The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1898-11-24
SHOWS u6pROVE1(ENT.


New York, Nov. 1s-R q. DUN 4 Cos
weekly review OF trade says: The sftua-
ton is clearer and the Improvement In
business which was expected after the
election has begun. Payments through
clearing houses are far the largest ever
known, for the week 6.3 per cent larger
than last year. and $50 per cent. larger
than In 1897. The glass workers have re-
sumed, the anthracite coal output II heavy
and much beyond the present capacity Of
markets, the troubles In Illinois coal mines
have been settled and the new strike Of
shoe workers in Marlboro, Mass, il 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.
and yet production steadily increases and
at Pittsburgh bessemer pig is slightly low
er, at $10.10, the new association being un-
dersold. Orders for plates are beyond all
precedent, including material for cars,
bridges. vessels and work Of all sorts, and
structural work Is reasonably quiet,
though the mills have much ahead, while
IL bars the demand II considerably better
at Pittsburgh, with orders for material Of
5000 cars at Chicago. Some works at the
east are short Of orders and prices are
held back. The expectation is that the
proposed rail- association will meet-an ex-
tremely heavy demand for the next year,
that prices will not be advanced above
$40 at the east and 81 at Chicago. In iron
products the next will probably be rec
ord breaking year.
Failures for the week have been 233 In
the United States, against 267 last year and
rs In Canada, against 81 last year..
Bradstreet's says: Evidence accumu-
l-tes that the good results flowing from
the recent elections are no longer confined
Entirely to Improvement in tone and con-
hdence, though the active feeling inf1u-
ences dealings in both financial and mer-
camille lines. Several substantial develop
ments present themselves this week, no
table among which are a number Of adj
vances In prices, exceptionally few de-
clines thereof, growing strength in the pig
iron situation, unprecedented!y 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. Distri-
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.
First 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 G.. December
last year, and chargeable not so much
as formerly to enlarged exports Of farm
products, but to heavily Increased exports
of finished p roducts Of American industry
II 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 tall the
leading breadstuns are higher this weekly
Is OF course due to the constant foreign de-
mand more than effecting very large gains
in domestic supplies, which. however, are
below any corresponding period for years
Dast. Comparisons of four months ex-
ports, July to October inclusive, point to
wheat and flour shipments little below
those of last year, and only ten per cent
below those OF 1891, the heaviest ever
known"