The daily morning journal and courier., 1897-11-27
WEEKLY REVIEW OF TRADE
HEAYY EXPORTS OF WHEAT WITH
 RENEWED ADVANoE IN PRICE.

I
 This Feature Among the Most Interesting
 of the Weeks Events-Cotton Exports
 Also Heavy-Failures Show Decided
 Falling or as Compared With Corres-
 bonding Week of Last Year.
 New York, Nov. 26-R. G. Dun & Go. in their weekly review of trade will say: The heavy exports of wheat, with the renewed advance in price, is the most interesting and important feature of the weeks events. Since August 1, when the extent of foreign deficiency became realized, exports have been larger than in corresponding weeks of any previous year. The cotton exports have also be- come very heavy, and the outgo of corn falls but little below last years unpre- cedented records, while in exports of manufacturing products, especially ma- chinery, all records for the season have been surpassed. While the aggregate for November last year was over S109,- 100000, shipments from New York for three weeks have been but slightly smaller with a fair prospect that the known increase in cotton and other products from other ports may make up the deficiency. Meanwhile imports are running behind last years, at New York nearly $2,000,0O0 this month, so that another excess of exports over im- ports amounting to about $60,000, 900 for the month is probable But this would make an excess of about $225, ,000, 900 in four months.
 After the slight decline last Saturday wheat rose to 1001s for November, with No red and other grades selling many cents higher. Yet eastern receipts are of enormous magnitude, in four weeks 27072,10 bushels against 9,214,S3S in the same four weeks last year, while At lantic exports, flour included, were for the week 3,62s, 446 bushels, and for four weeks 13,429,8S9 against 7,7376S5 last year. The shipments from other ports have also been heavy and nothing ap- pears to change former estimates of European needs. Corn also continues togo abroad in quantities almost as large as last year, when all past rec ords were broken, but the price has slightly declined.
 Cotton declined to 5,S1 cents, the low est point for many years, with scarce " any indication of speculative effort. More has come into sight this month than during the same time in 1894 from the largest crop ever raised, while talk ings by northern and southern spinners nave been smaller, and print cloths and some other staple goods are at the low est quotations ever known. In such conditions weakness is natural. al- though extreme estimates of yield are not by some entirely credited. The de- mand for goods from the south is lar ger since the removal of embargoes. ana recent reductions in prices have stimulated larger transactions by deal- CTS, but stocks held by the mills are still heavy. With 1,961,O pieces print cloths on hand against 2,212, 900 one year and only 100000 pieces two years ago. the output of 100000 beyond consump ton last year has been a. heavy load ever since. The iron industry shows no decrease in production or consumption of pig, but with much reduced orders for products excess of production is ex- pected, and Bessemer falls a shade to $l0.l5 and grey forge to S9.25 at Pitts- burg, though Chicago and eastern mar kets show no change. A better demand helps to raise the price of anthracite coal here to $415.
 The woolen manufacture Is still con- sumlng heavily in execution of past or ders and many agents are sold so far ahead that they seek no further busi- ness, while, others are beginning to question whether the demand for the next season will suffice if prices are made to correspond with present quo. tations for wool. Some reduction in prices of wool appears, possibly ayerag- ing half cent, with sales of Australian amounting to 2,7000,0OO pounds in a few large block at Boston, but the tone is strong. No change has occurred in the cotton manufacture and the market for It's products is still irregular. The boot and shoe industry continues to surpass all past records in output for the month thus far S4 per cent. larger than in 1899 and for the year 103 per cent. The demand has increased and there ia somewhat more disposition to pay ad- vanced prices.
 Failures for the week have been 236 in the United States against 300 last year and 25 in Canada against 3S last year.
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