Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-11-27
FLOOD OF WHEAT. CORN AND COT
TON LEAVING AMERICA.
IMPORTS CONTINUE LIGHT.
BALANCE OF TRADE Is STRONGLY
IN OUR FAVOR.
Excess of Exports Over Imports Has
Been S2.5,OOO. .OOO In Fo.r Months
Cotton Lower Than for
Years BefOre-weekly
Trade Review.

New York. Nov. ar. G.. Dun & Co.'S
Weekly Review of Trade will say, in its is
sue of tomorrow:
THE heavy exports of wheat, with the
renewed advance in price. is the most in
teresting and important feature of the
weeks events. Since August. when the
extent of the foreign deficiency became re-
allied, exports have been larger than in
corresponding weeks OF any previous years
The cotton exports also have become very
heavy and the outgo of corn falls but little
below last years unprecedented record.
while in exports of manufacturing prod
ucts. especially machinery. all records for
the season have been surpassed.
while the aggregate for November last
year was over sl09.O0000S. shipments from
New York for three weeks have been but
slightly smaller. with a fair prospect that
the known increase in cotton and other
products from other ports may make up the
deficiency. Meanwhile. imports are run
ming behind last years at New. York, near
ly 81 900, 600 this month, SO that another ex-
cess of exports over imports. amounting to
about $50, 900 900 for the month, is probable.
This would make an excess of about S2225,-
0OO, 600 in four months.
After the slight decline last Saturday.
wheat rose to $iO0Is for November. with No.
2 red and other grades selling many cents
higher. Yet Western receipts are of enor-
nous magnitude. in four weeks. 2oi
bushels. against 9,124.S3S in the same four
weeks last year, while Atlantic exports.
flour included were. for the week. S.s2s.4i6
bushels, and for four weeks, 13, ,4S9. $50.
against 1.137.6s5 last year. The shipments
from other ports have also been heavy and
nothing appears to change former esti-
mates of European needs.
Corn also continues to go abroad IN
quantities almost as large as last year.
when all past records were proken. but
the price has slightly declined.
Cotton declined to 5.a cents, the lowest
point for many years. with scarcely any
Indications of speculative effort. More has
come into sight this month than during the
same time in 1894 from the largest crop
Southern spinners have been smaller and
print cloths and some other staple goods
are at the lowest quotations ever known.
| though extreme estimates Of yield are not
| by some entirely credited.
'The iron industry shows no decrease in
production or consumption of pig. but with
much reduced orders for products. excess
| of production is expected.
THE woolen manufacturer Is still con-
Stunning heavily in execution of past or
ders and many agents are sold so far ahead
that they seek no further business.
New York. Nov. ss.-Bradstreet's to-mor-
| notwithstanding the appearance of a
| demand for holiday specialties at some
points in the South, at Chicago. st. Louis
and in regions tributary thereto. general
| trade throughout the country has shown
| no general improvement this week. Most
favorable reports are from the territory
west of the Mississippi river and north
| of Missouri and Kansas. where colder
4 weather has stimulated demand at the in
terror, and country merchants have been
| buying with comparative freedom.
THE Eastern cotton goods industry con-
! tinues depressed. Consumers evidently do
| not intend to buy extensively until they
believe the prices of raw cotton is ready
/ to advance. Competition from Southern
| mills. more particularly overproduction by
| underlies existing large stocks and the
| heavines3 Of prices"