The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-19
new TRADE BALANCE
This Time Z Is in Favor OF AM
erican Commerce.
WEEKLY REVIEW OF R. @. DUN 4 co

sures Rett.r Busincss-Europes Large
WHEAT penoit of 100, 900, 900 Bushels IL
sure TO Creste . Big Foreign Demand
Advance In the Price Of Wheat and Corn
Failures for Week.
New YORK, Oct --.-R. @. Dun q Co.
Weekly Review of Trade says: The one
commercial change which more than
any other insures better business In the
near future, Is the excess of merchan-
disc exports over imports. In Septem-
Der exports were ss5,oss.5s4 and i'm
ports only $50. .s25. .7o5. and the excess OF
exports was s34 .272. .sss. in payment for
which net imports OF gold were sSi'-
24e.ls3. Last year the excess OF mer-
chandise imports was ss.765.257 In sep
tember and net exports OF gold sle
506, ,55s In the four principal classes
the exports increased $40 l34. more
than half In cotton. In two weeks or
October the exports from New YORK
have increased sos per cent against Sl.Z
In September while the imports nave
decreased "a per cent. against 3o.Z IN
September Continued shipments OF
gold from Europe. not including Sa.-
25s. 900 since the movement began. OF
which $52, ESQ 900 have already arrived.
and imports have not been arrested by
measures taken by the great European
banks.
Movement of Grain Il Heavy.
After an increase of s5,92S6I5 In ex-
| ports of breadstuffs In September. there
| have been shipped the last week from
II -
| dour included. and 4,203.s45 In two
weeks of october. against 3.510.271 bush
els last year. more important fact
In that all available grain freights
have been engaged for months ahead
| here and on the Pacific coast. The min
| lister of agriculture In India stated In
l council on Thursday that distress was
| expected In a large part of India as the
| result of drought. but importations Oh
| wheat from California would help TO
| prevent actual famine.
high official of Russia now in this
country confirms the accounts ofshort-
ness in the Russian yield. Thus the
| estimates that Europe will fall 100000
| 600 bushels short of last year in supply
| OF wheat are strongly supported ana
i while the department estimates OF the
I. yield in this country are not credited
there is every reason to expect a re-
| markable foreign demand. Western
: receipts fall a little below last year
and for two weeks have been l4.2S3,oit
=, bushels. against 15.os4.4s3 last year.
Il Advance In whcss~nd Corn
Wheat his advanced 4h cents for tbs
| week and corn cents. Confidence a:
10 the future makes trouble in some
| industries because speculation In ma
, | terisls raises prices. so that demand
| for finished products Is checked. BOO
| and shoe makers receive narrow Orders
| nj old prices, or at an advance les'
!. than | per cent. for the week. and les
Than 6 per cent from the lowest point
= Similar difficulties threaten In tn
iron manufacture. for pig Is higher
Bessemer at sl1.5O. and gray forge a
!, SO. rs at Pittsburg, while plates. angles
and beams are weaker, and variou
combinations hold prices only by leav
a | ing outside competitors TO take tn
market as fa- as they can. Steel bar
are largely sold at l cent, while i.
| cents is demanded for IRON all tn
nails that outsiders can produce ar
| still sold for less than the associate
n asks: billets are still sold for less tina
The pool price. and it's shipments J
September aggregate only $4,000 tons
- mainly OF sheet and tin plate bars an
~ the demand for rails is becoming small
Speculative Buying of Wool.
e. Wool is stronger with continue
L. speculative buying. and snies at cas-
erI crn markets have been 14,5oS.3oO pound
nd | for two weeks. against 2l.20s.7OO la
a wear. and 3.702, 500 in withdrawn un'
he after the election. No gain 1892; o'
IN consigned wool has been mostly
rs present possible in goods. and. thout
&c the number of mills starting Tor u
;" week Is fifteen, against seven stoppin
much of the work done Is In anticip
ton of better demand than now e
nd lists. The cotton manufacture n
tn started more spindles, but the demai
AN for goods scarcely increases and pri
ay cloths sell at 256 cents. The manufa
'e- ture Of minor metals drags, though q
nestle demand for copper Is modera
at H0.75 for lake. Lead Is sha
on weaker at 81. 10. and tinmakers are u
e. derseiling foreign Is cents to 20 Ger
ST per box. Failures for the week ha
NY beeen 32s In the United States, agar
'od 2s3 last year. and forty In Cana'
20 against forty-six last year