The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-09-19
DUN &.o,s TazDE REsiEw

Our Foreign Trade smmense-Exports
Larger than Ever Before for August
and Greatly I'm Excess Of Imports.
Iron Trade still Booming
New York, September 15.-R G. Dun
& Co.'S weekly Review OF Trade viii
say tomorrow:
Better than all other news. the record
Of August commerce shows the rea-
ton OF United States business TO that
Of other countries. Exports were $780,
0S2, S75 larger than ever before in Aug
ust, and exceed imports by SIS, 929, 699,
partly because exports OF staples were
$9,366,97 larger than last year, but al
SO because exports OF other products,
mainly foreign, were $40, 349. 000 larger
than last year, and larger than in any
other month Of any year. Fears that q
great advance in prices might shut on
exports Of manufactured products have
not been unnatural and II is most graf
flying TO find that such exports still
ports over imports gives fair promise OF
as large a balance in foreign trade 20
the benefit of this country during the
winter as has ever been seen That
MANUFACTURED exports do not fall off, but
are larger than ever is both surprising
and gratifying. The volume Of bust
ness now in progress has never been
rivaled.
The great movement of grain, in
wheat and flour a LITTLE larger than last
year in August. and in two weeks Of
September, 5~,920,273 bushels, flour in
Guided. from Atlantic ports, against
5,423, 076 last year and from Pacific
ports 1908 bushels, against 364,144
last year, is far more effective in pre-
venting a decline in prices than any
official or unofficial estimate of yield.
Government reports Indicate a wheat
crop Of only SIG, 200, 900 bushels, but
last year the September report fndi-
Gated $50, 600 1000 bushels, and after
ward the official return made it 675,-
900, 900 bushels, and none would be sur
prised 10 see a like revision this year.
The price, in spite Of good exports, has
fallen ! cent, for western receipts have
been 10, 669, 455 bushels in two weeks,
| against IA, 663, 1876 last year, and corn
| exports 6,OS3,212 bushels against
1851, 331.
The feeling is not unreasonable that
foreign needs are just now we'll indicat-
ed by b cOrn movement.
At this season cotton shipments are
always small and hopes or fears rule
the market, but prices have declined
during the week a sixteenth, with a
little less buying on foreign account.
| Extraordinary efforts to increase
iron output failed in August partly be
| cause stOppage Of a large furnace for
| repairs more than balanced the addi-
| ton of thirteen small furnaces to the
producing force, and PARTLY because hot
| weather prevented full production. The
reported output-267.3 1876 tons, against
| 267, 672 August last, with decrease OF
| %, BAT tons in unsold stocks-indicates
a consumption of 1,209, O12 IONS during
| the month. Purchases of $4,000 tons
Bessemer and 10000 tons other iron
are reported with advance of Bessemer
to S23.25 at Pittsuburg, but quotations
are wild because of premiums paid for
early delivery. Plates at the east and
common bars ait Pitsburg are 81 per ton
higher, and wire nails have been adj
vanced So per tom! Orders for plates in
clude several for export and one for a
vessel I'M the Delaware river, with one
for Venezuela at Pittsburg, but many
for all forms are refused because the
works are, unable to fill them on time
and some orders Of much importance
have been withdrawn att the west On
account of the delay unavoidable and
the high prices charged.
The heavy sales of wool-12, 056 900
pounds for THE week and Il, 1882, 100 fOI
two weeks, against 36,629, 400 in 1897
are largely due ito heavy manufacturing
purchases ait Boston, but there, as else
where it is mostly based ON expectation
that London sales beginning next Tues
day will show am important advance
Prices here are stiff and the demand fol-
wOolen goods of all sorts is strong.
Failures for the week hav been IA!
in the United States, against ia las
year. and 80 in Canada against % las
year.