The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-08

Recorded Iron Outlook MARRIED
by Strikes In Shenango Valley.
NEW YORK, July 7.-R. G. Dun & Co. .
weekly review Of trade will say tomor-
row:
Failures Of the first half of 1892
with banking and financial included, as
in all other accounts published, were
1884, with liabilities $40, 664, 661 Com,
mercial failures were 1853, with liabili-
ties Of $42 062, 933, of which SIG, 723, 353 were
manufacturing and S23, OIL, 1854 were trad
ing. In the second quarter failures were
the smallest ever reported in that quar-
ter of twenty-five years for which quar-
terly reports have been made by this
agency. The average per failure $7,165,
Is the smallest ever known in any quar-.
ter, the average per firm in business
1920, and the ratio of defaulted liabili-
ties to solvent exchanges 81 cents per
dollar, are both the smallest ever re-
ported in any previous quarters In all
branches of manufactures failures were
smaller than in the same quarter than
in any Of the four previous year. The
larger failures for 100000 or more were
only in trading for 1924, OSS, less than a
tenth of the smallest previous year and
only Is in all for 81, All, 1870, from a fifth to
a tenth of previous years. The de-
crease in small failures is worth especial
study.
Wheat declined % of a cent, exports
being but 2,250,021 bushels for the week,
flour included, against 2,643, 139 last year
for both coasts, although Western re-
ceipts were 1861, 523 bushels against 61S,-
1872 bushels last year. If the farmers
actually carried over 65,0O0,OOO bushels or
more year ago, after $125 to 81 per
bushel had been paid at Chicago for
some months, as one farming journal es,
Inmates, they need the education which
they are getting. but the claim still en-
tirely fails to account for their liberal
splitting this year at lower prices. Con-
Trajectory guesses and hopes continue,
but this year is very hard on predic-
lions. Corn exports are twice last
years, 237S,7OS bushels. against 1,2OS, 255
last year for the week, and the price
declined a quarter. The cotton move
ment still indicates a greateS surplus
than was expected, but disastrous floods
in Texas caused a sixteenth advance.
which dispatches from that quarter do
not seem to warrant. The loss much
or little would not materially affect
years business.
Scarcity and higher prices of iron
and its products can no longer be reck-
oned evidence of good times In the
Shenango valley six furnaces have been
stopped by a strike for 20 per cent mors
wages and minor strikes are reported at
various iron works, the tin plate strike
being yet unsettled. New orders reported
continue large, being evidently reported
week after week at different cities, be-
cause not taken and new orders accu-
mulated do not equal the output OF
the works. Predictions of great scar
city of pig iron have lifted the price
still further to 91.2 per cent Of the aver
age January, 1887, but several more fur
naces are going into operation and the
Illinois Steel company has contracted for
others of the largest capacity.
Textile manufacturers are doing well
and in wooden goods prices tend upward
with considerably better demand, but
sales of 9,S2S,7OO pounds at the three
chief markets were mainly to dealers and
the advance in price 1857 cents per
pounds average for 100 quotations by
Coates Bros, against 1876 on June 65,
and 1901 on May 10, does not invite heavy
transactions. Cotton goods show no
pressure TO sell, out are qu1eter and the
increased manufacture at the South IS
felt each year more clearly in Northern
mills The volume of business for the
first week of July has been $50 per cent
greater than last year and 1919 per cent
greater than in 1892
Failures for the week have been 119
in the United States, against 22S last
year and 20 In Canada, against II last
year."