The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-28

The Increase in Failures Was IN tho
West, Northwest and Middle States--
The New England, Southern and
Pacific States show IA Decrease
Perez ntage of Assets aud Liabilities
has Risen from 53 per Cent one Year
Ago to Nearly 80 per Cent.
New York, Dee. PA Bradstrcets to.
morrow will 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 only light trade
until late in January. Atvarious cities,
notably New York, Boston, Baltimore
and Chicago, ahticipations as to the
character OF trade early in the coming
year are hopeful but it remains to be
seen whether the downward move
ment of demand and prices, and the
delay in putting the currency on
sound basis. all OF which have begun
10 show themselves in trade Condi-
tious 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 the completed year, number
1913, an increase of more than
per cent. in number is accom-
| panied by gain of six per cent in lia-
biIities of those failing, and the com
mcrcial death-rate, which averaged
| l.20 in every 10 engaged in business
| during five years, from 1890 TO 1894,
| inclusive. ranged as high as 80 in the
panic year 1898. down to 1.21 in 1894
has risen to 1873 of every 100 in busi-
| ness this year. The increase in num-
| Der Of failures are at the West, North
| west and in the Middle States, de-
creases being shown in New England,
| at the South and on the Pacific coast.
| The per centage of assets to liabilities
| has risen from 50 per cent one year ago
| to nearly Sc per cent as contrasted
| with 65 per cent in the year 1893.
DUN & CO.'S WEEKLY REVIEW.
| NEW YORK Dec. Pr. G.. Dun d
| Co.'S Weekly Review of Trade which
! issues tomorrow will say:
| The failures of the fourth quarter
| and the year 1895, not yet finished, can
| not be definitely stated, but the aggre-
| ,
| while much smaller than in 1898, will
| vary but little from that of 1914.
The years aggregate of commercial
liabilities will probably he about
! $4,000. 900 i'm manufacturing over
| S73.00O,0OO, or ten per cent more than
! last year but in trading about $SS,-
100000, or 9 per cent less than last
year.
The foreign and financial messages
! of the President were followed by vio
! lent reaction in the stock market last
! Saturday with grave fears of moneta-
ry trouble.
The sudden panic checked business
in many departments, and the indus
| tries cannot 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
| summer, when production was expand
| ing and prices mounting rapidly, that
| new causes of uncertainty have the
more influence.
| Wheat and cotton were depressed
! by last weeks panic and have had lit
| tie time 10 recover. Wheat receipts
| continue enormous for the week, B.
! 194.012 bushels against 1,7l2.oOS last
| year and Atlantic exports. flour i'm
! cludcd have been 1.526.96O bushels in
| four weeks of December. against T.
| 763, 800 last year. Russian and other
| supplies are moving freely,
many of the estimates are
wholly forgotten and the men
| who predicted 81 wheat have dis
appeared. Cotton has remained at SH
cents since last Saturday and enOr-
NOUS commercial and mill stocks here
and abroad. with a demand for goods
much smaller than in September, him
| der 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
| 6.10O bales.