The star. (Reynoldsville, Pa.) 1892-1946, 1897-09-29
BIG EXPORT TRADE.
Cola Flowing into this Country a. Result Of
Our Foreign Exports .

VuA xVAoiBu GAPuItus
r. q. Dun & Co.'S Weekly Review Of
Trade reports as follows:
Gold imports have begun direct from
England and from France, besides the
arrival OF N,000.000 at San Francisco
from Australia for wheat exported. The
gold received there and started for Flu
rope amounts to SO, 900 in two days,
and the advance Of its rates by the
Bank of England to 2A per cent seems
little likely to check the movement, IN
view OF heavy merchandise balances
due to this country and rise In the
rate of interest here. The August ex-
cess of merchandise and specie exports
over imports was not far from $4,000
900, and the September excess will EVIL
IDENTIFY be larger-unless shipments Of
gold are considerable. Merchandise
exports from New York In three weeks
of September have been 1853 per cent
over last years, and imports 1871 per
cent. less. and like changes on the
whole trade for the month would result
In net exports of $53, ,000, 900 of merchan-
disc, besides silver.
Produce markets have been uncer-
tain, closing a fraction higher for both
wheat and corn, while the decline In
cotton continues. With S15c paid for
spot at the end of August, cotton has
dropped 115c or Is per cent. in less than
four weeks, In spite of remarkable
revival OF manufacture. Western re-
ceipts are exceeding last years, and
foreign estimates now agree in making
the probable requirement from this
country over 100,O00000 bushels greater
than last year.
The official ending of the western
coal strike adds many thousand men to
the working force In the mines, and
others in manufactures using bitumin-
Gus coal The anthracite strike has
substantially ended. and no extensive
| labor disturbance Is threatened. The
output of coke is now $4,000 tons. and
| the price Is also advanced Some
branches of the iron and steel indus
| try are clearly no longer able to keep
up with their new orders. Others are
fully employed for some months ahead,
and, with all, the demand is increasing.
| Heavy buying has raised bessemer pig
| at Pittsburg to $40 so and gray forge to
| so so, with actual sales of 10000 tons
southern pig In the Mahoning valley for
| So rs at Birmingham. Billets are quot
ed at SIG rs and s23 has been refused
for wire rods. The structural work is
behind orders, tin plate mills are HIN
dered by failure to get sheet bars de-
| livered fast enough, plate and sheet
mills find heavy demand everywhere,
| and bars are In great demand for cars
at the West, with vastly improved de-
mand and shade better prices at the
East.
| Wool sales at Boston have decreased
quarter, but manufacturers are still
unable to find profits In goods with
wool at present prices. Reported sales
of wool are more than double those OF
the most prosperous years, but the rise
| in prices renders the future more
| doubtful, except for manufacturers
having heavy supplies laid in. The
cotton mills are doing large business,
although recent buying of goods has
naturally decreased after the recent
rush.
Failures for the week have been 2O9
In the United States, against 315 last
year. and 2s in Canada, against 80 last
| year.