Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-01-06
DUN'S REPORT,
Business Of the Great Indus.
tries Remain Unchanged.
Boots and Shoes Higher--Good Cotton
Goods Demand WooIens Lower.
Wheat Rather Sluggish Corn Unchanged
Iron and Steel Very Active.

New York, Jan. 5.-R. G.. Dun &
Cos. Weekly Review of Trade will
say: Failures in 1899 were 1898 in
| number with liabilities of $l23 1872. G79
The last days of the year added q few
u the number and some millions to the
known liabilities of firms and banks
| which failed close to the end so that
commercial defaults reached 800 879, SSg
| OF which $50. 1872, 1G4 were in manufact-
uring, $6S 1924, III in trading and 81 ,IG2, =
?14 IN brokerage promoting and other
| commercial liabilities.
There is nothing unsound in the bus
mess Of the great industries but an ex-
tensive revision of prices may dsap-
point extreme expectations. Two ways
Of stimulating business are adopted.
The Iron Age notices transactions Of
magnitude in foundry iron which in
dictate that some sellers are willing to
make concessions to secure the trade
of good customers" But the Steel and
Wire Co. has advanced prices of wire
nails, barbed and smooth wire Is cents.
Some new business is reported but not
enough as yet to indicate the tendency.
In tin after fall from 33 TO % cents
the prices rises to 1926 with London,
and in copper 1872 is quoted instead of
1Si2. month ago.
The disposition to ask still higher
prices is seen in boots and shoes. 20
cents advance being asked on some for
which 11k cents was asked and paid in
November. Most works are reported to
have orders ahead for about a month
though some are seeking more business
but jODbers doubt whether prices will
last The yielding in hides at Chicago.
in spite of short receipts, because warm
weather has checked killing by farm
ers, has reached per cent in the
past month.
Cotton goods are at the highest quo
tations of last year, with a good de-
mand. though cotton has declined
little. But the goods were al no time
advanced quite in proportion to the
material and are in that sense cheaper
now than a year ago.
Wo"l"n goods are much lower with
respect To wool than a year ago and
some further advance has been expect
"a. Wool is still strongly held. though
full prices asked a month ago cannot
be obtained.
Cotton does not rise further because
receipts from plantations have some
what increased ana accounts Of large
stocks at many small towns have at
tracted attention.
Wheat still moves sluSgishly with
small change in prices In six months
of the crop year about % 900. 900 bushels. |
flour included. have been exported.
against l2@,000,o00 last year Atlantic
exports have now fallen to only 2.060- |
926 bushels for the week. against |
5,2l442b. last year, ana Pacific exports |
We're 53l .225. against GA. S33. last year.
The price is practically unchanged |
as also for corn. of which 3.923195 |
bushels have been exported for the |
week. against &.572,i12. last year.
Failures for the week have been 30
in the United States. against 243. last
year. and p in canada. against Il, last
year.
DunS Review reporting the business Of
IS" saws: The failures Of 1899 are the
smallest ever reported since 1871, with thu
lowest average Of commercial liabilities
ever reported. The liabilities Of CONNER
cial failures in different sections Of the
are compared below with the
preceding year: