The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1901-07-13
HEAT AND HOLIDAY.
Together with Strikes They Serve N
Slight Check to Progress of Busi-
ness and Industrial Conditions.

New York, July 6-Bradstreet's says:
"Hot weather, holidays and stock taxing.
the first-named particularly, have iimiteo
trade In the period under review ano causeo
q practical suspension In Industrial activity
in many cities. Against this seemingly un.
favorable feature, however. is to be noted
the fact that good business has been done
in all kinds of seasonable products at re-
tail, and the check to trade at wnolesuie
has been largely Dostponement rather
than actual elimination or business
The crop situation has on the whole I'M
proved, and corn and cotton. the two lead
ing crops most In question at present, nave
gained some Of the ground lost carrier IN
the season by cold weather The wpeat
crop is certainly In Favorable conoitioh'
because harvesting has gone forward rap
idly, and results have been on the whoie
quite satisfactory. Corn shows the heaVi.
est advance for any week for year past
on reports of dry, hot weather damage
aided, however, by speculative manipuia-
ton and fairly good export business.
1.-THE feature In retail trade this week mas
been the very large distribution OF an
classes of summer goods, induced py the
hot spell. Wholesale distribution has been
comparatively limited. but 1t is to be noted
that western jobbers have experienced
good reassorting demand, based upon not
weather conditions. In the iron and steel
trades strikes and weather have been fea-
lures leading to unsettlement. but Just how
much idleness is due TO the demand or LABOR
organizations is hard to measure, because
shut-downs OF iron and steel mills for re-
pairs or because of weather conditions are
the necessary and usual thing a this period
of the year. The fact Is that nonunion
mills ordered struck by the Amalgamated
society are now running full capacity, ana
the employers claim that they welcome the
shutdown of the union works so as TO al
low OF needed repairs.
Commercial failures during the first half
of 1901 numbered 5759, with liabilities of
$50 ,S04 800 against $3.50 last year, for STA
al, 452. In manufacturing lines there were
1,2l5 defaults, with SCI ,69l,04S liabilities,
while 4,lS9 traders failed for s2i S64, 207. The
Improvement over the preceding year was
most striking in brokerage and banking in
solvencies, which were 1920, i35 and $l5-
S39, 554, respectively, against so, $40 and
s25, 500 ,GS2 last year. This is the more note
worthy 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 injudicious speculation and poor
banking methods. While the half years
statement is gratifying. the second quarter
makes a much better showing, liabilities
declining S0O22S2, compared with the first
quarter, and sl7, 623 ,675 in comparison with
the second quarter Of 1900. The average liza
bility per failure way smaller than in the
corresponding three months of any year
since the records were first compiled The
proportion of bad debts to solvent pay
ments through clearing houses was but 60
cents to each LOCO. and only one out of the
preceding los quarters recorded q lower
ratio, while the average amount of de-
FAULTS to each firm In business was but
&0.S5, only seven other quarterly periods
making smaller returns"