The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1897-12-22
MONEY AND BUSINESS.

MONEY AND BUSINESS.
n. Y. Tribune
The fact that domestic exports OF the
principal products In November were in
value $S2,Se3699. against Ss,9e,olo last
year, discloses something Of the future.
Talk or finan1ia troubles is not impress
sive when sTey month Is pilng up debts
Of other nations to this. Chatter about
war is absurd what Power wants TO fight
country which has a mortgage of sixty
millions month on the resources Of the
world2 The main change, OF course, IS
in breadstuffs. though exports OF cotton
also exceed by about 81. 10000 the remark
able amount last year. and there is a
steady excess over previous years IN the
exports Of minor products including the
manufactures. for in October total ex-
ports were larger by SS4S7oOoO than those
of the principal proiucts. and in Septem-
Der by SSL4SlO0o. Recen; heavy ship
ments Of machinery iron and other prod
ucts by no means indicate a shr1nkage in
November but II about the same amount
is TO be added FOR such osher exports the
aggregate for November viii exceed Sis.
100000. and viii run close 20 the greatest
amount ever sent from the United States
in any one moan. Sl1s.sS5.ssS in December,
1891. The record Of all past years. fiscal
or calendar. is likely 10 be broken when
this month ends. since the weeks exports
from this city were 20 per cent larger than
a year ago. and in the eleven months end
ing with November the aggregate of ex.
por.s has p-Obsl,'y exceeded S7O.gOcoO.
whereas the 'arges. aggregate of exports
ever known was a.O5l Opa.eO. in the last
fiscal year.
There is much in the figures beyond the
mere satisfaction of the passion for big
ness. Imports in November were in value
about $4,000. %, and for the last two
weeks at New York have been is per cent
smaller man las; year. An excess Of mer-
chaadise exports amounting to s55. OOecOo =
or more in November is Indicated. which
W.. ID make sesl OoOjc0 for four months
under the neS tariff, while the movement
in December foresl ldows another se0.- p
10000 excess. Payment IS not now com 5
ing in sold because money is so aburd-
ant here that the banks would rather 4
keep ali they can abroad, though foreign =.
exchange has broken so sharply as TO p
show that large movement would begin "
If there were any demand In the four II
months net Imports Of gold have been only =,
about Sl9.OOOSO. besides the amount last +.
month at San Francisco. while net ex- pt
ports OF silver balanced over 100000 Of
this. In some shape there will be settle -
ment, and those who fancy that it is -,
coming in great excess of imports under D
the new tariff are really expecting that "
measure TO yiell more revenue than any
of it's trainers anticipate.
The outgo of wheat again exceeded g. -,
1000 bushels last week, and exports from
his crop since July l have been about
100000 bushels, flour included. In 1927, m
starting with 100000 more in July than be
vent out this year. exports by December III
were 1O6 lS6,126 bushels, but were not as ,n
arge in December by about 10000 bushels ar
/ week as they have averaged thus far re
his year. Western receipts, II not as Ct
arge as they have been, continue big -
nough to ind!caJe that the long-pred.cted Ia,
exhaustion Of farmers supplies has no, sa
uite come yer. he December corner at
;hicago has left an advance for the week
( only ~ cents here, and is likely to -
ttract to thar point large receipts for n
ONE time, and meanwhile 10 deter for mc
ign buyers through the hope Of lower coo
rices. The demand for corn still con- -
Inues heavy even last years unprece.
spted movement having been surpassed
Ipce September 1, but the price rose only
ali a cent last week.
Theo publication Of higher estimates Of
he cotton crop has not affected the price
ut 5.7 cents is so low that there is no
reat encouragement to seek profit ty
slling, ana the abandonment Of the effort
n lower wages in England somewhat in
eases the probable consumption abroad,
lille foreign hpnl stocks December
ere 1900 balesssmaller than year ago. A
n the Othr hsed, the Fail River mills v
i've prObaEse takea short road to o
oppage, wh3cH may relieve an overload a
market. ia thsiEs REDUCTION Of IL Per il
mt in waa saaa4 nkely to be resisted. "
ith priur aytas al afilAs1owest point ever C
town. and the average for all cotton