Evening journal., 1899-10-21
WEEKLY BUSINESS REVIEW
PRICES ARE ADVANCING AND
HANDS IN DEMAND.
REMARKABLE INCREASE IN
QUANTITIES OF GOODS Ex-
CHANGED-145 FAILURES FOR
THE WEEK AGAINST 221 LAST
YEAR.

In most lines business continues to
expand, though in some there are
signs that buying has been checked,
either because prices have outrun the
views of buyers, or because recent pur-
chases have been so heavy that nobody
is left in need, says Dun's Weekly Re
view. Prices are still advancing, in al
most every line supported by rising
prices of materials, and works every
where are still crowded to their utmost
capacity, while at many points 1t is
found hard to get enough competent
hands. But the volume Of business ex-
pressed in values rises much more than
prices, showing a remarkable increase
in quantities of goods exchanged. Pay
ments through clearing houses in the
past Week have been 51.0 per cent.
greater than last year, and 45.1 per
cent. greater than in 1892, and for the
month of October thus far payments
have been 46.7 per cent. larger than last
year and 49.O per cent. greater than in
1892.
The outbreak Of war in South Africa
has brought no such changes as many
feared. In England the markets have
treated it as an event already Over-dis-
counted, and relations with this coun-
try were not appreciably affected. Ster-
ling exchange rises, but If Europe
wants to borrow many millions this
country could readily spare the money
its excess of merchandise exports in
September being nearly S40,000,000
while October exports so far run slight
| ly ahead of last years when the excess
was more than S66,000, 900, though i'm
ports this year are S3,400 900 larger
The outgo of cotton is just now check
ed, but of other great staples and
manufactured products the foreign de-
mand is surprisingly sustained
Wheat has declined 1i5 cents in price
in spite of unfavorable crop reports
and western receipts do not keep NJ
/ with the unprecedented movement o.
| last year, having been but 23,454 ,4Ol
bushels against 30,592 asa during three
weeks Of October last year. But Allan
tic exports, flour included, have beer
in three weeks of October 1O,679,2l
bushels against 1856 ,226 last year, anG
Pacific exports 1889 ,1SS against 2,29S,
312 last year. Beyond doubt pricel
would rise far and fast with such for
eign demand, if official and other cur
rent reports of yield we're fully credit
ed. Corn exports add testimony as u
foreign needs, having been in thre
weeks 1924 ,406 bushels against z,
l002 039 last year.
Stocks have advanced, in spite o
powerful depressing influences. Tn
average for railroads has advance
S1.47 for the week, and for industrial
3S cents, and railroad earnings in Octo
Der have been S.6 per cent. larger tina
last year and ola per cent. larger tina
, 1892. EastbOund tonnage from Chicag
, | in two weeks of October was 1885,
! against 1872, ,751 last year, and 155,04S i
1892. Failures in two weeks of Octobe
! have been S2,962, Asa in amount, agains
S6,594,S24 in the same weeks of las
- year, manufacturing s1,001 ,045 again'
!, $685. ,125 last year and tradin
! S911 053 against $2,9S5,694 las
! year. Failures for the wee
have been 145 in the Unite
States against 221 last year, and 20
4 Canada against "a last year.