The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1898-12-24
THE BUSINESS YEAR
BEYOND PARALLEL
Enormous Transactions at the Stock
Exchange Exports Increasing.
Iron Story Like a Dream.

Enormous Transactions at the Stock
Exchange Exports Increasing.
Iron Story Like a Dream.
New York, Dec. 23.--R. C. Dun & Co.'s
weekly review of trade will say in to-
morrows issue:
1t is a year beyond parallel and goes
to its close with the biggest volume of
business ever seem Enormous trans
actions at the stock exchange makes
some difference and heavy railroad
earnings, but when all the transporting
and speculative interests are eliminated
there is still a much larger business
than in any other month of any year.
Last year the exports were in volume
greater than in any previous month in
the history of the country, but this
year the three weeks shows an increase
of 25 per cent. against per cent. in
imports, which would indicate much
more than $4,000. 900 excess of exports
this month. The payments through
clearing houses have been for the week
26.5 per cent. greater than last year
and 12.4 per cent. greater than in 1892.
Until now no greater volume of busi-
ness has ever been done in the history
of this country than in the closing
month of this year.
Shipments of wheat have been 4,2S5,-
704 bushels. -four included, at Atlantic
ports, against 3,69S,92l last year, al
though western receipts for three weeks
have been 2j,oSS,5Sl bushels against
10,309,929 last year, a fact which the
believers i'll small crop may we'll con-
slider. From Pacific ports the ship
ments have been for the week 1,3l6,0l9
bushels against $4,000 last year. Con-
sidering the enormous exports from
July to date, exceeding last years, one
can only wonder that the outgo this
year has been so large and the price
has risen during the week cent and a
half. Corn exports also have been
1924 S36 bushels against 4540 6l3 last
year and for the month thus far IL ,0l2, =
1888 against 19S67,40 last year. The
price has advanced about 23s cents, but
the continued foreign demand is aston
ishing.
If the cotton manufacture takes a
leading place this year it is not mere
ly because raw cotton is an eighth
lower than year ago, nor because
prospects for buyers are thought good
The manufacture has been much ex.
panded by increased demand, so that
prices of nearly all the goods quoted
in our report have advanced more OF
less. and there is a feeling that with
unreasonable accumulation of prin
cloths out CT the way, this is a bright
er prospect for all goods, Sales o
wool have been large, 1886, 100 pound
against 29,1l5,2OO last year. and 2l $50
200 I'm the same weeks of 1892, will
small as well as large manufacturer
buying very freely, which indicates ;
general improvement in the deman,
for goods, although not enough as ye
to life prices.
The story of iron Is like a dream
With $4,000 tons Of Bessemer pig sol
at Pittsburg for $1,000 and grey forg
at Ss40 and Chicago sales limited on
by the capacity Of the works, and east
ern sales so numerous and so large a
to raise the price twenty-five cent
there is a demand for finished product
which includes at Philadelphia 400
tons of plates for export To Sout
America, 5000 tons at Chicago, wher
works are crowded, O,OOO tons OF ste,
rails by the Maryland Steel compan