Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-07-28
THE BUSINESS SITUATION.

BrRdatreet's for this week says:
Midsummer conditions still govern
most lines Of trade and manufacture.
but the volume OF business aa indicated
by bank clesyngs show little decrease,
and il evidently considerably 10 adj
vance of previous years at this time.
A feature in trade this week ia the
better demand reported for wool.
Dizziness has been feature of thu
cereal markets. Ola wheat supplies are
rapidly decreasing. willis the new crop
movement, while in excess Of last ysar,
does not reach the proportions OK.
pected. The shipping Of Texas wheat
to California is one effect OF the short
age of supplies reported. Another
feature of the business situation 10 the
active preparation making in the const
shipping trade for the large business
with West Indian points, which lie ex.
peoted to develop as result OF mill
tary and naval operations. The renewal
of sailings by coastwise vessels and the
practical disappearance of war risks
are accompanying features. Cotton is
at The lowest price ever paid at this
season of the year, partly on good crop
reports and also as the result OF the au-
nounced intention of shut down by
Fall River mills. For the latter reason
print cloths are firmly held at previous
quotations.
Cereal exports continue of satis-
factory volume. wheat shipments for
the week flour included as wheat)
aggreRating 2. 303, 469 bushels, as against
2,9l0,827 bushels last week and com
pared with l,97S,s2s bushels in the
corresponding week of 1897, 3,O73, $50
bushels IN 1896. 1895, 096 in 1895 and
ass. 900 bushels in 1894. Corn ex-
ports are still in EXCESS of last week,
aggregnting 1892. 1873 bushels, as against
1892, 248 bushels last week, 1888. $40
bushels in this week year ago, /, 2SS, :
436 bushels In 1896, 770, 094 bushels in
1895 aud 256, 0o9 bushels in ls9s.''
II. q. Dun a. Co. e Review announces
IAN increased demand for wooden
goods, although in some lines slow and
disappointing, but the number of estab-
lishnents at work increases, though the
mills are not yet assured of satisfactory
prices. Only o, 233, 200 pounds of wool
were sold last week, and in thres wseks
only IL, $50, 300 at tbs three chief
markets, of which $500, TOO were do
mestic, against 81, 1874, 700 last year and
%, 34T, $50 in the same weeks of 1898,
10, 0lU, UUU being domestic.
The iron man ufacture seems to be
at the verge of another revolution,
since Bessemer mig is hsld by curtail.
msnt Of production in tho Shenango
and Mahouing Valleys at Sl0.25 at
PittHburg, and yet some steel works
have made enormous sales of bjllets.
The demand for structural forms keeps
all the works buy.
with abatement OF foreign needs and
prospects Of excellent crops in many
foreign countries, wheat has declined
during the week cents In price, not
withdrawing exports from Atlantic
Forts amounting to l, 937, 092 bushels
Hour included, against 1,5l6, 997 last
year, and from Pacific ports, 577, 1855
bushels. against SO, 523 last year. Total
exports for three weeks have heen
7,309, 250 bushelH, -four included,
against 8, 1874, 4sS Lust year. Corn still
goes abroad in astonishing quantity,
all the circumstances considered OK.
ports having hoen in three weeks 8, OFT. :
si7 bushels. against G. 635, 395 last year.
The price has not changed, in spite Of
the decline in wheat.
| Failures for the week have BEEN DOT
in the United States, against 2a7 last
year. and II in Canada, against % last
| year. -