The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-09-25
GOLD IMPORTS BEGUN
Movement 10 Two Days Amounts to Six
and 0ne.HaIt Millions.
COTTON DROPS l8 PER CENT IN A MONTH
Wheat ana Corn Mnke Slight Gains.
End OF Coal Strike Adds Thousnua,
10 Working Forco : Demand for
Merchandiso suffers IL Fall OF.
business Not Tsp TO Expectations.
New York, Sept. "a, 1897.

New York, Sept. "a, 1897.
it &. Dun & Co.'S weekly review of
arade Will say In its Issue ao-msrrow:
Gold imports have been begun direct
drom England and from France besides
Ihe arrival Of 100000 ait San Francisco
irom Australia for wheat exported. The
Sold received there and started from
Europe amounts ITO Sc, 500 900 in TWO days
and THE advance OF its rates by the Bank
or England to 21a per cent seems little
AKeiy TO check the movement, in view
Oh 'tne heaVy merchandise balances due
to this country. and a rise i'm the rate
or interest here. The August excess of
Heronandise and specie exports over i'm
ports was not far from S42, 600 900, and
ulle September excess will be larger un-
less shipments of gold are considerable
Merchandise exports from New York in
phree weeks of September have been 10
per cent. over last years, and imports
1877 per cent. less, and like changes on
THE whole trade for the month would re-
subt dn net exports of S53,000,00O MGR
chandiSe, beside silver
Produce markets have been uncertain
closing a fraction high for both wheat
and corn. while the decline in cotton
continues. With 81 celrts paid for spot
at the end Of August, cotton has drop
ped 11a cents, or is per cent. in less than
four weeks. Fever in some Southern
ofties has not been largely influential
and the main factor has been 4 general
impression that estimates are as mis-
leading as they were when THE Yield was
Ehe greatest On record
The corn estimate mCSL credited by
the trade Is only 1,750 0OO coo bushels
but is coupled with figures. tending to
show q surplus from the last crop of
4Oo,000.Q0O bushels over ordinary con-
sumption. Were ibhiS quite believed the
price would not be rising, although cX-
ports continue heavy, in three weeks
9'927.S49 bushels against 615O,1S7 last
year. Wheat has gained a fraction for
the week, while Atlantic exports, flour
included fer three weeks, have been
l2,49S,lSl bushels. against 6,1S3,7i3 last
year. Western receipts are exceeding
lslfst years. and foreign estimates now
agree In making the probable require
ment from this country over 100, ,OOO 600
bushels greater than last year.
The official ending of the Western coal
Suike adds many thousanl men TO the
working force in the mines, and others
In manufactures using b.tuminous coal
The anthracite coal strike has ended
and no extensive labor disturbance is
threatened. The output of coke is now
125,O00 tons, and the price is also ad-
vanced.
Heavy buying has raised bessemer pig
al Plttsburg to s1O.5O. and grey forge
to $3.50, with actual sales of 10, 600 tons
Southern pig I'm the Mahoning Valley for
$6.76 art Birmingham. Blllets are quoted
at $l6.25 and SIS has been refused fo,.
Wire rods. The structural work is behind
ORDERS, tin plate mills are hindered by
failure 10 get sheet bars delivered fast
enough; plate and sheet mills find heavy
demand everywhere. and bars arc in
great demand for oars at the West. The
average advance OF iron and steel pro
ducts from the lowest point is So per
cent