The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-01-09
Confidence in Better Things Despite
y. Sporadic Failures.
INCREASE Of Il PER CERT. III fA|tUREs.
Holiday Hh'lness Intens Elicd by Faii-
,irrs-Whcat the Highest Since June
-Der-case IL Atlantic Gxports--No
Monetary Pressure.

Il. e. Dun & Co.'s. weekly rcyiew Of
trade says: There have been more
commercial f,.il;lres in 1896 than in
any previous year, except 1893, about
Il, $50, against 1857 last year; liabil-
tiles Of about 1926, 0Oo,O00 against
$l73, OOO,0 900 last year, an increase in
number of about II per cent and. il
liabilities Of 20 per cent. The holiday
makes it impossible to give exact zig.
ures until next week, but the monthly
reports heretofore prepared show that
the S36, 900, 900 Of the excess over last
year was in the months Of August and
September, in which manufacturing
ljNhilitief were $l5, 900, 600 larger than
last year, trading 9l0,10Q,OO0, and
brokers and other commercial slO,-
100000 larger. OF the latter class
81, l,416 out of about $3,6OU,O00
were IN those two months, Of the man.
ntacturins class $24, 9l0,35G out of
abont sos, 100000 in the whole year
were in those two months, and
Of the trading class s2l, $751;
$50 out Of about S1OS, 500, 600
in the whole year The ratio of de-
faulted Liabilities to clearing house OK.
changes Was $4.37 per 81, 600, against
S3.25 last year and. So s. in 1898. The
average OF defaulted Liabilities PEI firm
IN business was $3.50. 81 against Sl45. 90
LAST year and $290.G5 in 1893. The
exact Statement by the States and by
the branches Of. business will be given
next week. For the first time detailed
monthly statements are also published
icy the last quarter OF the panic year
1879, Showing commercial liabilities
amounting: 10 S64, 900, 900. The year
cioscs,with an epidemic of failures,
manly at the West and in banks, loan
antl trust companies or concerns de-
pendent on them. The action of clear
ING. houses III various places indicates
nc want of confidence and several
banks which have failed will be
enabled to pay in. full, bu.
disclosures Of unsounaness III
q few widely known institutions in
the abnormal state of popular feeling
after an exciting contest on monetary
ISSUES. has caused distrust and suspicion
where it frequently undescrvcd. There |
has been no monetary pressure to cause
trouble nor have important Western !
products declined in value. There has /
evidently been too liberal assistance
given by some Judiciary concerns to
speculative operations. No dsain on,
Eastern funds has resulted. since the
llrst alarm at two large failures and the
money then sent has all returned. !
Failures often grew more frequcntas
annual settlements approached. Holi.
lay dnl]ness has been intensified by
The failures and the efforts of great
nominations to make new arrange
nents.
Wheat has raised to, the highest
point since June, 1892, because West
'rn receipts in five weeks have been
out l3.2s0,0o0 bushels, against 3d.
'06,3G7 last year. Atlantic exports,
lour included, have been in five weeks
100000 bushels against 1868, 249
asst year. The exports from New
(ork in December we're per cent.
arger, and imports - per cent. small.
r, than last year.