The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-11-07
FINANCE AND TRADE.
The Great Boston Failure Causes
No Disturbance.
A PHENOMENAL GRAIN MOVEMENT.

Receipts of Wheat at Duluth for
Two Months Exceed Those for tho
Whole Year 1S00-Business in the
South Still Shows Very Healthy
Activity.
NEW York, Nov. 7.-R. G. Dun g.
Co.'S Weekly Review of Trade says:
Reports from all parts Of the country
show that business has been healthy and
large in volume. At Boston the failure
Of the Maverick bank caused some nm
easiness, but business continues steady
and healthy, no lack of confidence is
seen, and money is easy. The shoe
trade is quiet, with better prospects, the
wool business is fair, with sales OF 2,400,-
900 pounds and some concessions on
large lots, dry goods more active, and
crude rubber firm. AT Hartford wool is
in moderate demand the dry goods
trade not quite so good, the grocery
trade excellent, and hardware fair. At
Philadelphia the grocery trade is large,
wool in better demand, with fewer con-
cessions than for the past month, the
dry goods trade only fair, but a good
volume of business has been done. The
shoe trade is satisfactory, leather and
paper active, tobacco in good shape,
chemicals steady and firm, with moder-
ately fair trade in paints, oils and glass.
AT Cincinnati groceries improve, the hat
trade is good, and money fairly easy,
and at Cleveland the outlook is good and
demand for money equals the supply.
At Detroit trade is healthy, without in
fation, and the demand for money mod
crate
A Phenomenal Grain Movement.
Western reports still show the effects
of phenomenal grain movement At
Chicago receipts of wheat and rye are
three times last years, the increase in
dressed beef is 100 per cent, in oats,
hides and wool SO per cent, and in
flour II per cent, while decrease of a
third appears in corn, a quarter in bar
ley, one-half in cured meats, some de-
| crease in cheese, butter and cattle, while
lard receipts are but a quarter of last
| years. Sales of dry goods, clothing and
shoes are largely in excess of last years,
and money is in fair demand. At Mil
waukee trade is good, with confidence in
all branches, and money quite active.
AT st. Paul manufacturing is much
| stimulated by large crops and money is
easy, at Minneapolis the lumber trade is
| closing well at stiff prices and the out
| put of -four is 100000 barrels against
100000 last year, while at Duluth re-
ceipts of wheat in two months have ex-
ceeded those for the whole year 1890.
| Trade in the South.
At st. Louis increased distribution is
observed, and exchanges in October were
the largest by 81, 1000, 900 in any month
in the history of the city. AT Kansas
/ City trade keeps in good shape, at
Omaha is active and at Denver improv-
| ing. AT Memphis business is very fair.
| AT New Orleans cotton receipts are
heavy, sugar receipts liberal and rice
steady. AT Savannah trade is good, at
| Atlanta in healthy condition, at Mont
gomery moderate, at Charleston brisk,
with large receipts of cotton, and at
Jacksonville only fairly good. The only
cities reporting monetary pressure are
Omaha and Savannah
The iron industry, in spite of the
lowest prices ever known for such pro-
ducts, shows no dependency, and the
demand for manufactured iron and steel
does not diminish. The copper trade is
just now unsettled, but tin is slightly
stronger, though lead is lower at 4.Ut
cents. Trade i'll eottons is not just now
equal to last years. but for the whole
season thus far it has been CONSIDERABLY
larger.
Business Failures.
The business failures occurring
throughout the country during the past
seven days number for the United States
223, and for Canada 43, or total of 2G6,
as compared with total of 255 last
week, and 2l9 the week previous to the
last. For the corresponding week Of
last year the figures We're 2l5, represent
ing 1S9 failures in the United States and
33 in tho Dominion of Canada.