Delaware gazette and state journal., 1899-10-26
THE BUSINESS SITUATION.


r, G.. Dun & Co. IS Review, IN Snenr,
davis issue, says that lin most llnes
business continues to exphno, thnusn
in some there are signs that buying h"s
been checked, either because prices 90
have outrun the views OF buyers, y,
because recent purchases have peen %
heay, that nobody is lett IN nee.,.
Prices are still advancing IN almost
every line, supported by rising prices
of materials, and works everywhere are
still crowded to their utmost capacity;
while at many points ii is founo natu
to get enough competent hands. but
the volume OF business expressed IN
values rises much more than prices,
showing remarkable increase ID
quantities OF goods exchanged.
wheat has declined 11s cents IN
price in spite of unfavorable crop
reports, and Western receipts do not
keen up with the unprecedented move
ment of last year, having beer but
%. 454, 800 bushels against 30, 592. a94
during three weeks of October last year.
But Atlantic exports, flour included,
| have been, in three weeks OF October,
| 10. 679. PIG bushels, against 1855, 20
last year, and Pacific exports, ], ,539, lo9,
anainst 2. 29S,3 last year. BEYOND
| doubt prices would rise fnr and last
with such foreign demand il oiicial
and other current reports Of yields were
duly credited. Corn exports add testi
mony as to foreign needs, having been
| in three weeks l0,924, 406 bushels,
against 1902, ,039 last year.
RAILROAD earnings in October have
been SO per cent larger than last yeai
and IL 4 per cent larger than in lo9a
Eastbound tonnage from Chicago II
two weeks of October was 2oo. 20
against l32, 751 last year, and 100, 04s
in 1892. Failures in two weeks OF Octo
Der have been So, 1862, 46l in amount
against So, 594, 1924 in the same weeks Q
last year, manufacturing, 81, ,00l, DAD
against S3, 533, l25 last year, and trading
S9l1, ,O53, against 50, 9S5, ,694 last year
Failures for the week have been l3l II
the United States, against 22l las
year, and twenty in Canada, agains
twenty -four last year.
Bradstleet's says that with q fey
notable exceptions prices coEtinu
strong A numoer OF lines have ad
yanced quotations, while the great bod
of staple articles manifest all their oil
tirmness Touching the wheat situa
tion, however, it may be said tha
while present statistics OF stocks {
domestic and European are bearisf
estimates OF the years crop continu
TO afford strength to tho bull position
An average of five leading Europea
estimates points to a worlds crop tn
, year MT far from 2,50o, 600, 600 bushe
!, and falling off 1926, 100000 to 375
900, 900 bushels frorl last year is ind
Gated, against which, OF course, is
,. be reckoned increased supplies, yisib
! and invisible, of at least two.thirds
! that amount. Returns of export trat
do not as yet reflect the effect of recel
,, advances in freight rates, and sho
the movement of merchandise abros
, during September to have been the be
! recorded for that month, being % p
q cent larger than year ago and 5.6 p
cent larger than September two yea
ago. For the nine months our expor
q exceed those of 1893 by per cent,
= maintenance of which gain would ind
= ! cato total export for the calendar ye
: 1899 OF $1.300, 100000, which tott
y however, may be still further exceed
q a If tho freight situation improves F."