The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-10-24
TRADE REVIEW.
small Premium Commanded by coid--In-
crease or Merchandise Exports.

Small Premium Commanded by Gold--In-
crease or Merchandise Exports.
New York. Oct. l7.--R. &. Dun & Co..
In their weekly review Of trade. say:
"coid commands a small premium. The
most powerful force IN business az pres
ent Is conservative timidity. and the for
eign bankers who have been Offering for
a small percentage 10 insure people against
premium on gold until December have
made an easy and sure profit out OF preva-
lent apprehensions. From Kansas. Ne
braska and other states where the silver
agitation is said to be strong como orders
by many bankers and business men 20
gcs them gold at small premium. and
there has also been some demand for hoard
ing from individuals In other states who
are afraid even or their own best judg-
tncnt.
''One commercial change. which more
than any other tnsures better business
In the near future, Is the excess OF mer-
chaEdise exports over imports. In two
weeks OF October the exports from New
York have increased 800 per cent, against
az in September. while imports have In
creased "a per cent, against $50 In Sep
TENDER Continued shipments OF gold from
Europe. not including siOO0,OOO from Aus
tralia, now amount TO sos.zoO,OVO since the
movement began. OF which sJ2.25O,VOO has
already arrived. and have not been arrest
cd by measures taken by the great Eu-
ropean banks.
The heavy movement OF grain Is the
corner stone. After an Increase OF S5.923.675
IA exports OF breHdsturfs in September
there have been shipped the last week from
Atlantic ports alone 2.lA,17i bushels. -four
included, and 4,2O3.Si5 ia two weeks or Oc-
tober, against 9.5lO.Nl bushels last year.
more important fact IL that ali avail
able grain freiGhts have been engaged for
months ahead here and on the Pacific
coast. The minister of agriculture IN India
stated IA council OH Thursday that distress
was expected In large part OF India as
the result OF droughts. A high official OF
Russia now Ia this country confirms ac-
counts OF shortness In the Russian yield.
Thus estimates that Europe VIII fall 100
0OQ.OO0 bushels short or last year In supply
OF wheat are strongly supported. and while
department estimates Of yield In this coun-
Try are not credited, there IS every reason
TO expect a remarkable foreign demand.
Wheat has advanced ~ cents FOR the week.
Boot and shoe makers get very mar
row margin at old prices, or at an advance
OF less than per cent Difficulties threats
en- the iron manufacture. for pig Is higher.
Besscmer at Nl5O and gray .orge al 1915
at Pittsburgh. while plates. angles and
beams are weaker. and various combina-
tions hold prices only by leaving outside
competitors 10 take tho market as far as
they can. Steel bars are largely sold at
cent, while l.2 is demanded Tor iron. all
the nails that outsiders can produce are
sold at less than the association nslIs.
biliets are still sold Tor less than the pool
price, and It's shipments In September ag-
grcgated only $1,000 tons. mainly on sheet
and tin plate bars. and tho demand for
rails IS growing small
Failures for the week have been s2S In
the United States. against 2d2 last year
aud ~ ia Canada. against 10 last year"