Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-11-12
DUN'S REVIEW.
October's Trade Greatest Ever
Known Except One Year.
Export Demand for Steel Exceeds All
Demands--lron Production Increases.
Cotton Remains at the Lowest Price on RECORD
With Heavy Receipts.


New York. Nov. 1L-R. G. Dun &
Cos. Weekly Review OF TRACE toiio,-
row. will say: The coutry has safely
nassed the trial of "Off year" elections,
which for 40 years have always shown
q tendency to a change of policy, but
this year has entrenched sound money
behind a majority of impresnapie ~,
at least four years in the Senate, ana
has retained working majority i'i
sound money in the House.
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 in De-
cember, 1892, and when the enormous
exports of products are considered, IT
seems quite impossible for the country
to meet with serious monetary trou-
BILE, especially in view of the past sur
plus in favor of this country.
Wheat declined nearly cent, but
recovered all the loss, with Atlantic
exports of flour included, of 1888, SOP
bushels against 3,274,489, last year. and
Pacific exports, 1.016,9s1, against 1882
1852. last year. Western receipts, 1924
5i4, last year. continue to. render the
holding back of stocks manifestly a
failure. Corn has but slightly chang
ed in price, with exports of 2,062, 351
bushels against 2,474,641, last year, and
an increase of more than a halI III
Western receipts.
Cotton remains at the lowest price
on record, with heavy receipts and
will dom
Iron production. Nov. l, was 22S,9S5
tons weekly, against 215,635. Oct. l. and
a decrease is seen of 1924 tons in
stocks unsold outside the holdings of
the great steel companies, indicating
an actual consumption of 1,019,646 tons
in October, about 2S3 tons daily great
err than the the largest ever shown in
any previous month on record The
export demand is beyond all demands
10000 tons for northern Europe and
100000 tons plates besides $500 tons
billets from Pittsburg alone, with
great quantities of bars, rods, wire and
other finished products. The works
are generally filed with orders includ-
ing many from ocean and lake ship
yards, and many from cars, with sea-
sonable demand for other products.
only 7,437,500 pounds at the three
chief Eastern markets and were Sc
cured by concessions at all markets
as last week, making 1S,234,9O pound.
1852, 902, for the same two weeks OF
last year, and 12,2S9, 600 pounds for the
same weeks in 1892. Many holders are
refusing to abate their prices. though
manufacturers bid below curren
,,,orLaf rriooa haconSo IF thor. IN
certainty in regard to the demand fol
wooden goods, which has somewhat i'm
proved and yet not greatly. 1t i:
growing in the minds of the holders
of wool at the East that the supply o
foreign and domestic wool on hant
is much greater than has heretofore
been supposed,
Cotton goods are on the whole in bet
ter demand, although denims ar
slightly lower. and little can be sail
of encouraging character as to the de
mand of staple goods of domestic use.
The boot and shoe industry still hes
itates because of high prices of leather
and the orders booked are now her
near what they should be for the sea
son. buyers looking for lower prices o
boots and shoes, while manufacturer
are waiting for lower prices of ma
terials. Hides have declined about 2.
per cent. for the week with prospect
of a lower market at the West an
receipts only 127,800 head at the fou
Western markets less than last year
At current quotations tanners refus
to buy.
Failures for the week were 211 in tn
United States against POI. last yeal
and 26 in Canada against "a, last veal