The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-12-04
DUN'S WEEKLY REVIEW.
HEAVY EXPORTS WHEAT WITH RE
NEWED An ACE IN PRICES.
Corn Continue to so Abroad in Quanti'
iies Almost as Large as Last Year.
Cotton Has; declined to the Lowest Poin:
Reached Many Years.

tIaue, Satuiuay, eAys'
Thc heavy exports of wheat, will
rene we'd advance in prices, is the most
interesting and important feature Of
the weeks events. Since August, whe,
the extent of the foreign deficiency
became realized, exports have beer
larger than in corresponding weeks o.
any previous year. Cotton export,
have become very heavy and the outge
of corn falls but little below last year,
record, while in exports of manufac
tured products, especially machinery,
all records for the season have been
surpassed. While the aggregate TO,
November was last year over $l09,
100000, shipments from New Yori
for three weeks have been but slightly
smaller, with fair prospect that tn,
known increase in cotton and othe,
products from other ports may max.
up the deficiency. Meanwhile import,
are running behind last years at New
York, being nearly $2,000,00O thi.
month, so that another excess of ex.
ports over imports, amounting to abou'
$50, 100000 for the month is probable
but this would make an excess of abou
1925, 900, 900 in four months.
After the slight decline last Saturday
wheat rose to $l.00b for November
with No. 2 red and other grades sell
ing many cents higher. Yet West
ern receipts are of enormous mag
nitude, amounting, in four week,
to 27,072,104 bushels, against 9,214,
1913 in the same four weeks last year
while Atlantic exports. flour included
as wheat, were for the week 3,
628. 446 bushels and for four weeks 10,
439, 1886, against 7,737,685 last year
The shipments from other ports hav,
also been heavy and nothing appears t,
change former estimates of European
needs.
Corn also continues to 20 abroad i,
quantities almost as large as last year
when all past records were broken, blu
the price has highly declined. Cotto,
declined to 5.8l, the lowest point il
many years, with scarcely any indica
tons of speculative effort. More ha,
come into sight this month than during
the same time in 1890 for the larges'
crop ever raised, while takings b,
Northern and Southern spinners hav
been smaller and print cloths and som,
other staple goods are at the loves
quotations ever known. In such con
dition, weakness is natural, although
extreme estimates of yield are not b,
some entirely credited.
The demand for goods from tn,
South is larger since the removal O.
embargoes and recent reductions IN
prices have stimulated larger transac.
tons by dealers, but stocks held by tn,
mills are still heavy. With 1861, 0Ol
piecessof print cloths on hand, agains
2,212,000 year ago and only 216,0O(
pieces two years ago, the output O.
100000 beyond consumption las
year has been heavy load ever since
The iron industry shows no decreas,
in production or consumption of pig
but with much reduced orders for pro
ducts excess of production is expected
add Bessemer falls shade to SOL!
and grey forge to 1926 at Pittsburg
though Chicago and Eastern market,
show no change.
Billets are also weaker at Pittsbura
at SIS. Expectation of lower prices
tends to produce them at time wheD
new business is naturally small and thu
mills are working mostly on old order,
with buyers impatient for deliveries
Other large orders are held back il
plates by inability of the works to de
liver in the time desired. In bars, az.
ricultural and railway manufacturing
causes a heavy demand at Chicago, iron
being preferred to steel, and tin sheet,
are al: in better demand, but bars arr
a shade lower at Pittsburg and so are
wire and cut nails.
Some large orders for rails by East
ern railways arc reported /
The wooden manufacture is still con
Stunning heavily in execution of past or
ders and many agents are sold so ia,
ahead that they seek no further bust
ness, while others are beginning tc
question whether the demand for tn,
next year will suffice, if prices are mad.
to correspond with present quotation,
of wool. Some reduction in prices o.
wool appears, possibly averaging }c,
with sales of Australian amounting ia
2,70Q 900 pounds in few large block.
IN Boston, but the tone is still strong.
No change has occurred in cotton
manufactures and the market for its
products is stillirregu'ar.
Failures for the week have been 236
il the United States, against 800 last
year, and 25 in Canada, against SO last