The record-union., 1898-11-12
The Volume of Business During
October Last
Greatest Ever Known in Any Month, Except
In December, 1892.
The Record for the Present month
Thus Far Also Shows Clearings
Over Ten Per Cent. Larger Ihan
Last Year-Large Increase
Noted in Foreign Trade.

NEW YORK. Nov. 11.-R. G.. Dun d
Co.'s Weekly Trade Review Will say
tomorrow: The country has saIely
passed the trial of off year electlons.
Before this election everything except
political uncertainties favored business
enlargement. The voume of trade has
been the greatest ever known IN Octo-
Der. and the greatest ever known IN
any month. except December, IS92
The record in November thus far
shows clearings 10.4 per cent. larger
than last year, and 9.3 per cent. larger
than in 1892. The railroad earnings
in October have been % per cent.
larger than last year, ana per cent
larger than in 1892.
Foreign trade shows an increase OF
20 per cent. in October in exports, with
3S per cent. in exports from New YORK
last week, while imports showed gain
of only - per cent. in October ana
credits against foreign bankers We're
piiing up at an inconvenlent rate.
There was absolutely no anxiety about
the currency, and the treasury IS only
too strong When enormous exports OF
products are considered, it seems quite
impossible for the country to meet with
any serious monetary trouble, especial
ly in view of past surplus in favor OF
this country.
Wheat declined nearly l cent, but re-
covered all the loss, with Atlantic ex-
ports. (flour included) of 3,33S, o09 bush
els, against 3, 2G4 ,4S9 last year, and Pa
cific exports 1,016,961 against 1882
252 last year. Western receipts, -
924. .045 bushels for the week, against
7,255,514 last year, continue to render
the holding back of stocks manifestly
a failure.
Cotton remains at the lowest prices
on record, with heavy receipts and
without large milling demand.
Iron production November 1st was
DDS, ,925 tons weekly, against 21o,6oo
October 1st, and a decrease is seen of
81, ,241 tons in stocks unsold outside the
holdings of the great steel companies,
indicating an actual consumption of
019,6 6f6 tons in October, and 2S3 tons
greater daily than the largest ever
shown in any previous month on rec
ord
Wool sales for the past week were
only I, 130, 900 pounds at the three chief
Eastern markets, and were secured by
concessions at all markets as last week,
making 1921 900 pounds, against 49,
652 902 for the same two weeks last
year. and in l., ,2S9 600 for the same
weeks in 1892 Holders are refusing
to abate their prices, because of their
uncertainty in regard to the demand
for wooden goods, which has somewhat
improved and yet not greatly. 1t is
growing in the minds of holders at the
East that the supply of the foreign and
domestic wool on hand is much greater
than has heretofore been supposed.
Cotton goods are, on the whole, in bet
ter demand, although 'denims are
Slightly lower, and little can be said of
encouraging character as to the de-
mand for staple goods of domestic use.
Failures for the week were 211 in
the United States, against 291 last year,
and 26 in Canada. against "a last year.
NEW YORK, Nov. 11.-Bradstreet
tomorrow will say:
While the influence of the elections
and of unfavorable weather has been
such as TO temporarily reduce the vol
ume of current trade, the innate strength
of the general trade situation is shown
by the very satisfactory reports re-
ceived as to bank clearings. railroad
earnings, prices and other measures of
business development. AS is we'll
known, for some time the iron trade
has been rather bare for new business.
and the desire to see the elections over
before new contracts were made has
been frequently expressed. It is, there
fore, a significant feature that this
week more inquiry is to be reported for
pig iron, and although new orders are
not as yet numerous, this fact itself is
an encouraging one particularly as a
further gain in production during Oc-
tober is reported. In the steel trade
there is rather more anxiety for new
business, and some. price shading TO Sc
cure it is reported. The mainstay of
the allied industries at present is un-
doubtedy the immense export demand
which is taxing the available freight
room capacity to accommodate, and.
with the strength abroad, is likely to
furnish needful outlet the coming
winter. The steel rail commission is
.uL q u