The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-07-21
FINANCE And TRADE.
Weekly Statement Of Dun ani
Bradstreets.
REPORT OF MIDSUMMER TRADE.


tion.
NEW York, July CIR. q. Dan g. Co. 3
weekly review Of trade sayr: The effects
Of the two great strikes have not yet en-
tirely worn off and meanwhile disagree-
ment between the two houses Of congress
has made tariff uncertainties more dis
tinct and impressive. 1t follows that the
| customary tests Of the condition of bust
ness are less instructive than usual. The
financial situation is somewhat less fav-
orable, because the exports of gold have
been resumed and are ~, 800, 900 for the
week, but treasury receipts have been
s., ,39l for customs against S2,95l. 574
last year and S14T4 553 internal revenue,
against s., 979, sis last yea.
The extraordinary payments to autici-
pate the increase of taxation on whisky
are rapidly locking up large amount of
capital and taking from the government
part OF the expected increase of revenue,
while the current loss in customs receipts
Is largely due to the postponement of i'm
ports In expectation Of lower duties here
after. Thus the treasury has been gain
ing In balance, although at the expense
of some loss in revenue hereafter.
Wheat has been skating on thin ice,
with q chance of breaking through aud
n,
and has declined three cents for the week.
I With railroads generally blocked in the
wheat delivering districts it is satisfac-
tory indication that the western receipts
are about two-thirds Of last years 2,271, :
GA bushels, against 8,02s,3Ts a year ago,
while the exports from Atlantic ports are
! Insignificant, only 672, 402 bushels, against
2, 76S, 627 last year. .... r.
Corn has advanced a shade, with no sat
isfactory reason, for the prospect is excel
lent for a large yield. A great specula-
tion in oats has begun to liquidate, with
the customary losses to the wise men who
knew all about it. Cotton has declined a
fraction, and all indications still point to
, material increase of yield.
Although there was an increase during
the month of June of nearly third in the
. weekly production of pig iron and the
consumption in the manufacture was
nearly 10000 tons per week greater than
= the output of furnaces, it is questionable
i whether any further improvement has
yet occurred in July. Many of the west
I ern establishments were stopped because
Q the blockade of railroads cut of their sup.
plies of fuel and have not yet ventured to
resume. Others west of Pittsburg have
. been inactive because the coke strike con.
4 tinues and the limited production scarcely
suftices for the need of works near at
: hand.
o EdThe most hopeful sign noted this week
J is that failures continue comparatively
} few and not very important. The nggre-
gate of liabilities for the twelve days end
+, ing July IL, was $3.50, 306, OF which 81,
{ 009,s2l was of manufacturing and 81 ,55s,
: 20i of trading concerns, which is decidedly
q below the average for the past half year
;. The failures this week have been 23d il
. the United States against 467 last yeai
! and "A in Canada against 25 last year
4 Bradstreets' report says: The disap
n pearance of the great railway strike o.
. 1894, the revival of regular freight SEIZED
g ules, and the customary movement o.
produce and merchandise by water anC
!. rail, have done much to restore some
= thing like the preceding volume of trade
= The most encouraging statement il
merely that general business is only an
b preaching the usual midsummer proper
& tons
% The return to work Of potters at Tren
= ton and Wheeling, employees at Pullman
tube makers at McKeesport, Pa, fur
n Their return of coke operatives in the Con
10 nellsville region and of coal miners il
n western and southern states, togethe
with nearly all recently striking railwa,
t. employees, will furnish more industrial
employment within fortnight than a
any previous date since April /.
There were 2l2 business failures reporte,
{. In the United States last week, agains
10 s29 last week, as compared with 5a7 in tn
u corresponding week one year ago, whel
ID the effects of the financial panic wer
en- making themselves severely felt. In tn
q. corresponding week of 1892 the total wa
81 No. and in 1891, following the disturb
~ auce due to the Barring crisis, the lik
.. weeks aggregate was 252.
ar Exports Of wheat tlour included), bot
q; coasts, United States and Canada, ar
y again moderate, the aggregate this wee
being only l,s73OoO bushels, compare
IL with 2,S77,O last week, 5,O17, 600 bushel
az In the third week of July, 1898 2,7l6,0C
W bushels In the like week OF 1892, an
Va Va 1850, 900 bushels in the correspondent
At week the year before that.