The star. (Reynoldsville, Pa.) 1892-1946, 1897-12-01
THE EXPORT TRADE.
An Excess Over Imports Of About eco, ,000,-
600 for the Month.

r. @. Dun G. Co.'S Weekly Review Of
Trade reports as follows for last week:
The heavy exports of wheat, with
the renewed advance In price, is the
most interesting and important feature
of the week. Since August I. when the
extent of foreign deficiency became
realized, exports have been larger than
in corresponding weeks of any prev
ious year. The cotton exports alss
have become very heavy, and the out
go of corn falls but little below last
years unprecedented record, while In
exports of manufacturing products. es-
pecially machinery, all records for the
season have been surpassed. While
the aggregate for November last year
was over sl09, 900 900, shipments from
New York for three weeks have been
but slightly smaller. with a fair pros
pect that the known increase In cotton
and other products from other ports
may make up the deficiency. Mean
while, imports are running behind last
years. at New York. nearly s2000.000
this month, so that another excess of
exports over imports amounting to
amounting to about sGO000,000 for the
month is probable. But this would
make an excess of about s225, ,0O0, 900 In
four months.
After the slight decline last Saturday
wheat rose to 1.00h for November. with
No. red and other grades selling
many cents higher. Yet western re-
ceipts are of enormous magnitude. In
four weeks, 27,072,101 bushels, against
2,914,s3S bushels in the same four weeks
last year, while Atlantic exports. flour
included, were for the week 3,G2S,445
bushels. and for four weeks, 13,429. .S39
bushels. against 7,737,6S5 bushels last
year.
Cotton declined to 5.St cents. the low
est point for many years. with scarcely
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 TAX
fngs by northern and southern spin
iers have been smaller, and print
cloths and some other staple goods are
at the lowest quotations ever known.
The iron industry shows no decrease
In production or consumption of pig,
but with much reducted orders for pro-
ducts excess Of production is expected.
and bessemer falls a shade to $40 15,
and gray forge to 80 25 at Pittsburg,
though Chicago and eastern markets
show no change. Billets are also weak
er, at Pittsburg. SIS. Expectation Of
lower prices tends to produce
them at a time when new business is
naturally small and the mills are work.
ng mostly on old orders, with buyers
impatient for deliveries. Other large
orders are held back in plates by in
ability of the works to deliver in the
time desired. In bars. agricultural and
railway manufacturing cause some
heavy demand at Chicago, iron being
preferred to steel, and thin sheets are
also In better demand, but bars a shade
lower at Pittsburg and both wire and
steel nails,
The wooden manufacturer is still con-
suming heavily in execution of past
orders. and many agents are sold so
far ahead that they seek no further
business, while others are beginning to
question whether the demand for the
next season will suffice IL prices are
made to correspond with present quo
lotions of wool.
Failures for the week have been 23S
I'm the United States, against 800 last
year. and 25 in Canada, against 3s last
year.