The evening times., 1900-04-07
DUN'S REVIEW OF TRADE.
Remarkable showing for First
Quarter OF the Year


NEW YORK. April 7.-"Duns Review
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 1855 The
amount OF liabilities, S56.677 055 in cludes
/ S2l 151.0O0 for the United States Flour
Milling Company and s.. Az. 4S2 for sixteen
banks and other financial corporations.
leaving 2.Ss4 commercial failures with
SS3. .022. 572 liabilities.
Actual defaults in manufacturing are
smaller than in the first quarter Of any
, other year except 1899, since classified
failures began, as are trading liabilities
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. ex-
cept the last. In the Southern and Paci-
&c States the failures were smaller than
in the same quarter Of any other year It
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 a slight de-
crease in imports at New York while the
exports from this point increased for the
closing week 66.2 per cent. and for five
weeks 60 per cent. To such exports
S27, ,S34. 19S larger than last year in FIVE
weeks from New York. must be added over
S17 600 600 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 a year ago. while
industrial stocks have declined on the
whole and closed more than S14 per share
lower than a year ago The earnings of
railroads for the quarter have been the
largest ever 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 2.014 769 last year.
served as occasion for little rise but the
gain was lost later. and the week closes
unchanged. Corn exports. 3.695. 915 bush
els against 3,4l2 4S0 last year. for the week
showed not much greater gain. while re-
ceipts were over mullion bushels larger
than last year, but the price rose l-2
cents.
NO change has come in cotton goods this
week though dealings for the future are
hindered. Business in woolens is also
somewhat unsatisfactory.
The 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
TO secure more business.
Failures for the week are 159 in the
United States. against 141 last year, and %
in Canada. against IL last year