The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-11-12
GREAT OCTOBER TRADE.
Business the Largest of Any Month,
Except December, lS92-Novem-
Der Bids Fair to Break the Records.

New York, Nov. ll.--R. G. Dun and
company's Weekly Review of Trade
will say tomorrow:
The country has safely passed the
trial of "off year" elections. Before
this election everywhere except polit-
ical uncertainties favored business en-
ldrgement. The volume of trade has
been the greatest ever known i'm Oc-
,ober. and the greatest ever known
in any month except December, 1892
The record for November thus tar
shows clearings 1914 per cent. larger
than last year, and .. per cent. larg-
er than IN 1892. The railroad earnings
in October have been - per cent. larg-
"r than last year. and so per cent
larger than in 1892. Foreign trade
shows an increase of 20 per cent. in
October exports. while IS per cent. in
exports from New York last week.
while imports show n gain of only
=. Der cent. in October aud credits
against foreign bankers were piling up
at an inconv nient rate. There was
and is absolutely no anxiety about the
currency, and the treasury is only
too strong. When enormous exports Of
products are considered. ii seems quite
serious monetary trouble, especially in
lew of the past surplus in favor Of
tins country. Wheat declined nearly
cent, but recovered all the loss. with
Atlantic eXnorts, flour included. of
S,533, 500 bushels. against 3,274.lSg last
year. and the Pacific cXnorts I.0l6.DNl
agGinst l.5923j2 last wear Western
receipts 9,924045 bushels for the week.
against 1,255,51i last year. continue to
render the holding back of stocks man
ifestly failure. Corn has but slight
ly changed in price, with exports 2OG2 =
33l bushels against 2.474.6iI last year.
and an increase of more than Il half
in western receipts. Cotton remains
at the lowest price on record. with
heavy receipts and without large mill
ing demand.
Lon production, Nov. I, was 21S. .c@I
tons weekly against 2l5.63j oct. l.
and decrease is seen of 1921 tons
in stock unsold outside the holdings of
the great steel companies. indicating
an actual consumption of 1.019, ,646 tons
in October, about 2S3 tons daily great
er than the largest ever shown in any
previous month ON record. The pN-
port demand is beyond all dreams,
10000 tons rails for Northern Emope.
and 100000 tons plates, besides 4.50O
tons billets from Pittsburg alone. with
great quantities OF bars, rods, wire
and other finished products. The works
are generally filled with orders in
cludinS many from ocean and lake
ship yards. and many for cars. With
scaSonablC demand for other products
The minor metals stin advance, large
ly with the London demand. tin to
M" cents and copper to l2.62 cents
bid for lake, with lead steady at 3.T2la
in spite uf heavy Mexican arrivals.
Wool sales for the past week were
only 1,i"I, 900 pounds at the three chicf
eastern markets and We're secured by
concessions at all markets, as last
week, making lN,2Si.9O0 pounds against
1862 SO2 Tor the same two weeks last
year, ana l2,2S9 900 pounds for the
same weeks in 1892. Many holders are
refusing To abate their prices though
large manufacturers bid below current
market prices because of their unccr-
tainty i'm regard to the demand for
WOODEN goods, which has somewhat i'm
proved and yet not greatly. 1t is
growing in the minds of holders of
wool at the east thai the su'p!y Of
foreign and domestic Wum D. md is
much greater than has heretofore been
supposed, Cotton goods are on the
whole IN better demand, althOugh dem
inns are slightly lower ana little can
! be said of encouraging character as
/" the demand for staple goods of
domestic use.
Failures for the week were 2Il in
? I'M. DltHI SIu,gS ,oa,p..t Du1 lac, ,.,,,,
ana 20 in Canada against "a last year,