Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-01-02
'IONEHEALTHY
Stability Of Trade Boom Re-
vealed by Fewer Failures.
FIGURES ARE COMPARED
Number Of Failures for 500 Less Than
In Any Previous Annual Period
Since 1888, Says n. G. Dnn's
Weekly Review.

+ SAMSO Aocos SAy1 -. sSs DuAA'D
Weekly Review.
4 New York, Dec. 3O-''No correct re-
port of failures in, 1899 can be made
until the year has closed. A collapse
OF speculation in copper stocks has
swelled the aggregate at Boston alone
over $1s,0O0,OOO within a few days, and
might yet add to the record. The fail
ures thus far reported are fewer in
number than in any year since 1883
and smaller in amount of commercial
liabilities than in any year since 1881.
THE aggregate of defaulted liabili-
ties is siao. 100000, but nearly two
thirds of the banking liabilities were
added within a few days, the aggre-
gate reaching about sso,9oo,ooo. The
commercial liabilities have been about
$e9,26O,oOO, though returns for few
recent failures are not yet obtainable."
Average Liabillties Small.
R. g., Dun s. Co, IS Weekly Review. of
Trade, Issued today, begins thus and
continues as follows:
defaulted liabilities of $81 1856, 1892, and
1880, with $65752,o 200, have failures
been as small since the agency COM
menced quarterly RETURNS in 1875. The
average of liabilities rSfailure is less
tina S., 800, the smallest in any year of
the twenty-five, gratifying evidence
that commercial liabigities are further
removed than usual from the point of.
danger, .. s ~
The week.-Mrs. been exciting only at
Boston, where the failures growing out
of speculation and the efforts to re-
establish banks and firms suspended
have not gwen the wesk!a holiday char
acter. Iet general business is thor
oughly safe and prosperous, and no
important firms have failed, save some
which We're individually connected
with concerns involved iii speculations.
|, tFhe speculative TROUBLES come be:
cause the volume sof legitimate busi-
Isless, and the unprecedented distribu-
tStion; OF profits, interest and dividends
m;tde it mo lopgef possible stos carry
some stocks on borrowed money. Pros.
perity itself placed a check on specula-
tive ventures. ~
Cereals Hold Their Own.
Wheat and cotton speculation has
taken holiday, prices scarcely vary
ing, and the movement of both is sur
| prisingly, small. Atlantic exports of
wheat, flour included, have in four
weeks been only s,,a7s,61si bushels,
against 10, s74 ,5s7 last year, and Pacific
leXports 3,314,2T1, against s,s56.sos.
The corn exports continue about as
large as last year, but cotton exports
this month have been less than half
last years, with some decrease in taxi
fings of spiuners. Accumulated stocks
in mills and markets both here and
abroad are. SO large 'Shata there's is no
haste to pay the prices asked. 80
The industries are closing the most
extraordinary year of their history.
1 Long established branches have under
gone a yeritable reconstruction, vastly,
Increasing their capacity, while new in
dustries (which scarcely existed a year
or two ago have enlisted vast capital;
altered nlodesfof business and produce
ton in almost every direction. and im4
proved conditions, for the future al
lsmost beyond calculation, Electrical de-
yelopmentsl in light, heat and power, il;
making cataract work, Performing
wonders in production of materials and
| providing transportation all over the
land, deserve especial attention.
4 Years Grentest Features.
For such reconstruction the increase
| in demand for iron and steel products
| is the great feature of the year. With
415,733 tons unsold and 243,516 pro-
| ducsd weekly, Jan. l, hindered by Sc
we're weather SO that the output March
| l dropped 5000 TONS, but expanding
in every month afterward, the indus
try is now producing about 100000
tons weekly, and unsold stocks are
reduced to 122, 023 tons, and yet orders
untitled will requires six to nine months
work from the most of the establish
. ments. Prices have not changed the
last week, though demand for some
products improved a little. The aver
age of prices closes 1893 per cent high
er than Jan. for pig and 1925 per
cent higher for products.
/ Industries which depend on individ-
ual consumption, have gained less,
though more than population. Con-
.sumption of cotton has been larger
than ever, with an average advance OF
29.5 per cent in prices of goods,
COtiou WIS lOI4 tillle pST
cent and is now 20 per cent higher
than Jan. 1.
4 Wool has been raised by speculation
IS per cent, but has been very largely
lconsumed, with great demand for
| goods, which have advanced but II per
cent. Stocks now held are said to be
157,39S.s79 pounds.
I OF boots and shoes the east has
shipped 100000 cases, or o per cent
more than last year. and 27is per cent
more than in 1892, but prices have adj
vanced only about II per cent since
Jan. /. In all these products trade
shows a continuing strong demand, al
though quiet in the holiday week.
); Failures for the week have been o21
!, in the United States, against 252 last
!, year. and s5 in Canada, against % last
year.
A dollar draft in every box, says that
it must cure You. If you have Kidney
and Bladder trouble, Liver trouble and
Impure Blood. Stomach Trouble and
nvcna,,csn ~ l.,