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Show l)UFS REVIEW OF TRADE CONDITIONS , ,KEW YORK,' July I R. O.Dun & Co.'g weekly review of trade today ays: "Although . the ; new fiscal -year opens with an extended holiday, there is much encouragement in the evidences of returning re-turning confidence, and statistics for the last elx months indicate that there is no little reason for anticipating better things in the last half of the year. Half- . yearly returns of Insolvencies show that - liabilities have steadily decreased. Railway Rail-way earnings, that In earlier months showed losses of t per cent or more In comperison with laet year, exhibit an Increase of 2.6 per cent for June. "Reports from leading branches of trade for the last week testify to a quiet - condition, but scarcely more so tban Is customary at this time of the year, while Inquiries in several manufacturing linea promise a better, distribution in the near future. Prospects are still favorable for large returns on the farms, despite some . .loss from storms during the last 'week. ! Confidence grows in the Iron and steel Industry: although aa yet there Is little support In the shape of Increased orders. "Hides are fairly firm, because of smaller stocks than were held a year ago and decreasing receipts of. cattle, but . foreign dry hides are weaker.' "Failures this week In the United States s re Hi. against 227 last week, 26? the preceding week and 21a the corresponding week laet year. Failures In Canada number num-ber 11. against 32 laat week, 1 the preceding pre-ceding week and 7 last year." |