The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-07
INCREASE In FAILURES
FIGURES SLIGHTLY LARGER UNDER
EXCEPTIONAL CONDITIONS.
Small Growth Of Wheat ExpOrts-IrOn
and steel acknowledgements
Business with the Retailers.

NEW YORK, April 6-R. G.. Dun & Co.'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 1898. and
would have looked larger in 1888. The
amount of liabilities. So, 677.O55, includes
ST, 161, 600 for the United States Flour Mill
ing Company. and 8. i92.4S2 for sixteen
banks and other financial corporations
leaving 1884 commercial failures, with
s3S, SAP liabilities. Actual defaults in
manufacturing are smaller than in the first
quarter of any other year except 1899 since
classified failures began While Massachu-
sets and New England failures have been
larger than in the first quarter of any other
year since 1884, reports from other States
and sections are mainly smaller than in
ether years, excepting the last. In the
Southern and Pacific States the failures
were smaller than i'm the same quarter of
any other year 1t is to exceptional. and
not to general, conditions that any increase
is due.
A little increase in foreign exports of
wheat from Atlantic ports, flour included.
2.26s,622 bu, against 2.074 100 last year. served
as occasion for a little rise, but the gain
was lost later and the week closes I'M
changed. Pacific exports were 1,O25,l25 bu.
against 392, SIC last year. Corn exports
:.sa5.9l5 bu, against 3,4124sO 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
1lsc. While supplies remaining are COM
raratively small, slight changes in move
ment affect prices much. This fact, rather
than any changes in prospects. must ac-
count for the fall OF cotton to 9.5Sc, and its
later rise to 9I5c, with Insignificant changes
in options.
No change has come in cotton goods this
weeks though dealings for the future are
hindered. Business in woolens is also some
what unsatisfactory, with cancellations
comparatively numerous and orders small
er than were expected. The sinking i'm
prices of wool continues. from half cent
to a cent more having been conceded. Sales
this week at three chief markets have been
only 39S3.6Oo pounds. and the absence of
manufacturers from dealings still has its
natural effect.
The steel-sheet consolidation with Presi-
dent McMurtrfe. of the Apollo works, at
the mead. promises great Importance. If
this, the Tin Plate. Hoop and National
Steel Works. make alliance with the Car
negie Company, as is reported the whole
industry will sooner or later be effected.
For the present no change appears in
prices of pig. and only slightly more yield
ing in plates and bars to secure more bust
ness. But many new contracts are report
ed. including one purchase of rails for ex-
port. and the situation is generally more
hopeful Changes in minor metals are not
important, though copper grows steadily
stronger. with exports of 1870 tons from
only three ports this month. The output of
coke continues much the largest ever
known
Failures for the week are $50 in the
United States, against ill last year: and
. In Canada, against IL last year.