Omaha daily bee., 1896-01-25
WHEAT EXPORTS ARE HEAVY
General Opinion European Demand Will
Increase from Now On.
TEXTILE INDUSTRIES ARE NOT GAINING
Advance I'm Iron and Steel Due to
Combinations Advancing Ore
and Cokc-Fintshcd Pro-
ducts Not

NEW YORK, Jan. A.-R. @. Dun & Co.'S
Weekly Review of Trade, which issues to-
morrow. will say: The week has been marked
by Improvement apparent rather than real.
Prices of some products have risen, but only
because supplies are believed to be smaller
than was expected. The senate stil Injuries
all business by doing nothing and the treas
ury cannot expect to gain in gold as yet, but
loses less than was expected. 1t is generally
assumed that the new loan will be placed
without difficulty, though the successive
payments may cause continued disturbance.
A delugn OF foreign reports favorable to wheat
speculation found ready answer in an advance of
over ) cents here. in spite OF western receipts,
which were so per cent larger than last year.
Atlantic exports for the week were also much
larger than last year, for the first time In
several months, but for the crop year to date
all exports have been about 11,6o0, 900 bushels
smaller than last year. The market has me
idea that foreign demands hereafter must be
much greater. because OF dehcient suppiies else
where. but no one expects that the increase
will be at all commensurate with the enormous
i the crSp IN vea we Began. is7' poss'ooSS bushels, against
l67, 9S6, 1911 bushels last year. Corn advanced be-
cause wheat advanced, receipts and exports con-
tinuing as before.
Cotton rose an eighth, although Mr., Ellison
estimated the yield at 1000. oo bales, and re-
arc many. who reason that the surplus will be
d dang re sly small S1n1n at s the end rS Of the b crop year Tns
actual marketing of goods in Europe and In this
country hardly supports that idea. Textile IN
dustries do not gain. With materials practic-
ally unchanged, they halt because the demand
for future delivery is so narrow. Cotton manu-
facturers have for months been storing up
staple goods, but prices have gradually declined
ever since October II. and now average GA per
cent lower than at that time, when the rise
from the lowest average of quotations In March,
1895, had been 22.9 per cent. In Europe, as
here, mills are running largely against expecta-
lions.
woolen goods also tend lower. with small
demand. and are practically at the prices of
a year ago, though wool is higher, sales having
been 10, 100. $50 pounds In three weeSs, of which
IL, 5S1, 900 pounds were foreign, against II, 2i6. 1855
foreign.
The iron and steel business finds encourage
ment in the advance of bessener pig to S3 at
Pittshurg and grey forge to $l1. %. but these are
coke and ore. Anthracite is not dearer at the
cast, and southern pig is pressed for sale. Fin
ished products are not stronger, while pig Iron
has advanced 1913 per cent since January /.
lower than at that time. The demand is plaialy
too small for thu supply, and the works in
operation are killing profits for each other by
undertaking. In such a case lower prices for
last year the raw materials hoisted everything
else, and some expect the operation to be re-
peated. While thirteen furnaces in the PITTS
burg region have stopped since January /, the
on the whole, partly because the bar. nail
and wire associations have all refused to lower
prices.
Minor metals are all weak, lake copper being
l4.541 tons In this country in December and 7.1ig
tons abroad. and 81, 4S5 tons for the last half OF
1895. against 1854 tons abroad. Lead and tin
are practically unchanged.
The failures for the week have been 373 In
the United States, against 1863 last year. and
sixty-one in Canada, against fifty-nine last year