The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-25
IN THE BUSINESS WORLD.
Merchandise Exports Largely 10 Ex-
cess Of One Year Ago.
WHEAT EXPORTS HAVE BEEN DOUBLED
Heavy 1mportations Of Gold-1ron
and Steel Industry Has Many
orders At High Prices.

New York, September 2l.--R. @. Dun
4 Co.'S weekly trade review tomorrow
will say:
Gold imports have begun direct from
England and France besides the arrival
OF s4,006,00o at San Francisco from AUS
tralla for wheat exported. Tho gold re-
ceived there and started from Europe
amounts to s6,500.oc0 ID two days and the
advance OF Its rate by the Bank OF Eng
land to 2h per cent scens little likely TO
check the movement In view Of the heavy
merchandise balances due to this country
and rise in the rate Of interest here.
The August excess Of merchandise and
specie exports over imports was lot far
from $42,O00.0O0. the September excesses
VII! evidently be larger unless shipments
Of gold are considerable. Merchandise ex-
ports from New York in three weeks OF
September have been 1873 per cent over
last years and imports 1871 per cent less
and like changes on the whole trade for
the month would result In net exports OF
}53,o0O,0O0 merchandise besides silver.
Produce markets have been uncertain,
closing fraction higher for both wheat
and corn. while the decline in cotton con-
tinncs With Sc paid for spot cotton at the
end Of August. cotton has dropped Is
points In less than four weeks in spite
of a remarkable revival OF manufacture.
Fever In some Southern cities has been
largely influential and the main factor
has been general impression that esti-
mates are as misleading as they were
when the yield was the greatest on rec
ord. The corn estimate most credited by
the trade is only 1850, 900. 900 bushels, hut
Is coupled with figures tending to show
q surplus from the last crop Of 100000
900 bushels over ordinary consumption.
The exports continue heavy. in three weeks
9.92Isi9 bushels. against 6,150,1S7 last
year.
Wheat has gained fraction for the
week, while Atlantic exports. -four includ-
ed. for the week have been IL, 49S, 181 bush
els. against 6,lS3,743 last year Western
receipts exceed last years and foreign es-
Inmates now agree in making the prob
able requirement from this country ever
loo, o0oO 900 bushels greater than last year.
The official ending of the Western coal
strike adds many thousand men to the
working force in the mines and others in
manufactures using bituminous coal The
anthracite coal strike has substantially
ended and no extensive labor disturb
ance is threatened. The output of coke
is now $4,000 tons and the price is also
advanced
Some branches of the iron end steel
industry are clearly no longer able to keep
up with their new orders. Orders are very
fully employed for some months ahead and
withal the demand Is increasing. Heavy
buying has raised Bessemer pig at Pitts.
burg to 5000 and Greg Forge to SO. so
with actual sales OF 1000 tons Southern
DIE In the Mahoning valley 'or s675 at
Birmingham. Billets are quoted at Sl6...5
and S2S has been refused for wire rods,
The structural work Is behind orders. tin
plate mills are hlndered by failure to get
sheet bars delivered fast enough, plate
and sheet mills find heavy demand every-
Where and bars are in great demand at
the West. with the vastly improved demand
ana shade better prices at least The
average advance OF iron and steel products
IRON the lowest point Is SO per cent.
wool sales at Boston have decreased A
&c. but manufacturers are still unable
to md profits in goods with wool at pres
emit prices. Reported sales of wool are
more than double those OF the most pros
porous years, but tho rise In prices render,
the future more doubtful excent for man
ufacturers having heavy supplies laid in.
me cotton mills are doing large bust |
ness. although recent buying OF goods has
naturally decreaued after the recent rush. |
Failures for the week have been 200
IN the United States, against 3l5 last year. |
ana IN in Canada. against 80 last year.