The Portland daily press., 1899-11-04
DECLINE IN WHEAT.
But Has Not con Sufficient TO Hinder
Exports. -

New York. November 3.-R. g. Dun &
Co. IS weekly review OF trade tomori ow
will say:
A little decline Of $40 In wheat and
I-2c In corn, does not hinder exports
though IL is some evidsnce that growers
think they have ample supplies. At
laptic exports Of wheat for tive weeks
have been. -four included, Is. CSC, 800
bushels, against 1879 6sl last year, and
Pacific exports 2.7i9,651, against 8. 9i7,-
434 last year. Western receipts of wheat
have continued heavy. but have not riv-
allied last years extraordinary outpour-
ing, amounting TO only So, eos, 037 bushels
in five weeks. against 81. Gao, 791 last year,
tut western corn receipts run ahead of
last year in tho same weeks and the ex-
ports have been IS 64s, 044 bushels. against
II, 5ts. 1853 last Jear. The enormous sales
Of wool ut Boston, 81, 5s7. co pounds. re-
ported making 2',3Js 27t0 at the three
chief markets for the week, are extreme
ly Important That not all are for con-
sumption, as the trade 10 naturally Tempt
ed to believe. may he tree. and yet actual
purchases by the mills Of half that guam
tity would imply extraordinary en-.
oouragement respecting the demand for
wooden goods. The prices have been gen.
orally diva 1oed to an average scat c,.y be-
low that Of May. IS 2. aud for Ohio
washed, light ana dark uuwnshed and
pulled wool. slightly higher. Expeota-
ton of higher prices ut London prompt
oh hui no do
mand for wooden goods is also undeni-
ably encouraging. The cotton man ufact
ure has also great demand. with prices
constantly rising, SO that with middling
uplands at 1860, goods are relatively
nearer In Price than they have been since
October /, but whether both will advance
much further depends upon the correct
nets of current estimates of the forthoom-
ing crop. Prices of pig iron for early de-
liveries are still advancing. but as great
part OF the demand has protected itself
by contracts running far into next year,
including purchases of t0.CC0 tons bssse-
mer this week ut S23 so, and rs billets are
quoted at $50. 80 for spot. but s85 for next
year, the market can be interpreted sew
efai ways. anu lFdcito pig 10 aiso quubcu
at S54 90 for early delivery, and local coke
at Chicago. But no finished products
have advanced during the past week ex-
cepting refined bars which the eastern
association has put up 81 per ton. More
weakness appears in some lines. Of which
the works have now orders running far
ahead. But 1t Is claimed thet !, 800 0t0
tons Of rails, SO Ter cent of the eutire
capacity, has been sold for next year.
Dealers are refusing to pay the higher
prices asked by manufacturers of boots
and shoes to such an extsnt that future
orders are somewhat restricted Yet the
October shipments were 1922 cases
against 4l5. 25s last year, an increase of
I2 per cent, and 1867. 939 in the same week
of 1872, M increase Of nearly 70 per cent.
Considerable irregularity appears in the
relation between demand and supply,
with rather more general hesitanoy In
buying on the part OF the dealers In wom-
ems goods. Hides aud leather remain
strong, packers having some what ad-
vauced prices at Chicago, their supplies
icing sold 4 to D weeks ahsad,
Failures for the week have been 1873 In
tho United States against l49 last year,
and % In Canada. against rs iasi year.