The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1891-10-31
FINANCE And TRADE.
The Iron Market Shows Consid-
able Depression.
OTHER INDUSTRIES PROSPEROUS.

The Business Outlook Continues
Cheerful, Despite Small Demand
for the Metals, Which Have Low
cred in Price-HealthfuI Activity
Reported at the South.
New YORK, Oct. 3l.-R. G.. Dun &
Co.'s Weekly Review of Trade says:
The improvement In business continues.
1t is greater than before at the west,
considerable at the south and is clearly
perceived even at the east. Yet discour-
agement in some branches of industry
is not less, but more apparent than be-
fore, evidently because calculations have
been made upon more rapid and great
increase in business than has been real.
ized.
The iron industry shows most change,
for, following the large increase of out
put last month, there has come de-
cided change of tone. Extreme anxiety
to sell pig iron, and financial weakness
in unexpected quarters produce IA pres
sent depression which is in curious con-
trast with the abounding confidence
which prevails regarding the future.
cheerful. Copper is depressed by heavy
sales Mt IL 1-2 cents for lake, tin has
gone below 20 cents, and lead has sold
down to l-2 cents. Wool is somewhat
easier, concessions being given Mt Bus-
ton. Cotton mills have increasing bust
ness in fancies, but trade in staples Is
falling off. Yet the southern demand is
better, and the trade on the whole fairly
good.
Reports Still Encouraging.
Reports from other cities are decidedly
more encouraging than usual, though
at the east improvement is not rapid.
Boston reports fair trade, with improve
ment in many lines. At Philadelphia
the dry goods trade is fair, and hannels,
blankets alIl woolen goods in better de-
mand. but wool is quiet, and carpet
manufacturers are mostly working on
short time. At Cleveland trade is good.
At Cincinnati some improvement is seen
in merchandise, and the whisky trade is
fair. At Chicago some improvement is
seen in receipts, seventh in cattle, u
sixth in -four, third in hides, quarter
in dressed beef, and receipts of wheat
and rye are three times us large as last
year, but cheese, butter, wool, corn, bar
ley, cured meats and lard fall short In
dry goods, clothing and shoe trade is
much larger than year ago.
Business is good at Milwaukee and st,
Paul, and at Minneapolis the flour out
put, 206, 900 barrels, is again the largest
on record. AT st. Louis seasonable
goods are in strong demand, and distri-
button greater than year ago. At
Kansas City steady and healthfuf activ-
ity is noted, and trade is encouraging at
louisville, fairly good at Memphis and
Nashville, with cotton receipts very
heavy at Galveston, New Orleans Char
lesion and Savannah. At most southern
points general trade improves, but at
Charleston money is still tight.
No fears are entertained vi monetary
pressure.
Business Failures.
The business failures occurring
throughout the country during the past
seven days number for the United States
2O7, and for Canada 4S, or total of 255
as compared with total of 249 last
week, and $50 the week previous to the
last. For the corresponding week of
last year the figures were 2lS, represent
ing igD f1ilurps in tba ITuitnd Ct,tn, .,,,J