Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1898-01-07
4 WEST A BANNER SECTION
,sr YEARS REVIEW OF TRADE
,,eerding to the Report of the Mer-
.sntiIe Agencies the New Year Is
pu,I of Promise to Business Men
wheat Exports.

FuII of Promise 10 business Mel
wheat Exports.
New York, Jan. l.-Bradstreet's saws
hlowing series of years of alternat
mic stagnation, and slow and even pain
revival, 1897 presented large yolum
business, done as u whole at price
hrh, while not altogether satisfactory
suited in Il total of trade larger than il
n previous year since 1892. Tariff
Dnges restricted demand, but encoura pet
culation and heavy imports in the frs
1T of 1897; while the enlarged foreign
mand for American breadstuffs and TO,
me varieties of manufactured articles
ttered the condition of the American
mer, and therefore, business men quite
aterially in the latter part of the year
iee conditions have not favored the
athern producer of cotton nor the north.
n manufacturer of cotton goods. The
st reports come from the west, north.
ct and Pacific coast. Prices at the close
Re as whole on higher range than at
be opening, advances being made numer.
US in food products, raw silk and wool.
Ehle decreases are reported in raw cot.
bn and cotton goods, nearly all metals.
nthncite coal and petroleum. Railroad
interests share in the revival of prosper.
ID, with gross and net earnings LARGER
han any year since 1893, and the year
1893 opens with the business community.
Eth the few exceptions noted, in a cheer.
III frame of mind.
A heavy falling off in number and in
abilities of individuals, firms or CORPORA.
tOns falling was shown in 1897 from 1896
nd the four preceding years. The total
lumber OF failures reported to Bradstreet's
the year just closed was 1909, a de-
naSe OF 1000 failures and over Is per
snt from 1896, falling off of Is per cent
from the panic year of 1893, and de.
crease of more than 2 per cent1rom 1891,
year OF prosperous business, but of nu-
porous embellishments. Compared with
FSSO there was a gain in the numbers
FhoWn of about one-half of l per cent.
Fhlle compared with 1902 there was an
Increase of p per cent.
Liabilities of those failing constituted
ne of the smallest totals of recent wears.
mounting to only 1856, 10000, a de-
Tease of 81 per cent from 1896, of go per
ent from 1893, and of 10 per cent from
wi, but gain of AZ per cent over 1902.
ne least favorable showing is made by
le western states, which report increases
number and liabilities over 1896. In
ute OF depression in cotton prices, south
n failures and liabilities are smaller than
year ago. While the greatest falling off
reported in the west and northwest, the
scentage of assets to liabilities of those
ding in 1897 was 54.4 per cent, the
allest percentage since 1893, and only
Chilly above the normal. The CONNER
] death rate--that is, the percentage of
ks in business failing in 1897, was 2,
compared with Ia in 1896 and l.6 in
b.
Bank CIearings.
Those reliable indications of the bust
> situation-bank clearings-point to
E year 1897 as witnessing the heaviest
siness, both speculative and commercial,
sne since the record year, 1892, just
seeding the panic. The total clearings
IS cities for the year, one week esti-
ated, aggregated at least 500, 5000, 900,
sum larger by II per cent than the total
1896, year of silver agitation and an
hciting presidential election; s per cent
lrger than 1895, the disappointing year,
then boom in iron and kindred pro-
|ncts led to false hopes of business i'm
|Oyement; 25 per cent over the year 1894,
|hen the depth of depression following the
|nc may be said to have been reached;
per cent over 1893, the year of wide
|pread disaster in financial and CONNER
pal circles, and only I per cent smaller
|han the total of 1892, when the boom
blowing the large foreign demand for
american breadstuffs and other products
|ached its height.
Practically the entire gain in clearings
\ 1897 was concentrated in the last six
EOnths, and it is a significant fact that
be heaviest monthly total reported for
We years past was reported in the month
December. Gains were heaviest in the
0thwest, the middle and New England
Plates, and smallest in the south and
f@thwest, at the latter of which he trade
nnprovement was rather later in arriv-
fg
The total exports of wheat flour includ-
as ,wheat) from both coasts OF the
nted States and Canada amount to D.
fS0OOO bushels, or double those in this
'sek year ago, and 100000 bushels larg-
than last week.
Corn exports are slightly smaller, ag-
egating 4,Os6,OOO bushels, against a
SOOO bushels last week., and 2,742,ooo
lshels last year.
Business failures for the Dominion OF
anada and Newfoundland for the calen-
ar year of 1897 amounted to 1927, with
tai liabilities of $l3,2l9,OOO, a falling of
ID per cent in number and of 10 per
'l' In liabilities from year ago.
III