The San Francisco call., 1896-10-17
DUN's REVIEW OF TRADE.

NEW YORK, n. Y, Oct. 16.-R. G. Dun d Co.
will say tomorrow in their weekly review of trade
Gold command small premium. The most
powerful force in business at present is a conserva
tive timiditv, and the foreign bankers who have
been offering for small percentage to insure peo-
pie against premium gold until December.
have made easy and sure prof out oi
prevalent apprehensions From Kansas Ne
braska and other States where the silver agita-
ton is said to be strong it was ordered by man
bankers and business men to get them gold at
sma premium and there has been a small de-
mand for boarding from individuals In othe
States who afraid even Of their own best iudg-
ment.
One commercial change which more than
any other insures better business in the near fu-
ture is the of merchandise exports over inn
ports. In two weeks October the exports from
New York have increased 81. 6 per cent against
"a per cent. against 3a2 in September Contin-
ued shlpments OF gold from Europe, not including
S40yO,J00 from Austra ia, now amount TO
$5e,25O,000 since the movement began. OF VIII ich
$51 $780, 600 has already arrived and have not
been arrested by measures taken by the great Eu-
ruLean banks.
Tue heavy movement of grain is the corner
stone. After increase of S5 g. ,625 In exports
Of Dreads uh6 in september there have been
shipped the last week from Atlantic ports alone
2,134774 bushels, flour included and 4,2O3 S45 in
two weeks of Uctob r. against 8 6lO27l last wear
more important ia is that all available grain
freigh.s have been engaged for months ahead
here and on the Pacific Coast The Minister of
Agricul ure in India sta ed in council on Thurs
day that distress expec ed in q large part OF
India as the result of droughLs-
hign official of Russia now in this country
confirms accounts of shortness in the Rus ian
yield. Thus estimates that Europe will fail 1OO-
100000 bushels short Of last year in supply Of
wheat strongly supported, and while drpart-
mem estimates of the Yield in this cou ntry are not
credited there is every reason to expect asremark-
able foreign demand. Wheat has advanced 41Ac
for the week. Boot and shoe makers got very
narrow orders at the old prices, or at an advance
OF less Than per cent,
Difficulties threaten the iron manufacture, for
pig is hi her Bessemer at Sll 80 and gray forge
at rs at Pitts bur i, " hi pla and beams are
weaker, and various com binat.ons hold prices only
bv leaving outs de comp titors 10 taEe the market
as far as they can. Steel bars largely sold at
1c while c is demaf oed for iron; all the nails
that outsiders can produce are sod al less than
the association asks bi let's are still sold for less
than the pool prices, and its shipments in Seltem-
Der aggregated only $4,000 tons, mainly sheet
and tinplate bars, and the demand for rails is
growing small.
" ool Is stronger with continued speculative
buying, and at Eastern markets have been
14,55o,3 800 pounds for two eks against 81 ,209,-
700 last ar and l6,702, S0U in 1892 but con-
signed wool has been Withdrawn until after the
election. No gain is present possible in goods,
and though the number of mills starting for the
week Is fifteen against seven stopping much of the
work done is in anticipation of better demand
than now exists The COTTON manufacture has
also started more spindes, but the demand for