The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-16
RECORD Of EXPORTS
August Makes a Better Showing
Than Ever Before.
EXCESS OVER IMPORTS.
UNITED STATES TRADE RELA-
TIoNs WITH THE WORLD.
XCEss OVER IMPORTS
Movement of Grain and Flour In
creasing-Heavy Sales of Wool
Owing to Manufacturing Pur-
chases at Boston-Prices Are Stiff
Falling OF In Business Failures

New York, Sept. 15.--R. G.. Dun 6,
tomorrow: Better than all other news,
the record of August commerce, shows
the relation of United States business
TO that of other countries. Exports
were $40, 2eS.S15 larger than ever before
in August, and exceeded the imports by
$37, 929, 699, partly because exports OF
staples were IS, 5G6,37S larger than last
year, but also because exports of other
products, mainly manufacturing, were
$10,349,000 larger than last year, and
larger than any other month OF any
year. Fears that great advance in
prices might shut off exports OF man.
ufactured products have not been I'M
natural, and it is most gratifying to
find that such exports continue and ex-
pand.
The excess of exports over imports
gives fair promise of as large a balance
in foreign trade to 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 business now in progress
has never been rivaled
The great movement in grain in
wheat and -four is little larger than
last year in August, and in two weeks
of September 5,920,27S bushels, flour in
cluded, from Atlantic ports, against
5,423,076 bushels last year, and from
Pacific ports, 755, $50 bushels against
1854, IA bushels last year, is far more
effective in preventing decline in
prices than any official or unofficial es-
innate of yield. Government reports
indicate a wheat crop of only 516,000,000
l011c h11t 10 CT lrD1l oor
report indicated 5S5, 900, 900 bushels. and
afterward the official return made it
SIS, 000, 600 bushels. One would be sur
prised to see a like revision this year.
The price, in spite of good exports, has
fallen u of a cent, for western receipts
have been 1868, 455 bushels in two
weeks, against 14,663,S95 bushels last
year. and corn exports 6,0S3, 212 bushels,
against 1851, 1881 bushels.
The feeling is not unreasonable that
foreign needs are just now well indicat-
ed by the corn movement. At this sea-
son 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 buy
ing on foreign account.
Extraordinary efforts to increase the
iron output failed in August, partly be-
cause the stoppage of a few large fur
naces for repairs, more than balanced
the addition of thirteen small furnaces
to the producing force, and partly be-
cause hot weather prevented full pro-
duction. The reported output, $751;
1886 tons, against 267,672 tons Aug 1,
with a decrease of 22,347 tons in unsold
stocks, indicates a consumption of
1,290,012 tons during the month. Pur
chases of $4,000 tons Bessemer and TO-
900 tons of other iron are reported, with
an advance in Bessemer to $3.50 at
Pittsburg, but quotations are wild be
cause of premiums paid for early de-
livery. Plates at the east and common
bars at Pittsburg are 81 per ton higher
and wire nails have again been adj
vanced So per ton. Orders for plates
include several for export and one for
a vessel in the Delaware river, with
one for Venezuela at Pittsburg, but
many for all forms are refused be-
cause the works are unable to fill them
in time, and some orders of much i'm
portance have been withdrawn at the
west on account of the delay unavoid-
able and the high prices charged. ent
The heavy sales of wool, 1205S,90e
pounds for the week, and 21,2S2,100
pounds for two weeks, against 81, CPS, 400
pounds in 1898, are largely due to heavy
manufacturing purchases at Boston,
but there, as elsewhere, the buying is
mostly based on expectation that Lon
don sales, beginning next Tuesday, will
show an important advance. Prices
here are stiff, and the demand for
wooden goods of all sorts is strong
Failures for the week have been 149
in the United States. against TIA last
year, and 80 in Canada, against % last
year.