The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1893-01-06
A PROSPEROUS YEAR.

The Most Prosperous Year Ever Known
IN tho Business of the Country just
Closed-Au Wooden, Cotton and Silk
Mills Fully Employed, and Stocks on
Hand Lighter than Usta1-Fewer Fail.
ures than During Any Year Since 1886
Significant Figures.
NEW YORK, Dee. 31.-R G.. Dun &
Co.'S weekly review of trade says:
The most prosperous year ever known in
business closes to- day with strongly favorable
indications fog the future. From nearly all
points comes the report that the holiday trade
has been tho largest ever knosn, and while
wholesale trade Is usually active at this season
OF stock taking, It Is now remarkably large.
settlements through clearing houses outside
New York in December were apparently the
largest ever made IL any month, exceeding
last years by more than 10 per cent. For the
year the volume is also about 10 per cent
larger than last year. and the largest ever
known. Railroad earnings in Dscem-
Der show an increase of about
the year an increase of about 1888 per cent
Foreign trade has been smaller than last year
in volume of exports at New York. ST 300, 900 In
value for the past four weeks, and at cotton
ports about SIC. 900. 900 less; but imports in New
York are not far from $70000,0 ,050, with the
largest imports and the largest total of exports
and imports ever known in any year.
Unprecedented purchases for consumption
have resulted in 1892 from tho unequaled crops
OF 1891, so that man nufacturers have made ex-
traordinary progress. The year closes with all
woolen, cotton and sill X machinery fully en-
pIoyed and unsold stocks of goods much lighter
than usual, while the demand for the coming
season already exceeds the capacity of many
mills. Tie orders booke1 for the season in dry
goods are extraordinary, while cotton goods
are strong, with tendency to higher prices.
Sales of wool at the chief markets have been
800 900 pounds, against 2f6 000 900 last year.
and foreign imports have been the largest ever
known.
At Pittsburgh iron is slow and the demand
for finished products diminishing, but glass is
fairly active The shoe trade at Cleveland is
excellent and other trade gooi, though in iron
no Improvement IS seen, and 1908, 900 tons ore
remains on the docks. the clothing trade is
good at Cincinnati, and machinery and foundry
business up to the usual mark. At Detroit the
volume of trade is maintained, though no i'm
provement appears in iron. Business at Chi.
cago is good in all lines especially in heavy
dry goods. The holiday trade has surpassed
all records and wholesale business for spring
goods is already active. Holiday trade was
very good at Milwaukee. At St Louis retail
trade since the holidays has been large; at
Minneapolis, though lack of water restricts
the -four output the lumber trade is most
prosperous; and the weather promises az un-
usual cut OF logs
In iron tho trade Is weaker, the demand for
unlSuou pFouuc, 3 DelnS at present ilgnC. bUC
steel RATS have besn reduced to 500 per ton, and
sales of rs 200 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 re.
stricted in the purchase of rails and supplies
The monetary disturbance has passed for the
present, and enormous disbursements for in
terest and dividends about January l are likely
to make the markets easier for time. But it
Is thought that further exports of gold may
shortly follow the new years settlement.
The year 1892 was remarkable for fewer fail
ures than have occurred in any other year since
1855. the number reported being 1884, or 2,029
less than in 1891. The indebtedness OF firms
failing but $1140 900 900 in 1892 against $780,,
0000o in 1891, and about the same in 1899. The
average liabilities of firms failing in 1892 has
been only 81. eco the lowest ever reported since
1873. The largely increased number of traders
and ths enormous increase of transactions for
the year render these figures significant. In
1892 only in every 1l3 traders failed. against
one In every e3 in 1891, and one in every 102 in
1890
Bradstreet's Report on the State of Trade
In Canada.
New YORK, Dec. 31.-Advices to Brad
streets from Canada say:
There have been no striking changes in Do
minion trade circles. Travellers have not gone
out vet and business Is Qui9t. The Nova