The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-12-29
DUN'S GLANCE AT 1894.
Review of Trade Shows Encouraging In.
dications as Compared to 1893, Though
Business Not Up TO Previous Years.

NN'N" Va iouS ohoMS EuSouIaBinB lu'
dications as Compared to 1898, Though
Business Not Up to Previous Years.
By the United Press.
New York, Dec. 2S.-R. G. Dun & Co.'s
Weekly review of trade will say:
Commercial failures in 1894 already
reported to r. G. Dun & Co. number
l4,292 against 1922 last year. with
liabilities of $163 1888, ,4O4 against $780,
779,SS9 last year. Next week the final
report for 1894 will probably include
about 400 more failures, with liabilities
of about $4,00O0OO. From these accounts
banks, bankers, financial and trans
porting companies are excluded. Manu-
featuring failures already number 2,756
against 3,422 last year, but liabilities
are only 64,491,2S7 against $1769S2 ,001
last year.
The trading failures already number
11,34l against lisp Inst year, but liza
bliities are only $S7,S99, 057 against $780,
O62,333 last year. A decrease 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 sections is shown.
Wages actually paid in November are
compared today with working hours in
establishments throughout the country,
and in about fifty branches of indus
try, the average being 1854 hours per
hand this year. 21S.4 last year. and
243.2 in 1892, the wages paid per hour
were u per cent. less than last year
and 1853 per cent less than in 1892. As
the hands employed in establishments
reporting were S.53 per cent. more than
last year, but 1902 per cent. less than
In 1892, the total wages paid in these
establishments in November was 16. 80
per cent. more than in November, 1893,
but 2l.77 per cent. less than in Novem-
Der, 1892. Thus the decrease in pur-
chasing power of the working force is
found to be due mainly to decrease in
numbet of hands and hours of work
rather than to reduction of wages paid
per hour.
Holiday trade has scarcely met ex.
pectations Purchases have been nu.
merous, but smaller than usual in
amount and more confined to needfuI
articles, thus anticipating ordinary
trade. In spite of some sensational
losses on western roads, the earnings OF
all railroads reporting for Decembe,
are 29 per cent greater than last year
but ll.6 per cent. less than in 1892, an6
the east-bound tonnage from Chicago
for three weeks, has been 126 2O6
against 219,946 last year, but on west
boundtonnage andon southern lines the
comparison Is more favorable. 1t af
fects other important industries tha
railroads have taken only 100000 ton.
of rails for renewals this year, agains
twice as much ordinarily required.
Money is still coming to this city in 6
steady stream and exports of gold fol-
the week are expected to be abou
$2,5OO,OOO. The dissolution Of the bont
syndicate, indicating that the pending
currency bill has destroyed the marke
for bonds, is the most important even
in financial circles, and is liable to hav,
results Of some consequence.
Failures in three weeks of Decembe
show liabilities of S1O,651, 1897, of whic!
, S6,751,419 were manufacturing and SO,
9OO,516 of trading concerns. Failure
for the week have been $50 in the United
States against 511 last year and Al il
Canada against Al lst year.