Evening journal., 1898-04-06
DUN'S WEEKLY REVIEW.

In spite Of foreign conditions since
the destruction of the Maine, Febru- |
airy Is, failures in three months are
smaller than in the first quarter of any
year since 1896; the ratio of defaulted
| liabilities to payments through clear
ing houses has been the smallest for
that quarter since 1881; the average of
liabilities per firm in business has been
| the smallest since 1880, and the aver
age of liabilities per failure has been
lower than ever before in any quarter.
The failures, aggregating 3,711 in num-
Der, and $33, ,40S,311 in amount, inciud-
ing those of bankers, number Of COM
mercial only 1857, and in amount only
| $31 ,421, and average only $500
per failure, the lowest in any quarter
of any year for the past twenty-three
having been sS,S66 in the third quarter
Of last year. The failures for 100000
OF more we're only AZ, the manufactur
ing in amount of liabilities So per cent.
less than last year, and trading SO per
cent. 1t is especially significant that
| the small failures for less than that
sum. without material decrease in
| number, were 29 per cent. smaller than
| last year in manufacturing, and "a per
| Ctuls SuidlttI III tIduluS.
The war cloud, which many have in
| ferred must have greatly increased
| commercial disasters, does not appear
to have any such effect as yet, ana
| while there is some decline in the new
orders for industries, nearly all live
works are covered so far ahead that
the difference is not felt. Rates for
money have advanced, and the per
cent. which used to be the ruling rate
in active times. again prevails. which
compels many spectators 20 liquidate.
But the imports Of gold. $21 100000
having been received thus far, with
S44. .40S 800 ordered in all, including So
s95. 800 this past week, go tar to pre-
| vent any real anxiety. Moreover, a.
though part Of the hypothecate1 eX-
change on Europe has been sold and
gold ordered against it, there is known
to be about $780, 900 more YET in the
| banks at New York and $l2,5O0,OOO in
other cities, against which gold is like
ly to be imported, because there IS
small prospect Of any better settlement.
3 It is admitted that unliquidated mer-
chandise balances against Europe were
far larger than bankers had expected,
| and March exports from New York 80
per cent. larger than last gear, in spite
Of 8 per cent increase in imports here,
| indicate a further merchandise bal
ance of about S23 100000 for that
month.
The outgO Of hreadstIfis CONTINUES,
| Atlantic exports being 2,516,22O bush
p | els, flour included for the wsekagainst
i21S5.37S last year, and Pacific exports
542. .147 bushels against 13S,2Ol last
! | year. and for the past five weeks from
q | both coasts the exports have been TO-
500. .917 bushels against S226 20G lasI
. year. Meanwhile corn exports have
| been for the week 3,767 ,029 bushels
| against 4,291 ,e21 last year All the
| speculative movements at the Wes
, | have been less influential ctan this
| heavy and continued buying OF grain
| andWestern receipts begin to fall OF as
II supplies were no longer unlimited
4 Wheat has declined slightly, but corr
has advanced one quarter cent for th'
1 week. and no one imagines that for
d | ign troubles can check the outg0 Cot
4 ton has advanced an eigth because O
, the idea that production may be re
e duced. although receipts from planta
r tions thus far have been greaNter b!
d about 900 bales than in 1898 from
:, ne largest crop ever raised. ana WINK
d ne mills are now nearly all active IN
Is consumption does not exceed the max.
q mum.
t The smallest sales Of wool Tor man,
le years are reported at Boston, and
as he three chief markets sales nave pee
le ,nly .466 800 pounds for the week, m
Of 4 obout a fifth of last years for the quar-
.er The stocks held by manufactures
have evidently been much greater ina
anybody supposed, and they are nc
IN | vet buying after several months
II -, NV 1iunnCifin
a. | 20 buy, though nearly all their work
of l are running full. Prices Of wool ar
d. in all markets only nominal, thoug
nj L there are sales at concessions. IN
al / demand for boots and shoes cOntiI
n l les. and shipments have been 10 p'
All Il ,ent. larger than in any other year r
ed | the quarter. and per cent. larger K
&c l March but after the eXtraOrdinaI
es Il buying OF late the new orders are lin
IN Il ted leather is in very small deman
as L and hides at Chicago have decline
re II about s per cent on the averag
We L money to carry speculative ventur
m. 1 indefinitely being unattainable.
The iron and steel market shows ]
decrease, for with works fully emplo
-, L cd. and some additional works put in
ybt i operation for government purpose
sn' s Mig is not lower anywhere, and at Pitt
burg a shade higher for Bessemer, b
cause of agreement by Valley pr
ducers, while without agreement
II Mesabi mines the purchases of ore
OF Cleveland were over million tons
or the week. Billets are still scarce, a
the sheet bars in demand, though vi
ms ~ods are lower and wire nails g
OF weaker in spite Of the imperfect co
ded - -------------------
SKIN ERUPTIONS CURED FL
II 35c.-Eozema, letter, Salt Rheum, 81
80 LII al Itnln inc md hllrninar 81