The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-28
THOSE WHO FAILED
TRADE REVIEWS SUMMARIZE THE
YEARS BANKRUPTCY.

lows OF Trade During the Past Year
Have Been Stranded Cnfortunates to
the Uniucky Aggregate of Thirteen
Two Per Cent In Number of Failures and
of Six Per Cent in Total of Liabilities
Trade for the Christmas Holidays.
New York, Dec. Pr. G. Dun &
Co.'S review Of trade, which issues to-
morrow, will say: The failures Of the
fourth quarter and the year 1895, not
yet finished, cannot be indefinitely sta
ted, but the aggregate of deferred La
bflities for the year, while much small
er than in 1893, will vary but little
from that of 1894. The years aggregate
Of commercial liabilities will probably
be about $40, O0O, 600 in manufacturing,
over S73,00O,O 900, or 10 per cent more
than last year, but in trading about
SIS, 900 900, or 8 per cent less than last
year
The foreign and financial messages of
the president were followed by violent
reactions in the stock market last Sat
urday with grave fears Of monetary
trouble. The sudden panic checked
business in many departments, and the
Industries cannot be expected to Show
signs of Improvement until the new
year begins. Orders have for months
been so much smaller than they were
IN the summer, when production was
expanding and prices mounting rapidly
that new causes of uncertainty have
the more influence.
Bessemer pig has declined % cents
more at Pittsburg. the bar iron asso-
citation has reduced its price, not yet
TO the rate al which steel, as well as
iron bars, are actually sold, and in most
departments this industry suffers from
the speculative advance in prices and
production last summer. Minor metals
are a shade lower. Coemakers deci-
ded not 10 fix prices except by months.
and combination of Mesaba ore pro-
ducers is no longer expected. Anthra-
cite coal is selling at $40 in New York
harbor.
In the great textile manufactures,
the usual holiday dullness is increased
by a dearth of orders, though there is
some accommodations of goods for the
demand expected soon. In wooden
goods the market is extremely dull.
Soft wooden dress goods and ladies'
cloths are a shade lower, and the aver
age Of qunotations is about 11a per
cent lower for the week, Some makers
have gone below last years quotations
On securing orders.
The shoe and leather business does
not improve, and both leather and man.
ufactured goods have declined slight
ly, though speculation is again hoist
ing hides about 10 per cent, for all in
two weeks, and for some kinds % per
cent.
Wheat and cotton were depressed by
last weeks panic and have had little
time to recover. Wheat receipts con-
tinue enormous, for the week of 1884,
or bushels against 1,712,9 0S last year,
and Atlantic exports, flour included,
have been 1926, $50 bushels in four
weeks of December against 1853. $50 last
year. Russian and other supplies are
moving freely, official estimates are
wholly forgotten, and the men who
predicted 81 wheat have disappeared.
Cotton has remained at SIC since !
last Saturday, and enormous CONNER /
cial and mill stocks here and abroad, I
with a demand for goods much smaller
than in September. hinder an advance.
The quantity which has come into
sight is 80 per cent less than last year
to date. but slightly larger than in
1892, when the crop was 6,700.000 bales. f.
In the United States against $50 last I
year and 40 in Canada against Al last ,
year.
BRADSTREET'S TRADE REVIEW. /
New York. Dec. 27-Bradstreet's to- I
morrow viii say: AS IS the rule in .
Christmas week, wholesale trade has
been quiet. The holidays, the close Of
the year and stock taking tend to make .
business slow, and promise to make
only q light trade until late In Janu- !
airy. At various cities, notably New |
York. Boston, Baltimore and Chicago, !
anticipationS as to the character of (
trade early in the coming year are hope /
full but it remains TO be seen whether
the downward movement of demand
and prices and the delay in putting the
currency on a sound basis, all of which
have begun to show themselves in trade
Will permit Of as early and
marked gains in staple lines of trade
in 1896 as has been confidently antici-
pated.
Business failures in the country for
a completed year number 1903, an in
crease Of more than 2 per cent, not
this is the second year
following the panic. in which. as shown
by the records. it is usual for the num-
Der of failures TO decline. The increase
Of > per cent in number Is accompanied
by gain of per cent in liabilities Of
those failing, and the commercial death
rate. which averaged 1.20 in every 100
engag ed in business during five years
from 1890 to 1894 inclusive. and ranged
as high as $50 in the panic year, 1898.
down TO 1-21 in 1894, has risen to 1.2S
IF every 100 in business this year. The
in number Of failures Is at
The west, northwest and in the middle
states decreases being shown in New
England, at the south and at the Pa
life coast. The percentage of assets
10 liabilities has risen from SO per cent
1ne year ago to nearly SO per cent, as
,ontrasted with 65 per cent in the year
1893
Exports OF wheat flour included as
VheaO from both coasts of the United
States this week amount 10 S,457 900
bushels against 100000 last week. l.
$4,000 in the corresponding week one
ear ago. :. 036 900 two years ago. 1917
go bushels three years ago as contrast
d with 3. LOG, 000 in Christmas week Of
SOL This weeks foreign shipments
T wheat flour included are the largest
ince the third week Of January last.
RANK CLEASINGS
New York Dec @1-The following table ,