Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-07-18

The Business situation.
r. G. Dun & Co. q Review says:
Improvement is general in the foot
wear industry, although no higher
prices can be obtained. The market
ior split goods is frmer in tone and
advances are expected, while mems
satin shoes are in better request.
Jobbers have light stocks OF summer
goods, which retailers should exhaust
before the season ends. Leather is in
good demand and firm, but without
quotable change in price. Textile lines
have settled In steady position that
promises more lasting prosperity than
il prices had been forced higher or
sensational activity had followed the
altered attitude OF buyers. In iobbing
circles it is thought that trade will not
Ee prosecuted vigorously until August,
but statesmen on the road send in coed
orders. Heavy weight wooiens are
securing duplicate orders, and mills
are making extensive preparation for
the light weight season. Manufacturers
are well employed, and exhibit in
creasng interest in raw material,
Wool has not altered in price, but the
tone is firmer and sales increase.
Growers are said to be selling rather
than consigning, while many fanchmen
refuse 10 do any business at present
prices. In the cotton goods division
| there is nothing new, recent advanced
prices being fully sustained and mills
| keeping wheels in motion as rule.
| Tho raw material has declined, large
receipts of the old crop and many
bright dispatches from the South
having more effect than stories oil
drouth in Texas.
Bradstreet's s. says that varying COM
meroial and industrial conditions make
| it difficult to strike in sentence the
keynote of general trade for the week.
| In the East business appears to be OF
a midsummer character, while in the
Southwest conditions have been ad.
versely affected by drouth and hoi
| weather reports, which superinduced Q
tendency on the part of many to canoe
orders previously given. In the North
west, on the contrary, business seems
to be quite active as the result OF ex
cellent crop conditions, and credit il
reported being freely granted, but IL
the Middle West the tenor of trade il
apparently steady, while In the Soutt
ordinary conditions are noted.
"There is firmer and better feeling
in the iron and steel market, though
new business booked is OF small volume
Steel rail mills are now accepting ORDER
for delivery in 1902 at s25 per ton, ant
the position ia isregarded as being rathe
strong. Blast furnace statistics indioat
decline In the weekly capacity from
BOG, 991 tons on June lst, to BOB. 1913 ton
on July lst, but consumption seems t.
have almost balanced output, as stock
declined from 333, sl3 tons on June lst
to 327, 761 tons on July lst.
"Gross railway earnings for tn
month of June as reported to Brad
} streets aggregate 500, 510, Alb as com
pared with $50, 107, ,62l for June las
! year, an increase of 6.S Der cent in favo
! Of the month in the current year
Leather is active on domestic and eS
port demand, and so are hides an
i skins.
'.Business failures in the Unite
| States for the week were 199, as agains
j las last week, 221 this week year age
/ l74 in 1893, 23S in 1893 and 227 in 1881
] Canadian failures for the week numbe
| %, as against ID last week, 20 last yea
and p in l599.''