Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-07-14
ION 4 BUSINESS BASIS
Study Of Failure Statistics Shows
Business Has Been on Compare.
lively Sound Basis.
Trade Equilibrium Is Maintained
Notwithstanding Conditions
Unusually Dangerous.
Visible Improvement in Demand at
Beginning Of End Of the
Dull Season.

New York, July 14.-R. G. Dun & Co. g
Weekly Review of Trade today says:
If the great irftrease in failures to
s100,510.134 in the first half of 1900,
against s49,664.661 last year, and espe-
cially to s43,s9s. 0i9 in the second quar-
ter. against s2l,695.635 last year, gave
no OCCASION for diligsnt search, failure
returns Will be worth nothing. But
today it is shown that thirty banking
failures for s25.s22.s22. against thirty
one last year for s7.6O1, 72S, accounted
for much of the difference: that 265
brokerage and real estate failures for
So. l22.346, against 145 last year for only
$2.32S,215, accounted for another part,
and that in building and lumber work
ing and trade other large failures dis
.tinctly explain much more of the differ
.ence between manufacturing and trad
ing failures last year and this In these
and much less Important failures in a
few other lines are seen substantially
all the commercial disasters as yet re-
sulting from an amazing rise in prices
last year, followed by weary. but large
ly successful efforts during the past
few months to get back to normal
state of business. When this is seen,
and the remarkable steadipess in num-
Der and size Of the great majority of
failures not for exceptional amounts,
there appears ground for especial sat
lisfaction that business has been, on the
whole, soundly conducted under condi-
tions of unusual danger.
The Iron Age makes the output of
pig eS3,4l3 tons weekly, July l, but the
decrease of $4,000 tons has by this time
been exceeded, other furnaces having
stopped this month, and repairs of
works and of wage scales may yet oc-
cupy some weeks. The increase of &c.
95s tons in stocks unsold implies a de-
crease i'll manufacture more than do,i-
bic the decrease in output, and works,
of five of the great corporations are
waiting for q decline in wages just
when the workers have looked for in
creases. Open markets are now admit
ted at Pittsburg, where quotations have
been for some time nominal. and bes-
semer pig is offered there at SIC. Struc-
tural makers decide not TO reduce
prices, but steel bars there and plates
at Philadelphia are said to have sold
at lis in some cases. The sheet works
open Monday with large orders. Coke
works, about 10 per cent idle, have no
demand now, and in contractsit is said
that even $3.50 W ould be shaded.
Cotton speculation has held the
price too high for the comfort Of for
eign spinners, who have not provided
for all their wants. but the arrange
ment by the Fall River committee u
close for q month or more large par,
aof the New England mills will cleal
Iaway dispute about the market TO,
goods. The wooden manufacture is ii
no better position. with some Of the bes
mills closed in part or wholly on ac.
count of the uncertainty of demand
Wool is growing weaker.
Prices Of shoes are not auotabl,
weaker, with new business light. Leath.
er grows weaker in tone
! The end Of the crop year has brough
the usual estimates. If the country cal
.Iget out Of a crop officially called 547
100000 bushels all it wants for food ant
seed and 2oO,0OOOOo bushels for export
with considerab BILE left over in sight. i
liz the easy inference that anxiety il
needless
i There Is no evidence as yet and 70
some time to come can not be, that in
|jurtes sustained have been as great Al
Isome suppose, so that an alarm is no
lmore necessary than it was last year.
i