Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-02-09

r. G. Dun d Co.'s Review for this
week says Failures in January were
smaller than in any previous month ex-
cept August, 1893, and July, 1897, and
the proportion of solvent payments to
Clearing House exchanges is smaller
than in any other month of which
records exist.
1.-THE most remarkable feature of tho
week has been the decline Of 5,cents in
wheat, with only J., cents in corn and
only sixteenth in cotton. The govern
ment estimate of the wheat crop,
6T5, COO, 600 bushels, has moreinfluence
than any other from that source for a
number of years, because it is recog-
nized as the result Of great efforts TO
get at the truth, and is, therefore, con-
sidered about the lowest estimate adj
missible. With ordinary consumption
and present exports of 150, 200, 600
bushels from the crop of 1898, -four
(. included, there will be less than
100, 600. 600 bushels for replenishment
Of stocks, for farmers holdings and for
exports in the next five months, and
the exports OF 4,492, 436, bushels, -four
included, from Atlantic ports, against
3,09i, 517 last year, and l,495, 604 from
Pacific ports, against ;I3G, $40 last year,
besides 800, s55 from Duluth and Port
land, Me-, show stress of foreign de-
mand which may well excuse some
recovery in prices.
''Sales of wool have been fairly
large. 80, T52, 400 pounds for the year
thus far, against &c, 1872, 40 last year,
1892. Philadelphia has made con
h a. IL, II,
Others starting after long idleness.
Bradstreet's review of business states
that "the important price recessions Of
the week are those noted in wheat
and other cereals, except oats. I'm
medliately instrumental in bringing
about this reaction might be men
toned the final government estimate
of last years crop, placing it at
675, 100000 bushels, far in excess OF
earlier estimates by the same authority,
and exceeding all but the most sanguine
of trade estimates, which had generally
fixed upon 60 million bushels as the
probable maximum yield. The advance
in wheat checked export trade, but an
Improvement in this direction is re-
ported ats the lower range of values. A
sympathetic quieting down of interest
in cotton is to be noted, but the
scarcity of good spinning grades and
the advancing tendency in manu-
facturedj goods, which appear to be
moving well on spring account, have
operated toward steadying this staple.
Print cloths are at tho highest point
reached for over year past, and SYM
pathetic strength in other classes oil
cottons is noticeable. The feature Of
the iron trade this week is the an
nouncement of the selling of practi-
cally the entire output of the Lake
Superior iron ore mines for the coming
year. The strength of other metals
continues a feature, heavy advances
being reported in copper, tin, spelter
and lead. The strength of the lumber
market is feature, and the scarcity
of hardwoods is still complained Of.
Leather is firm on "a slight improve
mept in the tone Of the boot and shoe
trade. Cold, stormy weather, while
interfering to some extent with whole
sale distributive trade, has been bene,
fetal to retail lines, which have made
good sales of heavy clothing and foot.
wear. PA
"Business failures for the week mum.
Der POI, against 2i6 last week, 295 in
this week year ago, 30j in 1897, i}s
in 1896 and 293 in 1895. Failures in the
Dominion of Canada for the week
number 90, as compared with % last
week. " ,t,a L.