The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-08
DUN,s REvIfw Or TRADE.
Remarkable showing for First
Quarter of the Year.

Quarter of the Wear.
NEW YORK. April 7.-"Dun's Reyisw
today says:
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 1898, and
would have looked large in 1888. The
amount of labilitiess s5e677 O55 in cludes
S2l. .15l 900 for the United States Flour
Milling Company and s., ,492. .4s2 for sixteen
banks ana other financial corporations.
leaving 1854 commercial failures with
s3S,O22.572 liabilities.
Actual defaults in manufacturing are
smaller than in the first quarter of any
other year except 1899, since ciassined
failures began, as are trading liabilities
While Massachusetts and New England
failures have been larger than in the hTst
quarter of any other year since 1871, re-
ports from other States and sections are
mainly smaller than in other years eX-
cept the last. In the Southern and Pacl-
fc States the failures were smaller than
in the same quarter of any other year II
is to exceptional and to general conditions
that any increase is due.
Quarterly reviews today show that,
outside the immediate effects Of stock
speculation and industrial consultations
the volume of business has been larger
this year than a year ago
Foreign trade is just now of peculiar
interest In March there was slight de-
crease in imports at New York, While the
exports from this point increased for the
closing week 662 per cent. and for five
weeks GO per cent. To such exports,
s27. .SS4. .leS larger than last year in FIVE
weeks from New York. must be added over
ST. coo 900 for the greater value of cotton
shipped from other ports. so that IN ag-
gregate value of exports the months may
have surpassed all records.
Railroad stocks have steadily risen. the
average for sixty of the most active clos
ing 63 cents per share higher for the week
and a little higher than year ago, while
industrial stocks have declined on the
whole and closed more than sl4 per share
lower than year ago. The earnings of
railroads for the quarter have been the
largest eyer known in the first quarter OF
any year.
"A little increase in foreign exports OF
wheat. from Atlantic ports, -four included,
.. .26S. .722 bushels, against 2,014. 1863 last year
served as occasion for little rise, but the
gain was lost later, and the week closes
unchanged. Corn exports. 9,695.9l5 bush :
els. against 5,412 iS0 last year, for the week
showed not much greater gain. While re-
ceipts were over a mullion bushels larger
than last year, but the price rose l IL
cents.
No change has come in cotton goods this
week. though dealings for the future are
hindered Business in woolens Is also
somewhat unsatisfactory.
.eThe steel sheet consolidation, with Presi-
dent McMurty. of the Apollo works. at the
head. promises great Importance. II the
tinplate hoop and national steel works
make alliance with the Carnegie Company
as is reported. the whole industry will
sooner or later be affected. For the present
change appears in prices of pig. and only
slightly more yielding in, plates and bars
10 secure more business.
Failures for the week ase 15S in the
United States. against 141, last year. and 2s
in Canada. against II last year"