The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-10-27
FINANCE and TRADE
Political Excitement Causes q Nat
ural Slaokening,
AUTHORIZATIONS AREFAvoRABLE

Prices OF Farm Products, However, Do
Not Improve Much. and There Arc stiil
Some Strikes to Resist Reductions In
wages-Fewer Business Failures.
NEW YORK, OCT 27.--R. @. Dun g. Co.'S
weekly review Of trade says: Engrossing
political excitement In many Of the states
causes natural slackening in some kinds
Of business. But on the whole business
indications are rather more favorable than
they were week ago. Gold exports have
ceased, quite o number Of mills have gone
into operation and the demand for pro-
ducts, If not equal to that of prosperous
years, Ia better than 1t has been most of
the time this year. The prices Of farm
products do not improve much, and there
are still some strikes to resist reduction Of
wages, so that the purchasing power Of the
people cannot have materially increased,
but there is a more hopeful spirit which
prompts greater activity. On the other
hand the record Of past transactions Ia
somewhat less favorable than of late.
Payments through the principal clearing
houses throughout the country show de-
crease of 1.2 per cent. compared with last
year, and a decrease of 2l.0 per cent com
pared with the same week in 1892, the de-
crease for four weeks being 29.s per cent.
Cotton has sold at 5.s1 cents for middling
uplands and the large receipts OF such low
prices indicate clearly that the crop will at
least be close to the largest II not the
largest, ever produced. The anticipated
settlement Of difficulties at Fall River has
not been realized, and at present good
many spindles and looms are idle. But
strikes are temporary; more lasting in
t. 30
in tho worlds markets, the stock Of Amer
lean in sight now exceeding 1900, 600 bales
1t is interesting that in spite Of the low
price Of the southern crop manufacturers
and wholesale dealers report rather moro
Improvement in trade with the south than
with any other section. The wheat mar
ket Is n quarter lower, and nothing ap-
pears to justify any important change.
In iron and steel the west shows weak
ness, while eastern markets show more
encouragement Nothing of consequence
is doing in rails, the deliveries for the year
to Oct. being only $4,000 tons, much be-
low ordinary requirements for renewals
alone. In structural work some moderate
contracts are reported, but bar iron is ex-
tremely dull and 1t is stated that the low
prices reported last week, 80 cents for iron
and 81 for steel, have been shaded in some
| TRANSACTIONS.
The failures for the week were 231 in the
United States, against 852 for the same
week last year, and flfty-two in Canada
against forty -four last year.
Bradstrects' review says: Merchants in
teryiewed in various portions of the
country report in some instances the con
dition Of business as not having realized
anticipations, and ut other points that the
recent bright outlook for trade is modified
Such adyices are based in part on the prao
teal conclusion of the fall trade and de
lays in demand for holiday goods. Dealer:
in dry goods, clothing, groceries, shoes
hats and few other lines have had rea
lively the more satisfactory volume o
business, although in many instances faul
has been found with the totals shipped.
General trade continues checked through
out some portions of the regions supplied
by Kansas City, st. Louis, Omaha, Min
neapolis and st. Paul, due to unseason
ably warm weather. At the south low
prices for cotton continue to affect bust
ness unfayorably, many larger merchants
being more cautious rs to granting cred
it's to interior merchants. Throughout
large port ion of the region between Obi,
and the northwest interior jobbers will
continue to carry small stocks Throughout
the winter Eastern dry goods jobbers re
n9suenly lnH tlfebdfdbil f6f gestiit asfmtenn
of the Fall River strike less favorable