The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-07


Conditions-lEo Change in Cotton
Goods-stssl Sheet Consolidation
VIII Affect Business
NEW YORK, April CIR. G. Dun 3
Co.'S weekly review OF trade Tomorrow
will say:
Only twice in twenty-five yeara would
such failures Us those Of the iirst quRrP
ter Of 1900 huve seemed large. They
are large compared with last year ana
1898, and would have looked largeF ~
1883. The amount OF liabilities, s6S,6a1sr
OSs, includes s2l, ,lel 900 for the United
States Flour Milling Company ana
s., 4g2, ,4s2 for sixteen banks and other
financial corporations. leaving 2,SsS
commercial failures. with SSs,O2e, ,512 iia-
bllities. Actual defaults IN nlanufap7
turing are smaller than IN the 1rSe
quarter OF any other year except 1850
since classified failures began, as arG
trading liabilities, and while MassaehnT
sets 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, exc
ceptIng the last. In the southern ana
Pacific states the failures were Smaller
than In the same quarter Of any other
year II is to exceptional and not v
general conditions that any increase y
due.
Volume Of business Larger This Xean
Quarterly reviews to-day show thlt
outside the immediate effects OF stock
speculation and industrial consolida-
tlons. the volume OF business has been
larger this year than Il year ago. As
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 II is now. Very many OF
the usual spring demands for higher
wages have been granted, and in part
granted by compromise, so that no more
than the usual hlndrance from thau
source now seems probable. But soma
OF the disputes threaten to last Ton
some months.
Accounts for the Fall OF Cotton.
A large increase in foreign exports o.
wheat from Atlantic ports, -four inN
cluded-2,2GS, ,622 bushels against 2,0I4,>
7Gs last year-served as occasion for y
little rise, but the gain was lost latera
and the week closes unchanged. Pacific
exports were 1,O25,125 bushels, against
3sg, 1916 last year. Corn exports-S,6 ,6eS,slb
bushels against S,O12, 400 last year-tor
the week showed not much greater
gain. while receipts were over millionl
bushels larger than last year, but the
price rose III cents. While supplies re-
naming are comparatively small slight
changes in movement affect prices
much, This fact rather than any othen
change in position or prospects must
account for the fall OF cotton to 9.66
cents and It's later rise to 9.76 CENTS
with Insignificant change In options. NO
change has come in cotton goods this
week, though dealings for the present.
are hlndered. Business In woolens y
also somewhat unsatisfactory with
cancellations comparatively numerous
and orders smaller than were expected.
The sinking In prices Of wool contin-
ues, from half cent to q cent more
having been conceded this week, but
sales for the week at the three CHIEF
markets have been only S,9S5,600 pounds,
and the absence OF manufacturers from
dealings still has It's natural effect. The
rise in some leather has helped man
ufacturers of boots and shoes to hold
prices. but not to get more orders
which are much smaller than In pre-
vlous years.
No Change in Prices Of Pig.
The steel sheet consolidation, with
President McMurtry, OF the Apollo
works, at the head, promises great im-
portance. II this, the tin plate. hoop
and National steel works make ALLIANCES
with the Carnegie Company, as is re-
ported. the whole industry will sooner
or later be affected. For the present no
change appears in prices Of pig, ana
only slightly more yielding In plates
and bars to secure more business. But
many new contracts are reported, in-
cludInE the 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 tho
largest ever known. Failures for the
week are 159 in tho United statess