The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1896-10-22
pUN's REVIEW,

Largely Increased Over September.
NEW YORK, Oct. 17.-R. G.. DUN & Co.
says Saturday:
Gold commands small premium.
The most powerful force in business at
present Is o conservative timidity and
the foreign bankers who have been of
fering for small percentage to insure
people against a 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
gold at 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 3O8
per cent, against 3l.2 in September,
while imports have decreased "a per
cent against 35.2 in September. Con-
tinued shipments of gold from Europe,
not including S4, 900, 900 from Australia,
now amount to $50, $50, 900 since the
movement began, of which $50, $50, 600
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 $5, .
| 923,675 on exports of bread stuffs in
| September there have been shipped
the past week from Atlantic ports alone
| aba, 744 bushels flour included, and a, :
| 204,6 in two weeks of October,
| against $3.50, al 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 a large part of India as the
result of the droughts. A high official
of Russia, in this country now, con-
| firms accounts of shortpess in the Rus
sian yield. Thus estimates that Europe
will fall 100000, 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 AZ cents
| for the week.
Boot and shoe makers got very mar
row orders at old prices, or at an adj
vance less than one per cent.
Difficulties threaten the iron manu-
facture, for pig is higher, Bessemer at
S11.50 and gray forge at SO. rs 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 1ac is de-
manded for iron; all the nails that out.
siders can produce are sold at less than
the 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
ern markets have been 1886, 900
pounds for two weeks, against 21,2O9,'
700 last year and 13,7O2, 800 in 1892, but
consigned wool has been mostly with.
drawn until after the election. Nc
gain is at present possible in
goods, and, though the number OF
mills starting for the week is Ii
against 7 stopping, much of the work
done is in anticipation of better de.
mand than now exists. The cotton
manufacture has also started more
spindles 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 46 last year.