The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-14
fDUN'S WEEKLY
REVIEW OF TRADE
Large Increase in Failures Over the
Year Before.
DECREASE IN OUTPUT OF IRON.
Hho Injuries Sustained by the Wheat
Crop AFRO Thought to Have Been
ovcrcstimated-Price OF Cotton
Too High FOR Foreign Mills.
DECREASE IN OUTPUT OF IRON.
NEW YORK, July 13.-R. C. Dun,s
Weekly Review OF Trade tomorrow viii

NEW YORK, July 1S.-R. C. Duns
Weekly Review OF Trade tomorrow VIII
Say:
Il the great increase In failures to $780,
Be, l34 in the tirst half of 1850. against
fsa,66s,56i last year. and especially to siS'-
Sss,e7s in the second quarter, against s-4,-
bs5, 63S last year, gave no occasion Tor
dii.geIat search, failure returns wou!d De
worth nothing But to-day II IS shown
that thirty banking failures for 81, s22,6s2,
against thirty-e11e last year for $1,5el,.2s,
accounted for much OF the differences;
that 265 brokerage and real estate failures
for 81, Il. SSi5. against 1i9 last year iGf
only S2.32S,2l5. accounted for another part
and that in building and lumber WORKING
and trade other large failures distinctly
connected with those in real estate eA-
plain much more of the difference De
tween manufacturing and trading failures
last year and this. In these and much
less important changes in few other
lines are seen substantially ali the com
mercial disasters yet resulting from
an amazing r.sc in prices last year, fol-
lowed by weary but largely successful
efforts during the past few months TO get
back 10 normal state Of bus ness When
1lis Is seen. and the remarkable stead!-
ness in number and size Of the great MA
ierity OF the failures not for exceptional
N!is4t Il'tttdiS tiOtiit4 It4 S'2l'S-
cial satisfaction that business has been
on the whole so soundly conducted under
conditions OF unusual danger.
IRON OUTPUT
The Iron Age makes the output Of pig
2Ss,4l3 tons weekly, July list, but the de-
crease of 5000 tons has by this time been
exceeded, other furnaces having stopped
this month, and repairs Of works and Of
wage scales may yet occupy some weeks
The of in sold
implies decrease in manufacture more than
double the decrease III output, and works
y-ot tiva OF the grsat corporations are wait
ing for decline IN wages, just when the
workers have locked for Increase.
Open markets arc now admitted az Pitts
burg. where the quotations hava been for
some time nominal, and Besscmer pig IS
offered there at SIG.
Cotton speculation has held the price too
high for The comfort of foreign spinners
whe have not provided for all their wants,
bur the arrangement by the Fall River
Company to Gloss for month or more a
large part OF tbs New England mills will
clear away many disputes about the mar
Ike: for goods.
WHEAT CROP.
The and of the wheat crop year has
brough. tbs usual estimates, which COM
1naad no more confidence than usual If
this country can get out Of crop, officially
4caitec o4',SeD9 bushels. all It wants for
food and seed and 2os,ooc,0oa bushels for
eSpor: with considerable left over in sight.
IL is the easy Inference that anxEa1y is
needless
There is no evidence as yet, and for some
time TO come cannot be, that injuries sus-
tanned have been as. great as some sup
pose, so that alarm is not more necessary
than it WAS last year
Failures for the week: 1876 in the United
States against 769 last year, and 26 in
Canada against a last year.