The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-03-12
FINANCE AND TRADE.
ali the Great Industries Active
and Money Abundant.
TRADE AT THE SOUTH GAINING.

Notwithstanding the Low Price of
Cotton Business in That Section
Is hooking Up-A Large Output in
Iron, aud the Lowest Price on
Record.
New York, March 11.-R. G. Dunn
e. Co.'S weekly review of trade
says: the distribution Of products is un-
questionably improving. Transactions
are, on the whole, larger than u year ago,
in spite of depression at the south, be
ing very much larger at the west. Nor
is improvement confined to that section.
Though general there, it is also more
distinctly felt in The Eastern cities, and
there are not wanting signs that trade at
the south, though still much embar-
faSsed by the low rate Of cotton, is
steadily gaining. With all the great in
dustries active, with money abundant
in spite of gold exports, and with -pecu-
1ation kept in wholes one che k Tho
outlook would seem TO be- unusually fa-
yorable, Notwithstanding general com
plants that prices ar low and margins
OF profit unusually small.
A Large Iron Output.
The weekly output of iron shows an in
crease, SO that March il was the largest
ever known, 1872, 1870 tons, against 1885,
135 last December, hitherto the maxi
mum. A leading Lehigh producer has
reduced the prices 81 ton this wecA,
making tho lowest quotations on record.
Southern companies are trying to CON
solidate, and meanwhile No. l Birning-
10 Il &.
$3.50. Rails are inactive, bar is dull
and plates weaker. IN copper there Is
an effort to consolidate or combine pro.
ducers, as yet with uncertain results.
Trade in tin has been small and lead j.
dull.
The textile industries are improving.
On the whole more machinery is busy
than year ago, especially IN cheviot3,
oyercoatings and cluaSings and the
dress goods trade has succc .stully closed
big season. In imt goods buyers hesi-
tate. The trade In cotton goods is largely
In excess of last year, safes i'll February
showing a big increase III every depart
ment.
Big Drop In Cotton.
Speculation in food products is weak
wheat being 3-4 cents lower. and corn
q fourth, exports falling much below
those of recent weeks. oats and pork
products are unchanged. oil three
eighths higher, but coffee three-eighths
lower. A drop of an eighth in cotton
puts the price down to g. 93 cents, the
lowest for more than forty years, ard
receipts continue to exceed last years,
thol III thia weeks exports tall behind
All exports from New York show de
crease for the month thus far of about
6per cent. The outgo of gold does not
entirely cease, though stcriing exchange
has declined to 4.61 t-9. The stock
market has been unimportant, at Times
noisily advancing in soIno stocks, but
quietly losing activity. Though money
Is abundant rates On call have slightly
advanced, and this market for cOmmer-
Cial loans is y little suffer at most east
ern cities.
business FaiIr res.
The business failures throughout tn,
country during the last seven days mum
ber for tine United States 239 and toi
Canada 26,A total Of 236 ,Ns compared Will
240 last week and 30 thc week previous tc
the last. For the corresponding week Of
aast year tho figures were 213.