The star. (Reynoldsville, Pa.) 1892-1946, 1897-04-14
DUN'S TRADE REVIEW.
A Cheerful View of the Situation There
Will Bs No Scarcity of Whea.

Out OF OF ,00G failures with liabilities Of
SEQ, 1852, jGi in the first quarter, "a banking
failures covered more than fifth of the
amount, S12, IA, 60, and 3345 failures with
liabilities of 535, ,0i7, 500, or nearly three
ilfths, are classified this week according to
branches Of business, leaving only 5s7 fail
urcs aud less than n fifth OF the liabilities 3.
S12,0G0,0l9. In branches OF manufacture or
trpnc not specified. Only two OF the thirteen
trading classes and only four of thirteen
trading GLASSES show liabilities for the quar-
ter larger than last year, and only five manu-
featuring aud three trading show larger
average liabilities. For the month Of March
only three manufacturing and foui trading
classes show larger amounts than last year,
and only two manufacturing and 1--WE trading
show larger average Of liabilities. In al
most every cnse also, IL Is shown that the
increase Is due to one or two exceptionally
large failures In that class. The returns
compared with those Of three previous years
disclose much improvement already, and II
bright prospect for more hereafter.
sudden collapse In the wheat market,
exceeding cents in "a day, appears to have
no other cause than u belated perception
that past acception and estimates OF yield
and consumption, official and other, have
been misleading. Floods and other un-
favorable weather for seeding have no
weight. Expectation OF great scarcity and
high prices burst like bubble, and for n
time the only support was the taking Of pro-
fits by spernlators for n fall. Receipts have
not warranted hopes Of great advantage,
nor DO they now warrant much cx xDectatiOn
OF decline Western receipts are smaller
than last year, and Atlantic exports not
lnrgc. though over 80 per cent larger than n
year ngo. Corn receipts continue heavy and
exports for the week were q, 1928 33I bushels
against i.li2,7iO bushels last year
The demand Tor cotton goods does not In
crease, although sales of FUR magnitude CON
tinue, but print cloths are dull. Speculation
in wool has been checked by the possibility
that duties may take effect April /, and some
large shipments from abroad have been
countcrmandcl, while traders here are less
disposed TO sell. But trading between deal
ers mnkes up more than half the sales Of
l2,739, 400 pounds for the week, and since
sales IN six weeks at three MARKERS have been
10, lGi, 600 pounds Il is not improbable that
many mills have. as Is claimed. n full years
supply. The demand for mems goods has
diminished. the first round Of purchases hav-
ing been completed by many buyers with re-
suits fairly encouraging and the demand for
dress goods, especially OF the lower grades,
has caused an advance Of per cent in some
lines.
The iron industry is hampered by the CON
test between Mesaha ore interests. which
prevent as yet any settlement OF ore prices
and lends many to expect further decline in
finished products. The Illinois steel works
the Lake Erie works at Cleveland and the
works of Oliver 4 Co. and Byers & co. at
Pittsburg are stopped by labor difficulties,
and some furnaces have stopped because the
production of pig had outrun the demand
for finished products, and heavy stocks re-
maincl upsOld