Delaware gazette and state journal., 1899-11-23
The Business situation.

holding the next national convention.
-r--
The Business situation. .t
BIadstreet's, in its issue of Saturday,
says: General trade and industry con-
| tinue at maximum volume for this
season of the year, while prices, as a
whole, manifest strength unap.
| pi cached in recent years Strength of
| value is still most notable among manu-
| factured textiles, but cereals, hIdes,
leather and manufactures thereof have
also strengthened slightly. On the
other hand, FORK products. raw cotton
and tin are slightly lower. The great
majority of prices, however, remain
| firm at unchanged quotations.
Cereals do not manifest any strik
| ing change this week, but the resisting
power Of the market is apparently
| greater, more moderate receipts of
wheat at the West inducing some Gov
| ering,t and corn is Sympathetieally
stronger. Another feature naturally at
tracing attention at this time of year
is the active demand for, but generally
reported small stock OF coal available,
both East and West Lumber displays
continued strength, and adyiees are of
an expected very heavy cut this winter,
both in the Northwest and at the
South. Some shading in provision
prices is noted largely as result of
heavier receipts of hogs. Sugar is in
rather slow demand, Notwithstanding
reiterated reports of the settlement of
the war among rehners.
Bank clearings show natural in
crease over last weeks reduced total,
due to election day, but the aggregate
is the heaviest reported since the second
week of May, amounting to 2,03l,
32I, 1923, an increase of 1876 ger cent
| l,sE Of NC
week a year ago. of 50 pei cent over
1897 and of GA per cent over 1896. They
are double what they were in the cor
responding weeks of 1898 and 1894 and
so per cent heavier than those of 1892.
Business failures for the week number
1893, as compared with 1872 last week,
229 this week year ago, 235 in 1897.
36S in 1896 and 1928 in 1885. The third
, quarter of the year was naturally favor
, able one for the railroads. The cain
ines of lis roads for September show
smaller relative increases Of net than
in preceding months, but for the nine
months period 129 systems show net
returns of s247, ,639, 900, gain ct 1.42
per cent on an increase in gross of 10. 4
per cent. The Southwestern roads did
relatively the best, followed by the coal
! roads, the Southern lines and the Cen
tra Western systems. Every group
showed heavier increase in net than
! in gross. The increase for the nine
! months period over year ago is like
= wise notable because it follows progres.
: sive gains in preceding years for four
= years past.
r. G. Dun & Co. 8 Review for last
week says:
+, Largo sterling loans, followed by
y y the offer OF the Treasury to huy bonds,
have materially changed the situation
: 10 the stock market. There has been
g no stringency in the money markets on
:, % cept as before, in the supply of funds
q for SPECULATION on call loans, and,
:, though some feared industrial work or
y markets for productss might be affected,
. iAdoes not, appear that they have been
i at all. Since this was the belief ex-
= pi essed by Secretary Gage just before
= the bond purchase was announced, that
= stop was not designed by him as a
I relief to the market, but as embracing
! an opportunity which might not soon
:, return OF lessening the interest bearing
if debit of the government mt advantageous
= terms. With larger revenue than tho
!. Treasury needs, part of the interest
Il bearing debt created during years of
y depression may bo cancelled. II is call
culated that the operation, ii success
ful, will save the Treasury about
!" 81, 400, 600 Stocks had shown quite
y noteworthy strength in resisting the
~ depressing influence of high rates for
money before the change came.
!" 1.-The signs of shrinkage in the new
i demand for iron and steel products be-
come more clear, and, while prices of
y rig are maintained without charge,
~ and billets are quoted lower only be-
!, cause prices for earlier deliveries are no
. longer paid, plates arc quoted lower at
y the East, with some small mills selling
at 2.5 cents ut Pittsburg, and sheets
T. are sold by some works there at So to
70 70 S4 less than the regular price. The
10 strength of bars at the West is largely
y, due 10 the great demand for cars, OF
y which it is said that LOCO per day are
~, ro ordered, hut at the East prices are a
20 ,, shade lower.
os aShipments of boots and shoes fell
u u off, and yet are larger than in any pre-
~ - vious year for the first two weeks Of
~ November, 1888, 281 cases, against l63,
- 10 1853 in 1887, and lag, ,972 in 1894, and
= less in all other years.
. "Textile manufactures are doing
=, - we'll, although in wooden the specula.
" y tion in material threatens to cause
he some embarrassment. Sales OF Woo
~ we're again heavy, 21, 642, 3l1 pounds al
VI the three chief markets. making in tive
weeks Al, 1923, 81 pounds. against u,
437, 100 pounds last year, when the
mills we're we'll employed. Clearly 8
an large share of the transactions has beer
lie for speculation, but tine mills have
a been buying also, especially those re-
d. Gently started after long idleness
n Prices arc a shade stronger for fint
he washed Eastern fleece and for fine ant
Ia medium delaine, SO that the entire
Oh list averages about 1sc. higher.
as "Failures for two weeks of November
h. have been 2, 573, 736, against 50, 46S, ,65'
,al last year, and s5, GOO, 424 in 1897. Manu-
n featuring have been 1864, $40, agains
DIS 1912, 52s last year. but trading onl,
rn sl,355, 564. against 50, ia, 447 last year
cd -----'-------
lis Gratitude is fruit OF great oultiva
| L., E,I