The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1898-11-26
TRADE OUTLOOK IS GOOD.
All Lines of Business Reported to
Be Enjoying Very Fair
Sized Boom.
PAYMENTS THE LARGEST EVER KNOWN.
Iron i'm Big Demand and the Product
Constantly Increasing-A Number
OF Advances In Prices ia Various
mmodities-Compari sous of Ex-
ports Are Favorable.

weekly review OF trade says: 1.-The situa-
tion 10 clearer and the improvement In
election has begun Payments through
clearing houses are far the largest ever
known. for the week S7.S per cent. larger
than last year. and $50 per cent. larger
than In 1892. Tho glass workers have re-
sumed. the anthracite coal oulput Is heavy
and much beyond the present capacity Of
markets. the troubles In Illinois coal mines
have been settled aud the new strike OF
shoe workers In Marlboro. Mass. Is now
the only labor hindrance OF consequence.
1t Is noteworthy that In spite of all changes
the price OF spot wheat has but slightly
changed.
Iron In Big Demand.
Iron Is in bigger demand all the time
and yet production steadily increases and
u. Pittsburgh besscmer pig is slightly low
er. at $lo.lo. the new association being un-
dersold. Orders for plates IRE beyond all
precedent. including material for cars.
bridges vessels and work Of all sorts. and
structural work Is seasonably quiet,
though the mills have much ahead, while
u, bars the demand is considerably better
at Pittsburgh, with orders for material Of
5000 cars at Chicago Some works al the
east are short OF orders and prices are
held back. The expectation is that the
proposed raj association will meet an ex-
tremely heavy demand for the next year.
especially for trolley lines. but 1t Is stated
that prices will not be advanced above
80 at the east and S2l at Chicago. In iron
products the next will probably be a req
ord breaking year.
Failures for the week have been 23s in
the United States. against 267 last year and
.26 In Canada. against 50 last YEAR"
Bradstreet's Review.
Bradstrcet's says: evidence accumu-
ties that the good results flowing from
tho recent elections are no longer confined
t..tlrely to Improvement In tone and con-
hdence, though the active feeling infiu-
ences dealings In both financial and mer-
camille lines. Several substantial develop
nents present themselves this week. no.
table among which are number of ad-
'Vances IN prices. exceptionally few de-
clines thereof. growing strength In the pig
iron situation unprecedentedly large week
bank clearings. and remarkably good re-
ports as to export trade. not only In the
lines of foreign products but In enlarged
trade In manufactured products. Dls,ri-
button OF merchandise shows but little
change from recently preceding weeks. but
the growth IN confidence Is reflected In
very general reports OF improved collec-
lions on past business.
Foreign Trade Extcnsion.
"Frst and foremost In the line OF for
eiGn trade extension are the returns re-
Gently made for October. pointing to ex-
ports for that month larger than In the
corresponding month OF any preceding
year. second only TO those c. December
last year. and chargeable not SO much
.s formerly to enlarged export. OF farm
products. but to heavily increased exports
OF finished products of American Industry.
I, this connection specially good reports
come from the iron and steel industry.
which has thereby been rendered more
nearly Independent than ever before OF
fluctuations In domestic demand. The
strength In values Of all cereals (all tho
leading breadstuffs are higher this week.
Is Of course due to the constant foreign de-
mand more than efrectng very large gains
In domestic supplies. which. However. are
below any corresponding period for years
past. Comparisons of four months ex-
ports, July to October inclusive. point to
wheat and -four shipments little below
those Of last year. and only ten per cent.
below those OF 1891. the heaviest ewes