Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1898-01-08
DuN,s REVIEW OF TRADE.
The Past Year Best Ia .wn as to Effect
of ailures.

NEW YORK, Jan. 8-R. G. Dun 81
Co.'s Weekly Review of Trade issued
today says: In the failures 1897 was
not only the best year since 1892. but
ON the whole the best ever definitely
known. With 1929 failures, i'll num-
Der LIS per cent less than 1896 ana
$182, I'll defaulted liabilities, "a per.
cent less than in e9g, the years bank
ing failures counted for $2S, 249. 700, and
the commercial failures were but 49,
35l, with liabilities of $l54. 1872 OIL, ths-
average per failure being only $1l 800.
the lowest ever known, excepB in 1892.
But even in that year the failures DUR
ing the last half averaged liabilities OF
$l0.477 per failnre, while in the last
half of 1897 the average was only SO, 593>
The returns by branches Of business
show that in 10 out of 20 classes, the
failures were lower than in any pre-
vious year of which there is record.
with especially large decrease in the
great number of unclasslfied manufact--
uring and trading failures. Moreover.
the year showed remarkable decrease,
as some other prosperous years have
shown III comparing the second with
the first half. The new year began
Will QlSdppO HtIlCAb LII oPOCuld0Olo LIZ
stocks and gram. which is not a bad
sign. Prices of stocks have gained
little, after yielding at first and close
Is cents per share higher for railroads.
and 81 05 per share higher for trusts.
Wheat declined "a cents, owing to
the termination of the corner at Chi
cago, and western receipts were about
double last years, with Atlantic ex.
ports, :, S40,3l6 bushels, flour included.
against 2, 150.909 bushels last year. A
speculative estimate makes the guam
tity still in farmers hands 40 per cent
IF the crop, which is quite possible, but
the consumption and exports In half
the year ought to take more than 40
per cent of the years supply. 4 fleet
of vessels is reported at Baltimore, or
on the way thither for wheat. Exports
of corn for the week fell below last
years although western receipts are
unusually large, and the price fell but
three eighths of cent.
The consumption of wool has for
about five months been the largest ever
known, and the buying indicates, as
does the demand for such heavyweight
goods as has been opened, that a salts
factory half year is expected Prices so
far paid are said to be from 20 TO 30 per
cent higher than year ago, with wool
from 90 to so per cent higher
The iron manufacture has been fur
ther encouraged by unusual business
for the season, Including a large
building contract made and others for
bridges pending at Chicago, a sale of
$4,000 tons of pig to one pipe foundry,
at the east, and contract for two yes.
sells of 5000 tons each at Cramps
yards, and contracts for $500 tons of
hoop at New York, the 900 for Mexico.
Prices are generally unchanged,
though eastern works have advanced
structural beams cents to LIS. Pig is
unchanged, with fairy large sales.
The coke output continues heavy and
the output of anthracite coal was H..
200 tons III 81, though the consump-
ton was about ?, 800 900 tons smaller,
and there are sales at So. 50 per ton
higher.
Failures for the week have been 32s
III the United States, against All last
year. and ~ in Canada. against 81 last
year.