The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-08
DUN's REv1fw Or TRADE.
Remarkable showing for First
Quarter of the Wear.

Quarter of the Wear.
NEW YORK. April 7.-"Dun's 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 iS9S, and
would have looked barge in 1888. The
amount Of liabiitess $56.677 055 in cludes
$2l151O 600 for the United States Flour
Milling Company and 81 492. .4S2 for sixteen
banks ana other financial corporations
leaving 1854 commercial failures with
S33 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 1891. re-
ports from other States and sections are
mainly smaller than in other years. ex-
cept the last. In the Southern and Paci-
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 0f 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 66.2 per cent, and FOR five
weeks. 90 per cent. To such exports,
81. .S24 lgS larger than last year in i've
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 60 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 Sl4 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 207+,769 last year,
served as occasion for a little rise. but the
gain was lost later, and the week closes
unchanged. Corn exports. 36s5.9l5 bush
els. against SAP, $50 last year. for the week
ShOWeu not huCH SIthlet gum, N"liS 'S-
ceipts were over a mulliOn bushels larger
than last year. but the price rose l -
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
tinpate. hoop. and national steel works
make alliance with the Carnegie Company.
as is reported. the whole industry will
sooner CT 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 15s in the
United States. against 14l last year. and 70
in Canada, against II Lass year"