The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-03-28
FINANCE AND TRADE
Money Is in Fair and Increasing
Demand.
A CHEERFUL OUTLOOK FOR CROPS

Unhealthy Speculation in Food Pro
Foreign Combination in Rubber
That May Force Domestic Manu-
facturers into Temporary Stoppage.
New YORK. March 2S. --R. G. Dun Sc
Co.'S weekly review of trade says:
Trade has been rather quiet and hesi-
tating, as is natural at this season, and
there is rather more complaint Of slow
collections, but throughout the north
west bad weather and the bad state of
country roads supply an explanation.
Money is in fair and increasing supply,
and though still tight at Salt Lake and
scarce at Jacksonville, and in stronger
demand at Omaha and Milwaukee, is
almost everywhere easier, SO that wants
of legitimate business are met without
trouble. The outlook for the coming
crops continues exceptionally good.
High Prices of Cereals.
1t has been a week Of unhealthy spec
ulation in some products, owing to des-
perate efforts of powerful combinations
to force prices on which they can un-
load without loss. Wheat rose to
$l.l6a on Monday, and, at Si.15t, is
still two cents higher than a week ago.
Corn has risen At cents to 78I cents,
while oats, at 500 cents, are less than
one cent higher. Pork products ad-
vanced, and coffee and oil a small frac-
tion each, while cotton is a sixteenth
lower. The general average OF prices
reached its highest point this year on
Monday, and though now fraction
lower, is still one per cent above last
week. But manufactured products do
not share in the advance except in
few cases.
Manufactured Products Weaker
Rails are firm, but very dull, and
manufactured products are on the
whole weaker. Copper is weaker and.
tin steady, with lead shade higher.
Coal agents have officially changed
schedules to fit the fact that recent
quotations have been fictitious, and the
new prices are Is to 25 cents higher
than a year ago. Wool is selling stead
lily, and the very large consumption of
Australian is surprise. 1t seems due
in part to the bad condition of many
western heeces, but in part to the fact
that the home consumption is nearly
exhausted. Carpet works in Philadel-
phia are fairly busy and buying freely.
A Foreign Combination.
Dry goods dealers are already placing
many fall orders without change in
prices as yet, and agents stocks of plain,
soft goods are small, but mems wear
goods are dull. The boot and shoe
trade is not satisfactory, and shipments
from Boston are slightly below last
years. A foreign combination, headed
by the same operators who failed in
trying to put up rubber eight years ago,
is hoisting Para to 81, and manufac-
turers are considering stoppags Of work
and purchases as remedy.
Trade In the South.
New Orleans finds trade only fair,
but cotton receipts increase. Sugar is
dull, molasses stronger and rice firm.
Trade at Savannah is holding its own,
but cotton receipts increase. At
Jacksonville trade Is dull, the orange
look for vegetables is good. A note
worthy feature of the South is the
number of new manufacturing concerns
announced.
Business Embarrassments.
The business failures occurring dur
ing the last seven days number for the
United States 2ao, and for Canada %,
or total of 256, as compared with a
total of 215 last week, and 213 the
week previous to the last For the cor
responding week of last year the figures
We're 243, representing 2l7 failures in
the United States and &c IN the Domin-
ion of Canada.
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