River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1895-01-03
TRADE AND FINANCE.
Points of Interest in x. G. Dun a Co.'s
Weekly Review.

New YORK, Dec OR G. Dun ~
Co. weekly review OF trade says:
Commercial lures for 1894 already re-
ported number 14,:g2, against .2i2 last year,
with liabit Is OF Sl63 23s 4W against 80 179 $50
last year Next week the final report for 1894 will
probably include about 400 more failures, with
liabilities of about $4,000 900 From these ac-
counts. banks and bankers financial and trans
porting companies are excluded Manufactur-
ing failures already number 2,156 against 3423
last year. but liabilities are only S6i 49l,2s9
against Sf7G ps2, 0gi last year The trading
failures already number 1850, against li.5l2
last year. but liabilities are only Ss7 800 ,017,
against Si3O 052 3S3 last year. The statement
by sections shows decrease OF about two
thirds in defaulted liabilities in the middle
and central northern states, one-half in the
west and southW est and third in other Sec
tons
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
1884 hours per hand this year, 2l5 last year
and 2432 in 1892 The wages paid per hour
were per cent less than last year, and $50
per cent. less than In 1892. As the hands em-
ployed in establishments reporting were
$50 per cent. more than last year
but u O2 per cent less than in 1892, the total
wages plid in these establishments in No
VEN Der was I6 So per cent more than in Mo-
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.
Holiday trade has scarcely met expecta-
tions Purchases have been numerous, but
smaller than usual Ia amount and more COM
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 2ls per cent less than the
year before. and the daily average for Deem
Der has been 7 1 per cent more than last year,
but IS less than the year before. In spite of
some sensat .onal losses on western roads the
earnings of all railroads reporting for Deem
Der are 30 per cent. greater than last year and
but ll6 per cent less than "
wheat has declined on,-Aalf cent during
the week. Exports in December from both
coasts have been a little larger than last year
but for the crop year about 2,OOOOOO bushels
smaller The wtstern estimate, usually re-
garded with most confidence. is, that
the crop will reach BIS O00OOO bushels,
which will leave for export. with stocks
brought over. more than 200,000 900 bushels of
which only 900 900 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 molth have been greater than
in 1851 while stocks in sight here and abroad
are larger than at the same date that year, Is
an obstacle to any rise.
Money is still coming to this city in a steady
stream. and exports of gold for the week are
expected to be aDout 100000. 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 tn demand has slightly increased,
though only as might be expected at this sea-
son.