Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-01-09
A UNIVERSAL CONFIDENCE
That Business Will Now Commence
to Improve.
Favorable Reports From Trade Cen,
ters-Heavy Exports OF Flour
and General Merchan-
Large Orders.
New York, Jan. 2-Bradstreets

New York, Jan. 2.-Bradstreets
today:
General trade has been rather more
quiet, and this week proves one of the
dullest OF the dull season which has fol-
lowed the fortnight Of revived demand
early in November. The uneasiness last
week caused by Northwestern bank fail.
ures is continued by similar embarrass.
ments at Chicago and Minneapolis.
These bank failures seem to be the out
come Of conditions originating in the
banks and not due to the situation of
general trade.
Unreasonable weather, the marking
OF inventories and the customary abb
sence Of demand in wholesale lines. have
combined TO produce more than the usu-
al holiday dullness. More favorable re-
ports include heavy exports Of flour and
general merchandise from Tacoma 10
China and Japan, the receipts at Chi
cago OF a satisfactory amount Of orders
for dry goods for spring delivery and an
Increased total volume Of business in
1896 among st. Louis o manufacture
ers and jobbers Of dry goods as COM
pared with 1895.
Exports Of wheat, -four included as
wheat, from both coasts of the United
States amount TO 2,707, 1913 bushels, as
compared with 2,1l1,00O bushels last
week, 3,475. 900 bushels in the week 4
year ago, 1874, 900 bushels two years
ago and with 2,026, 900 bushels in the cor
responding week OF 1893. Exports of In
dian corn this week amount TO 1856, 1874
bushels, against 2,46S, 900 bushels last
week, and 1893, 600 bushels in the week
a year ago. Total business failures III
the United States in 1896 in which liza.
bilities exceeded assets number 15,112,
an increase of 10 per cent over 1895,
when the total increase, 2 per cent COM
pared with 1894, in which year failures
fell off Is per cent from 1893, when the
total was IL, $50, the largest on record.
Total liabilities of those failing i'm 1896
amounted to S247, 900, 900, So per cent
more than last year and 81 per cent
more than in 1894, being exceeded only
by total Liabilities in the year 1893
$402, 900, 900. The ratio Of assets to liza
bilities among those falling in 1896 was
60 per cent, an evidence of an unusual
ly high rate Of mortality, which is eX-
ceedcd only by the corresponding eX-
hibit for 1893. The commercial rate
was in 1896 l,4l per cent, by which 1t Is
meant that l.4l of every 100 individuals,
firms and corporations in business last
year failed. This death rate was ex-
ceeded only by that in 1893, when it was
1.5l per ccnt. In 1895 the commercial
death ate was l.23 and in 1884 1.2l per
cent.
There were 2.179 business failures re-
ported from the Dominion of Canada
for 1896, an increase of 1903. The larger
proportion of the gain is accounted for
by an increase of 1870 business failures
in ontario, t~wenty-one in the Province
of Quebec and forty-one in Nova Scotia.
The increase of about IA per cent in
the number of business failures in the
dominion is accompanied by a gain OF
only Z per cent in aggregate liabilities,
which In 1896 amounted to 16, POS, 900.