The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-12
vNANClAL AND COTTON
FINANCIAL.

-. ,.ts The following from Braastreets: Dur.
| w issf two months. following upon the as
- Of abundant cIors our reports from
Iansimg trade centres of the country have in
| ~ = General activity in the distribution Of
{sahsndise This has been particularly true
,..1V.,.,,St and northwest Again this week our
I.rsphie advices are full of cheer In New
y I'm one has but TO move through the
.siii,ssie CHARTERS 70 become aware that the
49, If bu>iuesS Is very large our advices
W portland, BOSTON. Philadelphia and Balu.
~, AZ published this morning, are altogether
se,srariug. Ia boots and shoes Boston reports
..,lsier activity, while the outlook for dry
a. 4 GOOD The lumber business at Albany
~ fsyorable condition. At Philadelphia the
{,-srai outlook is encouraging, and much the
~ NAY be said Of Baltimore. The dispatches
S-,ei Yesterday testified to the con
.s,ism of our reports of an ac-
Ana satisfactory trade in dry goods
fNrhout the country A dispatch re-
IN from Wheeling last evening regarding
Tpiluy by Wheeling iron mill of last
i.,ysscale. indicates the complete termination
~ great iron strike. The great cereal crops
M south and the now fairly certain large
,nn crop will go far TO insure continuance of
{sie activity 10 that portion of the country,
{1e he big crops of the west have already
ss As much for the west ana northwest ON
fewhole. we must continue 10 regard the trade
IN nothing in sight sufficient to create partic
Ia aarm i only remains TO advise wise
{rsryatism in the granting credits. The
ysysntile failures in the United States for the
fdggaIter. as given in the table below, arc l55
1 exfgss Of the record for the previous quarter,
N n below the number for the first quarter of
wear. The number of failures for each of
| three quarters Of the two years We're as fol-
First Second Third
quarter quarter. quarter.
N .............1,0S 1856 1910 l13i
Ia ..................t2,l lag 1903 l,63S
| Ihe increase over the quarters for 1881 Is
IrAing, but We are not prepared to attribute 1t
Snyhing beyond the fact that trade contin-
{silthe full for a prolonged period over
{Try constantly extending necessarily re
Ms IN numerous failures, with a tendency to
sfease. The recent large failures In the east.
I m cities are to be attributed simply TO the eff.
&ey Of specific management II will be seen that
In liabilities for the last are considerably less
Man The previous quarter, This Is traCeablc in
! great degree to the fact that in the south and
elthere have occurred very few failures of
Importance,
| TAe heaviest failures are mostly In the mid.
In and eastern states Five failures in New
fOik city aggregate about SS26l010 in liabili-
Ia or ahOu, 10 per cent. of the liabilities for the
middle states and about 20 per cent. of the liza
| titles tOf the enllro country. On the other
band, the tho percentage of assets to liabilities,
| Dough this Is necessarily the result of an est,
aalc, Is less than for the previous quarter. Int
q We have previously explained, such result
' ani Is frequently caused by two or three ex-
e,Onally large and bad failures. II should
. kHaled that In giving the returns for the quar-
Hio'day the failures of the last day OF Septem.
| Gi arc necessarily omitted,
| The following table of comparison of failures
The United States, Canada and provinces for
~ int second and third quarters OF 1851 is
kiexplonatory;
General Liabilities