Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-10-19

New YoBK, Oct. 17.-R. q. Dun & Co.
says Saturday:
Gold commands small premium.
The most powerful force in business at
present is conservative timidity aud
the foreign bankers who have been o.
fering for a. small percentage TO insure
people against q premium on gold until
December have made an easy and sure
profit out of prevalent apprehensions.
From Kansas, Nebraska and other
states where the silver agitation is said
to be strong, come orders by many
bankers and business men to get them
golda at q small PREMIUM and there has
also been some demand for boarding
from individuals In other states who
are afraid even Of their own best judg-
ment.
One commercial change, which more
than any other, insures better business
in the near future, Is the excess of
merchandise exports over imports
In two weeks of October the exports
from New York have increased 800
per cent, against 31.2 in September,
while imports have decreased "a per
cent. against S5.a in September. Con-
tinued shipments of gold from Europe,
not including 81, 600, 900 from Australia,
now amount to $50, $50 600 since the
movement began, of which 1850, 900
has already arrived and have not been
arrested by measures taken by the
great European banks
The heavy movement of grain is the
cornerstone After an increase OF S.
023,G on exports of bread stuffs in
September there have been shipped
the past week from Atlantic ports alone
2,134, 744 bushels flour included and A.
,645 in two weeks of October,
against 8, 51O,27 bushels last year. A
more important fact is that all avail
able grain freights have been engaged
for months ahead here and on the Pa
cifc coast The minister of agri-
culture in Indiana stated in coun-
Gil on Thursday that distress was ex-
pected in q large part of India as the
result of the droughts. A high official
of Russia, in this country now, con-
firms accounts OF shortness In the Rus
sian yield. Thus estimates that Europe
will fall 100, ,000,0 900 bushels short of
last year in supply of wheat are
strongly supported and while depart
ment estimates of yield in this country
are not credited, there is every reason
to expect remarkable foreign de-
mand. Wheat has advanced Ak cents
for the week.
Boot and shoe makers got very mar
row orders at old prices, or at an ad-
vance less than one per cent.
n;Asn,,1tlne 4,
facture, for pig is higher, Bessemer at
S11.5o and gray forge at S9.75 at Pitts
burgh. while plates, angles and beams
are weaker, and various combina-
tions hold prices only by long
outside competitors to take the
market as far as they can. Steel bars
are largely sold at 1c, while &c is de-
manded for iron; all the nails that out
siders can produce are sold at less than
Tie association asks, billets are still
selling for less than pool price and its
shipments in September aggregated |
only $4,000 tons, mainly on sheet and |
tin plate bars, and the demand for rails
is growing small.
Wool is stronger, with continued |
speculative buying, and sales at east
Ci hcIS nave DCeu lf,OOD, OJU |
pounds for two weeks, against 81 2O9,-
700 last year and IS, 702, 500 in 1899, but |
consigned wool has been mostly with
drawn until after the election. No
gain is at present possible in
goods, and, though the number of
mills starting for the week is Is
against stopping, much of the work
done is in anticipation of a better de-
mand than now exists. The cotton |
has also started more
spndles, but the demand for goods
scarcely increases and print cloths
sell at 2. 5 per cent. Failures for the |
week have been 32s in the United |
States, against 263 last year, and 40 in
Canada, against 4G last year.
EFFORTS MADE