The Coconino weekly sun., 1895-01-03
REVIEW OF TRADE.
Number of Failures, with Liabili.
 ties, for the Year 1894.
WHEAT AND CORN LOWER IN PRICE,.
Tlse Holiday Trade Scarcely Up to Expecta' tions-A Larger Demand for Nails, but in Hardware and Machinery
 Business Is Depressed.
NEW YORK, Dec. 29.-R. G. Dun &

NEW YORK, Dec. 29.--R. G. Dun &
 Co.'s Weekly Review of Trade says:
 Commercial failures in 1891 already reported
 number l4,292, against 52i2 last year, with
 liabilities of $G32 23S 4Qt, against S346 79 SS9 last
 year. Next week the final report for 1894 will
 probably include about 4 Q more failures, with
 liabilities of about Si,000,000. From these ac-
 counts banks, bankers, financial and trans
 porting companies are excluded. Manu-
 featuring failures already number 2,7o6
 against 3,422 last year, but liabilities arc only
 s64 49l ,2S7, against SlT69S2,09l last year. The
 trading failures already number ll,Sl4, against
 ll5i2 last year, but liabilities are only SS7 ,o99-
 Oo7, against Sl30, ,062 ,333 last year. The state-
 ment by sections shows decrease Of about
 two-thirds in defaulting liabilities in the mid dc and central northern states, one-half in the
 west and southwest and third in other sec- tions.
 Holiday trade has scarcely met expectations.
 Purchases have been numerous but smaller than usual in amount and more confined to
 needful articles, thus anticipating ordinary trade. The volume of business represented by clearing house exchanges is I7 per cent. larger than last year, but 2l,8 per cent. less than the year before, and u e daily average for Noyem- Der has been 7.l per cent more than last year, but 25.2 less than the year before.
 Wheat has declined one-half cent, though 1 western receipts have been only IF 09S bushels againt 3, S3S for the same week last year, | but since August receipts have been little | larger than last year and the visible supply Is | the largest known. Exports in December from | both coasts hava been a little larger than last | year, but for the crop year about 20, ,0OC bushels smaller The western estimate usually | regarded with most confidence, is that the crop
 will reach 5l5, 100000 bushels, which will leave | for export, with stocks brought over, more
 than 200 900 900 bushels, of which only 7o,OOO,OOO | have gone abroad. Corn has declined three- | quarters, with good receipts. The price of
 cotton has not changed, but the fact that re- | ceipts from plantations this month have been | greater than in ls9l while stocks in sight here
 and abroad are larger than at tho same date | that year, is an obstacle to any rise.
 | Sales of wool this month have been l7,s96,s0C
 pounds against l3,0i9, ,i97 last year, and 2l 302, | 300 in 1892 and Ohio xxx sold at F cents. The market for iron and steel is waiting, but | the reduction of wages in the Edgar Thompson | works, averaging l5 per cent. plainly indicates | the same difficulty which is seen in other quar- | ters that the demand in consumption does not
 answer to the increase in production of pig | iron The shipments of rails for eleven months | are reckoned only TO0,00J tons, of which | only 100000 is for new roads Numer- | ous projects for steel buildings | are under consideration, but nc | important contract Is reported. It gives some | encouragement that the Bethlehem works | have secured contract to make armor plate | for Russia, but the order for cast pipe foI | Japan is still in doubt. Prices have scarcely | changed during the week. although Bessemel | pig and billets are if anything, shade weaker | There Is larger demand in nails, but in hard- | ware, machinery, engines and railway stocks | and materials the business is much depressed | Shipments of boots and shoes from Boston
 have been 6i),47l tons in the past two months l against 5Si,239 in 1882, hitherto the largest
 year, but the difference about prices still cheeks | operations.
 Failures for the week have been $50 in the | United States against 5ll last year, and fl 1T | Canada, against fl last year.