The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-04-04
SEEN BY DIN.


New York, April S.-R. G. Dun & Cos
Weekly Review of Trade which issues to-
morrow win say:
The regular quarterly statement of fail
ures shows 4.301. with liabilities of ST.
425, lS5, against 3,S02 last year, with liabil-
tiles of S47,Sl3,6 $50 and 4.304 in the same
quarter OF 1894, with liabilities of $64, FL
323. The average liabilities were Sl4,246,
against S12,57 last year and 1890 in 1894.
Manufacturing failures were S3S against
Col last year, with liabilities of So. 32S,
against $40, 223, 991 last year, increase l6.2
per cent. but the decrease in comparison
with 1894 is 16.4 per cent. Trading fall
ures were 3,1lS, with liabilities of SSl a.
3D. against $25, 909, S94 last year, increase
20.9 per cent, but in comparison with
1884 the decrease is SO per cenIIhe "a
ito of defaulted liabilities to payments
through clearing houses was $40 per
8, co., the average previous ten years
having been 1927, and the average per
firm in business was S4I4S, against SiS.64
for the previous ten years the main IN
ufacturing failures in New York, Penn
sylvania, Ohio and Kentucky and in
trading failures in Texas and Minnesota,
owing to two recent large defaults. Other
commercial failures are also larger than
last year, practically all the increase be-
ing at the south. Banking failures have
ben 81, against IS last year, but with la
bilities OF only A,75l,972, against SIS, 49,
So last year. More than half the entire
banking defaults were in northern states,
west of the Mississippi.
The Improvement expected with spring
weather begins, though in some branches
of business scarcely visible. AS consum-
ers make spring purchases, they must
loosen stocks and compel buying. The
stocks taken in advance of last summers
demands have been distributed far more
slowly than was expected, but months of
waiting have helped TO lessen the LOAD
~frafr
clear away. The backward season has
been hindrance as has also been the
number of hands employed in import
ant industries, and the low prices OF
farm products. Apprehension OF foreign
financial difficulties have hindered, but
are now scarcely felt. Gold exports are
runored but at this season are so far
natural that they have no such power 10
cause alarm as they had in winter.
The gigantic steel combination Is eX-
pected to have a great influence in sus-
tanning markets and stimulating CONN.,
dence and though such operations often
miss the success they seek, they rarely
fail to kindle speculative buying 1or a
time. The sudden advance of Y per ton IN
billets a week ago has raised Bessemer
pig 81 at Pittsburg, and the demand LOT
structural forms increase in expectation
that prices rise. Nail associations nave
given notice Of another advance OF nj
teen cents at the end of this month.
Bars have been greatly demorauzed put
some makers now hope to reestablish
the combination, as steel bars Will be
come dearer But no one foundry IS
slightly lower at Philadelphia and the
general demand for finished products
does not yet improve. The steel concerns
propose to restrict production by aiiot-
ment those producing more than lher
share having 81 per ton to those who pro-
duce less. Orders for lake copper are So
licited at lOl5c.. and lead is weaker at
!. 10 but a single buyer lifted tin to
s1355 The wooden manufacturer does
not gain in orders, and large part OF
the machinery is stopped. Prices OF wool
have fallen ~ per cent, the average OF
lO4 quotations being $lS.62. Sales in March
were smaller than in any other month
since 1894. and for the quarter were only
u. l47. $50 pounds, of which 309l6,200 was
foreign, against 69,0S1,3l5 last year, of
which e, $3.50 was foreign.
Cotton mills still pile up goods in adj
of orders, as reductions in prices
have failed as yet to stimulate buying.
Speculation in products has been tame
Cotton continues to come forward so
largely that former predictions of 6.5o0,000
bales are remembered with derision and
the outlook for the next crop continues
good.
Wheat has slightly advanced, and if
late reports of injury from extensive
frosts and storms prove correct, will
advance more, though western receipts
continue nearly 80 per cent larger than !
last year, and for five weeks past, have !
been 13 S35. 40 bushels against SSSl,372 last |
year, while Atlantic exports have been !
only 6,7S3. 1872 bushels. flour included, |
against S,435, 701 last year.
Corn exports are larger and receipts |
also heavy, but pork has declined 75c. per