The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1898-11-23
SHOWS IMPROVEMENT.
All Lines of Trade Are Reported to BE
Enjoying Very Fair-Sized
Boom.

New York, Nov. 19.-R. G. Dun & Co.'S
weekly review of trade says: 1.-The situa-
ton Is clearer and the improvement in
business which was expected after the
election has begun. Payments through
clearing houses are far the largest ever
known. for the week 1878 per cent. larger
than last year, and $50 per cent larger
than in 1892 The glass workers have re-
Sumed, the anthracite coal outp ut is heavy
and much beyond the present capacity of
markets. the troubles in Illinois coal mines
have been settled and the new strike of
shoe workers in Marlboro, Mass, is now
the only labor hindrance of consequence.
1t is noteworthy that In spite of all changes
the price of spot wheat has but slightly
changed.
Iron is in bigger demand all the time
and yet production steadily increases and
at Pittsburgh bessemer pig is slightly low
er, at SOLO, the new association being I'M
dersold Orders for plates are beyond all
precedent, including material for cars.
bridges, vessels and work OF all sorts, and
structural work Is seasonably quiet,
though the mills have much ahead. while
ID bars the demand is considerably better
at Pittsburgh, with orders for material OF
5000 cars at Chicago. Some works at the
east are short Of orders and prices are
held back. The expectation is that the
proposed rail association will meet an ex-
tremely heavy demand for the next year,
that prices will not be advanced above
$40 at the east and s21 at Chicago. In iron
products the next will probably be rec
ord breaking year.
Failures for the week have been 233 in
the United States, against 267 last year and
rs in Canada. against 80 last year"
Bradstreet's says: Evidence accumu-
l-tes that the good results flowing from
the recent elections are no longer confined
entirely to Improvement in tone and con-
fidence, though the active feeling infu-
ences dealings in both financial and mer-
camille lines Several substantial develop
ments present themselves this week, no
table among which are a number of ad-.
vances in prices. exceptionally few de-
clines thereof. growing strength in the pig
iron situation, unprecedentedly large week
bank clearingS, and remarkably good re-
ports as to export trade, not only in the
lines of foreign products, but in enlarged
trade in manufactured products Distri-
button of merchandise shows but little
change from recently preceding weeks. but
the growth in confidence is reflected in
very general reports of improved collec-
lions on past business.
First and foremost in the line of for
eign trade extension are the returns re-
Gently made for October, pointing to ex-
ports for that month larger than in the
corresponding month of any preceding
year, second only to those oi December
last year, and chargeable not so much
as formerly to enlarged exports of farm
products, but to heavily increased exports
of finished products of American industry.
II this connection specially good reports
come from the iron and steel industry,
which has thereby been rendered more
nearly Independent than ever before Of
fluctuations in domestic demand. The
strength in values of all cereals (all the
leading breadstuffs are higher this week.
is of course due to the constant foreign de-
mand more than effecting very large gains
in domestic supplies, which. however. are
below any corresponding period for years
past. Comparisons of four months ex-
ports, July to October inclusive, point to
wheat and -four shipments little below
those of last year. and only ten per cent
below those of 1891. the heaviest ever