The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-07
LARGE N COMPARISON
With Previous Best Years are
the Quarters Failures.
BUT BUSINESS Is LARGER
Good Points in the Majority
Distribution Is Better

New York, April 6.-R. G. Dun's weekly
review OF trade tomorrow will say: Only
twice in twenty-five years would such
failures as those of the first quarter OF
1900 have seemed large. They are large
compared with last year and with 1898,
and would have looked larger in 1883. The
amount Of liabilities, s56,6T,O55, includes
81, Isl, 900 for the United States Flour
Milling company and 81, 4s2, 4S2 for sixteen
banks and other financial corporations,
leaving 1884 commercial failures with
| $33, 022.572 liabilities Actual defaults in
! manufacturing are smaller than IN the
hrst quarter Of any other year except
1888 since classified failures began, as are
trading liabilities. and while Massachu-
setts and New England failures have
been larger than in the first quarter of
any other year since 1894, reports from
other states and sections are mainly
smaller than in other years excepting the
last. In the southern and Pacific states
the failures were smaller than in the
same quarter of any other year. It is ex-
cepuona1 and not to general conditions
that any increase is due
Quarterly reviews today show that out
side the immediate effects of stock specu-
laton and industrial consultations, the
volume Of business has ben larger this
year than year ago. At that time the
extensive rise in wages which followed
coIhplnanon in many cases had not yet
taken place and the purchasing power of
Inc people was smaller than it is now.
Very many of the usual spring demands
Tor higher wages have been granted, or in
part granted by compromise, so that no
more than the usual hindrance from that
source now seems probable. But some of
the disputes threaten to last for some
months.
little increase in foreign exports of
wheat from Atlantic ports, flour included
z'zoS'5Z2 bushels, against 2074, 769 bushels
last year, served as occasion for a little
RISE but the gain was lost later and the
week closes unchanged. Pacific exports
were I025,1S bushels, against S92. s7s
bushels. Corn exports, 1886, 915 bushels
against S,4l24s0 bushels last year, for the
while receipts were over a million BUSH
els larger than last year, but the price
rose L l-2 cents. While supplies remain
ing are comparatively small. slight |
changes in movement affect prices much |
This fact rather than any change in no. |
sltion or prospects must account for the |
fall of cotton to $50 cents and its later
rise to 9.75 cents, with insignificant |
change in options.
Change has come In cotton goods this |
week, though dealings for the future are |
Business in wooIens is also |
somewhat unsatisfactory, with cancella- |
lions comparatively numerous and orders
smaller than were expected. The sink
Ing in prices of wool continues, from -
to a cent more having been conceded this
week to effect sales of considerable
blocks, but sales for the week at three
2hlef markets have been only 1888, COO
pounds and the absence of enanufactur-
9rs from dealings still has its natural eff
feet. The rise in sole leather has helped
OF boots and shoes to
hold prices, but not to get more orders.
which are much smaller than in previous
years.
The steel sheet consolidation, with
President McMurty, of the Apollo
Works. at the head, promises great i'm
If this, the Tin Plate, the
Hoop and the National Steel works make
alliance with the Carnegie company, as is
exported the whole industry will sooner
n later be affected. For the present no
change appears in prices of pig, and only
ipb f1xr x-fo1
o secure more business. But many new
contracts are reported, including one
Of rails for export and the sit
lation is generally more hopeful.
changes in minor metals are not impor-
ant though copper grows steadily
stronger, with exports of 17,119 tons from
My three ports this month. The output
# coke continues much the largest ever
-nown.
Failures for the week are 159 in the
United States, against III last year, and
in Canada, against II last year.
BRADsTREETs.
New York, April 6-Bradstreeps to-
morrow viii say: Favorable features con-
-inue in the majority, in the general trade
The hopes for the advent of j
'eaSoh2oie spring weather have been
called and nearly all markets report an
distribution at retail. This, as
explained heretofore. is really the key OF
he general merchandise situation. The
situation is a rather spotted
me. April /, instead Of May l. seems
o have been fixed upon as presenting
lew demands IS % wages and hours
While many thousand men are directly !
n Indirectly involved in the Chicago =
building trades strike and several thou
and are out in the coal industry in the :
district most Of the building +
rade strikers in other cities have gained 2
heir demands, and the machiuists' strike r
[ Chicago, which was regarded as threat {