Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1896-10-22
OuN's coMMeRoIAL REvlgw.

CONSERVATIVES TimIdIty and the one. OF
Foreign Bankers 60 Insure Ae.Insx =
kemium on Gold, at Present Existing
the Most Powerful Influence on BUSH
nss-Ehe Heavy InhRx OF Gold the Re-
Imports.
NEW YORK. Oct. 17.-R. G. Dun & Co.
In their weekly review of trade saw
told commands a small premium.
The most powerful force in business
at present Is a conservative timidity
and the foreign bankers who have
oeen Offering for a small percentage
10 insure people against premium on
gold until December have made an
easy and sure profit out of prevalent
apprehensions. From Kansas, Ne
braska and other states were the sill
yer agitation is said to be strong; come
orders by many bankers and business
men 20 get them gold at a small pre-
MUM, and there has also been some
demand for boarding from individuals
IN other states who are afraid even of
their own best judgment One COM
Incrciai change, which more than any
other insures better business in the
nearduture, is the excess of merchsn-
disc exports over imports.
In two weeks of October the ex-
ports from New York have increased
BOG per cent, against 3l.2 in Septem-
Der, while imports have decreased "a
per cent, against $50 in September.
Continued shipments of gold from Eu-
rope, not including 81, 600. 900 from
Australia, now amount to $50. $50, 900
since the movement began, of which
$50, $50, 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 So
p23. G75 in exports of breadstuffs in
September, there have been shipped
during the past week from Atlantic
ports alone 2,134,774 bushels, flour in
cluded, and 4, 2O3, S45 ill two weeks of
October, against 3,5lO,27 bushels last
year. A more important fact is that
all available 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 ex-
pected in large part of India as the
result Of droughts. A high official of
Russia, now in this country, confirms
accounts of shortness in the Russian
yield. Thus estimates that Europe
will fall 100000 ,OT bushels short of
last year in supply of wheat are
strongly supported, and while depart
ment estimates of yield in this coun-
try are not credited, there is every
reason to expect a remarkable foreign
demand. Wheat has advanced Al
cents for the week.
Boot and shoe makers get very mar
row orders at old prices, or an ad.
vance less than one per cent.
Difficulties threaten the iron manu-.
facturers, for pig is higher. Bessemer
ut SlI.jO and gray forge at S97 at
Pittsburgh, while plates, angles and
beams are weaker, and various combi-
nations hold prices only by leaving
outside competitors to take the mar
ket as far as they can. Steel bars are
largely sold at one 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 aggre-
gated only 36, 900 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, 800
pounds for two weeks, against 81, 2O9,-
700 last year, and IL, ZOE, 800 in 1899,
but consigned wool has been mostly
withdrawn until after the election.
No gain is at present possible in goods,
and though the number of mills start
ing for the week is Is, against seven
stopping, much of the work done is in
anticipation of a better demand than
now exists.
Failures for the week have been 32s
in the United States, against 263 last
year, and 40 in Canada, agains 46 las
year.