The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-10-17
EXCESs OF EXPORTs.
This Says Dun is the One Most Hope
fu1 Change.

New York Oct 17=R. C. Dunn &
Co.'S weekly review Of trade1eays;
The one commercial ch2nge which
more than any other insures better
business in the near future, is the ex-
cess of merchandise exports over i'm
ports Tn September exports were $50
0gS, 594, and imports only $50. 825, 705, and
the excess of exports was $34,212, $50.
in payment for which net imports OF
gold We're $34, 249, 1888 Last year the eX-
cess of merchandise imports was So,
f65.25l, in September in net exports of
gold S16,5O6,55S. In two weeks Of OctO-
Der the exports from New York have
increased 3O-6 per cent against 3D. in
September while imports have decreas-
ed "A per cent against $50 in Septem-
Der. Continued shipments Of gold from
Europe, not including S4OO0,000 from
Australia, now amount to $50, 100000
since the movement began.
All the nails that outsiders can pro-
duce are sold at less than the assOcia-
ton asks, and billets are still sold for
ments in September aggregated only
$4,000 tons. mainly of sheet and tin
plate bars, and the demand for rails is
growing small
wool is stronger with continued spec
ulatiVe buying. and sales at eastern
markets have been 1853 800 pounds
for two weeks against 1.2O9, 700 last
year. and Is. 702, 500 in 1892 but cOnSign-
ed wool had been mostly Withdrawn
until after election. No gain is at pres
ent possible in goods, and though the
number of mills starting for the week
IS 10. against seven stopping, mucn OF
the work done is in anticipation Of
better demand than now exists. The
cotton manufacturer has also started
more spindles, but the demand for
goods scarcely increases and print
cloths sell at 2.56 cents. The manufac-
ture of minor metals also drags, though
domestic demand for copper is moder-
ate at 1915 cents for Lake Lead is a
shade weaker at 2.75 and tin makers
are underselIing foreigners Is to so
cents
Failures have been 32S in the United
States against 263 last year and 14O in
Canada against 46 last year.
The heavy movement of grain is the
corner stone. After an increase of So
923 675 in exports of breadStuHS in Sep
TENDER there have been shipped the
past week from Atlantic ports alone
2.134.774 bushels (four included) and f.
203. 845 in two weeks of october against
3.510,271 bushels last year. more inn
portant fact is that all the 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 expected in a large
part of India as the result of drOuth,
but impOrtations of wheat from Cali
fOrnia would help to prevent actual
famine.
A high official of Russia now in this
country confirms accounts of shOrtness
in the Russian holdings and estimates
that Europe viii fall 100. 900 900 bushels
short of last year in a supply of wheat.
While department estimates of yield
in this country are not credited, there
is every reason to expect a remarkable
foreign demand. Western receipts fall
a little below last years and for two
weeks have been 4.235,016 bushels,
against 5,OS4. 4S3 last year. Wheat has
advanced AZ cents for the week and
corn 2 cents Confidence as to the fu-
ture makes trouble in some industries
because speculation in material raises
Il. mi
ducts is checked
Boot and shoe makers get very mar
row orders at old prices, or at an ad-
vance of less than 1 per cent for the
week and less than s per cent from the
lowest point. Similar difficulties threat
en- in the iron manufacture; prices
$40 and grey forge at 1925 at Pitts
burg, while plates, angles and beams
are weaker and various combinations
hold prices lower; outside competition
took the market