The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1899-09-15
TRADE REVIEW.
The situation Is Decidedly bright
and Every Indication Appears
to Be Promising.

New York, Sept. 9.-R. G. Dun & Co.'S
weekly review of trade says: 1.-THE sky
is still cloudless and no disqueting change
has come during the week. In spite of
more warlike news about South Africa the
Bank of England behaves as If the worst
possible had been fully provided for. and
this country has no reason to fear trouble
from that source unless English markets
have so overloaded as to need help The
marketing of domestic products, both farm
and manufactured, continues surprising
ly large for the season. The new posses
sions, taken together, are returning in rev.
enue already more than it costs to clean and
govern them. The west and south still
behave as if it would be mpertinent for
New York to offer money for crop moving,
and are still bidding for commercial loans
here. Failures are few, strikes scarce and
readily settled and the passage of Septem-
Der 1 without pressure means reasonable
safety for months ahead.
after sharp decline, wheat has risen
a quarter cent this week, with Atlantic
exports 2,9OO,966 bushels, flour included,
against 1926, 100 last year, and Pacific ex-
ports 1854, 2o6 against 163, 1872 last year. Corn
has also taken a start upward, rising three
quarters of cent, with exports of S,O51 1853
bushels, against 2,431,0S5 last year. So
great a demand for both grains deserves
notice, but so do western receipts, $780,
697 bushels wheat, against 6,T4.611 last
year, and Of corn 5,92S,4S7, against 4,20S.S52
last year. There is no hesitancy in selling
or in shipping; with extraordinary foreign
demands for the season, farmers are send
ing forward at remarkably low prices ex-
traordinary quantities of grain.
Failures for the first week of Septem-
Der have been Sis, $780, against 81, Ill 1893 last
year; manufacturing, $212,25S, against 1924,
602 last year, and trading s466,313. against
1nrk nj Go. h. yoaly
have been 1872 in the United States, against
164 last year. and 80 in Canada, against 16
last year"
Bradstreet's says: Strength of staple
prices, activity in fall demand, large rail-
road earnings, reports of heavy lake traf-
fic and of activity in leading industries are
the features; none of them necessarily
new, but still presenting themselves in the
trade situation this week. Expansion in
fall demand is perhaps most notable at
the leading western and northwestern mar
kets, but advices from eastern markets
furnish evidence that active interest is
manifested at these centers. The prices
situation is one of notable strength, the
events of the week, in fact, having been
to accentuate in many cases the advances
shown during August. Cereals are gen.
orally higher, and trading has been within
rather narrow limits, the advance in wheat
having been mainly due short covering,
induced by more bullish foreign cables and
increased export demand The hot weather
in the west is responsible for further
shading in eXuberant estimates of the corn
crop and for the slight Strengthening in
prices shown therein. The only changes
in the iron and steel situation are in an up
ward direction as to prices. Complaints of
behindhand supplies and scarcity of mate
rial are still made. Work has in many in
stances, notably in shipbuilding, been de-
layed by backward deliveries of STEEL