Birmingham state herald., 1895-12-28
COMMERCIAL REPORTS.
Bradstreet and Dun's Weekly Review of Trade The Opening of Business for '96
 Yet Uncertain.

| New York, Dec. N.-1s G. Dun 6 Co. will say tomorrow in their weekly re- view of trade:
 Failures for the week have been 322 in the United States, against $50 last year, and 40 in Canada, against Al last year. The failures of the fourth quarter Of the year 1895, not yet finished, cannot be de- finitely stated, but the aggregate of de- ferred liabilities for the year, while much
 smaller than in 1SsS will vary
 The The years aggregate or com
 mercial liabilities will probably be about $170 GOO 00G in manufacturing over $73,-
 100000, or 10 per cent more than last year,
 but in trading about $8S,O0O,0O0, or per cent less than last year.
 The foreign and financial messages or the president were followed by violent reaction in the stock market last SatuT- | day. with grave fears of monetary | trouble The sudden panic checked busi- | ness in many departments and the 1n- | dustries cannot be expected to show l signs of improvement until the new year 1 begins 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 ln- fuence Bessemer pig has declined 20 cents more at Pittsburg, the bar iron as- sociation has reduced its price, not yet to the rate at which steel as well as iron bars are actually sold, and in most de- partments this industry suffers from the speculative advance in prices and pro- duction last summer. It Is noted that Bessemer and open hearth steel were of- fered at the same price in bids on 6,000,O00 tons which Pittsburg mill will produce for appraisers stores here. In the great textile manufactures the usual holiday
 dulness is increased by delay of orders, though there Is some accumulation or goods for the demand expected soon. Standard brown sheetings and drills are an eighth lower and cotton goods average a third of per cent lower. The shoe and leather business does not improve and both leather and manufac- tured goods decline slightly, though spec ulation is again hoisting hides about l0 per cent for all in two weeks, and for some kinds 25 per cent.
 Cotton has remained at 8A cents since last Saturday, and enormous commercial and mill stocks here and abroad, with demand for goods much smaller than In | September, hinder an advance. The quantity which has come into sight IS 5o per cent less than last year to date, but slightly larger than in 1892. when the crop was 6,700,0O0 bales.
 Payments through clearing houses were abnormally swelled by last weeks panic so that the average daily for De- cember at all points is IS per cent more than in 1894, and 12.2 per cent less than in 1892. Foreign trade shows gain or 1912 per cent in exports from New York of three weeks of December, which Is decidedly encouraging, and decrease of 1872 per cent in imports here.
 Bradstreet's Review.
 New York, Dec. 27.-Bradstreeet's to- morrow will say As is the rule in Christmas week, wholesale trade has been quiet. The hol- @f h md | taking tend to make business slow, and promise only little trade until after January. The various cities'-notably New York, Boston, Baltimore and Chica- go-anticipations as to the character of trade early in the coming year are hopeful, but 1t remains to be seen wheth- CT the downward movement of demand and prices and the delay in putting the currency on sound basis, all of which have begun to show themselves in trade conditions, will permit as early and marked gains in staple lines of trade in 1896 as has been confidently anticipated.
 Business failures in this country for completed year number 130l3 an in- crease in number of failures Is at the crease of number of failures are at the
 west northwest and in the middle states, decreases being shown in New England,
 at the south and on the Pacific coast.
 The quotations for coke have been ad-
 vanced, as we'll as those for mohair. wheat, lnu1dH COIL Odto loi Sh5oi,
 while for leather, hides, lumber. coal.
 wool, coffee and print cloths quotations
 are unchanged. Fractional reactions are
 reported in prices of refined petroleum,
 cotton, pork, flour, iron and steel.
 The weeks features in commercial
 lines are a rather better trade in extreme
 specialties than expected, smaller busi-
 ness at the west, from long continued
 rains and light stock of goods in hands of
 the retailers, and the pronounced move
 r1f fxtxa dc 70
 rot only to pay interest, but be cause of
 the better demand for currency at large
 financial centers.
 SA. E. Officers Elect ,d.
 Atlanta, Dec. 27.-The joint session of
 the Gamma and Epsilon provinces of the
 s. A E elected officers today. George
 Garrison of Atlanta was elected presi-