The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-04-07
FAILURES ARE LARGE.
Owing to the Breaking Up of Flour
Mill Trust

New York. April r. G. Dun & Co.'S
Weekly Review of Trade says:
Only twice in twenty-five years would
such failures as those OF the first quar-
ter of 1900 have seemed large They are
large compared with last year and 1898
and would have looked larger in 1888
The amount of liabilities, $56.6l4 ,o55, m
cludes 81, Isl, 900 for the United States
Flour Milling company and S2,492,4Sz for
sixteen banks and other financial cor
pOrationS, leaving 1884 commercial 1alI-
ureS with $33. 0ZZ.34Z liabilities AcLudl
defaults in manufacturing are smaller
than n the first quarter Of any other
year except 1899 since classified records
of failures began to be kept While
Massachusetts and New England fail
ureS 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 eX-
cepting the last In the southern and
Pacific states the failures were smaller
than n the same quarter OF any other
year. It is to exceptional and not 10
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. At that time
/ the extensive rise in wages which fol-
\ lowed combination in many cases had
/ not yet taken place and the purchasing
J
/ then as it is now
Very many Of the usual spring de-
+ mands for higher wages have been
granted, or in part granted by conpro-
! mise, so that no more than the usual
I hindrance from that source now seems
/ probable But some Of the disputes
| threaten to last for some months
| A little increase in foreign exports of
| wheat from Atlantic ports, -four in
| Guided, :, 26S. 622 bushels. against 2,07z,-
7g6 bushels last year, served as coca
I sion for a little rise. but the gain was
! lost later and the week closes unehang-
ed. Pacific exports were 1025.125 BUSH
els, against 3s2, S76 bushels last year
Corn exports. 3,695.915 bushels, against
1 3.412, $50 bushels last year. for the week.
showed not much greater gain. while
receipts were over a million bushels
larger than last year. but the price rose
IL cents While supplies remaining are
comparatively small. slight changes in
movement affect prices much This
fact, rather than any change in posi-
ton or prospects. must account for the
fall of cotton to SIS cents and its later
/ rise TO S.75 with insignificant change II
options
No change has come in cotton goods
this week though dealings for the fu-
ttIre are hindered Business in Woolens
IS also somewhat unsatisfactory, with
! cancellations comparatively numerous
and orders smaller than were expected
The sinking in prices Of wool continues
from half 10 cent more having been
conceded this week TO effect sales OF
considerable blocks but sales for the
week at three chief markets have beer
only 1885. $50 pounds, and the absence
/ Of manufacturers from dealings has its
/ natural effect The rise in sole leather
has helped manufacturers Of boots and
shoes 10 hold prices but not to gel