Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-05-12
THE BUSINESS SITUATION.

r. q. Dun e. Go. Is Review for this
week says: "IndustrieB have received
wonderful stimuus from the con-
Yiction that hostilitios will not last
long, and frnm heavy government
ordUrs. Besides great demand for steel
plates, and other iron products ami
ammunition, thu government has
ordered $500, 900 yards wooden cloths.
la. 600 blRnkots. 8, 600, 900 yarda cotton
goods and great quantities OF pro-
Visions and other supplies, and mean
while rsviving confidence has multi
plied other demands Ii is not due TO
domestic conditions that orders from
the Russian government for two big
war ships have been taken by the
Crampa, and orders for rails from
Mexico have given a good start to the
rebuilt Colorado works. Four large
merchant ships have been ordernd froL
the Delaware works, plate mills are
crowded, and at the same time one
establishment far in the interior ia
bidding on q foreign order for 5000
tons, willis car and rail works continue
to receive large orders. and demands
for agricultural implements and fencing
60 beyond the ability Of works in some
cases.
"Textile establishments have hesn
receiving larger orders within the past
few days, outaide those from the govern
ment, so that the stoppHge or reduction
Of time in four WOODEN mills enrly in
the week may have been premature.
NJ decline whatever appears in the
prices Of staple oloihs or dress goods,
and the heavy au ,tiou sale OF carpets
was eminently successful in clearing
oil at fair prices an accumulation re-
suiting from an advance In priceH last
January, when was not supported by
demand Wool has declined about
half cent 10 April, taking the average
OF one hundrnd quotations by Coates
Brothers, and the better demand for
ends has uaused more inquiry, but thus
far no improvement in prices, Print
cloths have again made new low
record, ID CENTS but better market
is seen for other cotton products.
| Iira'lstreat'a, in its issue OF TO day,
says: "Evldenoes accumula that tho
corner has finally been turned in the
trade situation, and that circumstances
which have hitherto been regarded as
disgusting have begun TO give way to
more cheerful conditions, or are be.
ginning to he recognized in truer aud
more reasonable light.
"Amoug the more favorsbls features
Of the week have been tine slightly
lower tone in the money market, and
a little moro disposition on the part OF
financial institutions to accompo dats
legitimate demands Of trade. Another
has been the very general foreign recog
milton Of the critical position OF wheat
supplies in the lowering or the sus-
pension entirsly of import wheat duties
mutually In Italy, France and Spain,
and reflected IN advances proportionate
to the import duty reduction 10 those
countries. Prices, both at the seaboafl
and at the interior, have broken all
records for many years past.
1T, OF course, would be useless to
deny that there are some unfavorable
features 10 view, notably in tue cotton
and wonen industry. In thu former,
print cloths nave again struck tile
lowest price on record, with quota
tion Of g. ~ cent for standard grades.
ami the wooden manufacturing industry
ia, as q whole. reported quite de-
prsssed. 10 contrast with these 70,
ports, chiefly coming from the Eastern
and Middle States cities, are the sales
Of considerable quantity of raw wool.
said to be for the manufacture of goods
orderod by the government. The wheat
exports for tine week reflect the tenn
porary check to demand caused by
sudden advances 10 prices, and show a
falling oil. aggregating 9. 47s, 77h bushels
against A, 449. 600 bushels last week,
], 799, 600 bushels 10 this week yoar
ago, 1882, 900 bushels in 1896 aud
2, sos, 600 bushels in 1895,
CORN exports are larger than in
this week for more than year past,
aggregating 6. 161, 900 bushels against
i,2l6, 600 bushels last week, 3, 1877, 900
bushels In this week u year ago, L.
s9l, 600 bushels In 1896 and 93i, 200
bushels 10 1895.
"Busineas failures are slightly smaller
this wesls. uggregating for tha United
States $40, against 2Ab last week, s2H
10 this week year ago, a67 In 1886
and 23i In 1909. +"