The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1897-08-21
NgANCg AND TRADE
Cheering Reports From the Lead
ing Commercial Exchanges. i
BUSINESS BooMs EVERYWHERE.


BUSINESS B00MS EVERYWHERE.
Tho Greatest Gain Has Been for Agrf.
Couture, There Being an Increased
Demand for All Farm Products-All
Other Industries Picking Up.
New York, Aug. n.-R. g. Dun q
Co.'S weekly review of trade says: Not
for several years have the telegraphic
reports from various cities In ali parts
Of the country been as encouraging. or
shown as uniform improvement, as this
week. The markets are called crazy
by some, but fairly represent the peo-
pie, whose confidence in the future Ia
strong and increasing. Nothing ap-
pears to check 1t. Rumors Of injury to
crops are not sufficiently supported to
have much influence. The one Tempo
rary hindrance In the strike Of the BIZ
luminous coal miners, which, interferes
as yet little with industries. and seems
likely to terminate within q week. The
demand for money improves, taking
from New York to the interior about
during the week, and offerings Of COM
mercial loans are much larger. includ-
ing considerable iron and steel paper.
and the course of foreign exchange Is
generally interpreted as an indication
that specie imports cannot be long
delayed.
The greatest gain has been for agri-
culture. Corn has advanced little In
price, but Is moving very largely, SO
that the last years surplus may soon
be marketed, unless the new crop turns
out better than many now expect. Cot
ton declined an eighth, because of an
estimate promising the largest crop
ever grown, but the market is gradu-
ally improving. and some of the large
mills. after a few weeks of suspension,
have resumed work. Other farm pro-
ducts are doing well also, but wheat
has advanced about LIN cents for the
week on actual transactions, with
heavy purchases for export. The Of
ficial estimate OF yield Is entirely dis
regarded, except as an admission that
the crop will be larger than that Of
last year. and It is commonly assumed
that tho yield will be $4,000 bushels or
more though recent reports of injury,
indicating the possibility Of a some
what smaller outcome, have helped the
advance in price. 1t is well to notice
that corn exports continue more than
double last years. also.
The iron and steel industry Is pushing
forward in spite of the still unsettled
strike of bituminous coal miners. and
the enormous purchases Of ore at
Cleveland, and also Of billets at Pitts
burg. show the utmost confidence In
the future. Many additional establish
ments have begun work during the
past week. and while no material
change in prices has occurred the re-
ports indicate fewer concessions to Sc
cure business and much steadier tone.
The demand for finished products has
decidedly improved especially In plates.
sheets and bars. and in railway sup
plies. particularly In car axles.
The old difficulty remains in the boot
and shoe industry, dealers being un-
willing to buy largely at the prices
which manufacturers now ask. though
during the past week the only change
has been a slight advance on calf
boots.
The market for hides in Chicago Is
again much stronger, prices having ad.
vanced. with very narrow transactions,
and buyers are holding off in the belief
that prices have reached the top. In
the wooden business a constant increase
appears In the number Of establish
ments at work. and the demand for
goods has much increased.
Failures for the week have been 223
in the United States, against 280 for tho
corresponding week last year, and In
Canada 80, against 27 last year.
Bradstreets review says: Special tel
egrams from trade centers throughout
the country emphasize the growing
prosperity of the farmer. due to higher
prices for almost all agricultural pro-
. duce still In his hands, and point to
continuation of the demand which has
been conspicuous within the past few
weeks. The volume Of trade continues
to increase, and prices are hardening.
No such volume of business, largely In
anticipation of requirements, has been
reported since 1892. Larger transact
lions have been In dry goods, clothing
and shoes, and south and west in wages
and farm implements.
Another very favorable bank clear
ings report is found in the total, ST.
lao, 000, 600, this week, which, while 1t
IL ! per cent less than last week, Is
40 per cent larger than In the third
week of August, 1886; rs per cent
heavier than in 1895, 40 per cent larger
than in 1894, and fully IS per cent
larger than in the like week Of 1893.
when clcarings totals were reduced to
very low figures. Compared with the
like period in 1892, year of large vol
ume of business. this weeks total
shows a gain of 10 per cent.