The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-06-05
DIN & cos. TRADE REVIEW.

Dun & US TRADE TIE LEW"
New York. une 1--R. c. Dun. &
Cos weekly Review OF Trade tomorrow
Will say:
While returns Of failures in May by
branches Of business cannot be given
until next week, Il a be stated NAT
not over six months in more <nan SIX
years have shown as large
liabilities as May will show. owing 10
the failure OF a fi1n principally en-
gagged in cotton brokerage. The re-
ported liabilities Of this one firm ex-
coed those of all firms failing in every
month. but one. last year, and IN ever
months, but three. In 1885.
turing failures In the four weeks or
Nav were only sa.sss.I S and trading
failures 81. 80, sol. while failures IN
brokerage and other commercial lihes
TO SIS. s2s,s9
The decline in cotton 20 ? cents. ana
the reduction OF regular print0Ioths
10 3iSc at Fall River, with outside sales
at 5 cents, indicate that speculation
in this case ma have somewhat check
ed business and industry.
The rapid progress OF events in Afri-
ca. with prospect that the war will
soon end and the gold supply from tnat
region will be resumed. has naturally
affected both money and security
markets on both sides or the ocean
Needs OF foreign borrowing may DE
much reduced and hindrance to foreign
investments here in large measure re-
moved; but the demands upon Amer
lean machine works and other sup
plies are likely TO be materially In
creased n the restoration OF
industries in South Africa begins
The most conspicuous feature Of do
mestic news is the steady progress TO-
ward a lower level OF prices for the
chief materials of industry. without
"a 49, GnN ale
il is believed the smallest ever record
ed in May at the chief three eastern
markets, ecept in 1898. prices OF WOOL
have declined so that the one hundred
| quotations in Coates Brothers clrcu-
lar would average about 2l.s4 cents
against 24.12 at the highest point FED
ruary 1st., and 1916 a year ago. The
| stagnant and hesitating condition or
the goods market. though not extend
ing to the most favorite staples. Whlch
were largely sold early in the season.
has caused much irregularity in prices
of goods of other grades. 50 that some
have been cleared out by concessions
of Is 10 70 per cent. from the early
quotations OF the season. There Is
also more complaint of cancellation.
and on this occasion in cotton as well
as wooden goods. With prices adjust
ed to a lower range all textile branches
might expect greater activity.
Inc mango IN nlueS HAS ila = p10
gress also, the average at Chicago de-
clining over 5 per cent. for the past
week and thus far about II per cent.
from the highest point. Large sup
plies are mentioned in some grades
but the Xxi OF the manufacture
has been the controlling feature. Or
ders for boots and shoes have been re-
duced much more than shipments. be-
cause many works had orders which
are not vet exhausted. The shipments
in May have been smaller than in any
other year since 1892. They were larg-
er by ia per cent. in 1896. by 2s-S per
cent. in 1895 and by 27.7 per cent. last
year
The decline in pig iron continues.
grey forge reaching $3.50 at Pittsburg.
No. / local coke 500 at Chicago. No. i
anthracite and BessemerS22 at Phila-
delphia. and Lehigh $21 here. Only small
changes have appeared during the
week in prices of finished goods. but
these are toward lower figures. There
are current statements. but some Of
the properties just taken by the Steel
Sheet Company have been sold back
to former owners properties OF tne
Steel Hoop Company will be divided
likewise, but il is not at all surprising
if a few out of so many combinations
result in the disappointment OF some.
Probably a lower quotation for Bes-
semer pig may be accepted by the as
ISOLATION in the central region for the
latter half Of the year, as the closing
of many works, owing 70 reduced de-
mand, may leave these furnace with
out full employment: The acceptance
y of two large contracts for export. one
for 800, 600 by southern works. is a
good sign.
Failures for the week have been 100
in the United States, against lf5 last
year.