Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1895-01-03
BUSINESS OUTLOOK.
Reports from Two Commercial
Agencies in New York
The Volume of Trade During the Year
shows a Gratifying Brad
street Says the Outlook for
1895 Is Good

NEW YORK, Dec 29.-R 6. Dun &
Co. weekly review or trade says:
Commercial failures for 1894 already re-
ported number 1852, against 1922 last year
with liabilities Of S16 2Ss 4o4 against s346 $50
last year Next week the mai report for 1884 will
probably include about 400 more failures with
liabilities OF about S4.0O0,0O0. From these ac-
counts, banks and bankers. financial and trans
porting companies are excluded Maaufactur-
ing failures already number 2.756, against s.422
last year, but liabilities are only S64 49i. PSF
against Sl76,9s209l last year. The trading
failures already number 1870. against II5l2
last year but liabilities are only So 500 ,057.
against $4,000. 3s3 last year. The statement
by ctions shows decrease OF about two
third in defaulted liabilities IN the middle
and central northern states. one-hah In the
west and southwest and third in other sec
tions-
Wages and Work.
Wages actually paid in November are com
pared to-day with working hours IN establish
ments throughout the country, and in about
fifty branches OF industry. the average being
1854 hours per hand this year. 2ls last year.
and 243.2 in 1892 The wages paid per hour
we're 12 per cent. less than last year. and $50
per cent. less than in 1892. AS the hands en-
ployed in establishments reporting were
853 per cent. more than last year
but II. 02 per cent less than in 1892 the total
wages paid in these establishments in No
vember was l6 33 per cent. more than In No
vember. 1898 but 81 AZ per cent less than ia
November, 1892. Thus the decrease in pur-
chasing power of the working force is found to
be due mainly to decrease in number OF hands
and hours OF work, rather than to reduction Of
wages paid per hour
Volume of Trade.
Holiday trade has scarcely met expecta-
lions. Purchases have been numerous but
smaller than usual in amount and more con-
fined to needful articles. thus anticipating or
binary trade. The volume OF business
represented by clearing house exchanges
Is ~ per cent larger than last year
but els per cent. less than the
year before. and the daily average for Deem
Der has been n per cent. more than last year.
but 25 2 less than the year before. In spite OF
some sensational losses on western roads. the
earnings of all railroads reporting for Deem
Der are 29 per cent greater than last year. and
but 1I.6 per cent less than In 1922
Wheat, Corn aud Cotton.
Wheat has declined one-half cent during
the week Exports in December from both
coasts have been little larger than last year
but for the crop year about 100000 bushels
smaller. The western estimate. usually re-
garded with most confidence. is, that
the crop will reach 5iSoOO,OOo bushels,
which will leave for export. with stocks
brought over. more than 200, 900 coo bushels OF
which only 5000 900 bushels have gone abroad
Corn has declined three-fourths OF a cent
with good receipts. The price OF cotton has
not changed, but the fact that receipts from
plantations this month hsys been greater than
in 1891. while stocks in sight here and abroad
are larger than at the same date that year, Is
an obstacle to any rise.
In Financial Circles.
Money is still coming 20 this city in q steady
stream, and exports of gold for the week are
expected to be about SO. 10000. The dissolu-
tion OF the bond syndicate, on the ground that
the pending currency bill has destroyed the
market for bonds. is the most important event
in financial circles, and is liable to have re-
suits OF some consequence. For commercial
loans the demand has slightly increased.
though only might be expected at this sea-
son.
Bradstreet's View.
Bradstreet's says:
General trade presents the usual holiday
characteristics A majority u Wholesale deal
ers and manufacturers beginning OF have
finished taking account of stock or arranging
settlements for the new year. Main activ-
fly has been for Christmas specialties
In retail lines. The practical conclu-
sion OF holiday trade has brought about
q moderate reaction, and this emphasizes the
dullness noted in preceding weeks. Jobbers
claim the outlook for trade during the late
winter and early spring is for very conserva-
tive buying. But in some lines. notably heavy
textiles. recent cold weather has stimulated
sales, and reports from retailers west and
south indicate low stocks, almost beyond pre-
cedent This 10 taken indicative OF better
merchandise trade in the near future than for
several years past Travelling statesmen with
few exceptions. are OF the road. Merchants
generally incline TO the view that 1895 prom
Uses favorable business. although as midi
Gated, opinion is divided as to whether re-
newed activity viii mark the early months OF