Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-07-25
The Business situation.

Bradstreet's says that cheat, drouth
and strikes have furnished their quota
of disturbing influences this week, but
despite these fair volume of business
goes forward, and nearly all markets
have taken the developments of the
week calmly and even oheerfully.
Iron and steel as whole are I'M
settled by the strike, which is, how
ever, confired 10 one locality, the
Central West, and again directly affects
only the tinplate, the sheet and the
hoop mills within that territory The
outlook is, with continuance of the
strike, for some weakness in the cruder
forms of iron, which will, of course,
tend to acoum ulate, and, on the other
hand, induce some advance in the
finished products affected directly by
The strike.
"A better tone for wool is noted at
nearly all markets, and prices Of finer
grades, fine Territory and Australian
woods are steadily hardening. Textile
manufacturing is on better footing
than it was month ago. Cotton goods
are frmer, and many of the mills have
booked SO large a proportion of their
output that they will take additional
orders only 'tat value" Raw cotton
has been quiet, but on the whole rather
firmer, owing to the reports of dry
weather damage, particularly in the
western half of the cotton belt Brad
streets advices indicate distinct i'm
provement in the eastern portion of the
belt.
BOOT and shoe shipments from
Eastern markets are smaller than last
week, but we'll ahead of last year for
the week and season. Orders are of
good volume, and quick shipments are
desired.
business failures in the United
States for the week we're 20S, as against
1899 last week, 202 this week year ago,
ia in 1899, 1888 in 1888 and go in 1887.
Canadian failures for tho week number
2s. as against % last week, 26 in this
week a year ago, 10 in 1899 and II in
| 1888. -
r. @. Dun & Co. IS Review says
"Woolen mills are more generally active
than at any time this year, orders for
heavy weight goods arriving in large
numbers. The light weight season will
soon open, and although it is expected
that concessions of from to 10 per
cent from last years prices will be
made, there is prospect of profitable
, uporntiuut uulenn Ju6 raw udIerlul
should advance. Some uncertainty 10
seen in the wool market, sellers making
futile efforts to secure hetter terms and
ultimately accepting bids at former
figures. The tone is distinctly firmer
and stocks at mills and in warehouses
decrease. In cotton goods the situation
Is unchanged. There was decline in
cotton below 915 cents, followed by
nil fu
tions failed TO show the desired i'm
provement. Foreign consumption is
light, judging by reduced exports. and
port receipts OF the old crop are still
liberal. These are ths depressing ele-
ments that keep prices u cent below
last year. Calmer counsel prevailed in
the grain markets, exaggerated dis
patches were discounted and variations
in quotations were less extensive. After
severe break from the best price last
Friday, wheat steadily advanced, as
the feeling became general that foreign
requirements would bring a new record
for exports, pvssibly exceeding 250,-
600, 900 bushels. Some of the heavy
crop may also be used for fodder in
sections where corn is deficient These
influences fully offset the effect of in
terror receipts for the week Of q, $50, 242
bushels, against only A, 1882, 253 last
year. Atlantic exports show a large
gain over last years figures. for the
week amounting to ), 9O2, 7I5 bushels,
against 1,84l Sol year ago. After
some reaction corn recovered most of
the loss, and holders showed their con-
tidence in values by marketing only
1861, 942 bushels for the week, against
4,4l6, 153 II year ago, although the high
price was distinctly reelected in At
lantic shipments of only l.176, $50
bushels, against 3. 96l, 496 in l90o.'