Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-11-03

r. G. Dun d Co. IS Review says:
"Business has been more affected by
foreign affairs than many realize.
London's apprehension of war first
caused advance in wheat and fears OF
monetary pressure here. Then came
confidence in London, with flight OF
French money across the channel, and
stock markets here advanced, while
wheat fell. Mobs in Paris did not
mean to influence American interests
from New York to San Francisco, but
electric wires have made the world
small So the wires moved cargo OF
wheat from the Pacific coast, started
90, 500, 600 more gold from Australia to
this country on London account, and
the selling of American securities one
day and buying the next. There has
been no domestic change of much i'm
portance, and the rise in prices Of
Western railroad stocks indicate that
the Supreme Court decision against
the Trunk Line Association is con-
sidered helpful to railroads. Reports
of earnings have helped, for October
thus far exceeding last years by OF,
and those of 1892 on the same roads by
IL per cent, with third of the mile
age included. September reports, in
Guiding 60 per cent of the total mile
age, show increase of 3. 8 per cent over
last year and 2.S over 1892. Foreign
trade continues to show larger gains in
exports than in imports over last year,
the increase for three weeks being
about 50, 800, 900, or 8 per cent in ex-
ports, against s700, 600 or 3 per cent,
in imports, which indicates another
heavy balance in favor of the United
States for the month Just closing.
Failures for the three weeks have been
$40, 665, 956, against $3.50, 1856 last
year, S12, 243, 966 in 1896 and s11, l2o, 4sS
in 1895. Manufacturing have been
So, 4S4, 24S, against 50, 22S, 30l last year
and So, 304, 800 in 1896, and trading
have been SD, $40, 11S, against $3, 1877, :
243 last year, and S., 479,607 in 1886.
Failures for the week have been 226 in
the United States, against 2l9 last year,
and "a in Canada, against % last year. "
Bradstreet's says that "irregularity
in prices and trade movements has
been rather more marked this week
than for some time past, but measured
by all the usual standards of business
development the situation is one Of
Exceptional activity and even strength.
The active foreign demand at advanc-
ing prices for American cereals and
their products appeared to have culmi.
mated early in the week in a virtual
war SCARE market, in which the
highest prices reached since early in
August were recorded. The reaction
shown, however, has been small one,
testifying to nervousness both at home
and abroad, growing out of the excep-
tionally small gains in worlds supplies,
reports of damage to wheat in the
| fields in the Northwest and in Mani.
toba, active milling demand for wheat
at home, Minneapolis breaking al
records of flour production for the
week, and continuance of the talk o.
rather less than anticipated outturns
of crops abroad noted for some tint
past, Evidences of reaction in prices
are not confined to wheat, but eXtent
| to lard and coffee among food products,
Bessemer pig iron, lead and cotton
while most other cereals, pork anc
beef, copper and print cloths have re
NAMED steady and unchanged. II
distributive !, trade. reports of bat
weather interfering with regular de
mand and collections, but of stimulat
| ing retail trade in heavy winter goods
come from the West and Northwest
| whence also come advices of bad roads
Gripping farmers ability to delive
wheat to market. Against this, how
ever, might be cited, the fact tina
primary receipts of wheat arc in exces
of one year ago, and for the season arr
fully equal to those of last year. "