The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-21
GAIN IN TRADE VOLUME CONTIN-
UES WITHOUT PRECEDENT,
SAYS DUN'S.
REFLECTED IN CLEARlNGS.
PERCENTAGE of INCREASE SHOWN
FOR THE FIRST TIME IN
MONTHS.
nRADsTREETs is CONSERVATIVE.
Business Tone Is Confident, but Ac-
tuaI Distribution Smaller Than
Had Been Expected.

NEW YORK, Nov. 20.-Dun & Co. IS
weekly review of trade tomorrow will
say: The gain in the volume of bust
ness continues entirely without prece-
dent More than $50 establishments
have started to 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 a part of
the whole number. Every day thus
adds thousands to the number of those
who are able to buy a weeks supplies
and make up gradually for many
months of enforced economy. Already
this brings a great increase in the
volume Of business, and the clearing
house exchanges this week, for the first
time in several months, not only exceed
those of last year by 10 per cent, but
also exceed those of the same week in
1892 by per cent. Business men are
all anxious to prevent anything like
fictitious excitement and nearly all
branches have seen a rise in prices.
There are greater demands for supplies,
materials and products.
The speculative markets have been
reacting, which is natural. Wheat had
risen with wonderful rapidity, so that
exports had been checked by the higher
prices and realizing started a break
which made the close 37Bc lower for the
week. It appears that Pacific exports
of wheat, flour included, were nearly
100000 bushels larger July 1 to Nov.
1, than last year, and all other exports
about 15,S00,000 bushels larger, or more
than so per cent, and in November, At
1antic exports have been 4,494, 106 bush
els, flour included, against 4763,745 last
year. The demand for freight room,
both here and on the Pacific coast, is
still so large as to disclose an extra
ordinary foreign demand. Western re
ceipts for the month thus far have been
14,S8S,000 bushels against 1888 331 bush
els last year, but the visible stocks con-
tinue to increase although the milling
returns slightly exceed those of the
last or any previous year.
In 1891, when all Europe was scramb-
ling for American wheat, the value of
all exports was in one month, Deem
Der, about $7,0000 900 larger than last
month, but in no other month has that
record ever been exceeded and it is
noteworthy with an increase in cotton,
Of $7,600000 in breadstuffs, and 81, 400. 900
in provisions and oil, there was still an
increase of $8,400,000 in miscellaneous
products. In November thus far the
gain Of New York exports has been q
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 IL
Per cent smaller than last year for the
week and 25 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 I'm
dOubtedly be resumed if foreign buying
Of American securities should set in.
Failures for the week have been 344
in the United States against 800 last
year, and 40 in Canada against AZ last
year.