The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1897-12-22
RECORDS ARE BROKEN.
Exports for the Year Are the Greatest
i'm Our History.

i'm Our History.
New York. Dec. 1s.-R. G. Dun & Co.
in their weekly review of trade say:
'-Close TO its annual holiday and halt, the
business of the year is surprisingly large.
Payments through banks are again Is per
cent larger than In IS92. heretofore the
year Of greatest prosperity; the production
Of iron and woolens and boots and shoes
Is larger than ever before, exports eclipse
al past records. and failures for two weeks
have been the smallest for corresponding
weeks In five years. The treasury receipts
show q steady increase for the first half
Of December over previous months, both
II customs and internal revenue, and heavy
payments TO the government on Union Pa
cihc account caused but slight stringency
in the money market, with preparations for
large cancellation Of bonds
THE most weighty news Of the week Is
the rise OF merchandise exports IN Noven-
Der TO S1lS, $50, go, the excess Of exports n
four months being So. 2l2. z0l, while in half
of December exports are nearly as large
and imports 6, 500 900 smaller than last year,
when the excess OF exports was SIS, 205.3 66-
Probably all records are surpassed by ex-
ports for this year, which have been SS74,-
co., 600 In II months, and the excess over
imports II five months has probably ex-
ceeded S2S9. 000. eoa.
THE output of pig iron December was
the greatest ever known, G6.0A tons,
against N3,I59 November l, 1856, and i7,SO6
in November, 1895. the highest point here
tofore. Unsold stocks also decreased in
November ., 652 tons, indicating consump-
ton of about $4,000 weekly during the
month. Bessemer declined IN the face OF
such production ID cents and grey forge
. cents at Pittsburgh The demand was on
the whole greater and unusual structural
contracts for the season were placed, with
sales of 10000 tons Of steel rails al New
York and the largest orders ever booked
by the Illinois Steel company, II Is said,
and Unexpectedly heavy business IN plates
Much buying also resulted from expecta-
ton Of the wire consolidation
Wheat is just now the backbone or Tor
e;gn relations, and Atlantic exports in two
weeks have been, -four Included, 1850, S42
bushels, against 5,4l2,6T last year, while
receipts rose TO L, 606,12 bushels, against
e.ea5, $50 last year. The price gained frac-
ton in spite of the speculative decline II
Chicago.
Corn exports continue TO exceed last
wears: in two weeks 6.226.Ss4 bushels,
against 5,074. GIG last year, which is Pr
ticularly significant feature The price rose
but q fraction and receipts IN two weeks
were S.Q2s. Gil bushels. against 5.A4s.lA last
year.
the United States, against 3S7 last year,
and Is in Canada, against Il last year.
Bradstreet's says:
"A sensible cuieting OF demand in whole
sale lines is reported as the holiday season
and the annual stock-taking period ap-
Iroach Chief among the favorable fea-
lures of the week has been enlarged IL
curry at higher prices for steel il various
forms, accompanied by advances in the
prices of sorts NEST affected CORE
spondingly heavy business has developed
in pig iron and prices show but a slight
shading in face of the current immense
production The wheat market has been
less feverish and prices are practically IN
changed from week ago, while corn, oats
and sugar are additions TO the list of the
products showing advances. The unsatis-
factory outlook for cotton goods is re-
7ected in reductions IN bleached goods to
the lowest point ever reached, while some
cotton yarns show weakness. Anthracite
coal is weak, although production has been
curtailed, and talk Of further restrictions
is heard With these exceptions, the price
situation Is one of quite exceptional steadi-
ness"
AT the east trade IN wholesale lines is
quiet, but retail trade has been stimulated
sufficiently TO allow Of q fair record of
business in seasonable lines Manufac-
turers Of wooden cloths are running on small
margins and look TO a change in heavy
weight goods to improve the situation The
trade situation west and northwest Is one
of unimpaired strength, although milder
weather checks distribution Of wilter-wear
goods. Notable among favorable features
is the improved inquiry at higher prices
for several kinds OF steel, especially bill
lets and wire and nails.