The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-29
DUN's REVIEW OF TRADE.
Failures for the Third Quarter s1o,-
100000 Larger Than in 1880.

NEW YORK, Sept. 2s.-Dun's weekly
review of trade tomorrow will say:
incomplete returns Of failures for the
third quarter of 1900, with estimates
covering the last day. indicate a total Of
2,490 in number and s2T 1854, 139 in amount.
This is a slight increase in number over
the second quarter, but decrease of 400
from the first three months of this year.
Liabilities are much smaller than in the
preceding quarters of this year. but $780,
ec1 200 larger than in 1889.
Going back to the previous Presidential
election year, when conditions were much
the same. we find that the number of fail
ures was 3,5f7 and the amount Of liabili-
ties $73, 2S5. 4S9. In the same months OF
1896, banking failures were so In number
and s11 III, $50 in amount. This year there
were eleven failures for s2,7s9, coo, and
most of this was in one banking and brok-
erage house.
mot Wall Street alone, but the entire
business world is we'll, watches the prog
ress of efforts 20 bring about settle
ment of the anthracite coal strike with
active interest. This week the paralysis
of the anthracite industry was more COM
plete than last and the effect was seen
upon the distribution of merchandise in
the East and the placing of new orders
with manufacturers. Coal advanced 20
cents above last week, and the larger
companies refused to name selling price
'The strike involved about 15,00o more
miners and hundreds of trainmen, but the
working force has increased largely
through the settlement between the Anal
gamated Association and several steel
companies, whose works. employing Co.
OOO men. have been idle, while only 1,6e0
men we're affected by the shut down of the
Susquehanna Iron and Steel Company by
a strike In the East the conditions seem
generally favorable for a quick recovery
with the coal strike over, while in the
West there has been no noteworthy re-
duction in tt, distribution of any class
OF goods.
aside from the expected reduction to
SIG for s:eel rails, and sales Of Bessemer
pig at Pittsburg at S13.75. the whole list OF
iron and steel products is unchanged Inc
feeling grows stronger that the bottom has
been reached.
wheat again rose to SO. but failed to
maintain the advance. Cora for prompt
delivery was scarce and advanced 10 cents
above the price at thi; date last year, or
over % per cent.
THE sale of wool fciI TO about one-quar-
ter OF last years End 100 grades quoted in
the Philadelphia market show a decline OF
about half a cent.
THE stock exchange had busy week.
violent decline occurred on heavy liquida-
ton for weakened accounts, extending 10
all groups of stocks. But the reports OF
progress toward a coal settlement brought
fully as violent an advance, revealing
dangerously oversold market in some di-
rections.
Railroad earnings keep up to last years
record better tbsa expected, and some ex-
cellent reports Of net earnings were re-
ceived. In gross earnings over $4,000 miles
OF road reporting 70. September to date
show 4.3 per cent gain over 1899 and rs
over 1898. Exports irom the port of New
York for three weeks she's gain of 31-5
per cent over last year, While imports de-
creased Ia per cent
~ Failures for the week were 204 in the
United Sattes, against 157 last year. and
Is in Canada. aga inst p last year"