The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-28
REVIEW OF THE TRADE.
Bad Effect OF the Presidents Mes.
sage on Business.
WHEAT ADDICTION BOTH DEPRESSED
The Failures In the West Show au In.
crease Over Last YeAr-Pros-
poets Bsttsr.

New York December 27.-R. G. Dun &
Co.'S review OF trade tomorrow will say
| The failures OF the fourth quarter of the
year 1SaS. not vet finished, can not be
definitely stated. but the aggregate of
preferred liabilities for the year are much
smaller than In 1893. and will vary but
little from that OF 1881
The years aggregate OF commercial la
htli,ies will probably be about sl70.o 600
in manufacturing. over s7SooA00o. or 10
per cent more than last year, but in trad
ing ABOUT sss.oeo. eco. or per cent less than
iast year. The foreign and financial mes
sStges of the president were followed by
violent reaction In the stock market last
saturday with grave fears of monetary
trouble. The sudden panic checked bust
ness IN many departments. and the indus
tries can not be expected to show signs
OF Improvement until the new year be-
gins Orders have for months been so
much smaller than they were in the sum-
mer when production was expanding and
prices mounting rapidly. that new causes
OF uncertainty have the more influence.
Bessemcr pig has dechned 25 cents more
at Piltsburg, and metals ara a shade
lower.
ter the usual holiday dullness is increased
oS uelay OF orders. though there is some
accumulation for the demand Of pood.
expected soon. Wooden goods and ladies'
cIoths are shade higher. and the ay-
,rdse OF quotations is about III per cent
uMor I9r the week. Some makers have
gone below last years quotations In Sc
curing orders
me shoe and leather business does not
t ,,,iHi ana both leather and manufac-
turet goods declined slightly though
speculation Is again hosting hides about
" per cent for all In two weeks. and for
some kinds % per cent.
w neat and cotton were depressed by
last weeks panic and have had little time
70 recover. Wheat receipts continue euor-
m ]4s, Reocipts for the week are S.79iO72
bushels. against LIZ, 90S last year and Al
lantic exports. flour included. have been
n2'd9 60 bushels In four weeks of Decctn-
be-, against 7.G736gO last year. Russian
ana othcr supplies are moving freely. Of
lclal estimates are wholly forgotten and
inc men who predicted 81 wheat have dis
appeared
Cotton has remained at sac since last
H4ihiiaE, ard enormous commercial and
mn stocks here and abroad with a de-
manu Tor goods much smaller than In
s;,,n'emhner' binder an advance, The .quan
cteint less than last year TO date, but
NliHhtly larger than In 1899, when the
crop was GT0c, 0oC bales
flllurts Tor the week have been 322
IN the United states against $40 last year.
and 40 in Canada, against Al last year.
Ihe Increase OF per cent In number IS
actompan.ed by gain OF per cent of
hahUtties, of those failing. and the com
irercial death rate. which averaged 1.2O
IN every l0p engated In business during
the I'VE years 1880 to 1895 inclusive, ard
t2rged as htgh as l,5o in the panic year,
iH'i. End down to III in 1891, has risen
10 ~ for every 100 in BUSINESS this year,
Tho Increases In number of failures are
~ the West, Northwest and Middle
states n decrease being shown in New
England the South and the Pacific coast.
The percentage of assets to liabilities
mas risen from 30 per cent one year to
nearly 20 per cent, as contrasted with
nearly 90 per cent In 1904.
Exports of wheat. flour Included, from
both coasts of the United States this
week amount to S.i57 900 bushels. agains,
700 last week, 1,iSi0O0 IN the CORE
spending week one year ago. 2.03S, 900 two
years ago, 2.9l7o0o three years ago aud
as contraSted with 3l06.000 in Christmas
week. 1891. This weeks foreign ship
ments, -four included. are the largest
since the third week in January last.