Show WEEKLY REVIEW the election las so far interrupted business tho past week that most comparisons with the corresponding week last year are misleading nev volume of legitimate business has been well main tailed during the pats week as during the whole political campaign so that the presidential contest of 1888 goes into history as having disturbed current trade less than any previous contest although it turned largely upon industrial and commercial questions and was generally considered doubtful to the very end and this is the more remarkable because in the months preceding those of political excitement speculation had been unusually active and extravagant with the decision of the people there has come a more confident tone in many branches and a larger trade with improving prices is usually anticipated as a result of the postponement of very many operations and purchases in past months the reports from interior points generally recognize athe political excitement as the sufficient cause of quiet in trade during the past week and yet it is noteworthy that tho aggregate of transactions was large for only five working days at all cities reporting money continued in fair or active demand while scarcely any complaint of stringency is heard and collections though somewhat interrupted have been on the whole satisfactory with improvement noted in several cases the large volume of currency in circulation together with the temporary inactivity of speculation explains the matter and an official statement shows that the circulation of all kinds of mcbey which had passed october ast 1st the maximum of last year increased 23 millions in october and reached 1 november ast 1st being 41 larger than a year ago in the past week the treasury has also paid out more than it has taken in the report of anthracite and bituminous furnaces in blast shows a weekly output of tons against a month ago and a year ago in output of charcoal iron the changes have probably been small so that the increase of about 7 per cent in the month of october makes the weekly output only about 1 per cent smaller than this date last year the increase of late however has been mainly in southern production no change in prices is recorded as yet though an improved demand is observed and the impression is quite general that even the increased supply will not prevent some advance yet the large transactions in steel rails have been at very low figures in all tons were taken by the vanderbilt bilt roads and as much more by other companies and it is reported that large orders can yet be placed at more than 27 the wool marke thas been decad adly more active and stronger but while a more confident feeling prevails in the goods trade improvement in orders or purchases is not yet observed in many branches of the manufacture it is feared that any advance in prices would result in greatly increased importations cotton goods have been firm with a strong undertone because stocks are unusually haht A ai cause strengthens ane boot and shoe trade in which actual deliveries this year thus far have been 7 to 8 per cent larger than last years with net prices averaging a shade better while stocks are unusually narrow the coke and coal trade is very active at pittsburg and the output of anthracite coal tons for the latest week has bean for tha year thus far tons against last year a gain of nearly 12 per cent foreign trade has not been large exports falling 6 per cent below last years at new york while imports here in october were about 4 per cent below last years prices of the chief exportable products still rule so high as to prevent a free movement and wheat has advanced during the past week about one cent with sales of 31 million bushels corri has advanced 2 cents with sales of 5 million bushels oats have advanced five eighths pork 25 cents per barrel oil 1 with small trading cotton a sixteenth with sales of bales and coffee has remained beeady with sales of bags during the beok transactions in stocks havo not been heavy and prices have scarcely changed at all in the aggregate though considerable selling on foreign account appeared to check the advance which began on wednesday the impression impress ioa that the coming administration will stop the deposits of money with banks and apply the funds to the purchase of bonds though it threatens no reduction in the circulation is used without foundation in speculative birdea as a reason for expecting lower prices for securities the business failures occurring throughout the country during tho last seven days as reported by telegraph today to day friday to R gr dun co the mercantile agency number for the united states and for conada 32 or a total of as compared laith last week and the week previous to tho last for the corresponding week of last year the figures were made up of in the united states and 20 in canada NEW november ath 1888 |