The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-27
IN THE BUSINESS WORLD.
HEAyY EXPORTS or WHEAT AND
ADvAYCE IN PRICES
The Most Notable Feature of the wcek-
Cotton and Corn Exports Also heaNy-
Decline in Imports.

interesting and important feature OF the
weeks event. Since August when the
extent of foreign deficiency became re-
| allied. exports have been larger thah
in corresponding weeks OF any previous
wear The cotton exports also have be-
come verv heavy. and the outgo Of corn
fails hut little below last years unpre-
| cedented record, while in exports of man.
ufaetiiring products especially machinery,
AN records for the season have been sur
passed.
while the aggregate for November last
vear was over slO9. 900 900. shipments from
New York for three weeks have been put
slightly smaller, with fair prospect that
the continued increase in cotton and other
products from other ports may make mp
the deficiency.
IMPORTS DECLINE.
Meanwhile imports are running behind
last years: at New York nearly 5000, 600
this month. so that another excess Of eN-
ports over imports amounting to about
$50 900 900 for the month. Is probable. But
this would make an excess of about S22o,-
600 go in four months.
After the slight decline last Saturday.
wheat rose TO 100 Is for November, with
No. red. and other grades selling many
cents higher Yet Western receipts are or
enormous magnitude: in four weeks r.
72l04 bushels. against 92li,SS In the
same four weeks last year. while Atlantic
exports (four included were for the week
.4i6 bushels, and for four weeks. b.
4S9 $50 bushels. against 7.7T $50 last year.
The shipments from other ports have also
been heavy. and nothing appears to
change former estimates Of European
needs.
Corn also continues 10 go abroad In
I ~ f.a al Ia
when all past records were broken, pu,
the price has slightly declined.
Cotton declined to 5S cents, the lowest
point for many years. with scarcely any
indications of speculative effort. More
has come In sight this month than during
the same time in 1894, from the ltrgesv
crop ever raised. while takngs by North
ern and Southern spnners have been
smaller and print cloths and some other
staple goods are at the lowest quotations
ever known. In such conditions weak
ness Is natural. although extreme esti-
mates Of yield are not by some entirely
credited
The demand for goods from the South
| Is larger since the removal Of embargoes,
| and recent reductions i'm prices have In
| dicated large transactions by dealers. but
| stocks held by the mills are still large,
with 96l .Oo0 pieces print cloths on hand.
| against 22l2Oo one year ago and 2Soo
! pieces two years ago. The output OF
| 100000 pieces beyond consumption last
| year has been n heavy load ever since.
IRON MARKET.
The iron industry shows no decline IN
| production or consumption OF pig. but
with much reduced orders for products
excess Of production Is expected, and Bes-
semer fell a shade at Pittsburg. though
| Chicago and eastern markets show no
| change. Billets are also weaker-at
Pittsburg. Sl5. Expectation OF lower
| prices tends TO produce them at time
when now business is naturally small and
| the mills are working mostly on old or
ders. with buyers impatient for deliveries.
Other large orders i'm plates are held back
| by inability Of the works 10 deliver In tho
| time desired. In bars agricultural and
railway manufacturing causes heavy
demand az Chicago. iron being preferred
10 steel and thin sheets are also in bet
ter demand. but bars are a shade lower
| at Pittsburg. also both wire and cut nails.
| Some large orders for rails by eastern
railways are reported.
The woollon manufacturers are still
consuming 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 next season VIII
suffice IL prices are made 10 correspond
with present quotations Of wool Some
reduction in price Of wool appears. pos
siblv averaging half n cent. with sales OF
Australian 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 pro-
ducts Is still irregular.
Failures for the week have been 256 In
the United States. against 200 last year
| and Is In Canada. against - last year.
BRADSTREETS
NEW YORK. Nov 26.-Bradstreet's to-
| morrow will say:
Notwithstanding the appearance OF n
, demand FOR holiday speciaties at some
points IN the South. NJ Chicago. 81. LOUIS
and I'm the region tributary thereto, gen
eral trade throughout the country mas
| shown no general Improvement this week.
| Most favorable reports are from the terri
| tory west Of the Mississippi river ana
notrh OF Missouri and Kansas where
colder weather has stimulated demand
| M the Interior and country merchants
have been buying with comparative iree'
| dom.
The Eastern cotton goods Industry con-
,inues depressed. Consumers evidently
| do not intend 10 bu y extensively until
| they believe the price OF raw cotton -
| ready TO advance. Competition from
| Southern mills-more particularly over
| uroduction by manufacturers who pro-
| duce but a single staple-underlies exist
ing large stocks and the heaviness o.,
prices. Converters and manufacturers OF
| cotton warns are situated relatively more
| fayorably. Other lines are expected
| more seasonablc distribution.
At Philadelphia there is check IN de-
mand for products in leading textile lines
and arrangements are making TO run on
| shorter time.
Iron and steel have not been in as ac-
| tive demand as expected and are lower,
Notwithstanding furnaces and mills are
| supplied with orders enough to carry
| them well into next year.
| ADVANCING WAGES
! a favorable feature is found In adj
vances In wages OF operatives In various
| Industrial lines.
Wheat exports affected almost entirely
| by the holiday, show a considerable de-
! crease from last weeks total. The aggre-
gate exports Of wheat flour included as
| wheat from both coasts of the United
| states and from Canada are 5,465 .l59
bushels against 665s.O00 bushels last week.
| 1858 600 bushels last year 2.f600 900 bushels
| I'm 1895. 266s Oo0 bushels in 1894 and 2.iiO O10
| bushels IN 1893. Corn exports also would
| have been larger but for this reason.
! amounting to 100000 bushels against
| : 800 900 bushels last week. 300 o00 bushels
! last year / $50 900 bushels in 1895 and &c.,
900 IN 1894
There are 2s5 business failures reported
| throughout the United States this week