The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-09-01
FAILURES SOMEWHAT FEWER.
LIGHT MONTH COMPARED WITH
OTHERS TtsIs YEAR.

Many Hands Thrown out ny the
CLOSING OF steel niII~-Cotton
Movement IL slow and Late-trSn
Market HES shown steady Im-
Ersxcmcns-N0 Progress tn the
boot and shoe Industry-Cotton
Mills Are Quiet.
New York Aug. SIR. G. Dun q Co.'S
Weekly Review Of Trade will say to-mor-
row:
Commercial failures during August were
7S5 ln number with liabilities OF s7.S23, 80.
Administering failures were ia Tor e.
oise07: trading. SO for 0.sS5,e57. and other
commercial a. Tor sac, $50.
There were only two banks with hah.'-
tiles OF $4,000 This Is the best monthly
siatemcn, for 1900 thus Gar. but shows an
increase over the corresponding month
in the two preceding ycau.
Steel mills In the Cumberland District
and some IN Indiana have shus down.
throwing many harris out. but part OF
these will be trans.erred to other depart
ments OF the new Crucibie Steel Company.
Otherwise the working force IL increas-
Ing, ana hope 81 expressed OF an adjust
ment with the anthracite coal miners
Reading Company miners are said to ~
opposed to a strike. and some others are
In the same position.
Another important influence OF the week
has been favorable weather for the devel-
opment OF corn over the greater part Of
the surplus corn states. though heavy
rains In the spring wheat region have re-
tarded harvesting.
The cotton movement Is slow and late
but weather conditions average better eX-
cept Ia the Caroinas. Price changes are
small
In the Iron business.
Steady improvement Is seen In the iron
market. II IL rot marked BY large ad-
vanccs. but wherever change occurs Il Is
In the right direction. II " claimed by
some authorities that orders currently
booked aggregate more than present pro-
ductiOn and shipments. Special couces-
sions 20 secure prospective business are
Withdrawn. and buyers seek contracts for
prompt delivery. In some lines mills are
actively employed-sith orders for months
ahead, ana contracts running 20 June we're
placed this week Sales Of iron cars were
made az si.4o. and si.G0 is quoted for Bees
semer pig az pittsburg. Western stove
manufacturers have been buying freely.
and more bridge builders signed contracts
for structural material Merchant steel
advanced on Increasing orders. while do
nestle purchases Of cotton ties were large.
although rather late Copper exports av-
erage l.ocoooo pounds a day, and the mar
ket 3 IN a strong position. Iron ore han
dlers have made trouble az Cleveland. and
the industry will Hn tafrl IA aagH HgtnN
In unloading vesscla Further reduction
Is shown IN the output at the Councils
vile coke ovens.
In other Lines.
II is not possible 20 report progress In
the boot and shoe industry. uniess IL can
be considered encouraging that continued
inactivity at the shops must in time re
duce stocks 90 q point where orders will
mean r. sumption OF operations.
There IS general quiet at both cotton
and woalsn mills The only manufactUr-
ers showing any interest in wool al Bos-
ton arr those with government contracts
that must be filled promptly. Prices OF
wool are unchanged. and Western hold
| ers have not lost any Of their Confidence
I Sales al the thrce chief eastern markets
/ were only s.2A9O0 pounds against 5.O62,.
I 90 In the previous week and 622S. 100 a
/ year ago.
Failures for the week were rs In the
United States against iu last year, aud
y In Canada against % last year.