The sun., 1900-04-14
Financial. !
Today's Bank Statement VIII
Likely Show q Cash Gain.
Of Over $5,O00,OOO.
ASSURANCE OF EASY MONEY

Business Suspended on All Domestic
and Foreign Exchanges, Be
cause of Good Friday.
Review OF the
Week.
Good Friday eing legal holiday tre
stock ard Trade Exchanges sptndtd d
busin, IS, although he banks and trust
companies in this city were open. The
same rule as tarlo@ed a. all the domes-
tic and foreign cenlies, aud H. the latter
points business viii nol tp "t.iHlfd .un-
til Tuesday, while III New \ I stop,
and Philadelphia, the Excha l5y, rsmaiia
closed until Monday morning
Meantime t,r New Nupk blhk ataie-
ment, in " hlch ,la stl4et'mapiirsts no
little interest, b,@3lle.qi the q.slg3tiptr
ment in last W., i ) showing, will ~ is
sued and sqpymEi J1p liz Way 4 -ipa tpg
the course of ffSe. Z III tile stock market
Monday. AS ~. tr have been i!g.abt
normal inf -, &; az work IN tip', last
four days. sn(n - the subscriptions u,
the New Ys,ft - ,,"ral stock issue and
the transfer ii s3,G00,0G0 by ole bank to
a trust company, the preliminary fore
casts are more Iihely to approximate the
actual results.
These indicate the banks have gained
on interior shipments, making tlie gain
| C,,h. a. MT ga 0D7 000 i.
suming that the loan account has been
contracted, and the stock market opera
tions suggest this, there ought to be a
substantial addition to surplus reserve.
WHAT part of the hypothecation of ex.
change bills against stock market loans
on foreign account will play on this item
enters the domain of conjecture. The
, difference in rates prevailing abroad, and
those on this side has led some European
houses'to carry speculative holding on
this side, thus through the process
: named, diminishing the supply of bills
! and expanding the loan account.
New York, April 13.-R. G. Dun
Co.'s weekly review of trade says:
Failures in the first quarter of loo,
were u 6 per cent greater than last yeai
and in March DIS per cent greater Suel
inctease might seem omnous withou
thet details, which reports by bfanche'
of busi,iess rive today. last years ex
paiision, Of SO 0O0, 100000 in business
or 3i3 per cent was too rapid for some
Millions rcapcil prosperits. but a frN
fhobsana renpedf disastert emily IN nv
yenrs Of the past six March failures nav
: been above the monthly average IN ma
It chlfniy and lumber manufacture ah'
!. building, and thrce large failures IN N ma
!. chilicry,' with fonf. in lunihcr and huhd
Il ing besides others i'll connecting lines
3 make up Il great part OF the lhefeas
10 this. wear and suggest hat building ma,
e have been pushed too far in lS'.'. omit
lie ting the 23 failures for S100.000 or more
!, thc rest in March were smaller. IN amonn
,r than in any previous year and in aycrag
IS liabilities per failure smaller than III an
le OF hci9 year but one.
h. Iron furnaces III blast April ! produce
i'd 2Sg,AS tons weekly against 2.G,t'i
Mnlrh /, but lnsold stocks increase
22SD tons. A mistaken Inference. POI
sibly fatal to many in its consequences
is that stocks held by consuming col
crrllsy must be. running DOWN., AS the
contract for their supplies months. .ahea
and such supplies, whether dellNere
and mot consumed or waiting their order
at furnaces, would not be 1eckoned
unsold stocks, the surplus owned by col
sumers sm,ty be heavy, for new busines
= in finished products is reported to ~
= Irons Age from Pittsburg as "frightfuli
ed sman,"I owing to the belief that hls
Nh nrices dannot be maintained. and no be
IN ter report comes from Philadelphia. Wit
he No. Il anthracite 81 lower refined ba
ro- S4 and steel plates $11 per ton low,
,hS, thanl in NDecembcr it can hardly he ga
re, ed impdssble fer PRICES, toSyiela. sthottle
ne many aEe so farl firmly held. .4'Ntsbui
10 10 repoRts III number of the plate mills sh'
ne dow6, and FIVE Pennsylvania and On
be furnaces have stopped, perhaps for !
re- re. nair4, more than balancing five whi'
Id 1 startfd iii March, two in Tennessee al
ing $500 tons weekly.
& Exports of staples.
TMs Enormous gain made exports
!, the Shiaf staples S1S,63l ,S53 greater
yalu& than in March Of last year, thou
decr6as9 occurred i'll other items. +
only II fSaction of the gain was in eott
shipiken$s from New York: leaving y
otheE great Increase here to be explain
by haliiifactured exports mainly.
spteHofitt the heavy balance due on M
Il
!. -. gold exports, and a small amount h
m gone toaBuenos .Ayres 'on European :;
count.
ers The exports of wheat from both cqa
lcil continue larger than last year, thou
'et, much of the gain is at Pacific ports. !
Mt. directly affecting Atlantic supplies. Flc
Ugh included, Pacific exports in two, wee
ex- have been 1.51S.2ai bushels, agail
ler 5t4 5G2 bushels last, yearc but. Allan
EFT exports shave been '3.912,So1 J busht
the against 3,960.3S0 last year. In spite
re- all reports of exhaustion Of supply and
'e jury to growing wheat western recei
no continue larger than last year, in I
ing weeks 6,7B4.640 bushels, against o,Sl
18th 6G5 last year. Corn receipts also G
ger. tinue heavy. S,91I,2dI bushels, agai
ted 4,63T .613 last year.
and Railroad earnings iii March on. Uni
we'll States roads alone and about half
was total mileage We're So2,944.GD, exec
his ing last years by 1873 per, cent those
On- 1909 IN, % mar rent and those of III