The Union times. [volume] (Union, S.C.) 1894-1918, 1896-11-27


Dradstreet Ana &. q. Dun q Co.'s
weokty Review Of Trade.
r. @. Dun q 90. say, ssThe gain in vol.
ume Of businsas continues entirely without
precedent. Moro than 800 establishments
have stated work since the election which
were idle and 1t lsnst 500 have increased
working force. making 800 concerns which
arc known to have added largely to the num-
Der At work, and these are only part OF the
whole number. Every day thus adds thou
sands to the number OF those who are able to
buy weeks supplies, and to make up
gradually for many months Of enforced
economy. Already this brings greas in
crease IN the volume Of business and the
clearing house exchanges for the first
nme In several years, not only exceed those
OF last year by 10 per cent, but also exceed
those OF the same week an 1892 by Q per cent.
business men are all anxious to prevent any
thing like the fictitious excitement of last
summer, and In nearly all branches an ex-
cessive rise in prices Is prevented. But with
more hands at work there is inevitably a
greater demand for supplies, materials and
products. The speculative markets have
been reacting. which is also natural. Wheat
mad risen with wonderful rapidity, 30 that
exports had been checked by the higher
price, and realizing started break which
made the close 8 7.Sc lower for the week.
Cotton has declined from to 1852 cents, in
spite OF the starting Of many cotton
mills, and the controlling fact for the mo-
mement 10 that reports Of yield smaller than
S,o0o,OOO bales are now entirely discredited,
Inc quantity coming into sight has exceeded
last years by 800, 900 bales, and 1t is not ex-
pected that the decrease in the remaining
months OF the year will bring the aggregate
below $500, 900. The export demand does
not aoate, although temporarily checked
n,~,,a \ a T..
crease OF $9, 400 900 In value OF cotton ex-
ported In October contributed more than any
other single item to make the aggregate ex-
ceed that OF the same month ia any previous
year. In spite OF heavy payments on loans
abroad, the movement OF gold this way would
undoubtedly be resumed II foreign buying of
American securities should set in Failures
Ior tho week have been 344 In the United
states. against $40 last year, and 40 in Canada.
against AZ last year."
Bradstrect says; "Jobbers and other whole
SAFE dealers In general merchandise do not
report the anticipated increase In the volume
OF goods distributed this week. The mild
weather had an unfavorable influence but
the sharp drop in tho temperature incines
TO stimulate the demand for seasonable fab
rlcs. There are increased purchases OF holi-
day goods and the tone of the market for
staples Is one OF encouragement. Relatively
the heaviest demand has been for dry goods,
shoes and groceries, but even in these lines,
particularly dry goods, the volume has been
smaller than expected and disappointment is
result. There has been no decrease in the
Jobbtng trade. In fact, it is slightly larger
than week ago. In most lines tending to in
crease.
I'm addition to changes In the price noted,
the week Is marked by reactions for wheat,
corn, oats, sugar. turpentine. pork, lard
coffee. petroleum. Wheat -four advances, as
do several varieties OF lumber. iron sheets
and tobacco. Combinations among iron and
steel makers are expected to advance or
maintain recent advances for nails, bar iron,
steel beams, rails and billets and other forms
of steel"