The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-11-27
WHEAT ADVANCES.
The Heavy Exports OF Grain One OF
the Important Features ofthe Week.
Encouraging Reports from Dun


New York, Nov. 26--R. G. Dun &
Co.'S weekly review of trade will say in
it's issue of tomorrow:
The heavy exports Of wheat, with
the renewed advance in price is the
most interesting and important feature
of the week. Since Aug. |, when the
extent of foreign deficiency became
realized, exports have been larger than
in corresponding weeks of any previous
year. The cotton exports also have be-
come very heavy, and the outgo of
corn falls but little below last years
unprecedented record, while in exports
Of manufacturing products, especially
machinery, all records for the season
have been surpassed.
While the aggregate for November
last year was over $1O9, 900, ship
ments 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 9TH
er ports may make up the deficiency.
Meanwhile imports are running behind
last years, at New York nearly $2,000,-
900 this month, so that another excess
OF exports over imports amounting to
about $50 900, 900 for the month is prob
able This would make an excess of
about 1925, 100000 in four months.
After the slight decline last Saturday
wheat rose to l001s for November, with
| No. , red and other grades selling
| many cents higher. Yet western re-
| CeiptS are of enormous magnitude. In
| four weeks, 27,072, l04 bushels, against
| 2,9l4,S3S in the same four weeks last
year, while Atlantic exports, flour in
| Cluded, were for the week 3,62S, ,445
| bushels, and for four weeks 13,429, S39,
| against 7,737,6S5 last year. The ship
ments from other ports have also been
| heavy, and neither appears to change
| former estimates of European needs.
| Corn also continues to go abroad in
! quantities almost as large as last year,
when all past records were broken, but
the price has slightly declined.
| The iron industry shows no decrease
| in production or consumption of pig,
| but with much reduced orders for pro-
| ducts excess of production is expected,
| and Bessemer falls a shade to $1015
| and Grey Forge to 1925 at Pittsburg,
| though Chicago and eastern markets
| show no change. Billets are also weak
er at Pttsburg SIS. Expectation of
| lower prices tends to produce at a
| time when new business is naturally
| small and the mills are working mostly
| on other orders, with buyers impatient
| Tor deliveries. Other large orders are
| held back in plates by inability Of the
| works to deliver in the time desired.
In bars, agricultural and railway man
ufactul1ng causes a heavy demand at
! Chicago, iron being preferred to steel.
| and thin sheets arr also in better de-
mand, but bars are a shade lower at
Pittsburg, and both wire and cut nails.
Some large orders for rails by eastern
| railways are reported.
The woolen manufacturer is still
consuming heavily in execution of past
orders, and many agents are sold so
| far ahead that they seek no further
! business, while others are beginning to
| question whether the demand for the
| next season will suffice if prices are
/ made to correspondent with present
| quotations of wool. Some reductions in
! prices of wool appears, possibly aver
aging half a cent, with sales of Aus
tralian amounting to 100000 pounds
in few large blocks at Boston, but
| the tone is still strong. No change has
| occurred in the cotton manufacture,
and the market for it's products is still
| irregular.
| Failures for the week have been 236
in the United States against 300 last
year. and 20 in Canada against 3S last
| year.