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SusNo. now Sus. No. now in or pendpend. in oned. eration STATE ed. eration. STATE. 5 132 Nebraska 29 1 Alabama 22 5 Nevada Arizona 2 51 N. H'pshire. 10 Arkansas 102 26 6 New Jersey. California 1 10 15 New Mexico. 38 Colorado 2 335 New York 84 Connecticut 23 1 N. Carolina 18 Delaware 3 % N. Dakota 13 Dist. Colum 2 241 17 2 Ohio Florida 5 29 3/Oklahoma Georgia 38 2 13 Oregon Idaho 213 3 Penasylvaia. 397 Illinois 59 3 Rhode Isl'd 115 Indiana 6 14 S. Carolina Indian Ter 22 40 28. Dakota 168 Iowa 3 51 6 Tennessee 136 Kansas 7 223 6Texas 81 Kentucky 3 10 20 Utah Louisiana 49 83 Vermont Maine 36 68 Virginia Maryland 10 269 Washington. 61 Mass'ch's'ts 30 2 101 W. Virginia. Michigan I 80 Wisconsin 77 Minnesota 12 1 I 12 Wyoming Mississippi. 3 76 Missouri 105 Totals 6 3,785 31 Montana "It is to be observed that in twenty one states and territories there have been no failures of national banks, viz: In Alaska, Arizona, Arkansas, Connecticut, Delaware, District of Columbia, Idaho, Indian territory, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and West Virginia. "It is further worthy of note that no national banks have failed in Boston, Brooklyn, Philadelphia, Pittsburgh, Baltimore, Washington, Buffalo, Cincinnati, St. Louis. New Orleans, San Francisco, Minneapolis, St. Paul and numbers of other great comme cial centers, and that but one has been closed in New York, two in Chicago and one in Milwaukee. The cause of the failures in New York and Chicago were due largely to mismanagement, as were numbers of others. Local scares have caused many of late to suspend. Nine of the banks named were robbed by officers who are now under arrest. "The following nation al banks have been au thorized by the comptroller of the currency to resume business: Gate City national bank, Atlanta, Ga: First national bank, Los Angeles, Cal: First nat ional bank, San Diego, Cal: First national bank, Santa Ana, Cal: First national bank, San Bernardino, Cal; the Southern California national bank, Los Angeles, Cal: Merchants' national bank, Fort Worth, Tex: Second national bank, Ashland, Ky.: Capital national bank, Indianapolis, Ind.: First national bank, Palouse City, Wash: Washington national bank, Spokane Falls, Wash National bank of commerce, Provo City, U. T.; First national bank. Cisco, Tex.; Missouri national bank, Kansas City, Mo. "Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an unwarranted lack of confidence in them. causing disastrous runs. From the foregoing the comptroller makes the following resume, showing that when the full extent of banking in this country is considered the failures are proportionately small: 3,785 Number now in operation. 105 Number failed since January 1, 1893 14 Number reopened 33 Number in hands of receivers Number in hands of bank examiners, with application to comptroller for resumption 58 NEW YORK, July 29.-R. G. Dun & Co.'s review of trade says: "The hardest week yet has left the business world still able to rejoice in the soundness and strength disclosed. No banks here or at other eastern cities and no eastern firms of large importance have gone down. but several banks failed at the west. But through all the strain the banks of New York have passed without trouble, and imports of gold have commenced. "From $1,000,000 to $2,000,000 in money has been sent west every day and a large decrease in bank reserves is expected, as the treasury has not been disbursing heavily. Chicago has drawn heavily on New York, but in that and other cities bank statements indicate creditable soundness. "Grain rose briskly on Monday, but all speculative markets yielded a little when tight money came and the slaughter of stocks. Wheat closed about 1 cent lower. though western receipts were moderate. Corn is a fraction lower, as are some hog products. Cotton has declined an eighth, though receipts are a little larger and exports smaller than last year, but holders show great stubbornness in view of the large stocks in sight and the closing of many mills. In other products no special change is reported, though prices tend lower. "Many wolten factories are closing for a month or more or indefinitely, because orders are slack, for while jobbers' orders are about as usual clothiers still hold off. Fall trade is said to be not more than a third of the usual, and many dealers expect to do no more than half the usual spring business. Orders for boots and shoes are restricted. Shipments from the east are 12 per cent. less than for the same week last year. "Failures during the last week number 386 in the United States, against 171 last year and 23 in Canada, against 22 last year. It is noteworthy that only three failures were of capital above $200,000 each and only ninety-nine of capital over $5,000. Over fifty banks stopped during the week."
