The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-07-06
MINIS REVIEW OF TRADE
,o,EsALE AND RETAIL LINES
" no GOOD BUSINESS.

.+rring Quiet on Account OF
md Strikers-Western Grain
Gus show Up Well--Greater Ac-
+,-,+x in the Cotton Market-rhe
rooord for Failures for the First
% the Year Compares Fnvor-
80, with 19OO-The Last Quarter
wakes a Very Good Showing In
This Respect
.-.a, YORK July 5.-R. G. Dun & Co.'S
weekly ReVle" Oh A"
say: x..u ,ahor .rouhles
feature of the week that has maze
- conservatism in many directions out
.Au,rqbout the country jobbing and re-
-, ,,,.s are busy and are handling goods
docs which yield fair profits. There
election of this activity in the con-
.i,ue6 Improvement in the textile mar
49,. IN the East and the uneasiness over
-. money market does not extend be-
- the ranks of spectators in stocks
-, rsnorts continue gratifying, much
a5 having been done by rains in the
7rd5ra West. Harvesting of winter wheat
,rogresses favorably.
,fopufacturing has been interrupted by
.be elements and labor agitation Numer-
.,. registrations from heat caused hui
name employers to close mills during the
most distressing hours, while the sheet
o,5 hoon workers were ordered to stop
work until certain disputed points were
sa+tls5 No immediate settlement is an
+ic;nated because many plants need re-
.air and others are taking stock. Until
H. ou,ners wish to resume their position
IN rot he known. The reduction of 25
cents an No. 2S sheets was unexpected
and not accompanied by any general
weakening of prices.
Decline in Values.
Cations are In better domestic demand,
mn nrices are held above bids of ship
ners 10 China and sales in the brown
goods division have decreased. Manufac-
t,,rinz as a whole is unusually active for
the season.
staple products are quiet speculation
heinr restricted by depressing weat her
ord the lengthy holidays at most of the
exchanges prevented new commitments.
News from the West was full of prom
,se as to the growing wheat yield. caus-
ing further decline in prices, although
foresgn needs are known to be heavy.
Corn steadied somewhat because of the
reported injury from heat and drouth.
Receipts continue light in comparison
with last years, but exports are equally
unsatisfactory Cotton holds firmly at
a noint little below nine cents, the free
movement into sight of the old crop be-
ing disregarded. Strength is found In
greater activity in the goods market to-
eether with rumors of rain in Texas, and
q few other states where moisture is de-
hcient Sales of No. 7 Rio coffee have
been made below cents, which is not
surprising since receipts at Rio and San
tos ports for the crop year just ended
were little short of 100000 bags. Oven
this recoFd-breaking crop will be sur
passed if the current yield is equal to ex-
pectations.
COttOns Too High for China.
Compared with the prices of year ago
wheat shows a decline of about Ii cents
bushel, cotton $6.25 a bale, and coffee
8% cents pound, while corn is not high
er than last years price. and pork prod
ucts alone of these commodities show
any advance.
Commercial failures during the first half
OF 1901 numbered 5,759, with liabilities of
So SO4 $50 against $3.50 last year for STA
747 452. In manufacturing lines there were
1265 defaults, with $2,691,04S liabilities,
while 41S9 traders failed for $24,S64, 20.
The Improvement over the preceding year
was most striking in brokerage and bank
ing nsolvencies which were 50, 249. ass, and
Sl5,S9,554, respectively, against $50, 124 ,S46
and S25 so, $50 last year. This is the most
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 injudicious speculation and poor
banking methods.
The Quarters Good Showing.
While the half-year's statement is graf
flying the second quarter makes a much
better showing, liabilities declining ST.
6R,&2 compared with the first quarter,
and Sl762S,675 in comparison with the Sec
ond quarter of 1900. The average liabi-
tiles per failure was smaller than in the
corresponding three months of any year
since these records were first compiled
The proportion of bad debts to solvent
payments through the clearing houses
vas but So cents TO each $1,000 and only
one out of the preceding los quarters
recorded lower ratio while the aver
age amount of defaults to each firm in
business was but $2O.S3, only seven other
quarterly periods making smaller re-
turns.