The times. [volume] (Richmond, Va.) 1890-1903, 1897-09-25
EXCESS OF EXPORTS.
WHEAT AND CORN CLOSE FRACTION
HfGHgR AND COTTON DEcLINhs.
Heavy Sales of Modification Mill1 DO Big
Hnpipess- Decrease In failures-Ad'
vnace In Iron and Steel

NEW YORK, Sept. PAR. G. Dun &
| Co.'S weekly review Of trade VIII say IN
| its issue tomorrow:
cold imports have begun direct from
England and from France. BESIDE the
arrival Of "a. O0O,O0O at San Francisco from
Australia. gold received there and started
from Europe amounts 10 S,yJoOOJ IN Two
davs. and the advance OF its rates ~ the
Rank OF England 70 2 IL per cent, seems
little likely TO check the movement ia
view of heavy merchandise balances due
10 this country, and rise In the Ia'e VI
interest here.
rhe August excess Of merchandise and
specie exports over imports was not lal
from so 700. OO0 and the SEPTEMBER excess
will be larger unless cOnsigninehls Oh 80
orc considerable Merchandise exports
from New York in three weeks OF sep
tember have been 1873 per cent. over idst
year and imports 1871 less, ana nhe
changes in the whole trade for the month
would result I'm net exports OF S0''0'''0'0
merchandise. besides SILVER. .,,,,o,.,o,r
Produce markets have been unctl AN.
closing a fraction higher Tor DOM WIZ
and corn. while the decline IN cotton con.
tinues with ii cents paid for spot az
Inc end OF August, cotton has cropped
- cents or is per cent, az
less than four weeks feVer IN III
some southern cities has not u .cn
AATUlNN
has been a general impression Ihat 80
mates are as misleading as they "eIe
when the yield was the largest Oh re-
cord. ..-.,,., -,- --' A.
The corn estimate most credited by the
trade is only 175O.O000 900 bushels, but IS
counted with figures tending 10 snow snow 20 a
surplus from the last crop OF f''g,gJ.uD
bushels over ordinary consumption MtIe
this quite believed, the price woulu ny
Ill rXn0TfC
heavy-in three weeks 9'9ZiH5 DushelS
against 6.i501S7 last year. a..
Wheat has gained a fraction Tor tAe
week. while Atlantic exports nour IN
been 1249s.lS1 bushels against OBS, -"
last wear Western receipts are eNcetu-
ing last years. and estimates make the
probable requirement from this country
ovsr 100000 bushels greater IMAM last
year -,
The official ending Of the western coal
strike adds many thousand men 10 the
working force in the mines ana olneIS
in manufactures using bituminOus coal
The anthracite coal strike Is ended ana no
extensive labor disturbance IS threatened
The output Of coke is now l25oOO tons
IRON MARKET.
Heavy buving has raised Bessemer PIE
at Pittsb grg 10 10 $3.50 and gray forge to
80 50 with actual sales Of 1000 tons
Southern pig I'm the Mahoning Valley for
S675 al Birmingham. Billts are quoted
AZ Sl62 o. and 500 has been refused Tor wire
rods The structural work Is behind or
ders, tin plate mills are hindered by islI-
ure TO get sheet bars delivered last
enough. plate and sheet mills mo heavys
demand EVERYWHERE and bars are In good
demand for cars at the West. The aver
age advance Of iron and steel products
from the lowest point is 50 per cent.
Wool sales at Boston have decreased a
quarter. but manufactures are stin unable
10 find profits I'm goods with wool M pres
ent prices. Reported sales OF Wool are
more than double those OF the most pros
porous years. but the rise IN ptlces rs En-
ders the future more doubtful except TOT
manufactures having heavy supplies lald
in. The cotton mills are doing a large
business. although recent buying or goods
has decreased after tho recent rush.
Failures for the week have been 2s IN
the United States against 30 last year.
and Is in Canada against 80 last year.
Bradstreet's
NEW YORK, Sept. A.-Bradstreets to-
morrow will say:
There is a check TO the onward sW3J}P
of demand in staple lines, noticeaDle
throughout the country Cor the past SIX
weeks. The yellow fever quarantine
which extends from New orleans 70 GeoI-
gia has brought wholesale business 70 d
practical standstill throughout the great
or portion Of the region embraced by the
Gulf States. At centres Of Distribution IN
Eastern, Middle and Central western
hats and hardware had fallen OF, but at
the Northwest and on the Pacinc coast
buying by interior merchants ana the
free distribution OF merchandise continue
Demand for heavy textile fabrics has
been stimulated by colder weather ana
St Louis merchants say the yellow leFer
scare will have no effect upon tra 3 Ell, III
that city, as Southern merchants mad sup
piled themselves there before the quar-
antine was enforced. The outlook for
business in parts OF Texas Arkansas.
Tennessee and Georgia IS Ior ., ilIch uul'-
or season than had been expected.
Favorable features OF the week are
found in sharp advances IN prices LOT
iron and steel. heavy sales OF BesseIner
pig iron, steel billets and rails, ana n
nrogpect that iron and steel prices will
go n her i'm the near future.
Wool is also higher and wOollen goods
for 1898 delivery are up 10 and 10 per cent
with the outlook favoring a further an,
vance. The increased volume Of general
trade Is also stimulated by the continued
heavy movement OF cereals 10 uuc"dtSI,
the almost unprecedented large quan,iess
exported each week and the increased
number Of people finding employment IN
Industrial and commercial lines as COM
pared with a year ago, together win
the tendency of gold to come mere from
'''' '' WHEAT EXPORTS.
Exports OF wheat flour included as
wheaO from both coast OF the United
states ana from Mullitdl tlllo WIN
amount TO 562S.493 bushels. compared
with G2S994S bushels last week 3,950.0o0
bushels in the week year ago, 5I5l 600
bushels two years ago. 2ob2,Op bushels
three years ago. and as compared with
g. 400 600 bushels in the corresponding week
of 1893.
Exports Of Indian corn aggregated A.
O221i2 bushels, compared with 3,9Ol,O
bushels last week. 100000 bushels I'm the
week one year ago, 1000 bushels two
years ago. 10000 bushels three years
ago and rs contrasted with $4,000 BUSH
els in 1898.
There were 237 business failures re-
ported throughout the United states this
week compared with lS6 last week. ri
i'm the third week in September, 1896:
19S In 1895. 24 I'm the like week in 1894 and
as contrasted with 232 in the correspond
ing period I'm 1893.
There were IS business failures report
ed throughout the Canadian Dominion
this week. against Sc last week. "a in the
week a year ago and 80 In the cores
bonding week OF 1885.
GERM4N IN ASHLAND