The sun. (Wilmington, Del.) 1897-19??, 1901-06-08
FAILURES DURING MAY.
Dun's Review Reports a Satisfactory
Condition.
DULLNEss IN METALMARKET
Not n Sale of Bessemer Reported at
Pittsburg During the Week.
Finished steel Deliveries
Continue Heavy.


Co.'S weekly review of trade says:
Commercial failures during May were
ST3 in number and 81 900, ABB in amount
OF liabilities, of which 207 We're In
manufacturing for $2,3o3,126 and 600
in trading for S3,50O.9GG, while in 9th
err commercial lines there were 81 de-
faults for $2,O95 I31. Banking failures
were ten In number and $500, 100 in
amount. In the same month last year
there were 9i7 bankruptcies, and liza
bilities aggregated $23, III ,151. Even
after deducting tile one large brokerage
failure last year, which provided 90
per cent of the liabilities, the total In
dehtedness was S2,ISl,12S, or about
third larger than IN May, 1901.
Labor controversies have become a
factor of greatest Importance III the
leading manufacturing industry. The
machinSts made demands which were
considered unreasonable by employers
nj many points, who have taken a de-
tcrinnei stand and announced that the
strikers places will be filled by nom
union men on Monday If they fail to
resume work More quiet conditions
III the market and few new contracts
make this action possible. AS a rule,
manufacturers have not sought bust
ness beyond July 1. and it looks as
though they had been preparing for the
| conflict
Pig iron is extremely dull. not a sale
of IIcssemcr being reported during the
week at l'ittsbnrg, ana quotations are
nominal. Large contracts for rails sus-
| tain hillets. ana finished steel deliveries
continue heavy. Shipments of farm
machinery attract much attention.
while bridge building, new vessels and
| track elevation prevent dizziness in
F, structural material.
! Efforts to secure advances in grain
| by exaggerated reports of damage to
the growing crop have given place to
more rational statements. and the out
look is generally conceded to he full
of promise. Speculative operations fol
n decline. however. are far from ag
grcSSive. the severe losses of the short
interest thus far this season making
traders extremely cautious.
Furry In July wheat.
| A slight furry in July wheat at Chi
cago caused hasty covering and u
sharp advance. which was OF short
duration. rs moderate profits were
quickly taken. Abundant production
in the United States does not neces
] saiily mean weak prices. for European
crops are falling below expectations.
and foreign purchases continue heavy,
| Atlantic exports for the week, -four in
cluded. amounting to $3.50, IA bushels
against 2.S55,261 last year and 1,Si9,373
two years ago. Pacific exports also
show good 'gnia-1',.ae..hain,g,S 81 ,5l3 bush
els against J9l.015 a year ago and G23,9
100 in 1880. Including exports mt Du-
| luth and Portland, Me-, the total out
ward movement for the week. exclusive
Of Canadian ports, was 5.64G,59T bush
els against 3.S3S,3Gi last year and
2.T4S, iGT in the same week of 1899.
| Shipments of boots and shoes from
Boston continue very large for the last
week exceeding the same week of 1900
| by 10000 cases. and since the year
opened forwardings have been over
2,0O,000 cases, far surprising any pre-.
vious record. Although the movement
is still heavy, shops receive fewer or.
,lers, and it will he some weeks before
active work begins on fall contracts.
| Retailers are Offering black goods for
summer wear at reduced prices. and il
is evident that the production of these
shoes was excessive, while tan shoes
have been in much greater demand.
ana manufacturers are pushed to ill
contracts.
Prices are steady, and iobbers report
| that the better qualities are sought
/ Local distribution is facilitated by the
warm weather, and this factor is even
more potent in the market for cotton
goods. which exhibited greater ANNA.
tion than ut any previous time this sea.
son. Other textile lines were helped,
though less extensively. Better move.
ment of domestic goods and the conse-
quent expectation that mills would
need raw material. together with in
creased activity abroad, sustained cot
! ton