The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-09-01
FINANCE and TRADE.
Slowly Returning to Normal Busi-
ness Conditions.
FAVORABLE INFLUENCES AT WORK.
The Settlement of the Tariff Question IL
Having Its Eject on Returning Prosper
tty. Though Prices Are Tending Down.
ward-FaiIuros Still Few and Small.

ity. Though Prices Are Tending Down
ward-Failuros Still Few and Small.
New YORK, Sept 1,-R. G. Dun g. Co.'s
weekly review OF trade says: The activity
which came with exhausted stocks and
the pressure of delayed fall demands, and
was increased by the removal of doubt
about the tariff, has continued with heavy
entries of foreign goods since the bill be-
came a law. The gain is not yot what has
been expected and business, IL good in
comparison with last year, is still poor in
comparison with years preceding. Pre-
sumably there has not been time to feel
the full effects of tho change, aud grad
unl gain will be more healthy and encour-
aging than spasmodio rise, but the eS-
pansion of commercial loans has suddenly
ceased, prices of manufactured products
show weakness rather than strength, and
there has been reaction in the stock
market prices of railway stocks averag-
ing 82 cents and of trust stocks Of al
per share lower than week ago.
Wheat moves largely, and western re-
ceipts were 3, 5,762, M bushels for the week,
against 2023,9Ol Inst year, and for Aug.
2S, 500 ,OOU, bushels, agninst Is, 100000 last
year, which does not fit short crop predic-
tions. Fears of frost, the crop being late,
are argued as reason for quotations
otherwise nnwarranted. Cotton has de-
cliued an eighth for the week, but the
year closes with every indication of a
yield materially exceeding the worlds
maximum consumption Of Americana and
with l,G00, 600 bales of old cotton in sight.
If all the mills were running full force
the situation would not promise much.
The demand for products of iron and
49,
ward where any change appears, as there
is not enough business yet to employ the
works in operation.
Failures are still few and small. For
the third week Of August he reported
liabilities were $2,916,5ls but for three
weeks only Ss,2l4 40, of which s2,s45, ,33S
were of manufacturing and s3,SS4 ,4l4 of
trading concerns. The average is only
Sll ,52l per firm falling. The failures this
week have been lsS in the United States,
against 1856 for the same week last year,
and 40 in Canada against 20 last year.
Bradstreets' review says: At all but q
few of the cities from which special tele-
grams are received favorable influences
are shown to have been at work, result
ing in still further improvement in the
business situation since the settlement of
the tariff question.
Az boston a Ihlr fAll business IS DONG
| in dry goods, tirmness characteriZing cot
ton fabrics prices, owing to the New Bed
| ford and Fall River strikes. The free
| wool clause of the new tariff resulted in
heavy Withdrawals of that staple and re-
newed activity among manufacturers
| Next most conspicuous Withdrawals from
| bond are dry goods, crockery and glass
ware. At Philadelphia, as at New York,
sugar is advancing on speculative de-
mand, and it is declared grocers will carry
| heavier stocks.
New England wooden mills are now re-
porting recorders for heavy woolens, Prints
and dress woolens are selling freely, and
| there has been and is an increased de-
mand for funds at larger eastern Centers,
| not only for withdrawal Of goods from
bond but to meet increased offerings of
| commercial paper
All western centers covered, except Gin
cinnati, Cleveland, Detroit and Omaha,
report distinct gains in the volume of
business this week. The relatively favor
able condition of trade In the region trib-
utary to the three larger Minnesota cities
during August is based on u better wheat
crop than predicted and practical deple-
ton of country storekeepers' stocks. At
the south Atlanta aud Birmingham alone
do not report large volume of business,
but the character of cotton shipments in
the near future will determine the vol.
ume of purchases. 1t is noteworthy that
the financial condition Of Texas mer-
| chants is said to be better than for ye ars