The age-herald., 1897-09-25
WITH GOLD COMING
 AND FEVER SOUTH The Market in Some Particulars is
 Yery Much Off. ruaanr -10r ,..n1o,u,o
EXPORT TRADE IMPROVING
While There is a Decided Falling Off
 In Imports.
IRON AND STEEL ON THE JUMP
Prices Are Advancing, and the Demand Far Exceeds the capacity-Cotton on the
 TOboggan-Wheat and Corn Has
 Good Foreign Demand.

New York, Sept. 24-R. G, Dun & Co.'S weekly review of trade win say in it's Issue tomorrow:
 Gold imports have begun directly from England and from France, beside the ar- rival Of $4,O0o,000 at San Francisco from Australia for wheat exported Tine gold seceived there and started from Europe amounts ito s6.50O,OOO in two days and the advance of it's rates by the Bank of England to 21a per cent seems likely to check the movement in view of heavy mercha ndise balances due to this coun- try and a rise in tfIs rate of inteIe 1t here. The August excess of merchandise and specie exports over imports was not far from $42,00,000. and the September ex- cess will evidently be larger unless the gold shipments are considerable. Mer- chandise exports from New York in the three weeks of September have been 15.3 per cent over last years and imports 13.7 per cent less, and like changes on the whole trade for the north would re- suit in net exports of $5S, 100000 mer- chandise, besides silver
 Produce markets have bsen uncertain, closing a fraction higher for both wheat and corn. while the decline in cotton continues With SA paid for spot at the end of August cotton has dropped 11sc, or IS per cent in less than four weeks. in spite of the remarkable revival of manufacture. Fever in some of the southern cities has not been largely in- flueHtial and the main factor has been a general impression that the estimates are as misleading as they were when the yield was the greatest on record.
 The corn estimate most credited by the trade is only 1,750, 900, 900 bushels, but is coupled with figures tending to show a surplus from the last crop of 100000 900 bushels over ordinary consumption. Were this quite believed the price would mot be rising, although exports continue heavy, being in three weeks 9,927,S49 bushels against 6,150.1S7 last year.
 Wheat has gained fraction for the week while Atlantic exports (flour in cluded) for three weeks have been 12,- S,1s1 bushels against 6,1S3,743 last year. Western receipts are exceeding last years and foreign estimates now agree in making the probable requirement from this country over 100, O,O0o,OoO bushels greater than last year.
 The official ending of the western coal strike adds many thousand men to the working force in tine mines and others in manufactories using bituminous coal. The anthracite strike has substantially ended and no extensive labor disturb ance is threatened. The output of coke is now 125,00o tons and the price is also advanced.
 Some branches of the iron and steel industry are clearly no longer able to keep up with their new orders. Others are very fully employed for some months ahead and with all the demand is in- creasing. Heavy buying has raised Bessemer pig at Pittsburg to $10.50 and grey forge to $9.50, with actual sales of 10000 tons southern pig in the Mahon- ing Valley for $6.75 at Birmingham. Billets are quoted at $16.25 and $23 has beeh refused for wire rods. The struct- ural work is behind orders, tin plate mills are hindered by failuree to get sheet bars delivered fast enough, plate and sheet mills find heavy demand everywhere and bars are in great de- mand for cars at the west, with slight 1y improved demand and a shade better prices at the east. The average move ment of iron and steel products from the lowest is S.2 per cent.
 Wool sales at Boston have decreased a 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 doubt full, except for manufacturers having heavy supplies laid in. The cotton mills are doing a large business, although re- cent buying of goods has naturally de- creased after the recent rush.
 Failures for the week have been 209