Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-02-04
Failures in January Were Smaller
Than Any Recent Month.
a BIG JANUARY TRADING.
Ncry strong Market for Cotton Goods
isas Prevailed sales Of wool
Fairly Large.

New York, Feb. ar. q. Dunn & Co.'s
weekly Review Of Trade will say tomor-
row; Failures In January were small
er than In any previous month except
August. isls. and July. 1897. and the
proportion NJ solvent payments 10
clearing house exchanges II smaller
than In any other mouth Of which
record exists. In January they were
hut % cents per 1900 clearing HOUSE
Payments, ana the smallest, in any pre-
vious month had been about si.oS pet
1900. Tho dcfauisd liabilities worr
E5siS21. against Sio.t5i.5i5 last year
o. dtcrcaec " 90 per cent and IS per
cent smaller than IN 1897. o, per cent
smaller than In 1890. 80 per cent smaller
than In 1875. ana 80 per cent smaller
than In 1887 The manufacturing fail.
urcs were tho smallest excepting Au-
gust, 1895
There were only seven failures Tor
100000 ur more. aud the average ~ Ia.
hilitlcs IL smaller than In january Of
any other year, and the small failures
arc not only fewer In number. hut
smaller In average liabilities than In
amy previous year. Considering that
January is usually one nf the largest
months ~ the year IN failures. the re-
turn IL surprising. us well as cncourag-
ms.
The volume ~ business In January
has been far beyond all proccdents
Exchanges through clearing houses
have been 10 per cent larger than last
year, 0nd ia,i larger than 1889. and
while speculation In stocks az New
York materially Increases the volume
" payments, II was larger outside this
city by aa.i per cent than 1899. II "
pertinent to note that the remarkable
expansion In the agEreTnt" " business
payments corsfH In spite NJ a material
decline In prices during the past seven
years pa great that the payments 81
tS2.O0O.0l0 would cover about ~ much
business Ms payments ~ 100000, 600 In
iS92. II II not strange that European
exchanges are disturbed and alarmed
and u rise Ia sterling. even when gold
~ being shipped this way Is one ~ the
Interesting IT, Tres, II IL commonly
tHcribcd To- recent sales of stosks On
European accounts, but a would take "a
million shares NJ ordinary prices to
cover one months merchandise bal
anccs. Europe Il not buying enough
TO cover It's accommodating excess OF
merchandise exports over Imports.
'''rhc most remarkable feature Of the
week has been the decline OF &C. In
wheat. with only &c In corn and only
i-iGc IN cotton. The government esti-
mate uf III" wheat crop, Gi5. 900. 600
bushels, has more influence than any
other from that source for n number
of years. but II N recognized ~ the re-
salt ~ great efforts To- get nt the truth
and " therefore considered about the
lowest estimate admissible. with or
binary consumption and present ex-
ports of iio.ooo.ooo bushels from the
crop Of 1895. -four included. there viii
be- less than 100000. 900 bushels for re-
punishment ~ stocks. for farmer
holdings and for exports In the next
i've months, ana the exports OF t.9i2. iC0
bushels. Hour Included. from Atlantic
ports. against 3,0pt.hi7 last year and
i.lsi.eni frum the Pacific ports. against
1850 last year. besides 800. SIS bushels
from Duluth and Portland. Me-. show