Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-04-06
TRADE REM SERENE.
Unaffected by Stock Market Perform
ances-More Points of Gain
Than Loss.

New York, April Sums weekly
Review of Trade issued today, said:
While the general business world
mas looked with anazeA5ent at the
performance of The STOCK market.
trade mas maintained IT'S esen course,
aud there are many more p5snts o.
gain than Of loss. with even slightly
! steadier tone in tne drygosas market.
There some sellers nave Withdrawn
oners at recent low prices. though
| buying Is small as yet. Collections
| IN all lines are unusually prompt anu
in the building trades contracts have
been entered into sufficient to fur
nish decided impetus in allied lines
! during the spring season
| No sign Of lessening demand Is
preceptible in any branch of the iron
and steel industry Mills are accept
| ing contracts for the closing months
| of the year and there is every indica-
ton that 1901 will surpass all rec
ords in the quantity of pig iron con-
sumed by manufacturers. Though
capacity has been wonderfully en-
! larged during the past five months,
there are still many extensions and
new plants contemplated. 1t is also
! probable that the customary summer
repairs of furnaces and mills will be
accomplished within shorter period
than usual, as contracts call for
heavy deliveries right through the
season. Permanence of prosperity in
this industry is becoming more GER
tain, as there is less evidence of in
fated prices. Regular quotations
have not altered, except for bars and
| foundry pig iron, although all sorts
of premiums are paid where prompt
! shipment is required. Although fewer
ovens are active in the Connellville
region than year ago, the output
| is much larger, and about 5000, 900
| tons were made during the quarter
The circular of Coates Broth
ers, on April 1, made the aver
age of one hundred grades Of
| wool 1888 cents, decline of nearly
cent since March l. and 5A cents
compared with April, 1900 During
the past two weeks, however, the mar
ket has steadied and there is much
more trading. Moderate buying is
done by worsted mills.
Aggressive manipulation of corn
forced prices to an unreasonable
| point, from which the fall was severe,
and wheat also weakened, although
exports from the Atlantic coast con
tinued liberal. Pork products did not
| show the usual sympathy with corn
when it reacted, for Chicago oper.
ators absorbed offerings readily.
Commercial failures in the first
quarter of 1901 were 1886 in number
and 31,703,486 in amount of default
ed liabilities, of which 40 were in
manufacturing fer $12,504,222, and
2,468 in trading fer s14,552, 906, with
l57 others, not properly included in
either class. that owed S4.646.358.
Banking defaults numbered 81, with
liabilities of $3,44l. 3S9. While ex-
eeeding the same tree months of
last year in numbe.. failures were
| much smaller in amount commercial
and. financial insolvencies together
showing decrease OF $21.532, $50.
Only two years of the last 20
made better showing, either in ag-
greSate or average indebtedness to
each failure; while the proportion of
$26.74 to each firm in business, and
$l.09 to each 81, 900 of solvent pay
ments through clearing houses are
records that were surpassed but once
in two decades. For the month of
March total liabilities were much
smaller than in the corresponding
month or any year since monthly
statements We're first published.
These figures indicate most undenia
bly, that the new century has opened
with business on no uncertain foun.
dation.