The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-01
WEEKLY TRADE REVIEWS.
Effect Of the Big Bank Failures on
the Market.
BUSINESS REVIEWS FOR THE YEAR.
Than in Any Previous Ycnr Ex-
ccpt 1SO3-The Conditions.

New York, December 31.--R. @. Dun
& Co.'S weekly review OF trade will say
tomorrow: There have been more CONNER
cial failures in 1896 than in any previous
years except In 1898; about 1880, against
1897 last year. with liabilities OF about
$225 000, 900. against $173.l9e. $50 last year,
un increase In number of about 1876 aud liza
bilties Of 20 per cent. The holiday makes
It impossible to give exact figures until
next week. but tho monthly returns hcic-
toforc prepared show that sac. 00o,0 900 over
last year was In two months. August and
September, IN which manufacturing liabil-
tiles were Sic, GOO 900 larger than last year.
trading $4,000. 900 and brokers and other
companies $40 300 900 larger. OF the lat
ter class si1 oil ,4l6 out of about SIS 900 900
were in these two months.
The ratio of dcfauitcd liabilities TO
clearing house exchanges was s4.37 per
500 against s3.25 last year. and So SO In
1893.
The exact statement by the States and
by branches of business will be given next
week.
| For the first time monthly statements
are also published for the last quarter OF
| the panic year of 1893. showing commercial
| liabilities $4,000 900
| The year closes with On epidemic or
failures, mainly at the West and In banks
| and loan and trust companies, or con
Germs dependent on them. The action or
! the clearing house In various places indi.
| Gates no want of confidence aud several
| f..l l.s. Ia l.l
to pay In full. but disclosures Of unsound-
ness in few widely known institutions
! in the abnormal state OF feeling after m
! exciting contest in monetary issues has
caused dlstrust and suspicion where IL ~
| frequently underostimatcd. There has been
no monetary pressure 20 cause trouble nor
| have important Western products declined
in values. There evidently has been TOO
| liberal assistance given by some judiciary
concerns to speculative operations. No
drain on Eastern funds has resulted slnco
| the first alarm at large and the money
sent has all returned. Failures often grow
| more frequent as annual settlements APP
proach Holiday dulness has been inten-
sifiod by the failures and the efforts OF
great combinations T. make new arranse-
ments.
With corn. coke. wool cotton and hides.
all somewhat lower there Ia almost uni-
yersal confidence that business viii soon
become larger and safer than before Tor
a long time and revert large establish
ments. among them the Yonkers Carpet
works. which employs 1000 hands. and the
Maryland Steel company. Will now start
operations. Cotton mills have enormous
stocks of unsold goods In some times, the
surplus of print cloths being the largest
ever known md about onc-fourth or q
years consumption. Wool sales decreased
"a per cert in the first four months ant
, were emaller than for five years. dc
/ creased 90 per cent IN the second toui
months. when new wool was coming for
; ward and were much tho smallest ever
known except in the panic OF 1873, bu'
enormous sales. mainly speculative. mad'
the aggregate during the last four month";
nearly 3 up to the total OF last year.
Wheat has risen to tho highest pom
since June. 1892, because Western no
CENTS in five months have been but IL,
l 26O.O 900 bushels against 22,GO6,377 las
year.
l Atlantic exports (flour included hav'
been in five weeks 100000 against 49,
6l3.2 49 last year. The exports from New
York in December were per cent large
and imports IL per cent smaller than las
- year.