The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-07-01
BUSINESS FAILURES.
Show Great Failing Of In Number
and Amount.

and Amount.
New York, July 1.-R. G. Dun & Cos
Weekly Review Of Trade says:
Failures for the second quarter Of
1899, have been 2,0S0 in number against
3,055 last year, with liabilities Of 500
259 600, against S36, 602, 252 last year, and
for the first half of 1899 failures were
1852 against 1855 last year, with la
biIities of $4S,711s 900, against 81, 2467SS
last year. Nearly half Of the June la
bilities are due to one failure, not
strictly commercial. covering some
banking concerns, a promoter and a
railway equipment company for $685.
900, in essential features a loan and
trust concern. With it banking failures
amount to $6,436,DG0 for the half year,
leaving for commercial failures $4z,z16,-
O53, against S67, 444 $50 last year.
Manufacturing failures were S16,900,-
900 for the half year, against $50. 76s, IA
last year, and trading were $23,0OO,0 900,
against S32, $50, 626 last year.
The demand for iron and steel seems
to have no limit. Scarcity of pig has
raised the price a dollar per ton for
local coke at Chicago, $1.10 to $19.75 for
bessemer at Pittsburg and $1.75 to $17-1o
for grey forge and IS cents to S19.25 for
anthracite No. 1 at Philadelphia, with
some iron selling above these quota
tions at all points for early delivery.
Efforts to get foreign contracts out OF
the way are met by fresh orders from
Europe at last weeks prices.
Some furnaces have started, with con-
tracts for their whole years product,
but others are yet delayed. Prices of pig
average higher than at any other time
since February. $780, and prices Of fin
ished products higher than since March
1891. Billets are hardly obtainable, bar
and plate orders are refused quite large
" because works are OvercroWedt sheet
mills have much stronger demand at
the west, but less at the east, and
structural works report $4,000 tons re-
quired in two new eastern contracts.
The continuing demand IN spite Of ris-
1Tef1ra
ovens, H. 53 at work, put out for the
week 1S1,S72 tons, the heaviest weeks
work ever known at Connellsvi1e. Tin
is stronger at 26 cents and copper at IS
cents for lake, but lead is dull with
hope of an end to the Colorado strike
Another industry passes all records,
boot and shoe shipments from the east
400 S13 cases, exceeding those in lany
other month of any other year for four
weeks and the demands for speedy de-
livery show enormous distributor IN
all directions. New orders are large
and several months ahead Wool sales,
So 179, 900 pounds, of which 1885, 900
were domestic, reveal 9. speculation
scarcely less obtrusive than in 1897,
when Al, 179 900 bales were sold in the
same weeks, against 23,76S,200 in 1892,
when the mills were well employed
Cotton mills are doing Well IN spite or
the fall in cotton as the demand gives
them enough to do at current prices
and weak spots in the trade are defend
ed by the agreement between FAN Riv-
er mills.
Wheat receipts at the west IN four
weeks have been 81 SCI 536 bushels
against All ,625 bushels last year, and
western receipts in June have ranged
between 5,794. 52S bushels in 1894, and g.
551, 27S in 1886. Beyond question the
farmers and the spectators and eleva-
tor owners in farming regions believe
that about so cents here Is as mucn
as the old wheat will fetch, although
exports have been for four weeks 8
1874, S38 bushels from Atlantic ports,
against 1902, 6s7 last year, and 2,445,-
749 from Pacific ports, against 1923 f09
last year. It is not surprising that with
such receipts the price has dropped l12c
and corn also fell &c, with exports IN
four weeks II, 485, 596 bushels, against
12.O76,7O3 last year. The cotton ma r
ket is also weak, with heavy receipts
and good crop prospects, and declined a
sixteenth.
Failures for the week have been Isl
in the United States against 254 last
year, and p in Canada, against 10 last
year.