The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-12-29
Dpn,s Trade Kexiaw

NEW YORK, Dec. 2S.-R. G. Dun It Co.'s Weekly
Review of Trade will say: Commercial failures
in 1894 already reported number l4,292 against
1922 last year. with Liabilities of S163, 234. 404
against S346.779 1888 last year. Next week the
final report for 1854 will probably include about
400 more failures with liabilities of about "a, O00-
0p0 From these accounts banks. BANKERS fnan-
clal and transportation companies excluded.
against 3442 last year but Liabilities are only
$64 All, 1877 against $l76,982, 091 last year The
trading failures already number 11,3l4 against
1l,ol2 last year. but liabilities only SS7, $685.
0S7 against $3.50. 062,33 last year.
The statement by sections shows 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
tiOns.
Holiday trade has met expectations. Purchases
have been numerous but smaller than usual IN
thus anticipating ordinary trade.
The volume or business represented by clear
ing-house exchanges is TT per cent larger than
last year, but 21.s less than the year before and
the daily average for December IL more
than last year. but 1852 less than the year before
Wheat has declined lhc aIthough Western re-
ceipts have been only 1,712.0 1913 bushels, against
5.109 832 for the same week last year but siuee
August receipts have been little larger than
last year, aud the visible supply is the largest
known. Expo IS in December from both coasts
have been little larger than last year, but for
the crop year about 20,00U,OO0 bushels sIpaIIer
The Western estimate usually regarded vita most
confidence, Is that the crop Will reach SIS 900
bushels. which will leave for export with stocks
brought over. more than 200.000000 bushels, of
WHICH Ouly IO,uVU.UuU DuSDelS nave gone abroad.
Corn has declined SAC, with good rec eipts.
The price of cotton has not changed. but the fact
that receipts from plantations this month have
been greater than In 1891, while stocks III sight
here and abroad are larger than at the same date
that year is an obstacle To any RISE
sales of wool this month have been II S96 800
pounds. against 3,049,197 pounds last year and
u. 302, 800 in 1892. Ohio Xxx has sold atil7 cents
The market for iron and steel is waiting, but the
reduction in wages at the EDGAR Thomson
works, averaging l5 per cent, plainly indicates
the same difficulty which is seen in other quarters
that the demand in consumption does not answer
TO the increase IN production of pigiron.
The shipments OF rails for eleven months are
reckoned only 100000 TONS OF which only 2OO-
900 tons is for new roads Numerous projects for
steel buildings are under consider alton, but no
important contract is reported. 1t gives some
encouragement that the bethlehem WORKS have
secured Contract TO make armor plate for Russia,
but the order for cast pipe Tor Japan is still in
doubt. Prices have scarcely changed during the
week, although Bessemer pig and billets are il
anything. shade weaker. There is large de-
mand in nails. but in hardware, machinery en-
gines and railway stocks and materials the bust
ness is much depressed. Shipments of boots and
shoes from Boston have been 649,471 cases in the
past two months, against 5S4, 239 In 1892 hith-
erto the largest year, but the differences about
prices still checks operations.
Failures for the week have been $50 in the
United States against 55l last year, ana / In
Canada against ] last year.