The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-04-04
FAILURES IN THE UNITED STATES
The Regular Quarterly State
ment Show 4,O3i,
with Liabilities Amounting to s57.4ao,.
1sS, Against 3,Os1 Last Year, and
4,oS4 I'm Same Quarter OF Is94-The
Main Increase Was In Manufactures
In Now York and Pennsyivania-Pres.
ens Condition OF Trade.

In Now York and Pennsylvania-Pres.
ent Condition OF Trade.
NEW YORK. April a.-R. G. Dun &
Co.'s weekly review OF trade will say:
The regular quarterly Statements of
failures shows 1851, with liabilities of
S57,42s, 12s, against $500 last year, with
Liabilities of s47, s13, 6ss. and 4.0s4 In the
same quarter Of 1894. with liabilities of
S84. l27,335. Tho average liabilities
were Sl4,s46 against S12,577 last year
and $4,000 in 1894. Manufacturing
failures were sa5 against 651 last year,
with liabilities of 823, 5o7. 3ss against
$40, sa3,9 last year, increase 16 per
cent, but the decrease In comparison
with 1894 is 1874 per cent. Trading
failures were 3,11s, With liabilities of
S3l, 423, 312 against S25, 97e, 1914 last year,
increase 20.6 per cent, but in com.
parison with 1894 the decrease ia 6 per
cent.
The ratio of defaulted liabilities to
payments through clearing houses was
81 As per $1,000, the average for the
previous ten years having been SO .27,
and the average per firm in business
was S47.4S against S3s Ga for the pre-
vious ten years. The main increase
over last year has been in manufactur-
Ing in New York and Pennsylvania,
The other commercial failures are also
larger than last year, practically oil the
increase being st the South.
Banking failures have been 81 against
SO last year, but with liabilities of only
More than half the entire banking de-
faults were in Northern States west of
the Mississippi.
The improvement expected with
spring weather begins, though in some
branches Of business scarcely visible.
as consumers make spring purchases
they must lessen stocks and compel
buying. The stocks taken in advance of
last summers demands have been dis
tributed far more slowly than was ex-
pected, but months of waiting have
helped to lessen the load which 10 is
hoped spring buying will clear away.
The backward season has been an hind
rance Is has also been the number of
hands unemployed in important indus
tries and the low prices Of farm pro.
ducts. Apprehension of foreign or flnan-
cial difficulties have hindered but are
rumored, but at this season are so far
natural that they have no such power
to cause alarm as they had In winter.
The gigantic steel combination is
expected to have q great influence in
sustaining m Arkets and stimulating con.
hdence AMI though auch operations
often miss the success they seek they
rarely fail to kindle speculative buying
for time. The sudden advance Of Sc
per ton in billets week ago has raised
Bessemer 81 at Pittsburg and the de-
mand for structural forms increase in
expectation that prices will rise.
Nail associations have given notice of
another advance of l5c at the end of
this month. Bars have greatly demon
allied, but some markets hope to re-
establish the combination as soon "a
steel bars will become dearer, but num-
Der one foundry is slightly lower at
Philadelphia and the general demand
for finished products does not improve.
The steel concerns propose to re-
strict production by allotment, those
producing more than share paying SO
per ton to those who produce less. Or
ders for lake copper are solicited at
1076c. and lead Ia weaker at BLOC, but
single buyer lifted tin to 1855.
The wooden manufacture does not
gain in orders and large part OF the
machinery Is stopped. Prices Of wool
have fallen TX per cent, the average
OF 10s quotations being 1852. Sales in
March were smaller than in any other
month since 1894, and for the quarter
were only 57.l47,7sO pounds. OF which
0,916. 200 WAS foreign, against &c, OSl,-
3l5 last year, Of which 26,258.s5 was
foreign.
Cotton mills still pile up goods in adj
vance OF orders, as reductions In prices
have failed 90 YET to stimulate buyipg.
Speculation in products has been tame.
Cotton continues to come forward 80
largely that former predictions OF 6. $780,
600 bales are remembered with derision,
and the outlook for the next crop con-
tinues good.
Wheat has slightly advanced. and II
late reports Of injury from extensive
frosts and storms prove correct, will adj
vance more, though Western receipts
continue nearly so per cent. larger than
last year. snd for five weeks past have
been 1885, 40 bushels against $751;
372 last year, while Atlantic exports
have been only 6,733, 1872 bushels, -four
included, against S,435,70l last year.
Corn exports are large and receipts also
heavy. but pork has declined rs cents
per barrel.
Ex-Oonsul Waller Coming Homo.
DENVER, Col. April 3-Col. e. G.
Woodford has received oablegrsm
from ex-Consul Waller, of Madagascar,
saying he will leave London for
America Tomorrow, and that he will az
rive In Denver inside of two weeks.
Colonel Woodford WAS ct Tamstiye
when Waller was arrested.