Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-10-20
TRADE REVIEW.
Dman Premium Commanded by Gold-In-
crease of Merchandise Exports.

Dman Premium Commanded by Gold-In-
crease of Merchandise Exports.
New York, Oct. 17.-R. G. Dun & Co.,
in their weekly review of trade, say:
Gold commands small premium. The
most powerful force in business at pres
emit is conservative timidity. and the for
sign bankers who have been offering for
small percentage to insure people against
q 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 come orders
by many bankers and business men to
get them gold at small premium, and
there has also been some demand for hoard
Ing from individuals in other states who
are afraid even of their own best judy
ment.
lone commercial change, which more
than any other insures better business
In the near future, Is the excess of mer-
chandise exports over imports. In two
weeks Of October the exports from New
York have increased 3O6 per cent, against
B1.2 in September, while imports have in
creased "a per cent, against 1852 In Sep
TENDER. Continued shipments of gold from
Europe, not including S4.000,000 from Aus
tralia, now amount to s59,250,00 600 since the
movement began. of which $52,250,0 900 has
already arrived, and have not been arrest
Gu ny ltchSuIc6 IdASAl Wy lIS 81 cat EAU.
ropean banks.
1.-THE heavy movement of grain is the
corner stone. After an increase of IS, 923, 675
In exports of breadstuffs In September
there have been shipped the last week from
Atlantic. ports alone 2.134.74 bushels. flour
included, and 4,203.S45 in two weeks of Oc-
tober, against 3,510.271 bushels last year.
more important fact is that all avail
able grain freights have been engaged for
months ahead here and on the Pacific
coast. The minister Of agriculture in India
stated In council on Thursday that distress
was expected in a large part of India as
the result of droughts. A high official of
Russia now in this country confirms ac-
counts of shortness in the Russian yield.
Thus estimates that Europe will fall 100.-
900 600 bushels short of 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 q remarkable foreign demand.
Wheat has advanced AZ 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 threat
en- the iron manufacture, for pig Is higher,
Bessemer at $11.50 and gray forge at s9.75
at Pittsburgh. while plates. angles and
beams are weaker, and various combina-
tons hold prices only by leaving outside
competitors to take the market as far as
they can. Steel bars are largely sold at
| cent, while 1.2 is demanded for iron; all
the nails that outsiders can produce are
sold at less than the association asks:
billets are still sold for less than the pool
price, and Its shipments in September ag-
gregated only 1000 TONS mainly on sheet
and tin plate bars. and the demand for
rails is growing small.
Failures for the week have been 1928 in
the United States, against 262 last year;
and 40 In Canada, against 46 last year."