The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-08
TREND OF TRgDE

lALNV VI lIHAtAN at-t
Excellent Showing Made intha Fall
tre Record f0r tho second onhFtcr
ofthc Ycar-Elg orlle laRlFon.
NEW YORK. July 7.-s @. Dun q
COS Weekly Review OF HIads Elll say
tomorrow:
Failures Of the first ha % le9a with
banking and financial lncIqded a. in all
other accounts published were 1854.
with liabilities OF Sls.ssi li. Cuuirner-
cial failures were 1855, ith liabilities
Of $4,000, ,sSS. Of which ti,7al,lls were
manufacturing ana $1ii.Sli whp
trading In the second tuaftal fail
ures were the smallest sfef reported In
that quarter OF twenty-five yeafs. for
which quarterly reports have been
made by this agency. The average per
failure IA S7.1e5. and - the smallest
ever known IN any quaFicp; the average
per firm In business, 50 10 and the Tl-
Ito of defaulted Liabilities to solvent
exchanges. slxty.two cents per 1900,
are both the smallest eur known IN
any quarter. In ten out Of fourteen
branches OF manufacturing, failures
were smaller than In the same quarter,
OF four Of the previous ave years, and
in thirteen out Of fongteen trading
branches. The large fall1feg for $l0O,-
600 or more were only two In trading
for $s2l0SS less than tenth Of the
smallest previous yedTS ana only ht-
teen in all for t2,4l7,1S1. nom NTH TO
tenth OF previous yeafg The decrease
in small failures Is worth especial
study.
Grain Mark6t
Wheat declined three-elghths OF Q
cent, exports being BIT s,95O.Oll BUSH
els for the week, flour Included. against
s.6lS, ,1Ss last year for both coasts, al
though western receipts were 1851 ,b23
bushels, against 61s.4S2 last year. II
the farmers actually carried over 3d.
100000 bushels or moTo O year ago Ht-
ter 81 Is to 81 per bushel bad been paid
at Chicago for some months, us one
farming Journal estimates, they need
the education which thBt nte getting,
but the claim stlll entirely fails to ac-
count for their liberal gpllllng this year
al lower prices Contradictory guesses
ana hopes continue, but this year Is
very hard on predlcti0hl Corn eN-
purts are twice last years, 2.STS,10S
bushels, against 1905 last year for
the week and price decliiied q quarter,
Scarcity and high pricee Of iron and
its products can no longer be reckoned
evidence Of good times. nthe Shenan-
20 Valley six furnaces have been stop
ped by q strike for % per cent more
wages, and minor strikes are reported
at various iron works the tin plate
strike being yet unsettled.
Iron Orders Continue Large.
New orders reported continue large,
being evidently reported week after
week at different cities because not ta-
ken, but new orders accumulated do
not equal the output Of tho works. Pre-
dictIons OF great scarcity OF pig Iron
have lifted the price stin further to Sl:s
Iler cent OF the average January. 1851
INT several more furnaces are going in
10 operation, and the Illinois Steel
Company has contracted for others OF
the largest capacity.
Textile manufacturers are doing well
and in wOOIen goods prltog tend up
ward with a considerably better de-
nand. but sales Of S.s15. 5oD pounds at
the three chief markets Wlte mainly to
dealers and the hdVGhce II price 1857
cents per pound average for one hun.
dred quotations by Coates Bros. against
1875 June Is, and 1901 Nay 15 does not
invite heavy transactions. Cotton
goods show no pressure @ sell, but are
,duleter and the Increased manufacture
at the south is felt each year more
clearly in northern mills. The volume
Of business for the fifgt week OF July
has been $500 per cent greater tnan
last year and 1889 per cent greater than
In 1892. zen
Failures for the week nave been ny
in the United States AGAINST 22s iast
year. and 20 in Canada against II last
yhnr,