Show THE TRADE OUTLOOK Dun and Bradstreets Review the Business Conditions A RElIARKABLE AUGUST UNPRECEDENTED RECORD FOR A USUALLY DULL MONTH Explanation of Part of IncreaseIn dications That Wheat Crop Will Prove the Largest Ever Harvested Wool Held at the West Above Eastern Prices New York Sept 2R G Dun Cos Wldy review of trade will say to merro The smallest failures Ever recorded In any month for five years were those of August No other month since the Il1cnthly re > orts were commenced by Duns revIew exclusively has shown defaulted de-faulted liablllties as small within 1 roOOOO and the ratio ot such defaults to solvent business represented by exchanges ex-changes through all clearing houses only 10S70 In lOOcOO Is smaller by 265 per cent than In any previous month The cledrings having been the largest ever known In August and 230 per cent larger than In 1892 The enormous volume oC business In a month usually one of the most inactive inac-tive of the year demands attention Postponement during the months of war of some contracts and Durchases which have not come forward explains part of the Increase and the strong absorption of securIties explains part but there has also been a great declIne in the average of prices of all commodities commod-ities so that It takes a much larger volume of busIness in tons or bushels bush-els to make up transactions amounting to a mlllion more than In 1892 It is therefore strictly true that business busi-ness Is larger than In the very best of all vast years and yet there Is every prospect of much further Increase There is no room to doubt that the wheat crop even though it may fall a shade below some estimates wlll prove the largest ever harvested and although al-though Beerbohm estimates Europes crop at 232000000 bushels more than the last that would be only about an average yIeld while other evidence is less favorable Foreign buying has been strong Atlantic exports for the V eek havIng been 3326878 bushels against 553757 bushels last year and Pacific exports 458881 bushels against 258651 bushels last year But receipts at the west are Increasing and the prIce bas dropped 5 cents for spot though the September option Is leic lower for the week The Improvement in the iron indus to has n only continued but becomes be-comes IT re imprwsive because enormous enor-mous bUf3I1ess saieo have satisfied the needs of great CO1sumers for months to come The demand for products Is so great that both materials and products pro-ducts gradually advance In price Bessemer pig has risen to 1055 at Plttsburg local coke at Chicago and anthracite foundry at the east are strong and also bars and plates advance ad-vance a share with most structural and plate mills filled wIth orders for months to come and 25000 tons of rails sold at Chicago for delivery next year The advance In tin plates In spite of production far greater than was thought possible not long ago is evidence that the consumption of steel in that branch will be heavy The wire nail workers also report a better demand de-mand and the output of ConnellsllIe I Soke has started uP gaining 10000 tons for the week The woolen mllls have rather better orders this week but not enough IlS yet to warrant running nearly full force with the price of wool yield at the west much above eastern markets and by those markets about Ie higher than the mills are bidding Failures for the week have been 171 In the United States against 191 last year and 22 In Canada against 25 last year |