Show TRADE TRAnt co CONDITIONS S SARf ARE ARf VERY QUIET There here is Much Mich Encouragement in inThe InThe The file Evidences ot ol Returning Confidence FISCAL YEAR OPENS WELL WELL Returns of Show Decreased Liabilities Railway Earnings Improve un prove Now New York July I IH It 0 C Dun Cos weekly review of ef trade tomorrow will willay wi say ay Although the tho new acts nw fiscal f cal year opens Whim wih an In extended holiday there la Is II much encouragement In Iii II the tho evidences evidenced of ot returning confidence and statistics CIa id the time last six Ix months Indicate that thai here thra U is no n little reason for tor anticipating better beter things In the tho last half of or the year returns retura of at Insolvencies eke cies show that liabilities have steadily Railway earnings that In lii I earlier months showed allowed losses of at C S I per percent percent I cent or more moro In II comparison with last year exhibit an nn 26 per cent cont for Cor June JUlO from tram leading branches of trade for tor the time last week testify to a I quiet condition but bUl scarcely more so sohan than han is customary at lt this time tinto of oC the th year rear while Inquiries In Imi several maim malu lines promise a n better botor huton In the tho near future Prospects s saro iro aro still favorable for tor largo large returns on omi he time farms despite semite somo me loss from tram storms during the last week Conn Conil thence lence grows In II the tho Iron anti and steel In clu try although as nN yet et there thero is I little support In tho the shape shapo of ot Increased or orders orders ders dors Hides are Iro fairly firm Orm because lecause of or smaller stocks than were held a year ago igo and amid decreasing receipts of ut cuttle cattle jut but foreign dry ury hides are aro weaker Failures this week In the United States Stales tire Iro against 27 last week 25 tho preceding week and time the corre corresponding week suede last year ear Failures In Canada number 1 against t 32 last week 16 the preceding week and 7 last year |