The age-herald., 1900-04-14


 Failures in the Dominion of Canada for the week number 35 as compared with 25 last week and in this week, year ago, 27 in 1898, 30 in 1897 and 34 in 1895.
 FINANCIAL REVIEW
 New York April 13.-Bradstreet's Finan- cial Review tomorrow will say:
 Last week developed tendency on the part of the railroad stock list and leading industrial stocks to move with more or less independence of each other In the present week this has become pronounced, decided buying strength in certain active railroad stocks failing to check the heavy liquidation in the steel stocks, while the latter movement seems to have little re- latiOn to developments in other parts of the market. The local traction group also contributed to the irreguarity of the situ- alton by developing measure of strength on their own account When the stock exchange adjourned on Thursday it did so not to resume business until next Monday, Saturday of this week being added to the usual holiday on Good Friday. The quo- tations for some of the more active rail- road stocks end the week higher than they were on last Saturday, while many indus trials are decidedly lower.
 The week has been marked by further falling off of outside orders and business stiO py lHCTedSeQ GVluenceS or man1Dula- tion, while London, which was inclined to be dull, in view of the nearness of the holidays and was also affected by the less promising aspect of the British operations in South Africa and by the increasing firm ness Of money, showed an inclination at times to sell the stock it had bought here. Americans however, continued to be a leading feature in London, and European buying was again somewhat in excess of the sales ascribed to foreign interests Our market has, however, begun to notice the Strentgh of exchange rates and the ster- ling rates are still about 1ac below the level at which gold exports found circu- lation In fact, $50O0OO in gold is going rom New York to Buenos Ayres on a London order
 It IS realized that the relatively firm money market at London and the prospect or further ease here in regard to loans and interest rates may well result in the transfer or considerable amounts of capi- tal rom New York to Europe Here the financial situation is certainly not adverse to the stock market. The decrease shown Tn last Saturdays bank statement had no erect and the gains of the New York banks from the treasury and the interior promise to result in favorable statement today, in spite of a presumable increase in Wall streets borrowings. Offerings of funds on call and time are more freely made and the confidence in the financial position which asserted itself after the currency bill was passed and the govern ment refunding plan put in operation Is unimpaired.
 Continued increases in railroad earnings and fair if not favorable crop prospects have aided in giving railway shares their strong tone. On the other hand the fact that the iron and other trades still enjoy uninterrupted prosperity did not seem to bring support to the industrial group, the e.3~ @l
 the specially weak feature. It would seem that this is due to the forced liquidation of holdings of the common stock of such companies. brought by the growing doubts which have lately been exceeded regarding dividends on that class of the shares of several companies.