The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-06
Dun AND BRADSTREET'S
Little New Business Has Been Done Since
the Year Opened.
REvlSlOSS OF PRICES MAY DISAPpOlNI
Cotton Goods Are mt Highest Quota
tions of Last YeRr-Wbeat Moves
sluRRishly-Bank Clcnrines.

H New York January 5.-R G. Dun g. Co, $
< eekly review OF trade will say tomorrow
III ailurfs in 1899 we're 1898 in number, with
liabilities of sl23, ls2,6Ie. The last days Of
fhe year added few to the number and
kpme millions to the known liabilities Of
& rms and banks which have failed close to
9$he end, 80 that commercial defaults reached
s9soaTa $50, Of which $40, i921 ej we're In mann
x tScturing. sis,s24.TTi in trading and sil,i6-,
R&l in brokerage promoting and other coni-
Aipercisl liabilities
saNIost people in business have hcon SO occu-
n ied with the accounts aud settlement .. the
Frast year that little new business has set
been done. No new tendency In manufactures
cf in trading appears and less change than
Xas anticipated in the money markets There
~ nothing unsound in the business of the
& meat industries but an extensive revision Of
prices may disappoint expectations. Tho Lon
AEe notices "transactions OF magnitude IN
sfoundry iron which indicate that some sellers
arc willing TO make concessions to secure the
tfsde of good customers. but the wire AMI
steel companies have advanced prices Of wire
nails, barbed and smooth wire b = nts. Res
senier pig is not higher than ii was six woeRs
ago and steel plates have declined from IS &c
3 to 1925 at Philadelphia; bars at p'ttspurg
from s2.25 to s2.15 and sheets from s3l5 TO
f2.so, while the structural and rail producers
have held, but refused TO advance prices.
Some new business is reported. but pct
enough as yet TO Indicate the tendency. IN
TIM after fall from $500 TO ,35.0l prices
were raised to- $3.50 al London, and iu ,oppcr
sf6iO is quoted instead of $3.50 a month
asp ,,..o.,,,o, =, -, n,-,. ,,o.. :.
urH, In MI and chi 10 H. ut
asked on some for which $40 Was asked
and paid in November. The yielding in sides
ms hicago in spite of short receipts because
oE~arm weather has checked killing ty farm
Bottom goods are at the highest quotations
of31sst year with good demand. though cotton
has declined a little. But the goods we've at
no time advanced quite in proporuoa TO the
material. and are in that sense rushper now
thar a wear ago, Wooden g.ols Sro also
love with respect to Saol than year asc,
and some further advance has been expected,
Wool is strongly held. -housh full prices asked
! month ago can not he 'btlled
@ cotton does not rise tur'Gcr ha2ause rt-
4 ceirts from plantations have somewhat in
small towns have attracted attention. The
Southern mills can easily supply themse .ven
With large stocks from the surrounding coun-
try without passing the corsrn thr31sh. AZ =
market drawing II until IL "a wanted Many
bare done SO for their protection against the
ptiblislv announced combination last fall 10
lrd1fe PflCNts lnOSF rlllS consumer ldtt NtdV
400 ono bales, but are reckon5l as having
taken for this yesrs crop only $4,000.
Wheat sim moves very slusglshlv with
small change in prices, In six months Of The
crop year 90 o0o 600 bushsls, aour included,
have been exported, against 1928 GOO last
year Atlantic exports have ro@ falion 10
ONLY 2,02o,o2s bushels for ibe week, against
t.n4 go last year, and Pseiho exports we're
5S1,22S, against SASS last year The prize
is practically unchanged az u rs also for
corn, of which S,3Ss,ta5 bushels have been ~
ported for the week, against 5,o72il2 last
year.
/. Failures for the week have boon e53 for the
United States. against 4s last yea and % in
5Canada, against 2io last year.