The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1896-11-28
DUN & CO.'S. TRADE REVIEW.
Phenomenal Improvement Reported, With
Exceptional; Exports Of Cotton.
A NvsBER OF CONCERNS START Up.

A NUsBER OF CONCERNS Start Up.
Increase Of Ten Per Cent. III Clearing
House Clearlnss-Whe It Goes Up
With Wonderful Rapidity-An ln-
crease In Failures.
R. G. Dun & Co.'S. weakly review
said Saturday: The gain in volume Of
business continues entirely without
precedent. More than 800 establish
ments have started work since the
election, which were idle and at least
800 have increased their working force,
making $50 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 num-
Der of those who are able to buy .
weeks supplies, and make up gradu-
ally for many months Of enforced
economy. Already, this brings great
increase in the volume OF business and
the clearing house clearings, for the
first time in several yeara, not only ex-
ceeds those OF Last year by 10 per cent.
but also exceeds those Of the same week
in 1892 by 8 per cent. Business men
are all anxious to prevent anything
like the fictitious excitement OF last
summer and in nearly all branches an
excessive rise in prices is prevented.
But with more hands at work. there is
inevitably q greater demand for sup
plies, materials snd products. The
speculative markets have been reacting,
which is also natural.
Wheat had risen with wonderful
rapility, 60 that exports had been
checked by the higher prices, and real
iziug started a break which made the
close 81 lower for the week. It OPP.
pears that Pacific exports Of wheat,
-four included as wheat, were nearly
5000. 600 bushels from July to Novem'
Der more than last year and all other
exports about 15,8o0,000 bushels
larger or more than so per cent. and
in November Atlantic exports have
been I, 1914, 10G bushels, flour included,
against 4,763, 645 last year. The de-
mand for freight loom, both here and
OH the Pacific coast, is so much larger
as to disclose an extraordinary foreign
demand. Western receipts for the
month thus far have been only 14,798,-
S6s bushels, against 23,39S,311 last
year, but thu visible stocks continue
to increase, although the milling re-
turns slightly exceed those of the last
or any previous year.
Cotton he's declined from 5 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 3,000,0 600 bales are
now entirely discredited. The quaint
ty coming into sight has exceeded last
years by $4,000 bales, and it is not
expected that the decrease in the
remaining months of the year will
bring the aggregate below $500, 900.
The export demand does not abate, and
the increase Of 90, 100000 in value of
cotton exported in October contributed
more than any other single item to
make the aggregate exceed that OF any
of the same month in any previous
year. In 1891, when all Europe was
scrambling for American wheat, the
value Of all exports was in one month,
December, about $1,000, 900 larger
than last month, but in no other
month has that record been exceeded,
and it is noteworthy, with the increase
above named in cotton, an increase
OF $7,600,000 in bread stuffs, and
81, 100000 in provisions and oil.
there was an increase Of SO, 400, 000
in miscellaneous products. In Novem-
Der thus far the gain OF New York
exports has been 81 per cent, and, for
the last week 20 per cent, the last
week having been the largest on rec.
ord since the second week OF October,
1890, while imports were II per cent
smaller than last year for the week,
and 20 per cent smaller for the month
thus far. Under these circumstances,
in spite of heavy payments on loans
abroad, the movement of gold this
way would undoubtedly be resumed, il
foreign buying of American securities
should set in.
Failures for the week have been 344
in the United States against $50 last
| year, and 40 in Canada against AZ last
year. ~. -.
Bryan Addresses Large Crowds.