The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1896-11-28

In 1891, when all Europe was
scrambling for American wheat, the
value of all exports was in one
month, December, about 81 DOC, 900
larger than last month, but in no
other month has that record been
exec eded, and it is noteworthy, with
the increase above named in cotton,
and increase OF $1,000, 900 in bread
stufTs, aud 81, 100000 in provisions
and oil, there was still an increase
of 80, 400, 900 in miscellaneous pro-
ducts. In November thus far the
gain in New York exports has been
q per cent, and for the last week 40
per cent, the latest week having
been the largest on record since the
second week of October, 1890, while
imports were II per cent smaller
than last year for the week, and %
per cent smaller for the month thus
Iar Under such circumstances, in
spite of heavy payments on loans
abroad, the movement of gold this
way would undoubtedly be resumed
If foreign buying of American Sc
curities should set in.
The course of securities has been
disappointing because of continued
realizing by American and foreign
holders, and because multitudes re-
fuse to see that the reported earn
inSs refer to ancient history. In
November thus far the earnings have
been 1870 per cent smaller than last
year, and 1876 per cent smaller than
in 1892, but the decrease was but GO
in the second week of the month, and
the east bound tonnage from Chicago
in two weeks of November has been
l43, 1913 against IA, 552 last year, land
1873 tons in 1892. The money
market has caused no disturbance,
and rates have tended steadily lower.
The treasury has been gaining in
rasei W, and the excess of receipts
of money over shipments to the in
terror has been about "a, 900, 900
For the time money returns to this
centre as rapidly as it went out in
the days of apprehension and hoard
ing.
IN a transition period, industries
record gains slowly, but the slight
decline in prices of Bessemer pig
iron and of finished products of iron
and steel is partly due to realizing
on speculative purchases before the
election, and partly to the selling of
nails by jobbers below the combina
ton price. For most manufactured
products of iron there is a better
demand, and slow advance in
prices. Shipments of boots and
shoes for three weeks of November
have been 1902 cases, against
III, 17S last year, land 225, PSI in 1894,
bat while the works have orders for
some time ahead, neither manufact-
vrers nor dealers are disposed to do
much because of the uncertainty
about prices, those of boots and
shoes b ling about IL per cent above
the lowest point, leather 1913 per
cent, aud hides 514 per cent, the
latter again rising at Chi aSo. In
cotton and wooden goods no serious
change appears, though there is con
tinued weakness in cottons, and
print cloths are a sixtSe nth lower
STOCKS of wool purchased before and
imm adiately after the election now
prevent further advance, but to
November 10Th wool had risen 10 per
cent on the average of lO4 quotations
by Coates Bros. since Sept. |, and
much more at the west.
Failures for the month thus far
have been 81, 725, Alb, against So, 143.
sos last year, s., 6O2, BOB in 1894, and
81, 24S, 219 in 1893. Manufacturing
have been 81, $40, 232 against 81, l64,-
S04 last year, and trading have been
80, 624, 233 against S3,067, 004 last
year. Failures for the week have
been 344 in the United States,
agrinst 32O last year, and 40 in
Canada AGAINST ID last wear