The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-28
THE FAILURES.
Show but G Slight Variance From the
/, Liabilities Of 1894.
NEW YEAR MAY BRING RELIEF.
Holiday Dullness Increased by
Delay of Orders.


In their weekly review Of trade, will say:
The failures of the fourth quarter Of the
year 1895, not yet finished, cannot bc
definitely stated, but the aggregate Of de-
ferred liabilities for the year, while much
smaller than in 1893, will vary but little
from that of 1894. The years aggregate
OF commercial liabilities will probably bo
about Si70, 10000 in manufacturing, over
$73,000,00O, or 10 per cent, more than last
year, but in trading about sSS,0o0,0Oo. or
9per cent less than last year.
The foreign and financial messages OF
rhe president were followed by violent re.
action In the stock market last Saturday,
with grave fears OF monetary trouble
The sudden panic checked business in
many departments, ard the industries
cannot be- expected TO show signs Of i'm.
provcmcnt until the new year begins.
Orders have for months been SD 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 moro
at Pittsburg; the bar iron association has
reduced its price-not yet TO the rate az
which steel as we'll rs iron bars. are actu
industry suffers from the speculative ad.
vance in prices and production last sum.
mcr
Orders Are backward.
In the great textile manufactures the
usual holiday dullness is increased by de.
lay OF orders. though there is some ac.
cumulation Of goods for the demand ex.
pccted soon. For wooleu goods the market
Is extremely dIl. soft wool dress goods
and ladies' cloths are u shade lower. and
Shc average quotations are about ~ per
cent lower for the week Some makers
have gone below last years quotations in
securing orders.
Tine shoe and leather business does not
ir'rr0yc, and both leather and manufac,
: al goods dcclined slightly, though spec.
r.ttion is again hosting hides about 10
per cent for all In two weeks and for
some kinds 25 per cont
Wheat and cotton were depressed by
last week 5 pnnic. and have had little timc
10 pecovcr. " heat receipts continue
enormous for the week. 3,7gi,072 bushels,
against LIE, ,01S'l last year, and Atlantic
exports. -four included. have been 7.526960
in four weeks of December, against Z, ,763,-
so last year. Russian and other supplies
arc moving freely; official estimates are
wholly forgotten, and the men who pre-
dcted 81 wheat have disappeared.
Cotton has remained at 81 cents since
last Saturday, and enormous commercial
and mill stocks here and abroad, with "A
demand for goods much smaller than in
September, hinder an advance. The
quantity which has come into sight is 81
per cent less tI.an last year TO date, but
slightly larger than in 1892, when the crop
was @, 100000 bales.
Failures for the weel have been 322 in
the United States, against $50 last year.
and 40 in Canada. against IL last year.
Ne rine MisLaps.
NEW YORK, Dec. 2S.--Steamcr Schleswig,
from Haytian ports, brings news of tho
loss of Captain Bachelor of the British
steamer Ardle during heavy gale on
Dec. l3. Tie Ardle got into n heavy gale
when three days out from New York, and
during the prevalence Of the storm Cap
tain Bachelor was struck by n sea and
washed overheard The Schleswig brings
news of the total loss of the British
schooner Mellacoree, Captain Sherburne.
which stranded on the southwest reef of
Little InIgua on Dec. 10. The crew wero
saved, but the vessel proved total loss,
as she took fire shortly after striking.