The star. (Reynoldsville, Pa.) 1892-1946, 1898-11-09
TRADE REVIEW.
Volume of Business Not Diminishing Election
Does Not Affect the Market.

Volume of Business Not Diminishing Election
Does Not Affect the Market.
II. G. Dun & Co.'S weekly review of
trade for last week reports as follows:
Not even the election has disturbed
business or industries on the financial
side this week. The volume of busi-
ness through clearing houses Is S5 per
cent larger than last year and 1.54
per cent. larger than in 1892. While
political doubts may count for much
they can only have prevented a
growth of business which might have
been much more than has been rea-
liZed.
Failure returns for October are cur
iously puzzling, because, while the
small failures compare remarkably
well with those of previous years and
Also the failures of $4,000 or more in
about two-thrds of the business
classes, there were large failures in a
Few branches, not generally due to
present business conditions, which
made the aggregate si4,O0OOO0, but
neither the Sawyer woolen failure,
nor others. excepting perhaps. some
in machinery and boots and shoes.
and leather, indicate difficulties be-
yond those of the particular concerns
falling.
Neither the volume of business nor
the value of manufactured products
diminishes. While bessemer pig Is
sold against the combination at Pitts
burg 10 cents lower, with other iron
there and elsewhere steady. the gen.
eral demand crowds closely on the
heels OF production. Billets and steel
Dars, owing to prospects regarding
combinations, are a shade lower and
prices of steel rails have been with
drawn because reports promise a sin
gle corporation to handle all the rail
reproduction, l,S00,000 to 10000 tons
yearly; but plates are supported by
heavy railway demands at Chicago
and at Philadelphia for ship yards,
the bar mills are crowded at all west
ern works, with steel preferred to
iron, in spite of the season new struc-
tural orders are very satisfactory.
and pipe works at Chicago are far
behind on deliveries. while sheets
there are strong.
Wool holders at Boston have dis
covered the falsity OF reports which
they have long believed about the
available stocks in this country and
have begun selling largely at conces-
sions said to be several cents" per
pound. The weeks sales at the
three chief markets We're 10,797,4 400
pounds, against 9957,902 pounds last
year, and 1861, 600 pounds In 1896, but
only S.2l5,0O0 pounds in 1892. The
cheering fact is that the large manu-
facturers are now buying with conf
dence that at some reduction in the
cost of material the business will pay.
Cotton is again at the lowest point
ever known, 5.31 cents for spot, while
Mr.. Neill estimates a crop of II, 500 900
bales, besides large stocks brought
over here and abroad.
Wheat exports continue very large,
amounting to 4.699.576 bushels from
Atlantic ports, flour included, against
3,2S7,53 bushels last year, and 1,029,-
S38 bushels from Pacific ports, against
1,502,252 bushels last year, but the
heavy exports have been much more
than matched by western receipts OF
9.4S0092 bushels, against 1900, 993
bushels last year. and prices have not
changed materially.
Corn goes. abroad largely. 3,011,0S5
bushels during the week, against
1.s12.s4s bushels last year. and prices
are well held.
Failures fr the week have been 1914
In the United States. against 276 last
year and 2s in Canada. against 80
s~~s s~~ss