The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-10-17
EXPORTS INCREASING
Better Business in the Near
Future Is Insured.
DUN & COMPANY'S TRADE REVIEW

Gold Continues to Arrive From Europe
and Heavy Movement of Grain Has
Commemorate Great Foreign Demand
For Our wheat-Prices of Both Have
Advanced-situation Sized Up.
New YORK, Oct 17.-R. G. Dun g.
Company's weekly review of trade says
The one commercial change which,
more than any other ensures better bus
mess in the near future, is the excess of
merchandise exports over imports. In
September exports were $50, 09S ,594, and
imports only $50,825, zoo, and the excess
of exports was $34, 272 $3.50, in payment
for which net imports of gold were $34,-
$40, 1873. Last year the excess of mer-
chandise imports was $6,765 1851, i'll Sep
TENDER, and net exports Of gold SIG, 506,.
55S.
In the four principal classes exports
increased $40, 641 1874 more than half in
cotton. In two weeks of October the
exports from New York have increased
1915 per cent, against 31.2 in September,
while imports have decreased "a per
cent, against 35.2 in September. Con.
tinued shipments of gold from Europe,
not including $4,000,000 from Australia,
now amounts to $59250, 900 since the
movement began, of which S52 $50, 000
has already arrived and have not been
arrested by measures taken by the great
European banks.
The heavy movement of grain is the
cornerstone. After an increase of So,
1923, $40 in exports of breadStuffs in Sep
TENDER, there have been shipped the
past week from Atlantic ports alone
2,134, IA bushels, flour included and
4,203,S45 i'll two weeks of October,
against 3,510,271 bushels last year. \
more important fact is that all availa-
BILE grain freights have been engaged
for months ahead here and on the Pa
cific coast.
The minister of agriculture in India
stated in council on Thursday that dis
tress was expected in a large part of In
dia as the result of drouth, but importa-
tons of wheat from California would
help to prevent actual famine.
A high official of Russia now in this
country confirms accounts of shortness
in the Russian yield Thus the esti-
mates that Europe will fall 100,000,0O0
bushels short of last year in supply Of
wheat is strongly supported, and while
department estimates of yield in this
country are not credited there is every
reason to expect remarkable foreign de-
mand. Western receipts fall little be-
low last years, and for two weeks have
been II, 235, 016 bushels, against 1904,
4S3 last year. Wheat has advanced
l-2 cents for he week and corn cents.
Confidence as to the future makes
trouble in some industries because spec
ulation in materials raises prices so that
demand for finished productsis checked.
Boot and shoe makers get very narrow
orders at old prices, or at an advance
less than 1 per cent for the week and
less than per cent from the lowest
point.
Similar difficulties threaten in the
iron manufacture, for pig is higher,
Bessemer at $11.50 and grey forge at
1915 at Pittsburg, while plates, angles
and beams are weaker, and various
combinations hold prices only by leav-
ing outside competitors to take the mar
ket as far as they can. Steel bars are
largely sold at l cent, while 1.2 is de-
manded for iron all the nails that out
siders can produce are sold at less
than the association asks; billets are
still sold for less than the pool price,
and its shipments i'll September aggre-
gated only $4,000 tons, mainly of sheer
and tinplate bars, and the demand for
rails is growing small.
Wool is stronger with continued
speculative buying, and sales at eastern
markets have been 1886, 300 pounds
for two weeks. against 21,209,70 last
year, and 10, 7O2, 800 in 1892, but con-
signed wool has been mostly withdrawn
until after the election. No gain is at
present possible in goods and though
the number of mills starting for the week
is 10, against Z stopping, much of the
work done is in anticipation of a better
demand than now exists.
The cotton manufacture has also
started more spindles, but the demand
for goods scarcely increases and print
cloths sell at 2.56 cents.
The manufacture of minor metals also
drags, though domestic demand for
copper is moderate at 1875 cents for
lake. Lead is shade weaker at 2. 10,
and tin makers are underselling foreign
10 to 20 cents per box
Failures for the week have been 32S
in the United States, against 263 last
year, and 40 in Canada, against 46 last
year.