cents in January, and S4-lS
in March, S7S9 in August, and $500 in
September, 1896. a great share of the
risk in the business world has been
eliminated.
1t is not inconsistent nor strange If
business halts, for it has been
crowded to the utmost for four months,
in anticipating future needs on account
of new combinations proposed In some
cases prices have been advanced so Tar
as to check new business, and in others
works have been engaged so far ahead
that new orders cannot be taken. Yer
new business in amount which would
have been astonishing two years ago
is still coming forward, and the Voluh-
tary advance in wages by the Ilrms OF
the central association and by the
Prick Coke Works, whose shipments in
April, 81, 452 cars, were the heaviest ever
known. show confidence in the future.
AT Buffalo and in Idaho strikes are
causing trouble, but labor questions
elsewhere do not affect general DuSl-
ness.
The grain movement has fallen off,
- 1 h o.
ceived at the west during the week,
against 4,765, $40 bushels last year, and
of corn only 2,672, Az bushels have been
exported, against ABS, 149 bushels last
year, while wheat exports from both
coasts have been better, 3,545,l5I BUSH
els of flour included, against 2,654,2SI
bushels last year.
for months ahead, but a good many
are catching up with their orders,
which have recently diminished.
The report that all the great COM
panies are to be melted into one IN
fluences the stock market, but IS stlll
scarcely credited, and the raising OF
foreign prices where American compe-
tition is no longer felt is suggestive
Pig is nowhere higher. nor has any
class of finished products established
higher prices, though in many the de-
mand exceeds supplies. London specu-
lation made a higher price for tin at
25S5. although Atlantic receipts IN
April. 51O5 tons, were the largest on
record, and copper is stronger, at lbs
for lake, although European stocks are
rising.
Shipments of boots and shoes from
the east in five weeks have been but
14.S per cent larger than last year, II
per cent larger than in the next largest
year, 1895, and "A per cent larger than
in 1892. Factories are busy for orders
for months at old prices, and ~ cents
advance is paid on new orders for sew
eral grades. But the only change in
leather is a small advance in Union
Sole, and hides are half of one per cent
stronger at Chicago.
Wool sales for the week have been
large $3.50, S53 pounds, owing to sales of
over a million pounds Australia in bond
for export, and heavy speculative pur-
chases OF territory. The wool year
ends with heavy stocks on hand, and
prices about 10 per cent lower than last
year, British prices averaging about 10
per cent lower for English and cross
bred woods. Sales of domestic wool in
four months have been 1888, 1856 pounds
more than in any year excepting 1897,
when spectators were taking in the
heavy stocks which some of them have
recently been selling at a loss, but sales
OF foreign have been 81, 725, 500 pounds
for the year, against 9S,254,S50 pounds
in that year.
The market in goods is a little
stronger with an advance in clay mix
lures. but in general is waiting for the
outcome of new combinations, and
about some of these there~is still doubt
whether they will be completed. The
worsted combination has gone into
operation, but without interfering with
deliveries of goods under previous or
ders. The cotton goods market is tE-e
more steady. because some strikes still
limit production a little, but is quite
encoura ging and active, and in some
staples has further advanced.
Failures for the week have been 15S
in the United States. against 23S last
year and twen1y-three in Canada,
against twenty-five last year.