The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1901-07-10
DUh'S Weekly REVIEW.
Labor Fionb|es Have Decided Effect
on Trade.

ION Goods, But UIeFS, FUi
Gf,ina FOO L0W---FaIs-
ures For Half Year.
New York, July 5.-R. G. Dun &.
Cos. weekly review Of trade tomor-.
row will say:
sbles IS feature Of the week that has
made for conservatism IN many dlrec7
lions, but throughout the country
iobbine and retail lines are busy and.
are handling goods at prices Whlcn
Weld fair profits. There is no rehec-
Ion Of this activity in the continued
iimnroyement IN the textile markets IN
HE east and the uneaslness over the
money market does not extend Beyond
HE ranks Of spectators in stocks
sF,ron reports continue gratifying,
mnch Good having been done by rams
ssiin5 tf1e middle west. Harvesting OF
winter wheat progresses favoraDiy.
sMnnfacturing has been interrupted
sby,;s the elements of labor ag1tat1on;
Numerous prostrat1ons from neat eat
caused the employers to close ghe the
mills during the most distressing
hours while. the sheet and hoop work.
iers we're ordered to stop WORK .unT11
certain disputed points were settled
No immediate settlement is antlclpat-.
ed because many plants need repair
and others are taking stock Until
the owners wish to resume their posi-
s;;o1,s go viii NOT be known. The reduc-
f;;tonso 25 cents on No. 2S sheets was
unexpected and not accompanied by
sanrIv general weakening Of prices. Cot.
ions are IN better domestic demand,
$sFhnt prices are held above bids of ship
sners to China and sales In the brown
goods division have decreased : Manu-
facturing as whole IS unusually ac-.
i've for the season. Staple products
are quiet, speculation being restricted
IN depressing weather, and the lengthy
HOLIDAYS at most Of the exchanges
prevented week commi itments.
News from the vest was full OF
n',romise as to the rgowing wheat yield,
6ansine further decline IN prices, al
though foreign needs are known to be
sbeayy. Corn steadied somewhat be-
cause Of the reported damage from
heat and drought. Receipts continue.
sIioht in comparison with last years.
but experts are equally satisfactory
Cotton holds firmly at a point little.
below 9scents, the free movement into
.sigth being disregarded. Strength IS
sfonnd IN greater activity in the goods.
market together with rumors OF rain
in Texas and few other States where
moisture is decfient. Sales of No.
Rio coffee have been made below SIX
cents which is not surprising since re-.
sceipts at Rio aud Santos reports for the.
crop year Just ended were little short
of OOO, COO bags. Even this record
breaking crop will be surpassed if the
current yield is equal to expectations.
Compared with the prices OF year
ago wheat shows decline OF about u
cents a bushel, cotton s6.25 bale and
coffee 3sa pound, while corn IS not.
higher than last years sprlce and pork.
products alone of these commodities
show any advance
Commercial failures during the first
half Of 1901 numbered 5,75o, with Ha-s
biliIies Of S55,S04, $50, against 5,532
last year for 74,T47.R452. In manu-
facturiag lines there we're 1855 de-
faults with 81, ,69l, ,M8 liabilities,
while ,189 traders failed for 80, 6644,
.207. The improvement over the pre-
sceding year was most striking in
Brokerage and banking insolvencies
which we're Sc, ,M9, 435 and sl5, S3o,554
respectively against s221,A,346 and
.S25,S22, ,682 last year. This is the most
noteworthy because the violent agita-
ton in Wall street during May vas
calculated, to cause serious disturbance
and the last week of June brought
other failures through the injudlcious
speculation and poor banking methods.
While the half year statement IS
gratifying the second quarter makes
much better showing, liabilities de-
Ginning S7,602,2 ,2S2 compared with the
first quarter and ST, ,623,675 in com
parison with the second quarter Of
1900. The average liabilities per fail
ure was smaller than in the correspond
ing three motnhs Of any year since
these records were first compiled. The
proportion of the bad to solvents pay
ments through clearing houses was
but 60 cents to each $1,000. and only
one oGt of the preceding los quarters.
recorded a lower ratio while the aver
age amount Of defaults to each firm IN
business as but $40. 0.33, only seven
other quarterly periods making small
erreturns.
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