New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-06


bituminous coal mining and 20 per cent in iron
furnace work and worcted mills. These are
changes which materially affect the purchasing
power Of the people. and accordingly the de-
mand for products has much enlarged the
transactions Of manufacturers and dealers Peo-
pie are not dreaming nor going crazy. but reanze
that the best results yet to come. although
they have gained enough in five months pas, u
make this year memorable.
The pessmists did not have things ent'reiy
their own way in the stock market last "eeh'
for there was not merely a general ADVANCE
averaging for railway stocks over W cents per
share and for the trust stocks 81 20 per snare
during the week. but there was change IN
the character OF the buying which Is considereo
much more important than the actual ADVANCE
secured in prices. The sales much more Una"
doubled. which would be small matter Ny
Itself. but in place OF markets apsorpeu ny "'
and Sugar pyrotechnics there were ae'""n'
$4,000 shares sold OF the nine most acuVe ran
UNIV stocks which is more than the aggregate
sale NJ all kinds OF securities the week peiore
and there were also nearly 100000 shares sold
~ miscellaneous railway and other stocks. IN
c,udine none OF more than $4,000 shares This
was n fair answer to the highly encouraging
reports OF railway earnings. which on all roads
within the United States reporting FOR any part
OF November have been 900 per cent larger than
last year. and 81 per cent larger than In 1917
with Mexican and Canadian roads inciudeo
as in most statements. the proportion OF increase
would be still greater. The progress OF heso'"
lions for refunding the Rock Island lnuepteo"o'.
had marked influence also. and the week c'oSeu
with hopeful Indications OF continued Improve
ment. -.
NH oh m
in November. THE Financial Chronicle" states
u.o. or.at.r than WAS ever recorded in any
pr,v,ous month, and Il Is worth while 20 Cd
serve that II IL 10000 bales greater than came
into sight IN the same month OF 1S04 when
Tho Weld was the greatest ever known II Is
not 70 be inferred that increase Will con-
,,nuc IN later months IN comparison with those
n, 1904 for IN that year the weather was ex-
ceptonaIly favorable late In the season. while
killing frost has already been experienced IN
most sections But the future outcome Is
matter OF conjecture. while the thing certain Is
that 3O1 900 bales more have come forward so
far than in 1904 TO date. With such receipts
and decision by English mill workers prooa-
blv insuring an extensive strike. II II not sur
prlsing that the price has not gained during the
last week. 1t Is. indeed. remarkably low. but
the receipts from plantations have also been re-
markedly large
The weary seesaw OF the wheat market stu
continues. One week the price climbs up 20 81
per bushel or higher. and the next week 1t drops
back as easily Last week the prevalent yarn
was that Plllsbury and some other people had
made a corner which did not appear to affect
the price In the least. but with the beginning
OF this week no doubt an entirely new set or
r,imors will appear. The stories count for III
tie in the presence of the enormous movement
Of grain The actual shipments from all ports,
Atlantic and Pacific. during the last 1--WE weeks
have been almost 30u0.c0 bushels. -four In
cluded. and tho receipts at the principal west
err ports were 3806252o bushels. against
20 ST. 400 last year. The latest weeks exports
are said TO have been the largest on record. and
II IA quite important 20 Observe that. notwith-
standing the exceptional outgo OF wheat. the
exports OF corn also continue unusually heavy.
Perhaps this movement is on the whole. more
conclusive evidence OF the actual scarcity OF
breadstuNs In foreign markets than any other
that has yet appeared this season.
The event Of the week In the iron manufact-
ure was the meeting 20 create combination
controlling oil branches Of the wire production
II IL believed that the negotiations TO that end
have been successful. although. as in other
cases where actual cash prices have 10 be fixed
and paid on important WORKS there is always
room for fatal disagreement as long as the
anal settlement for a single one OF the estab-
lishments has yet 10 be made. II is intended TO
embrace the production OF steel, OF rods. OF wire
and wire rails under control OF single cor
poration. The sad experience OF last years
combination. which covered substantially the
same line OF business. does not appear to have
deferred the manufacturers or those engaged in
reviving the organization. In other respects
the markets have changed comparatively little,
and not more than might naturally be expected
with the holidays drawing close at hand. The
sales Of wool have fallen or 30 greatly as TO
indicate a probable yielding in prices In order
to secure transactions. but quotations are
nevertheless changed but little and reports In
dictate that nearly all holders very stir In
their views being assisted effectualy by the
unusual strength OF foreign markets.
II the story OF the cure OF a sprain by baking