The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-16
DUN's REVIEW.
Sees Encouragement In the FOreig n
Trade for September.

Sees Encouragement In the Foreign
Trade for September.
New York. October 15.-R, G.. Dun Y
Co.'S weekly review OF trad will tomor.
row say Foreign trade in September. the
heavy increase In iron production and
| consumption. and the largest payments
| through clearings ever known in October,
are features which outweigh hesitation IN
| some markets. Efforts by tho Bank OF
| England have delayed further gold exports.
but with a cotton movement rising, large
shipments to the other side arc deemed
far distant.
More gold means less Just now than
more iron. The output OF pig iron on
October / was 200l0S tons weekly against
1l2,712 year ago, the increase since July
/ having been 20 per cent. Unsold stocks
have been reduced at rate OF 40,27l tons
weekly In September, indicating oon-
sumption exceeding 232.000 tons woekly,
which is about 10000 greater than ever be
fore. Prices OF pig hold steady. though tho
production has been further increaacd sincs
October /, and prices Of finished pioducis
gradually rise, with especially heavy de-
mand for plates. rods and bars, while ah-
other contract has been taken by the lili-
nois Steel company to deliver 10000 IONS
OF steel rails for Japan and The Pennsyl-
vania company has bought $4,000 ions. In
plates the prices are cheaper Mt 3.l0, with
enormous production, and copper at l1l2M
sor lake with lead at 4.l0. but tin Is fairly
strong.
The cotton mills are producing, as cheap
cotton invites and with modelSte demand,
print cloths are low at 2.44. aud some
grades OF other goods are Slightly reduced.
Sales OF wool for speculation have great
ly decreased. but manufacturers do not
find current prices are warranted by the
market for goods, though 1t is strong and
advancing. Sales Of wool for two weeks
have been 2i.33i 600 pounds al the three
chief markets. of which Is, 1917 800 were do
nestle; and while quotations arc main
tslned large lots previously Withdrawn by
conslgnors are now offered. The demand
for spring goods is limited. but the prices
of some qualities have advanced shade
further. There is quiet contracting al
ready for heavyweights.
Wheat has been fairly steady but nov
ing more largely than last year from the
farms and from the country. Western re-
ccipts were If. 1857 .05i bushels In two weeks
Of October against l4.235.016 last year. At
lantic exports 6,Gf3 401 bushels, -four In
cluded against 347,s4b last year while
corn exported amounted TO 3.2f63G
against 3,30o.925 last year. September ex-
ports OF wheat surpasses all records.
amounting TO 25,sGS,S3s bushels against
17.G46.S16 last year. owing to high prices
the value being over 100 per cent larger for
all broadstuffs.
The price OF wheat has declined ga and
corn 1 cent, with the government report
OF a yield exceeding 1.i00.000,000 bushels.
Cotton declined 3-16 TO 6.3lc for spot;
some authorities OF repute having pub
lished estimates TINT the yield viii be
9,5o0.ooo bales. but the movement is yet re-
sisted by fever.
Failures for the week have been 233 In
the United States against 1928 last year and
SO In Canada against 40 last year.