The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-12
VOLUME OF TRADE
HAS BEEN LARGE.
The October Record Was the Largest
in the Country's History.
EXPORTS BEYOND EXPECTATION,
1t Seems Impossible to Meet Any Nom
etary Trouble When They are Con-
sidered-SteeI Exports, Espec-
tally. are Phenomenal.

NEW YORK, Nov. ll.-R. q. Dunn q
Co.'S Weekly Review OF Trade Will say,
The country has safely passed the trial
OF "off year" elections. Before this eiec-
ton everything except political uncer-
families favored business.
The volume OF trade had been the
greatest ever known In october. Inc
record on November thus far shows clear
ings 1914 per cent. larger than last year
and g.3 per cent. larger than III tosz'
The railroad earnings Tn October nave
been SIS larger than last year ana ~
per cent. larger than in 1882. Foreign
trade shows an increase or ~ per cent
in October in exports with IS per cent
in exports from New YORK last Ween,
while imports showed n gain or only =
per cent In october and credits against
foreign bankers were piling up at an ac-
tive rate There Was absolutely no
anxiety about the currency, and the
treasury is only too strong. When enor-
nous exports OF products are considered
ii seems quite impossible for the country
10 meet with serious monetary trouble.
GRAIN EXPORTS.
Wheat declined nearly cent but re-
covered all the loss with Atlantic ex-
ports. -four included. of 3,3&,Jj9 bushels
against 2274,4S9 last year and Pacific ex-
ports 1.0l6. SOL against l552Sj2 last year.
western receipts 9.924ei5 bushels ior the
week against 7,2555ll last year. continue
10 render the holding back Of stocks man.
ifestly a failure.
Corn has but slightly changed In price
with reports of 2Os23I bushels, against
2f1466t last year and an increase OF more
than half In Western receiptse
Cotton remains at the lowest price
on record. with heavy receipts, and with
out large milling demand.
IRON AND STEM,
Iron production November LIST was 22S'-
sS tons weekly. against 2l5635 October
lst. and a decrease is seen OF 35.2n tons
I'm stocks unsold outside the holdings OF
the great steel companies. indicating an
actual consumption Of 10l9,646 tons In
October. about 2S3 tons daily greater than
the largest ever shown in any previous
month on record.
The export demand is beyond all dreams
10 600 tons rails for Northern Europe. and
100 900 tons plates, besides $500 tons bill
lets from Pittsburg alone, with great
quantities of bars rods. wire and other
finished products.
The works are generally filed with or
ders. including many from ocean and lake
ship-yards, and many for cars. with
seasOnable demand Tor Otner pTOuuctS'
The minor metals still advance largely
with the London demand; tin TO 1880
cents. and copper 1916 per cent. bid FOR
lake. with lead steady az 372 l-2, In spite
Of heavy Mexican arrivals.
THE WOOILEN TRADE.
Wool sales for the past week were
only 3.T35.oO0 pounds. although three chief
Eastern markets were secured by con-
csssions at all markets as last week,
making lS23isO0 pounds against ls,6529o2
for the same two weeks last year, and
T. $50 go pounds for the same weeks IN
1892 Many holders are refusing TO abate
their prices, though large manufacturers
bid below current market prices. be-
cause Of their uncertainty in regard to
the demand for woollen goods which has
somewhat improved. and yet mot greatly.
II IS growing I'm the minds OF holders
" wool at the East that tho supply Of
foreign and domestic wool on hand is
mach greater than has heretofore been
supposed.
Cotton goods are, on the whole. I'm
better demand, although denims are
slightly lower, and little can be said OF
encouraging character as 20 the demand
or staple goods Of domestic use.
Failures for the week were 2ll In the
United States. against POI last year and !
9 In Canada, against a last year.