The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-07-08
N|)RE ABOUT FAILURES
Oun's Further Analyses the
HalfYear and Quarter.
QUOTATIONS ON STAPLES
Show a General Strengthen
ing, With Few Decreases,

S:th banking and financial included. as in
al other accounts published. were Asa.
with liabilities SaSss4.ssl. Commercial
failures were 4.SSS. with Liabilities OF ti2.-
eS2.Ss. Of Which sis.73.S3 were manufae-
turing and sS5.0il. Ssl were trading. In the
second quarter failures were the small
est ever reported In that quarter fer The
twenty-five years for which quarterly re-
ports have been made by this agency. The
average per failure. S.Is5. Is the smallest
ever known IN any quarter; the average
per firm In business. Si2so. and the ratio
OF defaulted liabilities 10 solvent ex-
changes. g. cents per 1900. are both the
smallest ever known In any quarter. In
ten OF the fourteen branches OF manufac-
turing. failures were smaller than In the
same quarter OF four OF the previous i've
years. The large failures. for Sloooo9 or
mere. were two in trading. Tor sszs.oSS.
less than a tenth OF the smallest Prev
Gus year. and only fifteen in all. for 81
2lI.lS9. from a fifth to a tenth OF Previous
years. The decrease In small failures Il
worth special study.
Wheat declined three-eighths Of a cent.
exports beinb but 2.5o.02I bushels for the
week. our included. against 2.st1.is9 last
year for both coasts. although western re-
eeipts were asst. 5s3 bushels. against siS.Ssa
last year. II the farmers actually carried
over $3.50. 600 bushels or more 4 year ago,
after Sl.25 10 s. per bushel had been paid
at Chicago for some months. as one farm
ing journal estimates. they need the edu-
cation which they are getting. but the
Calm still entirely fails 20 account :cr
their liberal selling this year At lower
Tiices. Contradictory guesses and hopes
continue. but this year Is very hard on
predictions. Corn exports are twice last
years, 2.37S.7 os bushels against l2fS2 Is last
year for the week. and the price declined
a quarter.
The cotton movement sim indicates
greater surplus than was expected. but
disastrous floods in Texas caused elk
teenth advance. which dispatches from
that quarter do not seem - wI--aat. Ths
loss. much or little. would not materially
affect years business.
Scarcity and high prices Of iron and its
products can no longer be rcckoned evil
dence OF good times. In the ShenanEo
valley six furnaces have been stopped By
a strike for ~ per cent more wages ana
minor strikes are reported a; various iron
wirks. the tin plate strike being yet un-
settled. NcN orders continue large be-
ing evidently reported week after week
but not taken. hut new orders acCumulat-
ed do not equal the output % The works.
Predictions % great scarcity ~ pig iron
have lifted the price stir further. to 81
per cent % the average January. 1851. bat
several more furnaces arc going into op-
eratiln and the Illinois Steel company has
contracted for others % the largest ca
pacity.
Textile manufacturers are doing wen
and in wooden goods prices tend upVa "A.
with a considerably better demand. but
sales Of 1.e9s.-0o pounds al the three chief
markets were mainly due o dealers. AMI
the advance IN price. 1851 certs per
pound. average for 10 quotations by
Coates Bros. against 1876 June Il. and
1901 May y. does no, invite heavy trans
actions. Cotton goods chow no pressure
10 SELL but are Guieter. and the increased
manufacture n the south g. FELT each year
more clearly in northern mills. The vol
ume 20 business for the r.; week % July
IA sNecn % per cent greater than l1st
year and a. 2 per cent greater than IN is3z.
Failures for tho week have besn 10 IN
the United states. against 80 last year.
and ~ In Canada. against Il last year.
BRADsTREETs
New York Jnly 7-Bradstrcet'z ton5r-
row will say: Holiday obrervances and
seni-anHual stsck-takinEs have worked
toward quiet IN genera! trade and Indus
.
conditions ruling n This. ~ impaired vith
previous years, that trade adviceH point
TO rather more-than the average business
being done .nStVithstardinR the stocks -
demand shipments above mentioned Al
ditinral results = tire HeoaOn's work
brought 10 Hight arc fully a. favosab,s ~
those IN Bra1dstreet's report last week
a nd furrish adequate bssis for the gen
eral air 81 confidence attn which the buri-
ness world faces the latter hair % TIE
year. Bank ciearings returns fully bear
out estimates given last week. rDlrtHE
10 unprecedented totals o-I enormous
gains for the si1 mo-fbr period over pre-
ccding year. while rTaaEfrfrta report -
IN prices rJiat 90 steady strengthening
- qu0tatiora - staples an3 eEreptl9nauv
feE decrcasss in pricrs FeEi~tefsd IA June
All Indicators favor total export frsds
i;tle b.ioE TIA. - last years phenoTr~-
al t0fai. what little falling z tasrr haa
,ser. being ths rs~uit % Europe taking
bod products. Preliminary reports q
-siiroad gross earnings indicate azcspti7n-
lily good shoxinEs II BE naarfh ard -
period. tie Ealna. n fact. ~
uR the hszvlest rrports7d thss ysar DIS
TiBB'lve business o. sezn1zgstss Acro'Ent
$ naturally o. a snlsr sesis. bas orders
n fan delivery are rrporteS parfieasar;F
heal and making tavorz5is comparisons
sith iar, year.
In the ifaa isah. ths stfsaEts u prices
nd demand f. stHi ihs ssDs; 40, asss TEA
ore. further aevanoes = pig Iron belrx
.otaaie lhls Eoes aad delays growing 5ut
2 fnzteggste sgppies are beeoruinS -
reasfngiy ngrnerusss
Another ftE9aE ssi1s;isa r. f1Bnd D. 80
rpoi~n irsts Pres = tas better Fraiss
I've b~en aSvanesd thls week % artirs
salsnd frosn 5ssisra ard manufactures
&c EJrnpa'sy s1fh ths savanes - on5sa.
he manufactures prpsari IL sfroaw sd
BE- n~r seassn spsus vel cattoa hss
IsssEihene9 aBifs eonsi8srahiy. ostns
, vsrT b%avy ralns. cuirnlnz;-nE 70 dis-
stTo-1s h9ecr. ia Tsrss.
Tia YEA, market has BsTss sithla .
sfTDw rzaRs shsa seek. S~atssr erln-
'sions furnish3nE he basis ~ ths r. -
the ehanxss sheEs. tn eioslag HaBs
the Seek Sftrsssfng eoasl6sfabts a-r-
- O. Esort eovtFfnS Cue g. iszs sails
sesssy esop rssorfs frsn re n1stsssEt,
Aka are. hywsT~T. E5t asgSrsae4 ~
safinsst heavy feesfpss 81 primary rrts-
sts. - ths rzthzr bsftsr thsa ~1ss~,-1
li-sasa q slater uksst. ans - tas esss.