The herald., 1896-07-18
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
Trade OF the United States for the
Year 1895
ure for Six Months of 1896 Changes
in the Local Produce Markets

From the annual report of the New
York board of trade the following fig
ures on the business of the country are
taken:
We find that the imports, exports and
re-exports of the United States for the
calendar year ending December 81, 1895,
exclusive of gold and silver coin and
gold and silver bullion, were 81 ,626, ,525, :
965. For 1894 the amount was 81 ,501 AIS, =
1S9, gain of 1925 ,776. New York had
OF this amount, $S4S, ,637 095, and for 1894,
$7IS,993, ,063, an increase of S69, ga ,032
The balance of trade for the calendar
year ending December 81, 1895, was as
follows:
exports and re-eXports ......... 1924 S62, AS
iPoi'o oul, bo5. i9O
In favor of the United States s. %, los, ,9S5
In favor of the United States, cal
endar year 1894 .S14S 100, 9Sl
The stock of gold and silver coin in the
United States on July /. 1895, as esti-
mated by the director of the mint, of
gold, $510, 400,907; of silver, $500, 243 ,653; a
total of $1,079, 644 $50. OF the silver coin,
$423, 289,219 was in dollars and $76,9 ,434
in subsidiary pieces. At the same time
the total metallic stock was $685., ,229 S25
gold and $625,S54 .949 silver, a total of
$l,262 OS4, ia. An increase in gold of $S,-
936,624 and in silver of 81, ,507, 1872, total
of $1O,443.816 over the fiscal year 1894.
The operations of the New York clear
ing house are always in excess of so per
cent of the total clearings of the country,
as reported by some eighty clearing
houses. The operations for the calendar
year 1895 were $31 800, ,S77 ,943, and for the
same time in 1894 they were S26, ,023, ,206, =
424, an increase of s5,777. GIL ,519. The
figures for 1894 exhibit the smallest
amount of clearings since 1879, the ex-
treme depression in business succeeding
the panic Of 1893 obviously being the
cause.
The cash balances necessary to settle
the exchanges reached higher percent
age of clearings in 1894 than ever before,
being 81 and 6.5 for 1895, amounting to
centage for forty-two years is 4.6 of the
exchanges.
The deliveries of raw sugor in Japan
were 109,406 tons, against 130, ,166 tons for
the same month last year.
The receipts were 174,3 ,3S7 tons, against
160,0o1 tons in June, 1895.
Importers stocks July 1 were 21S, 1872
tons. against 71,304 tons same time last
year.
Meetings. by refners. 1873, 200 tons,
against $4,000 tons in June, 1895, and
III, 500 tons in 1894. This Is the smallest
monthly MEETINGS for any month this
year, with the exception of February
The total stocks of importers and re-
finers July l were 2SS,17S tons, against
293,197 tons at corresponding date in
1896.
The total stocks in Europe and Amer
lea at latest uneven dates, 1865, ,003 TONS
a decrease as compared with last year
of 22S, ,592 tons
r. Notwithstanding tnew statisticaa po-
sition favors higher range of prices,
the markets of the world during June
declined, and are now extremely sensi-
tive. The experience of the last month
has demonstrated that gambling against
shortage in supply is extremely haz-
ardous. even If the figures favor your
side. der-consumption is quite as
much of factor as under -supply.-The
American Grocer
Business failures in the United States
for six months, says Bradstreet's, were
1902, the largest six months total since
records have been compiled. The in
crease. compared with 1895 and 1894. is
15 and 16 per cent. respectively. Com
pared with 1893 Qncluding two months
of the panic). the increase this year is
about 1340 or % per cent and contrast
ed with six months of 1892. period of
prosperous trade. there were AZ per cent
more business failures in the last six
months. Total liabilities for 1902 failing
individuals, firms and corporations are
$105, ,535, 900. This has been exceeded only
twice before in like periods-in the panic
years. 1884 and 1893. The increase of
total liabilities over the first half of 1895
Is 81 perr cent and over 1894 1t is 28 per
cent, but it Is 3S per cent more than in
the first half of 1892. The falling off of
liabilities compared with 1893 is 3s per
cent. 1t appears probable that under
vi In,
1894 have not all been eliminated, as the
ratio of total assets to liabilities has
been exceptionally heavy this year
more than 81 per cent-which Is a char
acteristic of periods of abnormal busi-
ness embarrassments.