Rensselaer Semi-Weekly Republican, Volume 19, Number 26, Rensselaer, Jasper County, 3 December 1897 — EXCESS OF IMPORTS. [ARTICLE]

EXCESS OF IMPORTS.

DUN’S REVIEW OF TRADE GIVES BIG FIGURES. Wheat Exports Larger than in Any Previous Year—Heavy Cotton Shipments—The Iron Industry—Famous Kentuckian Is Angry. Dnn on Business. R. G. Dun & Co.’s Weekly Review ot Trade says: “The heavy exports of wher«t, with the renewed advance in price, is the most interesting and important feature of the week’s events. Since August, When the extent of the foreign deficiency became realized, exports have been larger than in corresponding weeks of any previous year. The cotton exports also have become very heavy, and the outgo of corn falls but little below last year’s unprecedented record, whi’e in exports of manufacturing products, especially machinery, all records for the season have been surpassed. Meanwhile imports are running behind last year’s at New York nearly $2,000,000 this month, so that another excess ot exports over imports amounting to about $60,000,000 for the month is probable. But this would make an excess of about $225,000,000 in four months. Western receipts of wheat are of enormous magnitude, in four weeks being 27,072,104 bushels, against 9,214,838 bushels jn the same four weeks last year. Cotton declined to 5.81 cents, the lowest point for many years. The iron industry shows no decrease in production or consumption of pig, but with much l-edueed orders for products excess of production is expected. Jn bars, agricultural and railway manufacturing causes a heavy demand at Chicago, iron being preferred to steel. The woolen manufacture is still consuming heavily in execution of past orders and many agents are sold so far ahead that they seek no further business. Some reduction in prices of wool appears. Failures for the week have been 236 in the United States, against 300 last year, and 25 in Canada, against 38 last year.” Gen. Clay Threatens Murder. .¶ At Valley View, Ky., the separation of Dora Richardson Clay from her aged husband, Gen. Cassius M. Clay, has taken a sensational turn, the general sending William Richardson, his wife’s brother, word that he would give him $500 to leave the country, and if he would not accept the offer he would kill him. He believes Richardson is trying to prevent Dora from returning to Whitehall, and he insinuates that Richardson has assisted in robbing him of his wife. He is furiously mad at his neighbor, Charles Haden, for building Richardson a cottage on his place. Gen. Clay says Richardson has been installed in his house so that he can keep watch over the movements of Dora and if possible prevent her from returning home. Typhoon In the Philippines. The typhoon which swept over the Philippine Islands was the cause of one of the worst disasters that have been reported from the southern ocean in many years. Thousands of lives were lost, injcluding many Europeans, and the damage to property was something appalling. Several towns were swept and blown away. Fully 400 Europeans were drowned, and it is estimated that 6,000 natives perished. The hurricane struck the island at the bay of Santa Paula in the province of Samar. It devastated the entire southern portion of the island and cut off communication with the rest of the world for two days. On the 12th the hurricane reached Leyte, and struck the capital of Tacloban with great fury. In less than one-half hour the town was a mass of ruins.