The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-11-04
RECENT GRAIN EXPORTS
WHEAT BEHIND AND CORN
AHEAD OF LAST YEAR.
ENORMOUS SALES OF WOOL AT BOSTON
Have Caused Sharp Advance in Prices Cotton
Manufactures Are Enc uraging and the
Staple is Rising in Price-,Pig Iron
Increasing Its Advance.

New York, Nov 3.-R. G. Dun & Co.'s
weekly review of trade will say to-
morrow:
British disasters in South Africa
have brought to view something be-
sides the steady self-reliance of the
British people, that they hold not many
American securities to be dislodged in
any time of alarm. but are inclined to
take more when money looks for safe
investment.
~ decline of &c. and 11ac in corn
does not hinder exports, though it is
some evidence that growers think they
have ample supplies. Atlantic exports
of wheat for five weeks have been, flour
included, 1866, 59S bushels, against
Is. 1872 631 bushels last year, and Pa
cific exports 2,713,551 bushels, against
3,917,43 bushels last year. Western
receipts of wheat have continued heavy,
but have not riyalled last years extra
ordinary outpouring, amounting to only
81, $685. S7 bushels in five weeks, against
1860, 791 bushels last year, but West
ern corn receipts run ahead of last years
in the same weeks and the exports have
been 1S.6S4044 bushels, against 11,55S,-
1913 bushels last year.
The enormous sales of wool at Bos-
ton. u J31 800 pounds reported. making
-, 3GS, 200 ut the three chief markets
this week. are extremely important.
That not all are for consumption, as the
trade is naturally tempted to believe,
may be true, and yet actual purchases
by the mills of half that quantity would
imply extraordinary encouragement re-
speeding the demand for wooden goods.
The prices have been generally advanced
to an averse scarcely below that of
May, 1892, and for Ohio was light, and
dark unwashed, and pulled wool, slight
" higher. Expectation of higher prices
at London prompts much speculative
buying.
The cotton manufactures are also en-
couraging with prices rising, So that
middling uplands at 7.56, goods aTe
relatively higher in price than they Rave
been since October list, but whether
both will advance much further depends
upon the correction and sufficient estl-
mates of the forthing crop
"Prices of pig iron for early deliveries
are still advancing, but as a great part
of the demand has protected itself, con-
tracts running far into the next year, IN
Guiding purchases Of $4,000 tons Besse-
mer this week at $3.50, and as billets
are quoted ait $3.50 for spot, but 500
for next year, the market can be inter-
preted several ways. Anthracite pig IS
also quoted at $3.50 for early delivery
and local coke at Chicago But no finish
ed products have advanced during the
past week. exceptin9VFefined bars which
the Eastern Association has put up
81 per ton More weakness appears in
some lines of which the works have not
orders running far ahead. But it is
claimed that 100000 tons of rails,
eighty per cent. of the entire capacity
has been sold for next year. Tin is
weaker at 1850 cents and lake copper
at II cents, while spelter is offered at
$4S5.
Dealers are refusing to pay the high
err prices asked by manufacturers of
boots and shoes to such an extent that
future orders are somewhat restricted.
yet the October shipments were
473, 722 cases, against 415,259 last year.
an increase of u per cent, and 367,-
$50 in the same week of 1892, an in
crease of nearly 30 per cent. Considera-
BILE irregularity appears in the relation
between demand and supply, with
rather more general heSltancy IN DuylnS
on the part of dealers in womens goods
Hides and leather remain strong, pack
ers having somewhat advanced prices at
Chicago, their supplies being sold from
1 to 6 weeks ahead.
Failures for the week have been
1873 in the United States, against 194
last year and p in Canada, against y
last year.