The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-08-13
FINANCE AND TRADE.
Crop Reports Not Quite Up to Ex-
pectations.
GREAT INDUSTRIES DOING WELL

The Iron Output for August Not So
Great as the Month Previous-Tho
Local Market Poor-The Utmost
Activity Observed In tho Textile
Industries.
NEW YORK, Aug. 6.-R. g. Dun &
Co.'s weekly review of trade will say:
Crop reports are not quite up to expecta-
tions, and are construed as indicating
deficient supply Of corn and oats, while
any possible deficiency in wheat and cot
ton will more than met by surplus stock.
But prices have advanced quite sharply
and exports of domestic products fall
below last year. The great industries
are all doing remarkably we'll, except
ing the iron manufacture, in which
labor controversies have been partially
settled, and seem likely to be wholly
settled speedily. The collapse of the
building strike here reyssyed activity in
many departments Of trade.
The iron output Aug. 1 was 1856, 1885
tons weekly, against l09, 151 July 1, and
169,576 year ago, but the stocks un-
sold neuvtheless increased 10000 tons
duringG month of July, and on the
1st of August exceeded a million tons.
Southern pig iron is pressed for sale,
and some quotations are lower than
ever. But the resumption of manu-
facture by western iron works which
have settled their controversies with the
men will make a great change in the
situation at once, increasing the output
of pig iron, but probably the demand
still more. Manufactured iron and
steel have been in very active demand,
nearly all the works in operation being
crowded with orders But steel rails
are dull as ever, and while only zoe, 900
tons have been sold for the year thus
fnr, the orders on hand will hardly carry
eastern mills beyond Sept. 10.
The Textile Industry Active.
There is no market worth mentioning
for coal. But in the textile industries
the utmost activity prevails Manufact-
urers are buying wool freely, Boston
sales for the week being 100000
pounds above last years, and the total
sales at three principal markets for the
year thus far have been $4,000, 900
pounds greater than last year. Boot
and shoe factories are still pressed to the
utmost and shipments from the east
continue for the year nearly 100000
cases greater than last year.
The particular feature of the week has
been the rise in breadstuffs, 2 C ats in
corn and Z cents in oats, while wheat
declined cents, with sales of only 49,
coo, 600 bushels. Western receipts were
4,030, 900 bushels in four days, and At
lantic exports 2,300,0 bushels. Pork
advanced rs cents per barrel, but lard
declined cent. Oil rose cents and
coffee t cents, but cotton fell cent,
though exports are larger than year
ago, as crop reports grow more favor
able. Imports continue extraordinarily
large, at New York for five weeks 80 per
cent, greater than last year.
Stocks were strong most of the week,
but some reaction toward the close car
ried the average little below that of a
week ago. The treasury has taken in
S700, 900 more gold and silver than it has
paid out, while lessenin2 the volume of
notes in circulation sl,2oO,OO0, but
money is abundant and cheap. Gus
toms receipts in August have been much
larger than yesr agoTbut at New
| York 56.7 per cent. of the payments
were in treasury notes and only 12 per
cent. in gold. Silver has fallen to 3Sd.
| in London, the lowest price ever quoted
and in June it sold at Aid.
Business Failures.
The business failures occurring
throughout the country during the last
seven days number for the United States
1850, Canada 20. total 1s9, against 1S4
last week and 1913 the week previous to
the last, and 227 for the corresponding
week of last year.
Special kilograms to Bradstreets from
Canadian cities indicate moderate
volume of general trade, less relatively
in Ontario than last week, but with nc
perceptible change in Quebec. The pro
posed abolition of the rebate on grain en-
route through Canadian canals unset.
ties frelghts. The outlook is for fair
autumn trade.