Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-10-21
FIRM In ALL LINES
Protected industries Give Free
Trade the Lie.
BITTER PILLS FOR DEMOCRATS
Commercial Reports Show Wonder
tut Increase Over Last Years Bush
nsss-Unable TO FIJI Orders.

mSEw YoRK, Oct. 20.-R. G.. Dun 4
Co.'s Weekly Review OF Trade Will say
sky, unless the state OF forelgn trade
be one. All home trading Is OF enor-
nous volume. making an aggregate OF
bank exchanges outside of New York
thus tar n October, never equsiled IN
the same month of any previous year.
the excess over last year being about
IA per cent and over 1890. when Octo-
Der transactions were the largest on
about per cent. Prices are low, but
merchants are pressing for more bust
ness at the same rates. All domestic
industries are crowded with orders and
works, as a rule, are fully employed,
many being pushed to overtime by the
urgent demands resulting from an I'M
precedented distribution of goods.
Money markets are fairly supplied and
there is reason 10 hope that some re-
turn of gold from Europe is not far
distant.
Exports IN September were but $685.
9i9, go IN value, against So2,9oi, 900
last year, a great decline. due manly
TO the fact that last years movement
was far behind all precedent; ship
ments Of wheat were light, more than
half as large as last years. and the
average price S0sc against Sl.Oi1 last
year.
Increase in exports.-Cotton exports
were Il 100000 pounds less and the
price 1928 against 1897 last year. OIL
exports were larger, 65,0O0,0 900 against
90, 000. 900 gallons, but the price was
one cent larger. In all there was a loss
of about $4,000, 900, due TO changes in
price, and about $4,000, 900 due to de-
cline IN quantities of chief products.
A good sign Is that exports or minor
products are on the whole nearly as
large this year In September as they
ever have been. When 1t IS remem-
bered that last years exports were the
greatest ever known in September by
about $l4 900. 900 the decline seems less
surprising. Imports last month were
| $72, 993, 023 in value against Sol ,5Oi, 73l
| last year, but here again the COM
psrison is with an exceptional month
! for IL 1890, September imports were
| $40, 939,742 in value. Net exports OF
specie last month were 81 ,234, l27 gold
| and 81 100, sos silver which would have
| been increased had money not been sc
| cheap abroad. The money markets
are nowhere stringent, notwithstand.
| ing the unusual delay of returns from
the west or from Europe.
The market money has risen from 81
| TO 8 per cent on call, and there is q
more active and tlrmer market at Chi
csgo, but nothing like monetary pres
sure Is reported from any quarter. The
! treasury has taken in 100000 more
| gold than IL has put out during the
| week, and has put out 100000 more
silver, but has added TO the circulation
| $4,000 In notes.
Big Deal in Bonds.
An event, believed to be of consider
able Importance as harbinger of a
change in the tide, is the sale of three
considerable blocks of railroad bond.
to Europe. said to aggregate over
$4,000, 900 IN value. Foreign exchange
has declined from 1851 20 1856, and ndi.
cations favor further decline as the
exports of products increase. The re-
|
| indicate the tone of business at the
| west. Merchandise sales in the leading
| lines are larger than last year, and a
great number of buyers are In town.
and business in dry goods and clothing
is expected to be brisk early next
week. Collections are good. real estate
dealings heavier, amounting to over
$4,000, 900, and bank clearings 90 per
cent larger than last year.
| Receipts of corn are six times last
yeer's, of flour. wheat, oats, rye and
barley. double last year, and of dressed
beef, nearly double, an increase of sc
per cent. is seen in cheese. butter and
hides. and of % per cent. in wool, while
| IN live stock there is q slight decline
Receipts of lumber for SIX days were
| 60, SOC, 900 feet and of shingles $685..
| 900. At other western points transac
tions are enormous, and several cite,
| report railroads blocked by the amount
| of freight offered. At the east, busi
ness has been more active since the
great celebration and in volume never
| equalled.
Cannot FIN Orders.
The textile manufacturers continue
| the extraordinary activity fully de
scribed in recent reports. In printing
| cloths there is something like corner
| in three and FIVE yard sheeting., the
chief production Is sold into January
and silk goods are dearer. The claimi
against the wooden looms never were
so large ana orders seem to increase
about IN proportion to the enormou,
| distribution. In boots aud shoes the
season is theoretically closing, vet bus
mess ia large and works all busy and
some cannot meet their orders in ri,
weeks. Many orders come daily by
mail. with urgent demands for immedi
| ate use, go that stocks are we'll closed
out and many hands have been az work
| over three % four months.
Shipments from Boston for the week
| according to the shoe and Leather Re
p'rter. were 1921 cases agsinst e.. 90
Last wear and for the year thus far
2 .04l .405 cases against sol $50 las
wear. and 2.076.l7a in 1859. Yet -
Louis Is making $500. 600 pairs of shoe
yearly against 400, 900 ten years ago.
Advance IN Prices
The iron industry feels the lmpulst
| OF increasing demand and PRACTICAL,
for plates and structural forms. suci
works being al crowded and create
I demand from sh,p Yards - expected
/ while TIE market for har i moderated
| 20 d. Notwithstanding the large
| production q DC iron the market +
| stronger and some grades have slightly
{ A.