Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1897-12-03
LARGEST FOR YEARS
Exports of Wheat, Corn and Got.
ton Very Heavy.
THE BALANCE OF TRADE IS WITH US.
Excess of Exports Over Imports for
Four Months Will Reach About
5,0OO,OOO-situntion rs Seen
by Dun and Brndstreet.

New York, Nov. 27.-R. G. Dun & Co.,
in their weekly review of trade, say:
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
realized, exports have been larger than in
corresponding weeks Of any previous year.
The cotton exports also have become very
heavy, and the outgo of corn falls but
little below last years unprecedented rec
ord, while in exports OF manufactured
products. especially machinery, all rec
ords for the season have been surpassed.
While the aggregate from November last
year was over $l09. $1,000. shipments for
New York for. three weeks have been
slightly smaller, with fair prospect that
the increase In cotton and other products
from other ports may make up the def
cheney. Meanwhile imports are running
behind last years at New York-nearly
$2.OO0.000 this month-so that another eX-
cess of exports over imports amounting to
about s60.00O,0O0 for the month is probable.
But this would make an excess of about
3225. 900 in four months.
Wheat, Corn and Cotton.
AFTER the slight decline last Saturday
wheat rose to $l001s for November, with
No. 2 red and other grades selling many
cents higher Yet western receipts are of
enormous magnitude in four weeks. a.
072,104 bushels. against 9,214,SSS In the same
four weeks last year, while Atlantic eX-
ports, -four included, were for the week
S,62S.4i6 bushels, and for four weeks 49,
1888, against 7,7S,6s5 last year. The ship
ments from other ports have also been
heavy, and nothing appears to change for
mer 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
Cotton declined to 5.s1 cents the lowest
point for many years, with scarcely any
indications of speculative effort. More
has come into sight this month than dur
ing the same time in 1894 from the largest
crop ever raised, while takings by northern
and southern spinners have been smaller
and print cloths and some other staple
goods are at the lowest quotations ever
known. In such conditions weakness is
natural. although extreme estimates of
yield are not by some entirely credited
The demand for goods from the south is
larger since the removal of embargoes, and
recent reductions in prices have stimulated
larger transactions by dealers, but stocks
held by the mills are still heavy.
1.-The wooden manufacture Is still con-
Stunning heavily in execution of past ORDERS
and many agents are sold SO far ahead that
they seek no further business, while 9TH
ers are beginning to question whether the
demand for the next season will suffice
II prices are made to correspond with pres
ent quotations of wool. Some reduction in
prices of wool appears, possibly avera ging
half cent
The Iron Industry.
''The Iron industry shows no decrease in
production or consumption Of pig, but with
much reduced orders for products excess
OF production IL expected. and Bessemer
falls shade to $10.15 and gray forge to
1925 at Pittsburgh, though Chicago and
eastern markets show no change. Ex-
pectation of lower prices tends to produce
them at time when new business Is nat
| urally small and the mills are working
mostly on old orders with buyers impa-
tient for deliveries. Other large orders are
held back In plates by inability of the
works to deliver In the time desired.
Failures for the week have been 236 in
the United States. against 800 las tyear, and
% In Canada. against IS last year.
Dradstreets Review.
/, Pradstreet's says:
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 the colder
| weather has stimulated demand al the in
terror, and country merchants have been
buying with comparative freedom. The
eastern cotton goods industry continues
depressed. Consumers evidently do not
intend to buy extensively until they be-
| lieve the prices of raw cotton are ready to
| advance
"Other lines reporting seasonable distri-
button are manufacturers of wooens
clothing, shoes and jobbers of fancy gro.
| ceries. At Philadelphia there is a check
| in demand for products In leading textile
| lines and arrangements are making to run
| on shorter time. Iron and steel have not
| been In as active demand as expected and
are lower, notwithstanding furnaces and
mills are supplied with orders sufficient tc
! garry them well into next year. A favor
able feature Is found in advances In wages
OF operatives in various Industrial lines.''