The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-11-04

Pronounced Most Cheerful by the
Commercial Agencies.
HIGHEST MARX FOR 0OTOBEE.

Despite Some Variation in the Cur
rent OF Trade Distribution, the Az
Rregate Movement Continues of I'm.
mense Volume.
New York, Nov. 4.-Bradstreet's
weekly review of trade says: Despite
some variation in the currents OF trade
distribution, the aggregate movement
continues Of immense volume; In fact
II the aggregate of bank clearings In the
country outside of the metropolis Is a
trustworthy index, as it no doubt Is.
the country's trade reached its highest
mark In the month Of October. Prices
certainly show marked strength In
view Of the proportions Of earlier ad-
vances. Cooler weather has been well
coined by the retail trade of the country
and some stimulus has already been
noted, alike to distribution and to the
confidence of distributors.
In some lines Of wholesale trade, no
tably dry goods, there has been some
qrieting Of demand. without, however,
any perceptible effect being exercised
upon values Of textiles, which, indeed,
are more firmly held than ever. 1t has
indeed, been a record period In the
wool trade, sales at leading centers hav-
ing exceeded all records for the week,
and the strength alike Of the raw and
the manufactured material Is most
marked. Cotton goods are also very
strong, partly on the extraordinary de-
mand and partly because Of the strength
Of the raw material.
The great cereals have been rather
dull this week, with slight variation
in price, and the markets appear to have
come to a standstill pending new de-
velopments. Some Improvement is
noted in the ocean freight situation,
however, the high rates, in fact, hav-
ing tended to bring their own cure.
In the iron and steel trade strength
of values is perhaps the most notable
feature, but activity has been trans-
ferred from the finished branch of the
trade to the market for pig iron. which
has been very active at full prices.
Reports of re-exports of American iron
from Japan are confirmed. A heavy
business was done In hardware dur
ing October, relatively the best reports
coming from the west. Other meals
fail to show as much strength, cop
per and tin being considerably lower
on the week. In the lumber market
demand varies with the material and
the market involved. but, while pine
lumber is Quieter at western centers,
prices are very firm and intimations
of a continuance Of these conditions or
of further advances are numerous. In
fluenced by the activity In the boot
and shoe manufacturing and distribu-
tive trade. leather is strong and tends
upward, and some advances in hides
are also reported
r. G. Dun & Co.'s review of trade
says: British disasters in South Al"
RIGA have brought to view something
beside the steady self reliance of the
English people. They hold not many
American securities to be dislodged in
any time of alarm. but are inclined
to take more when money looks for
safe investment.
A little decline of three-quarters in
wheat and 1hc. in corn does not him
der exports, though 1t is some EVIL
dence that growers think they have
ample supplies Atlantic exports of
wheat for five weeks have been, flour
included, 15,6s6,599 bushels, against
18,1S2,631 last year, and Pacific ex-
ports 2,713,551, against 3,917,4S4 last
year. Western receipts Of wheat have
continued heavy, but have not rivaled
last years extraordinary outpouring.
amounting to only 35,958,0S7 bushels in
FIVE weeks, against 49,640.791 last year.
but western corn receipts run ahead
the exports have been 1S,648,044 BUSH
els, against 1853, 1853 last year.
The enormous sales of wool at Bos-
ton, 1857 500 pounds reported, max
ing 25,36S, 700 at the three chief mar
kets for the week. are extremely i'm
portant. That not all are for con-
as the trade is naturally
tempted to believe, may be true, and
yet actual purchases by the mills Of
half that quantity would imply en-
encouragement respecting
the demand for wooden goods. The
prices have been generally advanced
to an average scarcely below that Of
May, 1892.
Prices of pig iron for early deliveries
are still advancing, but as great part
of the demand has protected itself by
contracts running far into the next
year, including purchases of $4,000
tons besseIuer this week at $3.50, and
as billets are quoted at $3.50 for spot,
but $33 Tor next year, the market can
be Interpreted several ways.
Dealers are refusing to pay the high
,r prices asked by manufacturers Of
boots and shoes to such an extent that
future orders are somewhat restricted.
Yet the October shipments were 47S,722
cases, against 415,259 last year, an in
crease Of u per cent, and 367, $3.50 in the
came week Of 1892, an increase of
iearly 80 per cent.
Failures for the week have been 1873 |
IN the United States. against 1914 for
he same week last year, and rs in
Canada, against IS last year.