The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-01-09
TRADE OUTLOOK.
Failures OF the Yspr Cleared Away Un-
sound COnceTna-FOur-HftliS OF Manu-
fHeturin< FaiIures Among IndunirIes
Sustaining THrin deductions.

Failures OF the Ysnr Cleared Away I'm
sound cOncsTna-FOur-1ftIiS Of Manu-
featuring FaIIures Among InduhirIes
Sustaining THriT HCdHetions.
NEW YORK. Jan. S.-R. G. Dun K
Co.'S weekly review Of trade viii to-
morrow say:
The year 1897 begins with one clear adj
vantage; the past year has swept out of
the way a great number of unsound con-
Germs which In any time of activity
would have been dangerous to business.
or the 15,2s6 commercial and banking
failures in 1896, with liabilities OF $2s!.-
sI5,749, a large share represented Grip
pling losses In previous years, or the
violence OF speculative storms in 1895 or
the first half OF 1896. while thousands
more resulted from the fury Of the pollti-
cal tornado last fall. Banking failures
amounting 10 S5O.71s.s15 during the year
averaging $256, 1856 each and were 145 per
cent larger than In 1895.
Commercial failures amounted to S926,-
096,S34, a little over 100000 having
been added by the last day OF the year,
but the average Of liabilities S14,g92, was
smaller than in some years ot great
prosperity.
The failures Of brokerage and Other"
commercial concerns averaged S5S,4lS
each. increasing 1888 per cent over 1895,
while manufacturing failures averaged
S2S,S0S each, and Increased "a per cent,
and trading failures increased IS per
cent and averaged only $9,6OG each. over
four-fifths of the increase in manufac-
CURING nnd tadlng failures was III luni
ber manufacturing, lt0 per cent; dry
goods. 80 per cent: woolen manufacture
l6l; clothing trade, 20: shoe trade, 81;
leather and shoe manufactures, lBT; gro
Gerry trade, 80: machinery, 20; milling,
III; furniture, 30: and printing, 81. In
ten other branches the increase was
moderate IN amount, and In five, with the
unclassified manufacturing and trading
failures, the liabilities were smaller than
In 1895.
While banking failures have not
ceased at rhe west, apprehensions about
them has almost wholly subsided, and
no serious influence upon general trade
Is now expected. Many sound concerns
were doubtless caught by the epidemic.
It Is felt at the west that all business
Will be the sounder after Its purglng.
and the return OF money to New York
has exceeded shipments to the interior
BY $2,o00,9o0 for the week.
Cotton started up shade, but receipts
from plantations are still too large for
low estimates. and the condition of the
cotton mills fOreshadow curtailment
rather than large consumption. The
market for goods Is extremely slow
1t is proposed to relieve the market by
selling quantities of print cloths abroad,
or by locking up 100000 pieces until the
market improves.
Prices OF wool are shade lower In
wooden goods the only change Is a reduc-
tIon OF TIC in clay worsted and mixtures
and orders are not more frequent.
Enormous prchases nf billets camewith
n rush most Of the large concerns con-
tracing for all they required for months
and even year 20 come, and some or
the largest contracts are said to have
been about Sl5 or even less, but there Is
aa vet no better demand for structural
work. Bars are weak. nails have de-
clined to 81 40 for wire and 81 30 for cut,
and little Is doing in rails, az possible
BUYERS think S25 IS too high with blllets
at SIS per ton. Nevertheless great
trade Is expected when relative prices
harOunp eRftipd