The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-09
WEEKLY TRADE REVIEW.
MiNY UNSOUND CONCERNS WIRED
OUT UITH THE OLD YEIE.
SpecuIati.e Markets DUPLICATION Gees Up
"a shade of BilIets--Whcat Finn
and Practically Unchanged.


co. will say tomorrow in their weekly
review OF trade:
The year 1891 begins with one clear
advantage past year has swept out
OF the way great number Of unsound
concerns. which I'm any time OF activity
would have been danger to business.
OF the 5.2sG commercial and banking
failures in 1895, with Liabilities Of S2'6.-
S5.7ig. a large share represented Grip
ping losses in previous years or inc
violence OF speculative storms Ia lA'''
or the first half Of 1896 while thou
sands moro resulted from the fury OF
the political tornado last fan. Banking
failures. amounting 10 $50,lH,u9 during
the wear. averaged s2JG156 each. and were
1l5 per cent. larger than in lS".
Commercial failures amounted 10 S2Z".-
09G. S3i. little over one million collars
having been added by the last day or
the year. but the average Of liabilltles-
SI4. gq2-was smaller than In some years
of great prosperity. .......
The failures Of brokerage ana olhcI
commercial concerns averaged SoS4l'
each. increasing l3 per cent. over 1880.
while manufacturing failures averaged
lt
and trading failures increased lh yer
cent and averaged only S9.606 each.
While banking failures have not ceased
al the West apprehension about them
has almost wholly subsidized. and no So
rious influence upon general trade Is no"
expectcd. Many sound concerns were
doubtless caught boy the epidemic hut
practically all the important failures are
traced 10 disregard of law ana OF haih-
ing sense at periods somcw bat distant.
II is felt at the West That ana "u7i-
ness will be the sOunder after JUS 'ui
ing. and the return of money 10 NJ"
York has exceeded shipments 10 the ln-
terror by {LO00OOO for the week. li''NS
disbursements by the treasury ana ny
great corporations make money "''N"
ant and banks and savings banks arc
seeking LooC paper. taxing sumo
mcrly sold at Chicago.
Foreign exchange les risen trihe as
large bills are about TO mature. M''
chaudisc exports were II per cent over
llri year. while imports were q per cent
less than for the same week.
Sneculatf.c markets have been dull.
cation started mp shade. hut receipts
from plantations are stiil too large ior
low estimates. end the condition or the
cotton mills fOrcshadOws curiallm'hD
rather than large consumption. Inc mar
kct for goods is extremely SLOW ~ 49,
infer HAT the unp'eceuente"
print cloths indicate a similar surplus OF
other goods Tine logic is bad Dui j"
many branches the mills nave "oD'''
manufactured goods antcipatins u,
mand which has not como j., i1 '"
proposed 10 relieve inc MAJ ",
oas.rtitles of print cloths abroad. or hy
o., 49,. go. o. ror dol nfeees until the mar
ket improves The only change IN puo,i-
;ions ia onc-quartcr cent reduction ih
eorro hleached goods
I'm voollen goods tho only change is %
rodurtion of 71-2 cents in clay wOrsicd5
add ,,ivturce and orders are not more
-. or5.rs fo~ boots and shoes
''q"'".' 49,, Int Cor few
nav go. $50 t,,e, ,d,.,ncol only
pu.".''', 49,. i.,t fotbor.. ana
~ 10 Csi, '' i'..,,. ,,,9 io,,
BUYING ,''',, ,1 III eb.1o
lse"'"'i l" ''"
,o"sel' ....,...,.. ~ tuiots cam,
Enormous pnI'n's. vi
with rush' most OF ''' ','
contracting Tor "i '"eF
months an" even Ia e.
some ~ the largest contracts "I, T''' ~
have been sold ar SO. "l eve"
there IS as vet no pciior o'"lhN" l.i
structural work bars are weak htlIa
havc declined 90 $40 for wire. ana >lal
FOR ont aud line is doing 'n rails. 1s
roreihlo bnvers think S25 g. too high
'.,,t, ,uiots ~ an nor ton. Nevertheless
, rot t,sdo &C. ovrectcd when relative
mice lccora settled.
rr.,,erpr.t,r,s
..,.,,. 80 ~, pr.lstroef-s to-
NV In -.
nv W. ~" ~. l,..,,io, NJ ronorfs from a.
"'"' 800. and c,1r coa.t
"oI,.l' 49, 49,. ., a.,rl,. an disfributinr
'l'lra' JUL go. g.. AMI and ,,.itbo,t
,'' ..' q, 49,, n.,oor1 has in,nrovod
H'" i''l,' 20. g.. ro,,t' Ca, h,ts b.rd-
"' US" '''" 90 ,1 f.. tr,f,
VIZ, ~, ~, 80 III roid.r volfb-
~ 49, ,,,.t,,i ,,,,,[t...cs of c1otbin..
=. i.., 49,, ran. ,onor,f rocovorV
a. ,i,,t,,,as, a. ro,,o,t.d ae ,ot
a., ,,ost co,t,ee eaIosmcn are lust
- or+ Coioctfore are ronorted
.....ia.trf,l+r,. i.,,t 8, n,rv Instance
,.1',,,. l,,,,..ss tbcr,eol,,s as hopefiu
80 - ,,ond snrin,, business
Da,o,,,'.r hank clearinrs reflect then
Quito, .or1ition Of Trade fu that month