The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-04
STATEMENT OF FAILURES.
Increase In Bankrapts for the Past
Quarter.
SPRING IMPROVEMENT IS EXPECTED,
Steel Pool win SastAin the Market,
WOODEN and Cotton Mills Have
fcw Orders.

New York. April 3.--R. q. Dun ~ Co, a
weekly review of trade. which issues to-.
morrow VIII say:
Tho regular quarterly statement OF fall
ures shows 4cSi. with liabilities of sS7, AN.
lSo against S0S2 last year with liabilities
OF A'.sls6sS, and 1901 In the same quarter
OF 1884. with liabilities OF sCA, III, $40. me
average liabilities were sl4.a6, asains,
si2,5T' last year and sli.soo In 1884. Manu-.
| featuring failures were Sis against Gsl last
year, with liabilities of SIS ,sa6 against
s2o,g2S,Hei last year, increase i6.a per cent
but the decrease IN comparison with 1884
is 1914 per cent. Trading failures were
ans, with liabilities of 1914 M against
s2S,a'aSo4 last year increase ao.e per cent,
| but In comparison with 1894 the decrease
Is dn per cent. The ratio of defaulteu
liabilities 10 payments through clearing
houses was si.i5 per 1000. The average
| for the previous ten years having hocn
S27 and the average per firm In business
was siT IS against SSs,Si for tile previous
ten years. The main increase over last
| yeRr has b, IN in Misunderstanding failures
| III New York. Pennsylvania anu ONO anu
| 1T trading failures IN Texas and Mime
| sofa, OWING 10 two recent large defaults,
| plhVr commercial failures are Also iargeg
| than last year. practically all the Increase
/ being at the South. Banking failures have
| been iifty-one against thirty-eiN last year
| SlSiSs,6G last year More than hat the
entire banking defaults were In Northern
States. west of the Mississipp
The Improvement, 10 expected when
spring weather begins, though ia some
branches OF business scarcely Nishie As
| consumers make spring purchases thcS
must leNsen stocW" amt compel Duyns
The stocks taltcn tn advance of last sunl.
fI
more slowly than expected, hui months OF
waiting hayc helped TO lessen the load
which IL Is hored sprng buying VIII clen,
awAY. The backward season has poeu a
hindrance, AZ has also heon tina Humber
Of hands unemployed in important Indus
los and the low prices OF farm pioducts.
Apprehension of foreign financial diIfl-
clhlies has hiudcrcd hut ARE now scarcely
iHl. Gold exports ara runlorod, but al
this season are 50 far natural that they
hNvo no such power TO causo alarm MS
tlyy had In the winter,
The gigantic steel combination ia oX |
pated to have II great influence in Sus-
deiro and though such operations often
miss the SUCCESS they sock, They rarely |
IAN 10 klni'o speculative buying fol "A
tine. The sudden advance of s. per ton |
IN hlllets a week aGo has raised iRessomer |
rig 81 al Ptishurg and the demand tor |
etrctural forms increases in expectation |
that prices viii rise. Nail associations |
haYr given notice of another advance ut |
Is cents ut The end of this month. fhrs
have been greatly domorn!izcd, hut some
makers now hope to rect establish the com
h!iHtiou as steel bars VIII hecome dcarer.
Eu No 1 foundry is slightly lower nt |
Philadelphia nnd the general dcmauh ior |
finished products does not Yet improve.
Tin steel concerns propose To restrict pro
dustion by allotment thos0 producing |
mare than their share to pay 81 per ton |
t. those who produce less. orders for
luto copper are collected ut loiac and lcad
Is weaker nj = 10. But II sinsle buyer
lfcd Tin to S3.11.
The wooden manufacture does not gain
In orders and a larger part of the ma
olinory If stopped Prices of wool have
fallen 7ie per cent, the average Of lni quo
tnions being g. Sales I'm March were
smaller than In any other month since
$50 md for tho punrter were Only blih'W
pcunds of which 1916. hD Was foreign
AGAINST G0Sl,3l5 last year, OF when ~
~ $50 was foreign.
cotton mlls still pile up goods In nd
vince OF orders as reductions In prices
have failed ms yet to stimulate buying. |
SPECULATION ia produce has been tame
" that former predictions of h,NlWO hales |
AZ remembered with derson and tho |
o,ilunk for the next crop continues gopn
Whent Was slightly advanced ana If later
-dbnrts OF injury from oNtenFlNe ftpsts
ala storms prove correct, VIII advance
more thuugh Western receipts continue
marty - per cent larger than last year y
ana for five weeks past have been ", Sih 'O 4
N shells. against s.Sl.372 last year, While I,
A luutic exports have BEEN oniY 5,iS.lA .
,tghels Ullur incl'idcd) against SiSh7Ol ! 4
fst year corn exports are larger ana o
receipts nlso heavy, but pork mas declined