The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-11-18
SATURDAY. NOVEMBER IS. 1900.

SAbU&OAfs NONEWbER 10, 200.
R. G. Dun & Co.'s weekly review
Of trade says of the business of the
couutry:
Large sterling loans followed by
'the offer OF the treasury to buy
bonds have materially changed the
situation in the stock market.
There has been no stringency in
the money market as before. in the
supply Of funds for speculate on on
call loans, and thodgh some feared
industrial work or market S for pro-
dustion might be affected, it does
not appear that they have been at
al
Since this was the belief EXPRESS
ed by Secretary Gage just before
the bond purchase was announced.
that step was not desgne by him
as a ..relief to the market but as
embracing an opportunity which
might not soon return oil lessening
the interest bearing debt of the
government at advantageous terms.
With larger revenue than the treas
ury needs, part Of the interest bear
ing debt created during years of
depression may be cancelled. 1t is
calculated that the operation, it
Successful. will save the treasury
about 81, 400, 900.
The signs of shrinkage in the
new demand Tor iron and steel pro-
ducts become more clear, and, while
prices of pig are maintained with
out change and billets are quoted
lower only because premiums for
earlier deliveries are no longer paid
plates are quoted lower at the east,
with some small mills selling at rs
cents at Pittsburg, and sheets are
cold by some works there at 50 to
a. less than the regular price. The
strength of bars at the west is
largely due to the great demand
for cars, of which 1t is said that
1000 per day are ordered, but at the
4 east prices are shade lower.
Business is curtailed at Chicago
by the differences with labor organ
izations. Shipments OF boots and
of shoes fall off and yet are larger
than in any previous year.
Failures for the week have been
219 in the United States against
223 last year and 20 in Canada
against 70 last year.
WILMINGTON has tried controlling
the municipal departments of the
s city by the vote OF City Council.
That was a dismal failure after
years Of trial, owing to political
rottenness cropping out in that
\ body. Then Commissioners were
thought to be just the thing. They
have been tried for over ten years
and the people say they are not the
proper bodies to govern the city at
the present day. Some want the
power placed back in the hands OF
City Council, which body is now
only an ornament to our city. 9th
ers want new city charter, which
will give the people much cleaner
and better governed city and come
much nearer being governed by the
people. Before the Water Commits
sioners came into power, the city
never received cent of profit from
the Water Department, while(slnce
il has been under the control OF the
three commissioners,It has been a
large revenue producer. The streets
were another sample of the haphaz-
ard manner in which thew were
looked after by City Council and
.nnliticians. Thousands upon thou.
sands of dollars were spent year
after wear on the streets and they
were in wretched condition when
tbe street and Sewer Commission
tool, hold ofthem. Look at the SPLEEN
did condition of the streets of Will
minoton TODAY and contrast them
w;tn the streets of Wilmington 20
wears ago, Wilmington has a sew.
eraoe system that is a credit to it
ana IL mas oee' ~ 'ue pussio =,
me eAPeho',u, VI SO oe;n a .,, 'I ~ "
Thousand uol' al y W., a.. , .ne ., 10y
mas something ~ sue" WI 'Ne '''o"
ey eHpehoeu D.....o,4 u,a
lake the romeo nep"' ''Lsa .. ,''" u,
was LOT years u' &C.. me r, ,o';I''' W. y,
the mayor anu 10y Non ,1 "a "a; Wv,
nave hau SUM soou '" u, e> ' Lnt
Po.,ee III IT,: 1e ~, ~ y."a p' 80; law Wv,
nothlnS i.ne H., ..e p a rSe. ,ho 1trea4s
ponce ioi &c ina. ssu.o" n ,,I So l .,s
-" winning WI alt
man owed his appointment to pn'
litlcal pulls. Now he is selected
according to fitness, being compelled
to come up to the Requirements laid
down by the Police Commission,