The Elbert County tribune., 1900-01-04
a RECORD BREAKER.

n E0HN40U NJ 4@S04FH<E&R A@&K@E. - 49,
woadsrfsl usslns.s Tear Jsss clossd-
New York. Dec 20.-Rarely have
rangulne commercial and financial
hopes or predictions found such ade-
quafc realization as they did during
1850. Certainly nothInk like the wide
spread and general upward movement
Of values. alike Of staples and Of Sc
curities. such ms occurred during the
year. could have been foreseen-
Linked with an immense business
and a rccord-brenking production in
nearly all lines OF business and indus
try. except perhaps, In some products
OF the agricultural interests. there was
with It an advance OF staple values.
either OF which nlone would have made
the year notable and combined to have
served TO establish the year as
record-breaker and set up new stnnd-
ards. The volume OF domestic md Of
foreign trade alike was the largest
ever recorded. and the bank clenrings,
renesting immense business expansion.
active speculation In stocks and enor-
nous new Industrial floatings. far sur
passed ali previous records. Prices, as
IA result. primarily. OF the stimulation
proceeding from supply and demand
conditions. scored probably the great
est advance In any single year and
brought the general level OF staple
values to the highest point reached for
more than eight yenrs past. Failure
statistics point to the smallest number
reported for seventeen years past.
These results have come to pass In the
face OF considerably lessened pro-
ductlon OF wheat. and nn immense
falling of In the yield Of cotton.
In Industrial nffnirs the ycnr has
been one of enormous expansion. Ger
tninly nothing like the general advance
In wages OF Industrial employees has
been witnessed for many years, and
this has been accomplished with min
imum OF friction.
The close OF the year finds order
books filled for from three to six
months ahead lii nearly all lines. Dis
.tributivc trade was naturally Of I'm
mense volume throughout the year,
though mild weather Mt the close tend
ed to modify the satisfaction with
which retail trade In winter fabrics
was regarded. This was. however,
partly compensated for by n holiday
business surprising NIL previous rec
ords. 4.
Notwithstanding smaller exports of
agricultural products during the cnlen-
dar year, breadstuffs shipments being
10 per cent. smaller, cnttle and hogs ex-
ports IL per cent. less, and cotton ship
ment, owing to the short crop, Mt least
10 per cent. less, there was such an ex-
panslon In our manufactured exports
that the entire export trade of the year
will considerably exceed that of the
last calendar year, which was the
heaviest recorded. and Will make the
year no less notable In the line of for
elgn exports little less thnn 81 ,2S0, ,0O0.-
600, an aggregate of which, IL reached,
will mark gain of 3 per cent. over
the record total OF 1903.
Imports have naturally shown a
marked revival. and II the gain for the
eleven months Is maintained for the
month OF December, a total n little be-
low $s0O.O00,000 may be expected.
which would guarantee total foreign
trade well In excess Of $1,000. 600 900.
nn nmount, II might be remarked. never
before equaled. As to exports. 1t is to
be noted thnt nearly one-third OF all
are Of manufactured products, a pro-
duction never before reached; and. as
to imports, the heavy Incrcase In raw
products intended for manufacture
bears testimony to the activity of do
mestic industry. The apparent trade
balance In our favor, though not as
heavy ns in 1893. will stiil aggregate
an enormous sum.