The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-10

NEW YORK, April S.-R. G. Dun 4
cos weekly review Of tFadO WIN Say:
Out OF 1905 failures. with liabilities
OF $sO,752,J61, in the hrst quarter -
banking failures covered more than q
6fth of tho amount, $ls,744.s5O, and S.S4s
failures, with liabilities Of 95,sALSss' or
nearly three-dfths are classified this
week according TO branches OF business
leaving only 6s7 failures and less than
n nth OF the liabilities, Il2,06O,o19, in
branches of manufacture or trade not
specided. only two OF the thirteen
manufacturing classes and only iouL OF
thirteen trading classes show liabilities
for the quarter larger than last year.
only five manufacturing and three traa-
Ing show large average liabilities.
For the month Of March only three
manufacturing and four trading classes
show larger amounts than last year, ana
only two manufacturing and tiVe trad
ing show a large average OF liabilities.
In almost every case, also, II 10 shown
that the increase Ia due TO one or
two exceptionally large failures In that
class. The returns, compared win those
OF three previous years, disclose much
Improvement already, and a bright
pTOSpeCI AOE A4VAS AAuPA
after.
A sudden collapse in the wheat mar
ket, exceeding three cents in day, ap-
pears to have no other cause than be-
lated perception that past acception
and estimates OF yield and consumption
official and other. have been mislead-
ing. Floods and other unfavorabla
weather for seeding have no weight.
Expectation of great scarcity and high
prices burst like q bubble, and for
time the only support was the taking
OF prices by spectators for a fall. Re-
ceIpts have not warranted hopes OF
great advantage, nor do they warrant
much expectation OF decline. Western
receipts are smaller than last year, and
Atlantic exports not large, though 90
per cent larger than q year ago. Corn
receipts continue heavy and exports for
the week were 3,323,337 bushels, against
1,1f2,710 last year, and against Atlantic
exports Of wheat amounting, -four In
cluded, to only 1,52l, l22 bushels, against
967,5 ,553 last year.
In spite OF foods, which must have
materially affected the prospect, cotton
has only advanced an eighth during the
week. The fate Of those who were abSo-
lutely certain that the crop OF 1896 was
very short has left but little confidence
for further speculation. Receipts thus
far still indicate supply OF American
considerably greater than has ever been
consumed in one year, but uncertainty
about the coming crop induces much
buying.
The demand for cotton goods does not
increase, although salea Of fair maEnl-
tude continue, but print cloths are dull.
Speculation IN wool has been checked
by the possibility that duties may take
effect April l, and some largo shipments
from abroad have been countHmanded,
while traders here are less disposed to
sell. But trading between dealers makeS
UP more than half the sales OF 1878, 400
pounds for the week, ana since sales in
six weeks at three markets have been
6,l64 600 pounds, It Is not improbable
that many mills have. as Is claimed.
q full years supply. The demand for
mems goods has diminished. the first
round Of purchases having been COM
pleted by many buyers with results
fairly encouraging, and the demand for
dress goods, especially Of the lower
grades, has caused an advance oe s per
cent in some lines.
The iron industry II hampered by the
contest between Mesaba ore interests.
which prevents aS yet any settlement OF
ore prices, and leads many to expect
further decline in finished products. The
Illinois steel works, the Lake Erie works
at Cleveland, and the works OF Oliver
& Co. and Byers & Co.. at Pittsburgh,
arc stopped by labor difficulties. and
some furnaces have stopped because the
production OF pig had outrun the de-
mand for finished products, and heavy
stocks remained unsold. Bessemer pig
at Pittsburgh brings only SO, and Grey
forge only IS IS, the lowest on record,
but no Quotable decline Is seen in dn-
ished products, and nails are StronG.