Evening journal., 1900-07-07
WEEK OF TRADE

BradstreetS has TINS 10 say ABOUT the
condition Of trade for the week:
Business is usually dull at this sea-
son, and this year no exception to the
general rule is to be remarked. A re-
view Of the past six months, however,
gives little comfort to pessimists.
Bank clearings, II is true, are smaller
by about IL per cent. than they were
in the first half Of 1899, but railway
earnings are about 10 per cent. larger.
While the past reveals conditions so
satisfactory, IL is encouraging to know
that the future outlook, though clouded
somewhat by some uncertainty as to-
the crop outlook, contains many sus-
tanning features. The total bank clear
ings at eighty cities for the month OF
June aggregated $6,62l ,06S,707, a de-
crease Of IL per cent. from June year
ago, but gain Of nearly 21 per cent.
over June, 1898, and Of S5 per cent. over
June, 1894, while for six months they
aggregate $42 1857, POI ,3l6, a decrease Of
IL per cent. from last year, but a gain
Of 30 per cent. over 1898, and are
nearly double those of 1894. July ] set
Elements were very heavy, and this is
probably responsible for the fact that
bank elearings for the present week
aggregate 81 ,599, ,539, ,3S1, sum 8 per
cent. larger than those OF last week and
only per cent. smaller than in this
week year ago. Outside of New York
clearings are per cent heavier than a.
year ago. Business failures for the
week number 146, as compared with
1856 last week, 1876 In this week a year
ago, 241 in 1896, 213 in 1897 and 219 I'M
1896"
II. G. Dun g. Company's Weekly Re-
view Of Trade says:
Had it been predicted that the vast
iron industry would be thrown from
unprecedented activity into great de-
preston, with many works closed and
prices reduced fully quarter, without
failures amounting in all to 100000, it
would have been thought impossible.
Yet the six failures in that department.
for the last quarter were in all for
$2S935, though Bessemer pig has fallen
from $25 to $1S, and plates from 81 to
1.5 cents, and the average for iron and
steel products has declined just % per
cent. since January 10. Some further
decline is now expected before things
and efforts to arrange wages are pro-
crossing.
The Thomas and Empire and some
other large concerns have given notice
Of reduction, while the tin plate and
other large combinations have closed
their works, waiting a settlement
Similar difficulties occur at this season
In other industries, but with small
prospect now OF serious embarrass-
ment, as the closing OF works for want
Of orders shows their condition.
The Fall River Committee has de-
cided to close their cotton mills for a
time, and some OF the largest wooden
works have been closed or reduced
much in force. A large share Of the
boot and shoe force is inactive, and
change in prices has resulted since
those OF some weeks ago, which. ac-
cording to later accounts, were made by
fewer OF the manufacturers than was at
the time believed
Nothing to cause apprehension is oc-
curing In the financial world, and the
vacation period begins with an unusual
sense OF safety and security. Exports
are still piling up credits against other
countries, the best informed bankers
now judge that further shipments Of
gold are improbable, and the relations
between the Treasury and the banking
institutions are in every way mutual
ly satisfactory. The great receipts of
the Treasury now cause IL no incon-
venience, nor do they threaten in any
way the stability OF the money mar
kets. In Ave weeks merchandise ex-
ports from this city show a gain OF Is
per cent. over last year. while the in
crease In imports was insignificant.
Reports to r. G. Dun & Co. show
commercial failures for the half year
just closed $3.50 in number, with lia-
bilities OF S74747 ASP. but nearly one
third Of the whole amount was in the
list of brokers, agents and the like. OF
which 265 failed with liabilities OF S22,-
122346. and during the last quarter las
failed for s1S,S20,973. On the other
hand, the manufacturing and trading
4 failures were both smaller In the sec
\ ond than in the first quarter OF the
year, although both were considerably
larger than in the corresponding quar-
ter Of last year.
The number OF failures and liabilities
for this year and last for each quarter
the half year and OF banking concerns
Is compared below: