Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1897-11-27

NEW YORK, Nov. 27.--R G.. Dun &
Co.'S Weekly Review Of Trade issued
today says The heavy exports of
price is the most interesting and inn
portant feature of the week. Since
Aug /, when the extent of foreign de-
ficiency became realized, exports have
been larger than in corresponding
weeks of any previous year. The cot
ton exports also have become very heavy,
and the outgo of corn falls but little
below last years unprecedented record,
while in exports of manufacturing
products. especially machinery, all rec
ords for the season have been surpassed.
While the aggregate for November last
year was over 500, 100000, shipments
from New York for three weeks have
been but slightly smaller, with 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
81 ,0G0,000 this month, SO that another
excess of . ports over imports amoant-
ing 70 about 100000. coo for the month
is probable But this would make an
excess of about 1926, 900, 900 in four
months.
After the slight decline last Saturday
wheat rose to $l.0018 for November,
with No 2 red and other grades selling
many cents higher. Yet western re-
ceipts are OF enormous magnitude. In
four weeks 27,012, 104 bushels, against
2,9l4,83S bushels in the same four
oty1 To- II -.
ports, I our included, were for the
week 3,6Ss.-lI5 bushels, and for four
weeks, ID, IA. S39 bushels, against -
73i $3.50 bushels last year. The ship
ments from other ports have also been
heavy, and neither appears to change
former estimates of European needs.
Corn also continues to go abroad in
quantities almost as large as last year.
when all past records were broken, but
the price has slightly declined.
The iron industry shows no decrease
in production or consumption of pig,
but with much reduced orders for prod
ucts excess of production is expected,
and Bessemer falls shade to Sl0.15
and Grey forge to 1920 at P1ttsbarg,
though Chicago and eastern markets
show no change. Billets are also
weaker at Pittsburg. SIS. Expectation
of lower prices tends to produce them
at time when new business is natur-
ally small and the mills are working
mostly on old orders, with buyers i'm
patient for deliveries. Other large or
ders are held back in plates by inability
of the works to deliver in the time de-
sired. In bars. agricultural and rail
way manufacture cause some heavy de-
mand at Chicago, iron being preferred
to steel, and thin sheets are also in bet
ter demand, but bars are shade lower
at Pittsburg and both wire and steel
nails. Some large orders for rails by
eastern railways are reported.
The wooden manufacture is still con-
Stunning heavily in execution of past
orders, and many agents are sold SO far
ahead that they seek no further bust
ness, while others are beginning to
question whether the demand for the
next season will suffice if prices are
made to correspond with present quota
lions of wool. Some reductions in
prices of wool appears. possibly averag-
ing half a cent, with sales of Austral-
ian amounting to 100000 pounds, in a
few large blocks at Boston, but the tone
is still strong.
No change has occurred in the cotton
manufacture and the market for its
products is still irregular.
Failures for the week have been 236
in the United States against 800 last
year, and % in Canada, against 80 last
year.