| Show SPECULATIN STRONG I Opening of Congress Has Not Dis i courage Business I i I WEEKLY TRA15E REVIEW I I I SHOWS IMPROVED DEMAND FOR i IMPORTANT PRODUCTS l f RiseIn December Wheat and Its Influence i fluence 2STo Exports of Gold This I r December Securities Advancing I I Wool Iron and Steel Business I Failures I I j New Tent Dec 10R G Dun Cos I woelIj review of trade will say tomorrow tomor-row I rowThe opening of congress with the annual an-nual message dco reports has not discouraged I dis-couraged business as some predicted but all speculative markets are stronger than I a week ago The productive industries I even in the season usually about the f dullest of the year as to new orders mot b definite Improvement In demand for important products presumably the fruit I of a prevailing conviction that new business busi-ness will begin to crowd the works after Ithe new year starts j MOVEMENT OF WHEAT Tfie outward movement of wheat and Tle other products continues so heavy that < foreign exchange has fallen 0 of a cent and instead of the exports of gold which have marked December in recent years Imports would come 1 gold were wanted Securities are advancing with reason in the increased earnings of railways S47 US3S01 for November being reported whlcli is 1GS per cent larger than last d 1 81 nl year and 59 larger than in giJ2h A striking strik-ing comparison of live years show that in each of the last three months earnings have been than In greater any previous year with a larger increase in November than In October or in September RECEIPTS OF WHEAT The sudden rise in December wheat in Chicago to 0 would do harm were it not based on avowed contracts to ship some millions of bushels to Europe That fact and the increased demand in spite of such contracts has helped a rise of lc here Western receipts for the week were 5578771 bushels against 3G91347 last year and Atlantic exports including tour 4612137 against 2S75651 last year and so great is the foreign shortage that the outgo of corn last year far creator than ever before is again exceed 3313 086 for the week against 305o7St a year ajrowith the price nearly 1 cent higher for the week The report that the western west-ern supplies are running low Is discredited dis-credited bY receipts from farms A strike in English mills is no longer threatened threat-ened and the possibility of one at Fall River has little weight WOOLLEN GOODS The demand for woollen goods has clearly i Improved and more wool has just ee J I da ob l jl been purchased abroad and is being Imported Im-ported the sales in domestic markets navins been for the past week only 2 6600UO pounds at Boston and in two weeks SWIa gr grs so bounds at the three markets While some grades have been sold largely at trices lower than a month ago quotations quo-tations are generally sustained IRON PRODUCTS There is more demand for iron and steel products In I preparation for railway l fI reg ifark bridges and buildings next year and on contracts for export including one for a government bridge in Holland others for bridges in Japan with large shipments of various products to England I and other countries Foreign contracts for 40000 tons of rails are pending In andabout New York bridge and building Contracts call for 25000 tons and Chicago works are figuring on numerous contracts for 5003 railway cars Failures in the first week of December were but 2617240 manufacturing 739420 ahd trading 1791570 Failures for the week have been 312 in I the United States against 3SO last year and 2 in Canada against 43 last yeal |
