The San Francisco call., 1898-11-14
A PHENOMENAL OCTOBER,


 out the country already apparent Al
 \ along the line general quickening in trade i noted The result is accepted not only in this coun try but in Europe as sign that sound financial pr1n ciples will continue to rule in the United States, ant that visonaries and theorists will have no voice II shaping the commercial and monetary affairs of the nation England was quick to perceive this, and a: soon as the result of the elections was definitely known English buyers appeared i'll Wall street ano bought stocks and bonds heavily. The Continent too shared the confidence of the English, and pur- chased freely Under this foreign demand tor our securities the whole market showed pronounced i'm provement On Thursday the sales Of stocks on the Exchange were over 7ooooo shares, and Of bonds about SIoooo,ooo the largest bond dealings in the history of the New York Stock Exchange. The sus- pension of business on election day, however, told upon the country's bank clearings, which showed a falling of for the week of 6o per cent The weeks failures were I87 against 273 for the corresponding week in 1897.
 In spite of the depressing influences of the ap- preaching election, however, October was phenom- ena month, showing the largest volume ot trade to1 any October, and the largest ever known in any month except December 1892. The railroad earn ngs showed gain of 52 per cent October, 1897 and foreign trade an increase of 20 per cent The consumption of iron during the month also the largest on record, footing up I,oIo64o tons. Al present writing however, the iron trade is queter
 The other staples, while rather active than for some time back are not in very satisfactory con- dition Cotton remains the lowest prices rec ord with heavy receipts and small demand on mill ing account Wool still abors under the depressing influence of large foreign and domestic supplies, and as holders generally decline to give concessions tc buyers the market remains dull, though business is not as depressed as it some time ago. Wheat fel in he rte frOn country were larger than during the week 1T 1897 The distributive trade of the country con tinues fair on the whole, while in the West anC Northwest 1t keeps up to its old remarkable volume The money market is in good shape the large ex ports creating feeling of confidence in the future funds. In this connection the monthly summary O commerce and finance, just issued by the Treasury Bureau of Statistics will be read with interest by every patriotic American During the nine month: ending September 30 the country increased its ex ports 100000 and decreased its imports by $II3, 100000 To Europe we increased sales iron S5688o515o to $666o86,53o while purchases were cut down from $332,3o4o84 to $24o8637I4. To Nortf America our sales increased from 1862 86o $IoS o3I837 while our purchases fell from $84,5II466 tC $76o485Io To South America exports in creased from $2487I 545 to $25,323o42 while our i'm ports from that part of the world fell from $7865o, 642 to $63,5I3873. To Asia and Oceanica our e2s ports increased from $45784,34o to $54,4o5,383; ou imports also increased from $85oo4,867 to $8825oo6o this being mostly due to an increase in imports O raw silk for use in the factories of the United States To Africa our sales increased from $1I,o34,338 tc $I3555o75 while our imports decreased from $8 I86 o8o to $6674827.
 The above Is one of the very finest showings eve made by the United States and it is this which such widespread feeling of confidence in the future
 The local situation shows no marked change Th continued dry weather is causing uneasiness among farmers and stock men, the grass has disappeared from the ranges and the ground Is too dry for blow ing in many sections of the State It is yet altogethe too early to talk about dry winter, but last winter experience has made the farmer cautious Country credits have not yet been affected however and col lections keep Up to their normal standard Still tn, country needs rain, and until it comes the tendenc, will be toward conservatism all around
 The leading staples of the State are about in tn condition as in the East. Wheat has fallen of in sympathy with Chicago, and barley has also weak ened. Oats however, have advanced A slight de cline in hides is noted. Hopes have advanced bu wool is still in the dumps Provisions show nc change whatever, but hogs have gone up slightly The dried fruit market remains dull but raisns ar very firm at further advance Dairy produce i showing the effects of the dry weather and the ten dency Is toward higher prices Outside of thes, items the local situation exhibits little of interest
 The hanging of thirteen West Africans for the mur der of missionaries calls mind and strengthens be lief in chestnutty old theory.
 It Is pleasing to learn that Victoria is fond o American girls, but far more important to know tha