The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-31
BUSINESS OF THE YEAR.
THE FAILURES 1894 AGAINST
12,373 LAST YEAR.

The Indebtedness Of the Insolvents
STA 100000 Against S16e, 100000
in l9o1-Only One Trader in Every
113 Failed-Strongly Favorable In
dications for the Future.
NEW YORK. Dec. 3O.-The number Of
failures occurring In the United States in
the year 1892. as reported by r. @. Dun &
Co. 3 mercantile agency is 10, 344, being less
than in any year since 1885, and showing a
difference in favor of the present year as
compared with 1891 Of 2,029 The indebt-
edness Of the failures Of the past year was
STA, 900 900 against S1S9 900 900 in 1891,
and nearly a similar amount IN 1890. The
largely augmented number Of traders and
the enormous increase in transactions in the
year render these figures very significant.
Only 1 in every 1l3 traders In the United
States succumbsd in 1884, as against in
every 90 in 1891, AMI in every
102 in 1890. The average liability OF fail
ures in last year was S1l 900, being the
lowest average reported since 1873.
THE MOST PROSPEROUS YEAR EVER KNOWN.
r. g. Dun g. Co.'s weekly review Of trade
says: The most prosperous year ever
known In business closes to day with strongly
favorable indications for the future.
From nearly all points comes the report
that the holiday trade has been the largest
ever known and while the Wholesale trade
is not unusually active ct this season of
stock taking, 1t is now remarkably
large. The settlements through the
clearing houses outside Of New York in De-
cember were apparently the largest ever
made in any month, exceeding last years
by more than 10 per cent. For the year the
volume IL also about 10 per cent. larger
than last year. and the largest ever known.
Railroad earnings in December show an in
crease Of about per cent over last year,
and for the year an increase OF about 5.5
per cent.
FOREIGN TRADE SMALLER.
Foreign tradeshas been smaller than last
year in the volume of exports at New York
81, 800 900 in value for the past four weeks,
and st cotton ports about 80. 900. 900 less,
but the imports at New York have
been s3,000.000 larger and the month
still shows g great excess of
exports. For the year the excess Of mer-
chandise exports has been not far from
S7o.0O0,0 900, with the largest imports and
largest total of exports and imports ever
known in any year.
I'm iron the trade is weaker, the demand
for finished products being at present light.
ton and sales OF rs. 900 tons have followed.
This great industry has been much affected
by the market for securities, which has
been depressed for some months by foreign
selling and monetary uncertainties so that
companies have been restricted In pur-
chases of rails and supplies"
T9E SITUATION IN TIE SOUTH.
BrddstTeefs says southern merchants re-
port the Wholesale trade seasonably quiet,
with the prospect for distribution in 1898
regarded favorably at New Orleans, Birm-
ingham, Galveston, Memphis and Richmond.
Atlanta dealers say the retailers have small
stocks.
Some excitement exists among Charleston
dealers owing 20 new liquor law.
The total volume Of general trade at the
sou.h Is believed TO be in excess of that for
1891.
Southern iron furnace stocks are the low
est for thirteen months and are regarded as
normal. two weeks supply.