The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1900-07-09
BRADSTREEPS
w, ekly Review Of Trade Re
ports Things Dull.

ann AliiG year no t'NNtpllpil " AAlt bNiA-
eral rule is remarked. A review of the
past six months however, gives little
comfort to pessim. sts. Bank clearings.
It is true, are smaller by about eleven per
cent than they were in the first half Of
1899, but railway earnings are about ten
per cent larger and business failures as
reported to Bradstreets, are the fewest
reported for eighteen years back, with
liabilities of failing traders the smallest
with one exception, and that last year,
since 1892.
Winter wheat has about all been har-
vested in the southwest and the yield
there has been very large. Copious rains
in the northwest, too, have apparently
worked some improvement, judging from
the more cheerful tone or advices re-
ceivsd thence this week seems to have
brought back many large financial in
terests, but on the other hand money is
easy and the enormous disbursement of
the income on July first brought a large
supply of funds into the stock market
for re-investment. Although scattered,
the buying of dividend paying stocks has
been large and persistent. and commits
sion houses report a considerable demand
of that kind, which, of course, reduces
the floating supply. The fact that rains
have improved the wheat situation in the
northwest and have caused expectations
of half a crop to replace the estimate Of
total failure of the spring wheat vie d
in three important states also helped the
market, and caused covering of Shorts
throughout the hist.
The belief that a change for the bet
ter is at hand in the iron trade also
had a good effect the industrials. In
the railroads, the anthracite group was
the active feature of the week with
sharp advances in several of it's men,
"rs giving rise to the idea that some
important deal. involving trunk line in
terests, is in prospect.
Raw cotton has been irregular this
week. Some improvements in crop ad-
vices is to be noted. but the main in
terest centers upon the efforts of the over
grown shortage to cover on the early
crop deliveries.
Wool is dull and manufacturers are
supplying only actual wants. Prices are
at the lowest point reached this season.
in sympathy with te lower opening Of
the July wool sale at LondonJ where finer
~~ades are relatively weakest
Tn manufacturing lines dullness and
weakness are most marked in products
of iron and steel. Talk of an effort by
the great combinations to control prices
in the latter industry is heard but in
the almost total lackof new business tn
sic material. pig iron weakens stead
ilv, with some authorities predicting
p per cent reduction from present prices,
which are not attracting buyers.
The situation in boots and shoes and
its allied industries is one Of quiet pend
ing new developments. The settlement of
labor troubles is reflected in the better
demand for building materials at affect
ID points. Southern pine prices are weak
ND the market for that material is very
lull
Sugar has been marked up again this
week, coffee IS higher. while tea holds
no full advance scored on the outbreak
If the Chinese troubles.
Wheat. including -four shfpm nts f~r
tho week aggregate 3,1Ss.S32. against g.
1S41A bushels last week; 9,75S972 bushels
in the corresponding ewek of 1S9; 272S.f42
bushels in 1898; 25O2,6O6 bushels in 1897
and 2,167076 bushels in 1896
Corn exports for the week aggregate
3614294 bushels against 4OOO654 bushels
last week. 2.75S,972 bushels in this week
year ago 2.72S, $40 bushels in 1898; 2502.-
COG bushels in 1897, and 21670S7 bushels
in 1896.
Business failures in the United States
for the week number 196, as compared
with lS5 last week 1876 in this week
year ago, 2n in 1898; 213 in 1897, and 219
In 1896
business failures in Canada number 25'
as compared with eighteen last week, %
in this week year ago, 16 in 1885, "A ir
1897, and 80 in 1896
DUN's REVIEW OF TRADE.
NEW YORK, JULY 7-R. C. Dun &
Company's weekly review of trade says:
Failures in the first half of 1900 were
1852 with liabilities of s1O0.57O194. There
We're thirty failures Of banks. and fnan-
cial corporations for S25, SD S62, leaving
.. 1892 commercial failures with liabilities
Of s7f,747.45T
Had It been predicted that the vast
iron industry would be thrown from un-
nrecedented activity into great depres-
sion. with many works closed and prices
reduced fully a quarter, with failures
amounting in all to $50 600, II woud have
been thought impossible. Yet the six
failures in that department for the last
quarter We're in all for sos 935. though
Besemer pig has fallen from s25 to SIS and
plates from 81 to 15 cents. and the
average for iron and steel products has
declined just % per cent since January
TO- Som efurther decline Is now expect
g. az