The Madisonian. (Virginia City, Mont.) 1873-1915, 1895-01-05
DUN'S WEEKLY REVIEW.
Failure Liabilities Two-Thirds
Less Than Last Year.
VOLUME OF BUSINESS LARGER

An Increase of ~ Per Cent In Clearing
House Exchanges-Decline In Wheat an,
Corn-Bethlehem Works Has Secured a
Contract to Make Armor Plate Fo,
Russia-Business Failures.
NEW YORK, Dec. 80 R. G. Dun &
Co.'S weekly review Of trade says:
Commercial failures in 1894 already
reported number IA. 292, against 15,24a
last year, with liabilities of $l63, 23s, 3J4,
against $346, 779,eS9 last year. Next
week the final report for 1894 will prob.
ably include about 400 more failures.
with liabilities of about ID, 100, 900. From
these accounts, banks, bankers, financial
and transportation companies are ex-
Guided. Manufacturing failures already
number S,75t, against 3,422 last year,
but liabilities are only SD, 491, 2S7,
against $l76, SS2 ,v9l last year. The trad.
ing failures already number LILA,
against l1,5i2 last year, but liabilities
are only SS7, $50 ,O57, against $3.50, 062. 333
last year. The statement by sections
shows a decrease of about two-thirds in
defaulted liabilities in the middle and
central northern states, one.half in the
west and southwest and a third in other
sections.
Holiday trade has met expectations.
Purchases have been numerous. but
smaller h usual in amount and more
confined to needful articles, thus antici-
pating ordinary trade.
Clearing House Showing,
The volume of business represented by
clearing house exchanges is n per cent
larger than last year, but 21.S per cent
less thar the year before, and tn, daily
average for December has been ~ per
cent more than last year, but 25.2 less
than the year before. Wheat has de.
cllned &c, though western receipts have
been only 1,712,uJS bushels, against s.
1O9,S 32 for the same week last year. but
since Aug. l receipts have been a little
larger than last, year and the visible sup
ply is the largest known. Exports in
December from both coasts have been a
little larger than last year, but for the
crop year about 90, 900, 900 bushels
smaller. The western estimate usually
regarded with most confidence. is that
the crop will reach $751; 0 900 bushels,
which will leave for export with stocks
brought over, more than 200, 600. 600
bushels, of which only Is, 900, OOn have
gone abroad. Corn has declined &c
with good receipts. The price of cotton
has not changed.
Armor Plate For Russia.
The market for iron and steel is wait
ing, but the reduction in wages at the
Edgar Thompson works. averaging Il
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 pig iron.
The shipments of rails for II months
are reckoned only 700, 900 tons, of which
only 200, 900 tons is for new roads. 1t
gives some encouragement that the
bethlehem works have secured a con-
tract to make armor plate Cor Russia,
but the order for cast pipe for Japan is
still in doubt. Prices have scarcely
changed during the week. There is
demand in nails, but in hardware,
machinery, engines and railway stocks
and materials, the business is much de-
pressed. Shipments of boots and shoes
from Boston have been 649,471 tons in
the past two months, against 5S4, $50 in
)s0|.
Failures this week have been in the
United States $50, against 81 last year,
and in Canada Al, against Al last
Conservative Outlook For Trade.