Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-12
BUSINESS OUTLOOK.
THE COUNTRY SAFELY THROUGH
TRIAL or ELECTIONS.
MONETARY lRou.JS IMPOSSIBLE.
There is Nh Anxiety About the Cur
rcncy, and the Treasury II Only
Too strong-Iron Export Dcmsad
Beyond all Dreams

NEW YORK, November ll.-Messrs. IL.
G. Dun & Co.'S weekly review OF trade
Tomorrow will gay:
The country has safely passed the trial
OF "ofr-year' elections. Before this cleo
ton. everything except political uncer-
tainties favored business. The volume OF
trade had been the greatest ever known
In October. The record Tor November thus
far SHOWS clearings 1914 per cent. larger
than last year, and sS per cent larger
than in 1852. The railroad earnings in oc-
tooer have been SIS larger than last year.
and so per cent lager than In ISL.
Foreign trade showed an increase OF 20
per cent. during October in exports. with
50 per cent. increase in exports from New
York las; week. while imports showed
gain of only q per cent. In October. and
credits against foreign bankers were
piiing up at an active rate. There Is alb
solutely no anxiety about the currency,
and the Treasury Is only too strong.
When the enormous exports OF products
are considered, IL seems quite Impossible
for the country to meet With serious
monetary trouble.
Wheat declined nearly cent. but re-
covered all the loss, with Atlantic AK
ports (iour included OF S.33S,J9 bushels,
against S,z74,l $50 last year, and Pacific ex-
ports, l0l6,96l. against 1881. so4 last year.
Western receipts--9, .0i1 bushels for the
week, against .25,5li last year-continus
TO render the holding back Of stocks
manifestly failure.
Corn has but slightly changed In price,
with exports OF 2,062,3i bushels, against
2,i74.66l last year, and an increase OK
more than a half In western receiptA
COTTON STILL Low.
Cotton remains at the lowest price on
record. with heavy receipts, and without
| large milling demand.
Iron production November list was u.s.
$50 tons weekly against H5,s3S October
LIST, and a decrease is seen OF 35.2A tons
| in stocks unsold, outside the holdings OF
the great steel companies, indicating an
| actual consumption OF l,0l9.S46 tons in
| October, about 2s3 tons daily greater than
the largest ever shown m any previous
month on record.
The export demand is beyond all
| dreams-40,000 tons OF rails for Northern
Europe and 10000 tons OF plates, besides
4,500 tons of billets from Pittsburg alone.
with great quantities Of bars. rods, wire.
and other finished products.
| L ne WORKS are generally uled Win or
ders. including many from ocean and
lake ship-yards. and many for cars, with
seasonable demand for other products.
The minor metals still advance. largely
with the London demand; tin to 1873 cents
and copper TO 1916 cents bid for Lake.
with lead steady at $40 l-2. In spite OF
heavy Mexican arrivals.
WOOL MARKET.
Wool sales for the past week were only
S,7S5,Ooo pounds, although three chief east
| ern markets were secured by concessions
at all markets, as last week. making
l8,3i.900 pounds against 1852. 902 for thf
same two weeks last year. and r. 2Sg. 90,
pounds for the same weeks In 1892 Many
holders are refusing 20 abate their prices
though large manufacturers bid below
current market prices because OF theil
Uncertainty in regard to the demand fol
woollen goods, which has somewhat i'm
proved, and yet not greatly. Ii Is grow
ing in the minds OF holders OF wool a
the East that the supply OF foreign anC
domestic wool on hand is much greate
than has heretofore been supposed.
Cotton goods are. on thu whole, In bet
ter demand, although denims are slight.
lower and little can be said Of encourag
ing character as 10 the demand for stap
goods for domestic use.
Failures for the week were 2li in tn
United states, against 29l last year an'
twenty-six in Canada, against twenty
four last year.