The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1882-01-06

is twenty-five gallons per head of the
population.
1t Is a reasonable inference shat tho
commercial and industrial undertakings
and enterprises which have employed
such large amounts of additional capital
since the resumption of specie payments
have extended themselves proportion
ately. II is also fair inference that
the profits Of business, both in COM
iaercc, manufacturing, and banking have
mo-e than elGaled in propOrtiOnate III
crease, the enlargement of volume thus
indicated; for the reasons that failures
have been comparatively light, that the
reckless competition which prevailed IN
the SIX years preceding 1879 has been
succeeded by a sound, healthy increase.
: OF trade based on the improved resour-
ces and consuming capacity Of tine
masses, that prices have been advancing,
and that trade when unde- ,Le influence
of legitimate agencies of expansion,
while on a safer Foundation. also Yields
more liberal percentages of profit.
The New York Herald says. IAN
extraordinary demand for metals by the
new railways in course Of construction
has created an extraordinary cali upon
iron manufacturers and IL turn an ex-
traordinary demand upon the coal com
panies. There are evidences that the
enthusiasm displayed for the coustruc-
zion If perfectly useless railroads Is fad
in out, that construction companies are
getting to be in bad odor anA that tho
demand for coal, which 10 q large degree
depends upon the extension of the rail-
way system, is likely to diminish greatly.
Stop railroad building and there results
a sjoppage OF the purchase of coal by
the iron founders, who are the coal com
pauics' best customers. As this must
happen within brief period it stands
to reason that coal companies earnings
must fail off aud that the market prices
Of their stocks must accordingly Do
cline"
The total number of business fail
Ures for the entire year 1851 throughout
the United States Is stated by the mer-
cant Ie agency of T. q. Dunn ,y Co. to
be j.jo2. involving liabilities Of slightly
over SSI. 100000. The failures for the
year previous were only 4,73j, with La
bilties of S6J0OOOOO. The increase ie
however. regarded by the agency M
small III proportion to the enormous
growth III the volume Of trade, and rs-
pecia!ly I'm proportion to the number of
NtLSt'alN ti-f u as iiilcliltNN barred
with lNIS the showing Is strongly to tine
advantage Of the year Just closed, the
failures IN that year being lOiUu. aud
the liabilities S23LOJ0000. In tile wear
1851 only one person in every IiU en-
gagged In business has failed, while In
1850 the proportion was one in every
l5S, in 1870 one in every lUJ, and in 1873
one IN every g. The figures of the wear
&. ]
the agency as cuutrmdtUry OF the I'M
preston that the trade Of the country is
prosperous ana IN q safe condition
On reviewing the weeks situation
the New ok Herald Saws Consider
iug tine fact that tins IS holiday week.
when business is Mt its worst. There has
been "a very fair degree of activity i'm th,
markets for most kinds OF merchandise.
with much larger business in the agrr.
gate than Is usual at this season Of the
year There is also aE emiurntly
healthy state of affairs in commercial
circles, which affords occasion for gem
eral cousratulatiuu among all classes.
The number Of failures has been small
while important failures have been very
few. Speculation has extended rather
than concentrated during the wear, I'M
til now almost all the leading articles
of commerce are embraced, and the OPP
tiou business In many departments far
outstrp- what are termed by courtesy
actual transactions. During the cur
rent week the business III grain has been
pretty heavy in speculative way,
though but little wheat las changed
hands or moved. The export business
has been small, while the mlllers have
r,rr-rlHSpI -uarin DIV Prices are we'll