The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-10-08
THE STATE OF TRADE.
The Rate for Money Has Deelir i
One Per Cent.
THERON INDUSTRY Is DOING WELL.

Increased Activity in Trade-The In
creased Price of Cotton Benefits
the south-Textile Industries Were
Never More Popular.
New YoRK, Oct. S.-R. G. Dunn
& Co.'S weekly review of trade says:
The first week of October shows more
activity in spite of the near approach of
the presidential election. Business is
distinctly better at the south on account
of the improvement in the price of cot
ton, more active at the west, with i'm
proved crop prospects, and only slightly
retarded at the east The moderate in
crease in the demand for money at New
York, which preceded the October settle
ments, has passed without any embar-
rassment, and the rate for money on call
has declined from 3 l2 to 4 t-2 per cent,
while at all other cities the money mar
kets are reported abundantly supplied
With funds.
The expected reaction from the ex-
treme low price of cotton helps business
at the south, and although wheat is low
in price it is a little higher than it was
a week ago. In general speculation has
disturbed legitimate trade much less
during the past quarter than is usual at
this season, although the transactions in
cotton have been exceedingly heavy.
Trade in tho east is somewhat narrower
as the election approaches, but dry goods
are quite active both at wholesale and at
retail. Cotton goods are decidedly firm
and tend to advance in price, the trade
in boots and shoes is remarkably good,
and wool steady in price, with headers
confident
The Iron Industry.
The iron industry is doing we'll Not
withstanding the resumption of work by
many establishments which were idle a
long time on account of strikes, the CON
sumption of pig iron apparently exceeds
the production, and the demand gives
decidedly sitter tone to the market.
Bar IRON is still disappointing, and rails
very dull, but the demand for structural
iron keeps the works busy. and plates
are surprisingly active. While the out
put of pig iron is not as large rs it was
few months ago, the consumption is
probably larger, and the trade in more
healthy condition. Tin is stronger by
speculation at London without any dis
cernable reason.
Perhaps the textile industries were
never more prosperous than they are
now, for while prices are remarkably
low the demand for goods is large and
urgent, and the works are crowded with
orders. There are signs of improvement
in prices OF cotton goods. and sales of
wool continue heavy. Rubber goods
works are busy, shipments of boots and
shoes from Boston last week were IS 900
cases against "A GOO for the same week
last year and the receipts of cattle at
Chicago last week were 10000 head
against 5000 last year.
1t Is not a satisfactory symptom that
the speculation in cotton is enormous,
sales at this city amounting to 1,239, 900
bales last week, with an advance of half
cent in the price. Yet exports of cot
ton are not large, and of all domestic
products the value exported last week
was only 5,4S3, ,j23; against 50, 16S, $50
for the same week last year.
Foreign Trade Not Satisfactory.
Considering the great increase in i'm
ports Of merchandise the state of foreign
trade is hardly encouraging. While the
imports are in part of materials for
manufacture, there is also quite note
worthy increase i'll imports of dutiable
articles. The treasury continues to ac-
cumulate gold, having added to its stock
s 10000 during the past week, and
800, ,0O0 silver, hut it has gut into cir
culation about So 900, 600 more paper Of
various kinds. Although the circulation
of money decreased in September there
is no Indication as yet that the money
markets in any part of the country are
insufiiciently supplied.
The business failures during the last
seven days number for the United States,
1874; Canada, 3B; total, 220; as comr.red
with POS last week, 2 the week previoaS
to the last and 27O for the corresponding
week OF last year.