The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-12-02
AND DUN & CO.'S
WEEKLY REVIEWS OF COM
MERGE AND FINANCE.
THE HEAVY EXPORTS OF PRODUCTS
Wheat, Corn, Cotton and Manufac-
tured Goods-A Better Southern
Demand Since the Removal
OF the Quarantine.

New York, Nov. 26.-R. Il. Dun " 20.
weekly review of trade says:
The heavy exports of wheat, with me
renewed advance in price, is the most
interesting and important feature OF the
weeks events. Since August. when the
extent of the foreign deficiency became
realized, exports have been larger ihan
in corresponding weeks of any year. The
cotton exports also have become very
heavy and the outgo of corn falls Dut
little below last years unprecedented
record, while in exports of manufactured
products, especially machinery, all rec
ords for the season have been surpassed.
While the aggregate for November was
last year over $1O9,OOG.00O. shipments
from New York for three weeks have
been but slightly smaller. with fair
prospect that the increase in cotton and
other products from other ports may
make up the deficiency.
Meanwhile imports are running behind
last years at New York. being nearly
100000 this month. so that an excess
of exports over imports amounting to
about $60,O00,00O for the month is prob
able. But this would make an excess Of
about $225, 100000 in favor of the United
States.
After the slight decline last Saturday,
wheat rose to $1.00 Is for November,
with No. 2 red and other grades selling
many cents lower. Yet western receipts
are of enormous magnitude, amounting
in four weeks to 27,072, 104 bushels
against 9,214,S3S bushels in the same
four weeks last year. while Atlantic OK
ports, -four included as wheat, were fer
the week 3,67S.446 bushels and for four
weeks 13,439,S39 bushels against 7,137,-
6S5 bushels last year. The shipments
from other ports have also been heavy
and nothing appears to change former
estimates of European needs. Corn also
continues to go abroad in quantities al
most as large as last year, when all past
records were broken. but the price has
slightly declined.
Cotton declined to isle, the lowest
point for many years. with scarcely any
indications of speculative effort. M0re
has come into sight this month than dur
ing the same time in 1894. the year cf
the largest crop ever raised, while the
takings by northern and southern spin
ners have been smaller and print CLOTHS
are at the lowest quotations ever known.
In such conditions. weakness is not TN
expected.
The demand for goods from the south
is larger since the removal of embargo
and recent reductions in prices nave
stimulated larger transactions by deal
ers, but stocks held by the mills are still
heavy, with 100000 pieces of print
q year ago and only 216,000 pieces two
years ago. The output of 100000 pieces
beyond consumption last year has been
a heavy load ever since The iron in
dustry shows no decrease in production
or consumption of pig, but with much
reduced orders for products excess of pro-
duction is expected and bessemer falls
a shade to $1015 and grey forge to $925
at Pittsburg, though Chicago and east
also weaker at Pittsburg at So. Ex- !
pectation of lower prices tends to pro-
duce them at a time when new business
is small and the mills are working most !
ly on old orders with buyers for imme-
date deals. Other large orders are held |
back in plates by inability of the works |
to deliver in the time desired In bars,
agricultural and railway manufactures
cause a heavy demand at Chicago, iron |
being preferred to steel and thin sheets |
are also in better demand, but bars are
a shade lower at Pittsburg and so are |
both wire and cut nails.
Some large orders for rails by eastern |
are reported.
The wooden manufacture is still con-
Stunning heavily in execution of past or
ders and many agents are sold so far
ahead that they seek no further business. |
while Others are beginning to question !
the demand for the next year |
will suffice if prices are made to cores
pond with present quotations of wool. |
Some reduction in prices of wool appears, |
possibly averaging half cent, with sales
Of Australian amounting to 100000 |
pounds in few large blocks in Boston,
but the tone is still strong.
No change has occurred in the cotton
and the market for its
products is still irregular.
Failures for the week have been E36
in the United States against 300 last
year, and 25 in Canada against 80 last
year.
Rrn ~ oot,s rruAo povinxv