The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-07-06
THE WEEK IN TRADE
q. G. DUNS REVIEW TAKES AN
OPTIMISTIC VIEW OF BUsI-
NESS OUTLOOK
FAILURES FOR SIX MONTHS,
As Compared With the First Half
of 1900, Make Favorable Show
ing, Especially in Hank
Ing InsOIVencies.

NEW YORK. July 5-Dun & Co. IS
weekly review of trade tomorrow will
say:
Development of fresh labor troubles is
feature of a week that has made for
conservatism in many directions, but
throughout the country jobbiEg and re-
tan lines are busy and are handling
goods at prices which yield fair profits.
There is a reflection Of this activity
IN the continued improvement in the tex
tile markets in the East and the I'M
easlness over the money market does
not extend beyond the ranks of specu-
lators in stocks. Crop reports continue
gratifying, much good having been done
by rains in the middle West. Harvest
ing Of winter wheat progresses favora-
bly,
Manufacturing has been interrupted
by the elements and labor agitation
Numerous prostrations from heat caused
humane employers to close mills during
the most distressing hours, while the
sheet and hoop workers were ordered
to stop work until certain disputed
points were settled. No immediate set
Element is anticipated because many
plants need repair and others are taking
stock. Until the owners wish to resume
their position will not be known. The
reduction Of Is cents on No. % sheets
was unexpected and not accompanied by
Footwear shops in New England are
active on fall lines, but local jobbers
are less busy and orders from statesmen
on the road are light. Leather Is quiet,
but firmcr, with a splendid expert de-
mand for hemlock sole
Woolens and worSteds are selling bet
ter and raw wool is taken more freely
BAT the average Of leo grades, according
to Coates Bros circular, was slightly
lower at 17.06 on July 1. Cottons are
in better domestic demand, but better
prices are held above bids of shippers
TO China. and sales in the brown goods
division have decreased. Manufacturing,
as a whole is unusually active for the
season.
Staple products are quiet, speculation
being restricted by depressing weather.
and the lengthy holidays at most of the
exchanges prevented new commitments
News from the West was full of prom
Use as to the growing wheat yield, caus-
ing a further decline in prices, although
foreign needs are known to be heavy.
Corn steadied somewhat because of re-
ported INJURY from heat and drouth. Re
- celpts continue light in comparison with
last years, but exports are equally I'M
satisfactory Cotton holds firmly at a
point a little below cents, the free
- movement into sight of the old crop be-
ing disregarded. Strength is found in
great activity in the dry goods market,
together with rumors Of rain in Texas
and a few other states. Moisture is de-
f1cient. Sales of No. 7 Rio coffee have
been made below 6 cents which is not
surprising, since receipts at Rio and
Santos ports for the crop year just
ended were little short OF II, 600 600 bags
Even this mountaineering crop will be
surpassed if the current yield is equal
TO expectations. Compared with the
- IT.
cline Of about II cents a bushel, cotton
S6.25 bale and coffee 32s cents a pound,
while corn is not higher than last years
price and pork products alone of these
commodities show an advance.
-. Commercial failures during the first
half Of 1901 numbered $3.50, with liab-
files of $50, S0l $50, against 1892 last year
for $74,745, 452. In manufacturing lines
there were 1,265 defaults with s21, 691 0fS
liabilities, while 4,1S9 traders failed for
$24, S64 2O7.
The Improvement over the preceding
year was most striking in brokerage
and banking insolvencIes, which were
So eOO,435 and 5,SS9,55i respectively,
against 500, ,345 and $25, 822, $50 last year
This IS more noteworthy because the
violent agitation in Wall street during
May was calculated to cause serious dis
turbance, and the last week of June
brought other failures through injudi-
cious speculation and poor banking meth
eds. While the half years statement is
gratifying, the second quarter makes a
much better showing liabilities declin-
ing S7,9O22S2. compared with the first
quarter and l7623,675 in comparison with
the second quarter. The average liza
bility per failure was smaller than in
> the corresponding three months of any
year since the records were first COM
piled. The proport on of bad debts TO
solvent payments through clearing
houses was but 60 cents to each $100h
and only one out Of the preceding los
quarters recorded q lower ratio, while
the average amount Of defaults to each
firm In business was but $2O.33- Only
seven other quarterly periods marked
Emallnr rntnrnS