The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1900-03-07
GREATEST EVER KNOWN,
Dun's Review So States ot the Weekly
Output In Iron and Sttel-Re-
view of Trade

New YORK, March 3.-R. G. Dun &
Co.'S weekly review of trade issued to-
day said in part:
Besides the SS1 commercial failures
for 50, ,031, ,048 which was were reported
there were III February six banking fail
ures for $500, ,24l, and receivers were ap-
pointed for the United States Flour
Milling company, with 25,OOO,OOO OF
stock and $l5,000,0 600 of bonds author
lied at its organization last April, and
for Third Avenue Railroad company,
after liens for several millions had been
placed upon the property. Unless sepa-
rated from such events, commercial fail
ures could not be compared with benefit.
The manufacturing failures for ST.
257, ,638 were larger than in February of
1896 or 1895, but more than half the
amount was in two classes, four large
lumber and one clothing failure making
3S per cent of the whole. The trading
failures were larger than in February of
last year, only but 20 per cent 9 these
defaults were made in five failures. In
most branches the comparison with pre-
vious years is encouraging and analysis
brings out in strong light the remark
ably low average of liabilities in the
smaller failures which constitute the
great majority indicating sound bust
ness conditions and unusually satisfac-
tory collections.
Except across the ocean, where events
in South AFRICA caused nearly all bust
ness to be forgotten, changes i'll the stock
market rank next in financial interest to
the rise of cotton. 1t was revelation
Of the appreciation in which American
railway stocks are held to see them
strongly supported, with Third Avenue
falling to about 90 and Flour Milling dis
missed to the hands of receivers.
The small rise in wheat last week.
although the price is quite low, sufficed
to call from the farms such receipts,
4,l05,661 bushels, against 3,195, ,437 bush
els last year, as to indicate that supplies
are not nearly exhausted. Exports from
Atlantic ports continue small, for the
week, flour included, only 1872, ,306
bushels, against 4,069,9 bushels last
year, and i'll four weeks from both coasts
exports have been 11,639,260 bushels,
against IA, ,S23,373 bushels. Though ex.
ports ran behind last years, which were
almost unequaled, they have already
exceeded in eight months those of most
full years, and the exports of corn, in
four weeks l2,724, ,645 bushels, against
12,051, ,053 bushels last year, explain
much of the difficulty, corn rising =.
cent during the week, while wheat de
clined "A cents.
The iron and steel industry continues
the greatest weekly output ever known
even while men speak of it as waiting
for more definite assurances about the
future. Prices of pig yield little, some
sales of Bessemer having been made al
Pittsburg for $24, and anthracite No.
is quoted here at $23. 80. Billets have been
sold at $33 at Pittsburg. For most fin.
ished products prices are stronger than
week ago, or as strong, bars and sheets
being strengthened by large business,
while only plates appear weaker, 2.1O
being quoted for sizes not the widest.
Coke is scarce and higher in spite of the
largest output. ever known, and the
wages of hands have been raised 1873
per cent to the highest ever paid.
Failures for the week were 222 in the
United States, against 1856 last year, and
28 in Canada, against 40 last year.