The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-12
DEMAND BEYOND ALL DREAMS.
VOLUME OF IRON BUSINESS LEADS
THE WEEKS TRADE LIST.

PittsburE Ships 10000 Tons of Rails
and 1880 Tons of Billets to North
ern Europe During the Past
Month - October Trade This Year
the Greatest ON Record - No
Anxiety About Currency and
Treasury Strong Cotton Remains
at LoVy-Water Mark.
New York, Nov 11.-R. G. Dun & Co.'S
weekly review of trade will say to-mor-
row.
The country has safely passed the trial
of 'off-year' elections. Before this cleo
ton everything except political uncertain
ties favored business enlargement. The
volume of trade has been the greatest ever
known in October, and the greatest ever
known in any month except December,
1892. The record of November thus far
shows clearings 1O.4 per cent. larger than
last year. and 90 per cent. larger than in
1892. The railroad earnings in October
have been 80 per cent. larger than last
year and so per cent larger than in 1892.
Foreign trade shows an increase of 20 per
CNNS'NA
cent. in exports from New York last week,
while imports showed a gain of only % per
cent in October, and credits against for
eign bankers were piling up at an inconve-
nient rate. There was, and is. absolutely
no anxiety about the currency, and the
treasury is only too strong. When enor-
nous exports of products are considered,
it seems quite impossible for the country
to meet with serious monetary trouble, es-
pecially in view of the past surplus in ia
vor of this country
Wheat declined nearly cent, but re-
covered all the loss, with Atlantic ex-
ports, flour included, of 1888, 500 bushels,
against 3,274, 4S9 last year. and Pacific ex-
ports 1,016,961, against 1882, 952 last year
Western receipts. 9,924O45 bushels for the
week, against 1885, 5l4 last year, continue
10 render the holding back of stocks man
ifestly a failure.
Corn has but slightly changed in price
with exports of 2,O62,SSl bushels, against
z,4l4,64l last year, and an increase of more
than half In Western receipts.
Cotton remains at the lowest price on
record, with heavy receipts, and without
large milling demand.
Iron production Nov. / was 22S, 1886 tons
weekly, against 215,695 Oct. l. and de-
crease is seen of 1924 tons in stocks I'M
sold outside the holdings of the great steel
companies, indicating an actual consump-
ton of 1,019646 tons in October about 2SS
! tons daily greater than the largest ever
shown in any previous month on record.
THE export demand is beyond all
dreams, 10000 tons rails for Northern Eu-
rope and 100000 tons plates, besides 4,5OO
tons billets from Pittsburg alone. with
great quantities of bars, rods, wire and
other finished products. The works are
| generally filed with orders including
many from ocean and lake ship yards,
and many for cars, with seasonable de-
mand for other products.
The minor metals still advance, largely
| with the London demand tin to IS. 80 cents
and copper TO p 90 cents bid for lake, with
lead steady at 1924 in spite of heavy Mex
| lean arrivals.
wool sales for the past week we're only
3,735 900 pounds at the three chief Eastern
markets, and were secured by concessions
/ at all markets, as last week. making IS,
234 800 pounds, against 16,652,902 for the
same two weeks last year, and II, 2S9, 500
| pounds for the same two weeks In 1892.
Many holders are refusing to abate their
prices, though large manufacturers bid
| below current market prices because of
| tnelr uncertainty HI feSdIo 70 the uehndHu
4 for wooden goods, which has somewhat
improved, and yet not greatly. 1t is grow
ing in the minds of holders of wool at the
! East that the supply of foreign and domes-
| tic wool ON hand Is much greater than
has heretofore been supposed. Cotton
! goods are on the whole. in better demand,
although denims are slightly lower, and
little can be said of encouraging charac-
ter as to the demand for staple goods
| of domestic use.
Failures for the week were 211 I'm the
! United States, against 291 last year, and
! rs in Canada, against "a last year.