The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-08
SMALLEST ON RECORD
We're The Failures In the Quarter Jusl
Closed.
COTTON MOVEMENT AND GREAT SURPLUS
E,ooJ. In Texas Caused an Advance,
which Dispatches DO Not
Seem to warrant.

New York. July 7.-R. G. Dunn q CO.'S
weekly review OF trade tomorrow VIII say;
Failures for the first half Of 1899. VIII
banking and financial, including. as IN all
other accounts published. were 1884, with ia
Utilities sie, 664, Sol Commercial failures were
I 1875 with liabilities of Si2,Oo2,sSS' OF wnicn
ZIG. 1923 1853 we're manufacturing and s2S'oii'So'
we're trading In the second quarter failures
we're the smallest ever reported In that quar-
Tier for nty-hve years, of which the duai
,arIv reports have been made by this agency'
The average per failure (S1l65, is the small
est ever known in any quarter. the aveIage
per firm in business $12.20 and the ratiooi de-
faulted liabilities to solvent exchanges. ozc
nor s1OO0 ara both the smallest ever known
In any Quarter In ten out Oh fouitseu
branches OF manufacturing, laluies, w.
smaller than in the same auai'e u,,.,o.,
of the previous hve wears. ana Ia thirteed
out OF fourteen branches the larger failures
for 500 600 or more were only Two IN trau-
Ing for s224Oss. less than tenth OF thie
smallest previous wear, and only hiteen III az
for So 4l1,1S0 from a fifth to tenth or pre-
vious years. The decrease in small failures
Is worth especial study. 80 49,. o
Wheat declined &C, exports DelnE Dut, =
$50 OF bushels for the week. -four included
against lSg last year for both coasts
although Western receipts we're Ssol,2 ss
bushels, against 6lSh2 last year o II tne
els or more than a year ago, after VI 20 10
81 90 per bushel had been paid in chicago
for some months. as one farming 1ournai
estimates, they need the education when tney
are getting hut the claim still entirely fails
to account for their liberal splllng TINS wear
at lower prices. Contradictocv guessss ara
heres continue. but this wear is very nara on
predictions. $50 ,.,,
Corn exports are twice last years, 2.SlS,7oS
bushels against 1,20S 25S las: year for the
week and the price declined quarter
The cotton movement still indicates
greater surplus than was expected, but the
disastrous floods In Texas caused sixteenth
advance. which dispatches from that quarter
do not seem to warrant. The loss. much or
little would not materially affect year
business
Scarcity and high prices OF iron and It's
products can no longer be reckoned as eyt-
dence Of good times. In the Shenango valley
six furnaces have been stopped by strike
for - per cent more wages and minor strikes
are reported at various iron WORKS the TN
pate strike being vet unsettled, New orders
continue large. being evidently reported week
after week Mt different cities. not because
taken but because new orders Accumulated
do not equal the OUTPUT of the works. Pre-
dictions OF great scarcity of pig IRON have
lifted the price still further to 9l.2 ner cent
on the average January, 1887. hut several more
furnaces are going into operation, and the
Illinois Steel COMPANY has contracted Tor
more nf the largest capacity.
Textile manufacturers are doing well and In
wooden goods prices tend upward with a
peter demand. out sditS VI
o s2s, 700 pounds at the three chief markets
were mainly to dealers and the advance n
price, 1880 per pound, the average for 100
by Coates Bros. against 1876
June Ia and 1S01c Nav Is do not invite
heavy transactions Cotton goods show no
prossure to sell, but are nuieter and the
increased manufacture at the South is felt
each wear more closely bv Northern mills
The volume of business for the first week OF
July has been 366 per cent greater than
last year and Az per cent greater than IN
1892
Failures for the week have been l1o in
the United States against 200 last year and
20 in Canada against II last year.