Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-04-04
FAILURES
As Shown by R. G.
Dun'S Review.
OVEN HALF OF THEN HAVE BEEN
IN THE soplaEns STATES EAST
on THE mIssIssrrrL
THE MAIN INCREASE
mas BEEN IN MANUFACTURING
FAILURES.
The Encct of the Great steel Con-
siae Nay Prove Beneficial By
sumuiaaus Confidence.


New York. April s--R. G. Dun s cos
weekly review Of trade, which Issues to-
morrow. Will say.
The regular quarterly statement OF
failures show 4.Osi, with liabilities of
t57.425,Is5 against $500 last year with
iiabnliioa OF sf7.Sis.Cgs and i,30i In the
game quarter Of 1894 with liabilities OF
sGt. l27, 1896 The average liabilities Ali,-
~ AGAINST Sl2517 last year ana Sl4,svV
Ia 1891 Manufactures failures were
1888 against Cal last year. with iapilltles
OF s23.507 $40 against s2o,2as,99l last year
Increase l6s per cent. but the decrease
in comparison with 1884 iH 1854 per cent
Trading failures we're lis. vita iiat,ii-
ties OF S3i. 42i 3i2 against s25.9l9Ssi lnst
year, incrcasc 2o.g per cent, but In com
pariaon with 1884 the decrease II 60 per
cent. The ratio % defauitcd liabilities
10 payments through clearing-houses
was sit5 per $1,000, The average for
the previous ten years having been
s327, and the average per firm In busi-
ness was St7.sS against {3S.N FOR the
previous ten years. The main increase
over last year has been In mnnufnc-
turing failures IN New York, Pennsyl-
vanih and Ohio. and In trading failures
In Texas and Minnesota, owing 10 two
recent large defaults. Other com
mercial failures are also larger than
last year, practically all the lncrease be-
ing AZ the south Banking failures have
been 81 against 80 last year, but With
liabilities on only A.75l.g72 against Sla,-
ts2,537 last year. More than half the
entire banking defaults were In north
ern states, west OF the Mississippi, The
Improvement Is expected when spring
weather begins. though In some branches
OF business scarcely Visible. AZ con-
sumers make spring purchases they
must Lessen stocks aud compel buying.
The stocks taken in advance OF last
summers demands have been dis
trlbuted far more slowly than was ex-
pected. but months OF waiting have
helped 10 lessen the load which It Is
hoped Bpring buyings will clear away.
The backward aenaOn haH been u
hlndrance as has also the number OF
hands unemployed In important indus
tries aud the low prices OF farm pred
ucta. Apprehension Of foreign financial
diiItcultlea have hlndsred. but are now
scarcely felt. Cold exports are ru-
mored, but at this season are ~ far
natural that they have no auch power
20 cause alarm az they had IN winter.
The gigantic steel combination 70 eN-
pectcd 70 have a great influence In sus-
tanning markets and stimulating con-
fidence, anu though such operations
ofton miss the success they seek, they
rp-1ir fail 70 kindle speculative buy
ing for n time The sudden advance
Of 81 per ton in billets q week ago has
raisod Bpssemor pig 81 at Plttaburg, and
ten tfnnna FOR structural forms in
eroases in expectation that prices will
rise.
Nan associations have given notice
OF another advance OF l5c NJ the end OF
this month. Bars have Geen greatly
demofallzcd but some matters now
Af.tta Ia
steel bars Will become dearer But
number one foundry is slightly lower at
Philadelphia. and the general demand
fer finished products does not yot I'M
prove. The steel concerns propose TO
restrict production by an means, those
producing more than their share paying
:. per ton TO those who produce less.
Orders for lake copper are solicited at
10 lie ana lead ~ weaker a a.iO. But a
single buyer llfted tin 10 slss5.
The wooden trade does not gain In or
dcrs, and q large part OF the machinery
Il stonped. Prices OF wool have fallon
Ia per cont. the Average OF ict QUOTA
tions being sis.62. Sales In Naseh wore
smaller than In amy other month since
1875, and for the quarter were only rs. :
17.7SO pounds, OF which n.qiG 200 was
foreign against e9,9Si. sl5 last year, OF
which &c, $40 wps foreign
Cotton mills sttll pile np goods In i'd
Vuhct oI oluefai u3 reductions IN prices
have failed NJ yet TO stimulate buying
speculation In produce has been little
Cotton continues to come forward 81
largely that former predictions OF 0 ,5O0.-
900 bales are remembered with dprisior
and the outlook for the next crop IL
good.
Wheat has slightly advanced and Il
later reports Of Injury from extensive
frosts and storms prove correct. viii
advance more though western receipts
arr nearly 30 por cent larger than last
year, and for 1--WE weeks past have beer
iS.sao,po bnshels against 1854. s72 last
Year, while Atlantic cxporta have beer
only S.lsS,lJ3 bushels (fiour included
Against 8,531,701 last year. Corn ex
ports are larger and receipts also heavy
but pork has declined l5c per pound