The sun., 1901-04-06
TRADE SHOWS A GAIN.
So Declares Dun's Review In Its
Weekly Statement,
TEXTILE MARKET STEADIER
For the Month of March Total Liza
bilities of Failures Smaller Than
In Corresponding Month
of Previous Years.

New York, April 5.-R. G. Dun &
Co.'S weekly review of trade says:
While the general business world
has looked with amazencnt at the per-
Torrance of the stock market. trade
has maintained its even course, ana
there are many more points OF gam
than of loss, with even slightly
steadier tone in the dry goods market
There some sellers have Withdrawn
offers Mt recent low prices, though buy
ing is small as yet Collections III all
lines are unusually prompt, and in the
building trades contracts have been
entered into sufficient to furnish a de-
cided impetus in allied lines during the.
spring season.
| No sign of lessening demand is per-
ceptible in any branch of the iron ana
steel industry. Mills are accepting
contracts for the closing months OF
the year, and there is every indication
that 1901 will surpass all records in
the quantity of pig iron consumed by
manufacturers. Though capacity has
been wonderfully enlarged during the
tpast five months, there are still many
extensions and new plants contem-
plated. 1t is also probable that the
customary summer repairs of furnaces
land mills will be accomplished within
In shorter period than usual, as con-
tracts call for heavy deliveries right
Through the season.
permanence of prosperity in this in
Iduslry is becoming more certain. as
there is less evidence Of inflated prices.
lIirgular quotations haze not altered,
except for bars and foundry pig iron,
lnlthough all sorts of premiums are
paid where prompt shipment is re-
luuircd. The new combination is eX-
Itpnding it's facilities in the direction
Of deposits of raw material, and addi-
tons of these mines will strengthen its
: Position. Although fewer ovens arc
uctive in the Conncllsville region than
II year ago, the coke output is mucl
larger. and about 3,Oo0,0oO tons were
lande during the quarter.
The Cotton Market.
After declining within sixteenth Of
! cents it was not surprising TO see cot
IN recover half Il cent. The overSolt
condition of the speculative marke
!. VAS chiefly responsible and southern
! dispatches gave support by Statements
II unfavorable planting conditions
Y supplies were against any pronouncet
y rise in prices, however, and condition
: at mills continue extremely depress
= In. Tie brief squirt was followed b,
another decline. as traders realized tina
II WAS early for authentic news regard
tons favored weakness.
Aggressive manipulation of corn fore
eti prices to an unreasonable poin
from which the fall was severe. an
= wheat also weakened, although export
: from the Atlantic coast continued Ill
: eral. Pork products did not show I'll
y usual sympathy with corn when it II
acted. for Chicago operators absorbe
offerings readily.
Commercial failures in the first qua
y Ter of 1901 were 1885 in number an
II S31 ,703, ,4SG in amount of defaulted lii
y Utilities. of which 10 were in manufa
y. turing for 2,aO4 Do and 2,46S in ira
- ing for Sll. .5l2 ,9uG. with 1aI others, n
~ properly included in either class. TIL
y. owed S4.6i6,35S. Banking defaul
" numbered 21, with liabilities of S3,44
$50. While exceeding the same thr
~ months of last year in number, failm
. were much smaller in amount, comm'
~ cial and financial insolvencies togeth
showing a decrease of S21 ,532, $50. On
~ two years of the last 20 made bett
showing either in aggregate OF avera
-, Indebtedness to each failure, while
-, proportion of S2G.14 to each firm
business and Sl.09 to each $1,000
solvent payments through cleari
houses are records tlnt were surpass
II. Int once in two decades. For
in month of March total liabilities w
on. much smaller than in the correspo
ne ing month Of any year since mont
10. statements We're first published.