The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-07-02
FINANCE And TRADE.
A Year Of Unequaled Industrial
Production.
FEWER FAILURES THAN FOR YEARS

Exports and Imports Have Increased.
Railroad Earnings Have Never
Been Equaied-The Crop Prospects
Excellent Notwithstanding the Ex.
cessive Rains.
New YORK, July 2.--R. q. Dun q
Co.'s weekly review of trade will say
A year never matched In the history
Of the country in volume of industrial
production, in magnitude Of domestic
exchanges, or in foreign trade, has just
closed. The imports for the year have
been about 1888, 900, 900, the increase at
New York in June over last year being
about 1S per cent. Experts from New
York In June gained 1874 per cent, and
the aggregate for the year has been
about 81, ,0s1 ,000, 600. Railroad earnings
have been the largest in any year thus
far, and clearings IN June the largest ever
known in that month, exceeding last
year 8 per cent, and for the whole year
the largest ever known outside New
York.
Failures for the half year have been
b,603 against 6,074 in 1891, and liabili-
ties $62.000,00 against $92, ,OO0, 600, and
on the whole about the smallest for five
years. In spite Of low prices additional
works are going into operation even in
the iron manufacture, and yet more in
woolen and cotton. Moreover the crops
of this year promise to be very satisfac-
tory and the new half year begins with
excellent prospects.
Heavy Receipts of Grain.
Excessive rains have again set back
gram to limited extent, principally in
lowlands, but wheat receipts at western
points have been 1882, 900 bushels in
three days, and Atlantic exports 959, 900
bushels, showing that the old supplies
are not exhausted, and prices are an
eighth lower than a week ago. Corn is
q cent higher, in spite of large receipts
and very light exports, the fear being
that part OF the crop may be destroyed
by wet weather, or SO delayed that frosts
viii catch 1t before maturity. Oats are
hlso cent higher. Speculation has been
light in grain, but pork products have
advanced sharply, pork 81 per barrel,
lard AZ cents per 100 pounds, and hogs
10 cents. Speculation in cotton has been
active, with sales of 100000 bales here,
resulting in q decline of sixteenth,
though receipts are getting light But
the crop prospects are good and the stock
In sight enormous.
@a'ihOoo ~ 1SobbOh ~ htblbldCDOTY. At
Philadelphia manufactured and structu-
raj iron are especially firm. At Balti-
more good orders for clothing and shoes
expected. At Cleveland dry goods,
groceries, hardware and boots and
shoes show improved trade. Cincinnati
reports average trade. At Chicago the
volume of trade considerably exceeds
last years, and at st. Louis business is
good
Speculation in stocks has been lam
guild. Money is abundant at all finan-
cial centers, with but moderate demand,
and collections generally good, except
where wet weather and bad roads check
distribution End settlenaBhtG Rarely
has the country begun a new fiscal year
with more satisfactory commercial pros
poets, and there is less financial appre-
hension than is usual in presidential
year.
Business Failures.
The business failures occurring
throughout the country during the last
Beven days nusnhcr for the Unitcd STATES
III, Canada 20, total 1877, against 100
last week and 179 the week previous to
the last, and s34 for the corresponding
week of last year.