The record-union., 1894-12-29
Less Failures the Past Year Than
During the Preceding One.
THE AMOUNT INVOLVED MILLIONS
OF DOLLARS LESS.
The National Committee of the Peo-
ple's Party, Together With Invited
Friends, Meet at st. Louis, Over
Two Hundred Delegates Taking
Part in the Deliberations.
Special to the RECoRD-UNIoN.


NEW YORK, Dec. 2S-R G. Dun &
Co.'s weekly review of trado will say:
Commercial failures in 1894 already re-
ported number 1892, against 1922 last
year, with liabilities Sl63, 23S, 404, against
1916, ,779,SS9 last year. Next week the
final report for 1894 will probably include
about 400 more failures, with liabilities of
about S4,0O0,000. From these accounts
banks, bankers. financial and transporta-
ton companies are excluded. Manu-
featuring failures already number 2, ,726,
against 3, ,442 last year, but the liabilities
are only $64, ,49l ,2S7, against SIG, ,982, ,091
last year. The trading failures already
number IL ,3l4, against ii, ,5l2 last year,
but liabilities are only SS7, ,S99, ,087, against
$50, 0,062. .333 last year.
The statement by sections shows de-
crease of about two-thirds in defaulted
liabilities in the Middle and Central
Northern States, one-half In the West
and Southwest, and third in other Sec
uons.
Failures for the week have been $50 in
the United States, against 55l last year,
and Al IN Canada against Al last year.
BRADsTREET's REPORT.
NEW YORK, Dec. 2S.-Bradstreets to-
morrow will say: General trade presents
the usual holiday characteristics. A ma
Jority OF wholesale dealers and manu-
facturers are beginning to have finished
taking account OF stock or arranging set
Elements for the new year. Nam activ-
ity has been for Christmas specialties in
retail lines. The practical conclusion of
holiday trade has brought about a mod
crate reaction, and this emphasizes the
dullness in preceding weeks. Jobbers
claim that the outlook for trade during
the late winter and early spring is for
very conservative buying. But in some
lines, notably heavy textiles, the recent
cold weather and stimulated prices and
sales reports from dealers West and
South Indicate that stocks are low, al
most beyond precedent. Travelling sales
men, with few exceptions, are off the
road.
Boston reports 81, GOO, 900 pounds of wool
IN that town, compared with stock of
Is, 100000 one year ago, the decrease being
exclusively in domestic varieties.
Industries are shut down in many in
stances to make repairs or take stock,
and, owing to extremely low prices for
industrial staples, the wage movement
tends downward. Quotations for staple
merchandise show more hrmness, with
sugar, cotton, wheat, corn, steel, naval
stores, tobacco, tin and copper practically
III PRICES. OaLS, among cere-
ais, records fractional advance, while
print cloths and other staple cottons are
lower in conformity with results of re-
cent auctions, and pork and lard, with
increasing supplies of lower grades of
livestock at Western markets. Coffee.
too, is depressed, and there are rumors OF
contracts for iron and steel at a shade
under last weeks quotations, although
not confirmed.
Reduced stocks of American available
supplies OF wheat, Notwithstanding re-
ports IN the visible statement of an in
crease, tend to strengthen that cereal.
but the surprisingly large total of that
cereal t1our included as wheat) sent
abroad last week is fully offset by the
shrinkage in such exports this week, the
total, both coasts of the United States, be-
ing l,Sl4,OOO bushels, compared with
3,554, 600 bushels in the previous week,
2,O36, 900 bushels in the week a year ago.
2,9l7,OOO bushels two years ago, 3,1O6, 900
bushels three years ago. and as con-
trasted with 1,O3l, 900 bushels for the last
week in the calendar year of 1890.
Special returns to Bradstreets show
net decrease within the year of about
3,OOO individuals, firms, and corporations
established in business throughout the
country, but owing to the decrease in the
number OF failures, the commercial
death rate is only about LII in every 100
engaged IN business in the four years
preceding 1893. 1t is also shown that 7S
banks are reported suspended this year
compared with 59S the year before, owing
S15, 5,4S2, 900, as contrasted with Sl70. .OGO, 900
the year before. Mercantile failures in
the United States for the calendar year
December q, 1S93 to Decemb Der 26, 1884,
aggregate Il, 12l, or Is per cent. less than
in the panic year 1893, when the total,
1850, were 81 per cent. heavier than in
1892. Liabilities of failing traders this
year aggregate Sl49, 900. 900, reduction of
o3 per cent. from 1893, and assets of S79,-
100000, falling off of 20 per cent.