Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1896-01-03
Furry of Last Week Checked
Business.
STATISTICS ARE DlSCOURAGlkG
Failures Have Increased as Compared
With Former Years-En5rmnus
Wool Business.

InOTTOW Will say
1.-THE failures of the fourth quarter
and the year of 1895, not finished, can
not be definitely stated, but the aggre-
gate of deferred Utilities for the year,
while much smaller than in 1898. will
vary but little from that of 1894. The
years aggregate OF commercial liabili-
ties will probably be about $110.O0OOO0
in manufacturing. over $73.O00.000 or 10
per cent more than last year, but in
trading about s8S, 900 or Q per cent
less than last year.
THE foreign and financial messages
of the president were followed by vio-
lent reactions in stock last Saturday
with grave fears of monetary trouble.
Suddenly check d business in many de-
partments and industries can not be
expected to show signs of improvement
until the new year begins. Orders have
for months been so much smaller than
they were in the summer, when produc-
ton was expanding and prices mount
ing rapidly, that new causes of uncer-
tainty have more influence.
Bessemer pig has declined 25 cents at
Pittsburg. The Bar Iron Association
has reduced its price nearly to rate at
which steel as well as iron bars are
actually sold and in most departments
this industry suffers from the specula-
tive advance in prices and production
of last summer Minor metals are a
shade lower. Coke makers decided not
to fix the prices except by months, and
a combination of Mesaba ore producers
is no longer expected. Anthracite coal
is selling at Sc. 40 in New York harbor.
Wheat and cotton were depressed
by last weeks panic and have had
little time to recover. Wheat receipts
continue enormous for the week, 3,749,
072 bushels, against 1,712,900 last year,
and Atlantic exports (flour included as
wheaD, have been 1857, 260 bushels in
four weeks of December, against T.,
1863, 500 last year. Russian and other
supplies are moving freely, official es
Inmates are wholly forgotten and men
who predicted 81 wheat have disap-
peared.
Failures for the week were 322
against $50 last year"
BRADSTREET'S REPORT.
New York, Dec 27.-Bradstreet's to-
morrow will say:
LAS is the rule in Christmas week, the
holidays. the close of the year and
stock taking tend to make business
slow and promise to make only light
trade until late in January.
Business failures in the country for
the complete year number 1903, an in
crease of more than per cent, not
withstanding this is the second year
following the panic. in which, as shown
Inv tho rapnrlG II iG tIGna1 40
Der of failures to decline. The increase
of per cent in the number Is accom-
panied by a gain of 6 per cent in liza
bilities of those failing and the COM
mercial death rate, which averaged 1.2O
in every 100 engaged in business during
five years from 1890 to 1894 inclusive and
ranged as high as 150 in the panic year
of 1S93 down to 1.21 in 1894, has risen to
l.23 this year. Increases in the num-
Der of failures are at the west, north
west and in the middle states, the de-
creases being shown in New England
at the south and at the Pacific coast
THE per cent of assets to liabilities
| has risen from SO per cent one year age
| to nearly Sc per cent, as contrasted with
| So per cent in 1893.
Exports of wheat flour included as
| wheaO from both coasts this weel
amount to 3,347 900 bushels, agains
3076, 900 last week, 1,S14,000 in the cor
| responding week of year ago, $685.
| 900 two years ago. This weeks foreign
| shipments of wheat. flour included, ar,
| the largest since the third week o.
| January last"
| WOOL REVIEW.
| Boston, Dec 27.-The Boston Com
mercial Bulletin will say tomorrow, il
annual review of the wool trade:
wool at the close of the year aver
| ages cents higher per pound for scour
ed than at the beginning. Boston ha
done the largest business in her history
the sales for the year being $50, 730, n
pounds, of which 1874, BATH We're domes
| tic and the balance foreign. This sur
| passes even the large record of 1892
when the sales We're $50, 447 900 pounds
| These sales represent actual transac
| tons, but as many of them are sale
| to spectators, the delivery movemen
more accurately represents the con
| sumption. The total receipts of WOO
in Boston We're 1877 bags of domesti
against 51S,314 bags of domestic in 1884
and 323,9S1 bags of foreign against 1902,
366 bags foreign in 1894, The American
clip in 1895 was but 294,256,726 pound
against 1876, 210712 in 1894.
1.-THE latest treasury statistics shoy
we imported 211. 057 .03s pounds of foreign
| wool in the first ten months of 1S9
against S3,223,270 pounds in the frs
ten months of 1894. Exports of Ameri
can wool were 4.775,303 pounds agains
s49.5l0 pounds in the first ten month
of 1894.
| WEEKLY BANK CLEARANCES.
New York. Dec. 27.-The following table
compiled by Bradstreet's, shows the tota
clearances at the principal cities, and tn
| percentage of increase or decrease, a
compared with the corresponding wee
of last year:
| Inc. Dec
New York ........ $500, 597. 1893 SOS =.
| Chicago ...... ...... &2l5,5ll 1872 -.
bOStOn byi ZO.O
Philadelphia -. E. 1925, COS .... 8
st. Louis ............ 21,001, $50 3 .
San Francisco ...... 1908 903 376
Baltimore -. ...... 13,290,S 500 1873 -.
Pittsburg ........... 15,055045 293 -.
| Cincinnati 49,. $40. II, 02l, $50 49,. 8
! Kansas City ........ Sill, 16S "a -.
! New Orleans ....... 11,S467lS 1872 -