Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1893-01-07
REVIEW OF The. YEAR.
Trade Has Followed the Lines of an En-
larging Prospcrity--The Most Prosper
Gus Year Ever Known.

Trade Has Followed the Lines of an En-
larging Prospcrity--The Most Prosper
Gus Year Ever Known.
NEW York, Dec. 31.--R. G. Dun &
Co. g weekly review of trade says:
The most prosperous year ever known In
business closes to-day with strongly favorable
indications for the future. From near.J all
points comes the report that the holiday trade
has been the largest ever known, and while
wholesale trade Is not usually active at this
season of stock taking 1t is remarkably
large. Settlements through clearing houses
outside New York In December we're apparent
ly the largest ever made in any month, exc ed
ing 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 December show
an increase OF about per cent. over last year,
and for the year an increase OF about 55 per
cent Foreign trade has been smaller
than last year in volume of eXports-at New
York 81 100000 in value for the last four weeks,
and ut cotton ports about Si0,000000 less-bus
imports at New York have been 3,001,0O0
larger and the month still shows u great ex-
cess of exports For the year the excess OF
mert handise exports has been not far from
s10000,0DO, with the largest imports and the
largest total of exports and imports ever
known in any year
The year closes with all wooden, cotton and
silk machinery fully employed, and unsold
stocks OF goods much lighter than usual, while
the demand for the coming season already ex-
ceeds the capacity of many mills. The orders
in dry goods extraordinary. Sales of wool
ut tie chief markets have been 3000OO,000
pounds against 2l6, 100000 last year, and for
eign imports have been the largest ever known,
with n domestic supply but slightly behind the
largest
Boston reports quiet wholesale trade. Wool
is quiet but firm. AT Philadelphia iron is
weak At Pittsburgh iron is slower, and the
demand for finished products is diminishing,
but glass is fairly active, The shoe trade OF
| Cleveland Is excellent ana other trade good,
though in iron no improvement is seen, and
a,oOj,oOO tons iron ore remain on the docks. The
| clothing trade is good Mt Cincinnati, and ma
! chinery and foundry business up to the usual
mark. AT Detroit trade is maintained Busi-
ness Mt Chicago Is good in all lines, especially in
| heavy dry goods Holiday trade very good
| at Milwaukee At St Louis retail trade
| unusually strong. Business ut St Paul ex-
| ceeds last years and is large ut Minneapolis,
though lack of water restricts the flour output.
| The lumber trade is most prosperous Busi-
| ness ut Omaha and at Kansas City is satsfac-
tory. AT Nashville trade is good and at New
/ Orleans active, especially in sugar.
In iron the trade is weaker, the demand for
| finished products being at present light But
steel rails have been reduced to 80 per ton,
| and sales of 5000 tons have followed This
great industry has been much affected by the
market for securities. which has been de-
pressed for some months by foreign selling and
| monetary uncertainties, so that companies
have been restricted in purchases or rails
and supplies But for the last week stocks
have been stronger, gaining about s. per share
| In average prices Speculation in products has
been comparatively inactive, though wheat has
been advanced by western pool nearly two
cents.
Cotton has been steady and strong, with df-
| minished receipts.
The year 1902 was remarkable for fewer fail
ures than have occurred in any other year
since 1886, the numbers reported being 1894,
or 2O29 less than in 1891 The indebtedness
of firms failing was but sll4 900. 900 in 1892,
against Sis90O0,0OO in 1891 and about the same
in 1890.
The average liabilities of firms failing in
1892 has been only Sll,00O the lowest average
reported since 1878.
In 1892 only one in every 1l3 traders failed,
against one in every ninety three in 1891. and
one in every l02 in 1890.