The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-09-29

Wall Street Watching Attempt
10 Settle Coal Strike.
favorable showing Made by Failures
ofLast Quarter.

n.w York, September eS.-R. q. Dun
i co q weekly review Of trade tomor-
row will say
incomplete returns of failures for the
.s,ya quarter of 1900 with estimates Gov
'.,ngstne last day, indicate a total OF 2, 40
!. number ana scr, 954, 1870 in amount.
mis- Is a slight increase in number over
4. sacond quarter, but decrease or 400
.-.m the first three months of this year.
Liabilities are much smaller than in the
~,aesdina quarters OF this year, but $40,
~ no larger than ia 1899 Going back
!. the prsyious Presidential election
..ar when conditions were much the
,.,.e we ind that the number OF failures
EMS s757. and the amount of liabilities
.-q p53a. IN the same months OF 1896
s.ns,no failu res We're 90 inEnumber and
81 7l9tGO ia amount This year there
.ss.a n failures for s., 1Ss, 900 and most OF
M. was in one banking and brokerage
H' <ot Wall street alone, but the entire
aeslnes world as well, watched the pro-
-,ess Of efforts 20 bring about a settle
ssnf IL the anthracite coal strike with
p
ii ne anthracite Industry was more
e.mnlets than last ana the effect was
...n mon the distribution of merchan-
sis hi the east and the placing of new
.r1ees with manufacturers. Coal advanced
& eanls above last week and the larger
r.mnsnies refused TO name a selling price
4ha strike Involved about 10, 900 more
miners ana hundreds OF trainmen, but
81 working force has Increased largely
through the settlement between the
-nai9amated association and several
..sai comuanfes whose works employing
500 men, have been Idle. while only
is8 men were affected by the shut down
II tie Susquehnnna Iron and steel COM
esng strike Ia the east the conditions
.-m generally favorable Tor a quick re-
e,serT with tue coal strike over, while in
80 Western there has been no noteworthy
sanction "a the distribution OF any class
II Goods Weather conditions have been
n1osahis Tor late crops and farm work
Il increasing rapidly, except Tor some
tsratl 10 grain IA shock ia the north
e.st New York bank ciearings decrease
N6 per cent from one year, but gain 90
sent over two years ago for the week
rtlla st leading outside cities, there Is a
a.tfeasa OF . s per cent from 1879 and "a
Pain OF 1o2 per cent over 1898. Aside
nom the expected reduction 20 S-6 for
N.sI rails. and a sale OF bessemcr pig at
I.|+t|NAA "A Ht"tH"f N"N ftAAaA" AA"A VA
xn and steel products is unchanged.
ne ieellng grows stronger that bottom
t.s been reached. Taking the IL articles
oao,,d ia our price tablets, it VIII be
.sn fhat after an advance OF over 100 per
ant IN 1899. prices have declined only
atoaf SD per cent this year ana there 4.
aiready 8 tendency toward a higher level
one company Is considering the purchase
o. i0oO0 tons foundry iron and an ex-
potf order FOR 800 tons OF rails has beer
placed More coke ovens are ia opera
f.. Zen. but the price Is unchanged.
Another Increase OF 800 cases IN ship
m1l. ol boots and shoes from Boston
makes the outlook more encouraging
To- thaf Industry and manufacturers ar
rIolclne over a widely distributed rang
of orders. which indicates that stocks o
az eraAes have reached q low point. Need.
am IMPERATIVE IA many sections. Job
t.rs az this city are busy and western
buyers ask fpr0mpt shipments After Z
long period OF staRnation the present
moderate volume OF trade is most vel
ome. leather IS sharing the improve
mert but the situation as 20 hides IL
rather depressing because OF heavy cur
.rsnt receipts OF cattle, and the probaDili-
~ 81 sfifl larger arrivals sales OF wool
fsil 20 about one-ouarter OF last year :
hns hundred grades quoted IN the Pnila-
delrhla market, show a decline OF about
11Il q cent.
Failures for the week were 2l4 In the
United states against 157 last year and IL
ID Canada against 81 last year.