The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-10-22
THE WEEKLY REVIEWS ON
GENERAL TRADE AND VOL
UME OF BUSINESS.
EXPORTS NOW EXCEED THE IMPORTS
Eyports in October Make Il Fine Show
ing-Gold Continues to Pour In.
Wheat and Corn Continue to
Acknowledgment Good.

New York. Oct. 16.-R. G. Dun &
Co.'S Weekly Review of Trade tomorrow
will say:
The one commercial change which
more than any other ensures better bust,
ness in the near future Is the excess OF
merchandise exports over imports. III
September exports were SSo,OoS,o9f ana
innorts only Sj0.S25,702 and the excess
of exports S34, 272, $50, in payment for
which net imports of gold were $34, 240,-
1873. Last year the excess of merchan-
disc imports was Sc, 7Gj,257 in September
and net exports of gold $1G,5O6,55S.
In the four principal classes export i'll
creased $2O,G41 ,134, more than half in
cotton. In the two weeks of October the
exports from New York have increased
3O.G per cent against b. per cent i'll Sep,
TENDER, while imports have decreased II
per cent against Do per cent III Septem-
Der.
Continued shipments of gold from Eu-
rope. not including $4,000,000 from Aus
tralia. now amounts to SJ0,2oO,OOO since
the movement began, of which So2,2oO,'
600 has already arrived and has not been
arrested by measures taken by the great
European banks.
The heavy movement of grain is the
corner stone. After an increase. OF
Sj.932,G7J in exports of bread stuffs in
September, there have been shipped the
past week from Atlantic ports alone
2,134,776 bushels, flour included, ana
4,O23,O4J bushels in two weeks of De-
tobcr against 3,510,271 bushels last year.
A more important fact is that available
grain for freights have been engaged for
months ahead here and on the racine
coast. The minister of agriculture in In
dia stated in council Thursday that dis
tress was expected i'll large part OF IN
dia as a result of drought, but importa-
lions of wheat from California would help
TO prevent actual famine. a heavy out
flow from Russia now into this country
confirms accounts of shortness in the Rus
sian yield. Thus the estimates that Eu-
rope will fall 1O0,000000 bushels short
of last year in supply of wheat is strong
ly supported, and while department est
mates of yield in this country are not
credited, there is reason to believe that
they will be about correct.
Wheat has advanced 4 lie for the
week and corn &c. Confidence as to the
future makes trouble III some Industries
because speculation in materials raises
prices so that demand for finished pro-
ducts is checked. Boot and shoe makers
get very narrow orders at old prices or at
an advance less than l per cent for the
week and less than q per cent from the
lowest point. Similar difficulties threaten
the iron manufacturers. Bessemer IS
quoted at S11.50 and grey forge at 500
ut Pittsburg, while plates, fanges,. beams,
etc, are weak and various combinations
hold prices only by leaving outside COM
petitors take the market as far as they
can. Steel bars are largely sold ut 81,
while S102 is demanded for iron. All
the nails that outsiders can produce are
sold at less than the association asks,
Billcts still sell for less than the poo
price and its shipments in September ag,
gregated only $4,000 tons, mainly OF
sheet and tin plate bars, ana the demand
| for rails is growing small
Wool is stronger with continued Specu
| lntivc buying and sales at eastern mar
| kcis have been II, 336,3OO pounds 10
| two weeks. against 21,2O0,1 100 last year
and 13.7O2, 800 in 1882, but conslgne!!
wool has been mostly withdrawn untl
after the election. No gains are at pres
cnt possible in goods, and though tn,
number of mills starting for the Wcel
is fifteen against seven stopping, much o
the work done is in anticipation OF Il pet
| for demand than now exists.
The cotton manufacturer has also starr
cd more spndles, but the demand 10
goods scarcely increases, ana PRINT cloth
| soil Mt 2.56c. The manufacture o
minor metals also drags, though domestl
! demand for copper is moderate at NlU.i
for lake. 400 :;
Failures for the week have been 23S /
the United States against 20 last Eeai
and 40 in Canada against At last year.