The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-21
ISUNPRECEDENTED.
The Gain in Volume OF Business is
Unexcellcd
AND EVERY DAY.ADDlNGTo ToIT.
IL. q. Dan & Co.'S Weekly Review orTrads
aiak.s an Encouraging showing -Du,i-
ness Men Generally Pursuing a Com
servntiye course--The Great Incrsa,e In
tho Exports OF yyheat-Cause or Tho
Decline In Iron and Steel Products.

NEW YORK, Nov. COR. G. Dun &
Co.'s weekly review OF trade Tomorrow
Will say: &
The gain In volume OF business con-
tlnues entirely without precedent.
Moro than, three hundred and ninety
establishments have started work since
the election, which were idle, and at
least three hundred have increased
working force, making six hundred and
ninety concerns which are known to
have added largely to the number OF
hands at work, and these are only
part of the whole number.
Every day thus adds thousands to
the number OF those who are able to
buy a weeks supplies, and to make up
gradually for many months OF enforced
economy. Already this brings great
increase in the volume OF business and
the clearing house exchanges for the
first time In several years, not only ex-
ceed those Of last year by 10 per cent.
bu: also exceed those OF the Same
week in 1892 by nine per cent. Business
men are oil anxious TO prevent any
thing like the fictitious excitement OF
last summer and In nearly all branches
an excessive rise in prices Is prevented
But with more hands ut work there Is
Inevitably greater demand for sup
plies, materials and products.
TIE speculative markets have been
reactiag, which Is also natural. Wheat
had risen with wonderful rapldlty SO
that exports had been checked by the
higher prices and realizing started q
break which made the close Sbc lower
for tho week. It appears that Pacific
exports OF wheat, flour Included, were
nearly 100000 bushels larger July to
November than last year and all 9TH
er exports about 15.S00o0O bushels lar
ger or more than 80 per cent and in
November Atlantic exports have been
4,i9i, JOG bushels, -four included. against
4.763745 last year. The demand for
freight room, both here and on the Pa
ciflc coast, Is still so large US to dis
close an extraordinary foreign demand.
Western receipts for the month thus
far have been only 14,796,SSS bushels,
against 23,3eS,311 last year, but the Wis
ible stocks continue to increase, al
though the milling returns slightly ex-
coed those OF last or any previous year.
y Cotton has declined from to 7.62
cents, in spite OF the starting of many
cotton mills and the controlling fact for
the moment Is that reports OF yield
smaller than 5000, 600 bales are now en-
tlrely dlscredited. The quantity COM
Ing into sight has exceeded last years
by $780, 900 bales, and it Is not expected
that the decrease In the remaining
months of the year will bring the ag-
gregate below S,500,O00. The export de-
mand does not abate, although tempo
rarily checked while the prices were
above eight cents and the increase OF
so,4eo,o0o in value OF cotton exported in
October contributed more than any
other single item to make the aggre-
gate. exceed that OF the same month in
any previous year.
In 1884, when all Europe was scramb-
ling for American wheat, the value OF
all exports was In one month, Decem-
ber, about 100000 larger than last
month, but In no other month has that
record ever been exceeded, and 1t Is
noteworthy, with the Increase above
named in cotton and increase Of $780,
900 in breadstuffs, and S1,4O0, 900 In pro-
visions and oil and there was still IN
increase Of $S.i00,00o In miscellaneous
products. In November thus far, the
gain, OF New York exports has been
81 per cent and for the last week 40 per
cent, the latest week having been the
largest on record since the second week
OF October. 1890. while imports were II
per cent smaller than last year for the
week and % per cent smaller for the
month thus far. Under these csrcum-
stances, in spite of heavy payments OF
loans abroad, the movement OF gold
this way would undoubtedly be resum-
ed IL foreign buying OF American Sc
curIties should set In. #
In transition period, Industries re-
cord gains slowly, but the slight de-
cline In prices OF Bcssemer pig Iron and
OF finished products OF iron and steel Is
partly due to realizing on speculative
purchases before the. election and part
ly to the selling OF nails by jobbers be-
low the combination price. Fer most
manufactured products OF iron there Is
better demand and slow advance In
prices.
Failures for the week have been three
hundred and forty-four IN the United
States. against three hundred and
twenty last year and forty In Canada,
against forty-two last year.
.