Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-07-06

on fall lines. but local jobbers are less
busy and orders from statesmen on the
road are light. Leather is quiet. but
hrmer. with a splendid export demand
for hemlock sole. Woolens and worst
eds are selling better and raw wool Is
taken more freely but the average OF
100 grades. according TO Coates Bros
| circular was slightly lower at 17.oc
cents on July lst- Cottons are in
better domestic demand. but prices are
held above bids of shippers to China
aud sales in the brown goods division
have decreased. Manufacturing as a
whole is unusually active for the sea-
son.
Staple products are quiet, speculation
being restricted by depressing weather
n the lengthy holidays at most OF
the exchanges prevented new commit
ments. News from the west was full
OF promise as to the growing wheat
yield, causing a further decline in
prices. although I oreign needs are
known to be heavy. Corn steadier,
somewhat because of reported injury
from heat and drouth. Receipts con
tinue light in comparison with last
years. but exports are equally unsat-
! factory. Cotton holds nrmely at a
point a little below nine cents, the
free movement into sight of the old
| crop being ~disregarded. Strength is
found in greater activity In the goods
market, together with rumors of rain
in Texas and a few other states where
moisture is deficient. Sales OF No. z
Rio coffee have been below six cents,
which Is not surprising since receipts
at Rio and Santos ports for the crop
year Just ended were little short of
eleven million bags. Even this record
breaking crop will be surpassed In the
current yield Is equal TO expectations.
Compared with the prices of a rear
ago, wheat shows a decline of about
eleven cents a bushel. cottons 1925 a
bale and coffee 3% cents a pound.
while corn Is not higher than last years
prices and pork PREDICTS alone of these
commodities show any advance.
Commercial failures during the first
half of 1901 numbered 5,759 with liabil-
tiles of 500. So4 600. against b.3S2 last
year for S74.7AT. 462. On manufactur-
lug lines there were .265 defaults with
sci SOL ,04S liabilities, while 4,iS9 trad
| ers failed for s24. S6i .e97. The improve
ment over the preceding year was most
striking in brokerage and banking in
s~olyencies, which were 81. 249 435 and
$15.s Q .554 respectively against $22.-
l24,346 and s25, 500, $50 last year. This
is the more noteworthy because the
violent agitation in Wall street during
| May was calculated to cause serious
disturbance and the last week of June
brought other failures through inju-
dieious speculation and poor banking
methods. While the half years state
ment is gratifying the second quarter
makes a much better showing. liabili-
| ties declining 81, 500. 2s2 compared with
the first quarter and $17. 623. 675 in
comparison with the second quarter OF
1890. The average liability per
failure was smaller han in
the corresponding three months
of any year since these records were
first compiled. The proportion of bad
debts to solvent payments through
clearing houses was but 60 cents to each
! 81 600. and only one out OF the preced-
ing los quarters recorded a lower rate,
while the average amount of defaults
to each firm in business was but $20.S3,
only seven other quarterly periods max
ing smaller returns.