Barre evening telegram. (Barre, Vt.) 1898-19??, 1900-04-07
Big BUsI NESS.
Wheat Gains "a Little In Price Owing
to Foreign Exports. While Corn
ShOAs an Increase of
Three Cents.

New York, April 1.-R. 6. Dun & Co. s
weekly review of trade says:
Only twice in % years would such fail
ares as those of the first quarter of 1900
have seemed large. They are large com
pared with last year and 1S9S and would
have looked large in 1883. The amount
Of liabilities. $56,G1 ,051, includes S21.-
161 GOO for the United States Flour Mill
ing company and s., 1872 ,4S2 for III banks
and other financial corporations leaving
2,S94 commercial failures, with S33 ,022.
512 liabilities. The treatment of the
Flour Milling company rs hnanclai
rather than manufacturing corporation
is elsewhere explained, hut it suiices to
say that without stopping Il single wheel
its inclusion would have increased manu-
facluring defaults 1JS per cent. Actual
defaults in manufacturing are smaller
than in the first quarter of any other
year except 1899 since classified failures
began, ns are trading liabilities, and
while Massachusetts and New England
failures have been larger than in the first
quarter of any other year since 1894, re-
ports from other states and sections are
mainly smaller than in other years eN-
cepting the last. In the southern and
Pacific states the failures were smaller
than in the same quarter of any other
year.
Quarterly reviews today show that out
side the immediate effects Of stock specu-
lation and industrial consultations the
volume of business has been larger this
year than Il year ago. At that time the
extensive rise in wages which followed
combination in many cases had not yet
taken place, and the purchasing power OF
the people was smaller than it is now.
Very many of the usual spring demands
for 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.
The Wheat Market.
A little increase in foreign exports of
wheat from Atlantic ports, flour includ-
ed, 2.26S,622 bushels against 2,OI4.I69
last wear, served us occasion for little
rise in price, though the close is only II
quarter of cent higher for the week.
Pacific exports were ,02J. 125 bushels
against 392S1G last year. Corn exports,
3,69J91J bushels against 3,412,4SO last
year, for the week showed not much
greater gain, while receipts were over
1,OO0O00 bushels larger than last year,
but the price rose 3 cents. While sup
plies remaining are comparatively small,
slight changes in movement affect prices
much. This fact rather than any change
in position or prospects must account for
the fall of cotton to 0.56 cents and its lat
cr rise to 0.75 cents, with insignificant
change in options.
No change has come in cotton goods
this week. though dealings for the future
are hindered. Business in woolens is
also somewhat unsatisfactory, with can
cellations comparatively numerous and
orders smaller than were expected. The
sinking in prices of wool continues. from
half IL cent to n cent more having been
conceded this week to effect sales of con-
siderable blocks, hut sales for the week
at the thrce chief markets hare been only
3 g:33, 600 pounds, and the absence of
manufacturers from dealings still has its
natural effect.