The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1898-11-18
A Boom NowsLooksd For,
r. G. Dun & Co.'s weekly review
4. C.A..lax. sasA

r. G. Dun & Co.'s weekly review
Of trade of Saturday said:
1.-THE country has safely passed the
trial of "off year" elections, which
for 40 years have always shown a
tendency to change of policy, but
this year has intrenched sound money
behind a.majority imprcgnable for at
least four years in the Senate, and
has retained.a working majority for
sound money in the House, for
though some members classed as re-
publicans are for silver, as many
classed as democrats are for the gold
standard. Other business conditions
are not less favorable, and with labor
questions causing nosgeneral trouble,
with no anxiety about money and
with heavy crops met by large foreign
demand, there is every reason now to
look for Improvement. No doubt the
result of elections will also facilitate
the settlement of pending questions
with Spain.
Before this election everything ex-
cept political uncertainties favored
business enlargement. The volume
of trade has been the greatest ever
known in October, and the greatest
ever known in any month except De-
cember, 1892. The record of No.
vember thus far shows clearings 10 4
per cent larger than last year and 8 8
per cent larger than in 1892. The
railroad earnings in October have
been 5 2 per cent larger than last
year and 8 per cent larger than in
1892 Foreign trade shows an in
crease of 20 per cent in October in
exports, with 38 per cent in exports,
from New York last week, while i'm
ports showed gain of only % per
cent in October, and credits against
foreign Banners were piling up at an
inconvenient rate. There was and is
absolutely no anxiety about the cur
rency and the treasury is only too
strong. When enormous exports of
products are considered, it seems
quite impossible for the country to
meet with serious monetary trouble,
especially in view of vast surplus in
favor of this country.
Wool sales for the past week were
only $500 pounds at the three
chief eastern markets, and were Sc
cured by concessions at ali markets
as last week, making lS,234,900
pounds, against 16,652,902 for the
same two weeks last year, and 12.-
$4,000 pounds for the same weeks
in 1892. Many holders are refusing
to abate their prices, though large
manufacturers bid below current mar
ket prices, because of their uncertain
ty 10 regard to the demand for weel.
en- goods, which has somewhat i'm
proved, and yet not greatly. The
cause for the uncertainty as to the
demand for wool at the East is that
the supply Of foreign and domestic
wool on hand is much greater than
has heretofore been supposed. Cot
ton goods are, on the whole, in bet
ter demand, although slightly lower,
and little Can be said of encouraging
character as to the demand for staples
in domestic use. The boot and shoe
industry still hesltates because Of
high prices of leather and the orders
booked are nowhere near what they
should be for the season, buyers look
ing for lower prices of boots and
shoes, while manufacturers are wait
ing for lower prices of materials.
The money market has been prac.
tically unchanged although for best
paper slightly lower sales have been
made and there is heavy demand on
stock collateral.
Failures for first week of Novem-
Der were $l,646,535 in amount,
against S3,0O9,637 last year, of
which $247,314 were manufacture,
against 81 ,40S, 066 last year, and ST..
o47,221 were trading, against ST.
1886 last year. Failures for the
week were 211 in the United States,
against POI last year, and 26 in Can
ada, against "a last year.