The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-09-16
DUN'S WEEKLY
REVIEW OF TRADE
The Months Exports Vastly Ex-
ceedS Country'S imports.
THE IRON MARKET BOOMING
Pittsburg Quotations Wild Because of
the Premiums Paid for Early De-
livery-Output Curtailed on
Account of Hot Weather

New York, September 15.-R. G. Dun &
Co.'S weekly review of trade tomorrow will
say:
Better than all other news is the record
of August commerce, showing the relation
of the United States business to that of
other countries. Exports were S20OS2, $50
larger than ever before in August and ex-
ceeded imports by $S7, 1926, 699 partly because
exports of staples were $9,366,97S larger than
last year. but also because exports of other
products, mainly manufacturing, were S1O,-
Sis'O0O larger tRan last year 2pd larger than
any other month of any year. Fears that
great advance in prices might SMUT off
exports of manufactured products have not
been unnatural, 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 coun-
try during the winter as has ever been
seen.
That manufactured exports don't fall off,
but are larger imam ever. is both surprising
and gratifying. The volume of business
now in progress has never been riValled.
The great movement of grain in wheat and
-four, a little larger imam last year, in All
gust and in two weeks of September, 5920,-
27S bushels, flour included from Atlantic
ports is far more effective in preventing a
decline in prices than any of the official or
unofficial estimates of yield. Government
reports indicate a wheat crop of only 5lG,-
900 bushels, but last year the September
report indicated $50 900 bushels and after
ward the official return made it 675 900, 900
bushels. One would be surprised to see a
like revision this year.
The price of wheat, in spite of good ex-
ports, has faSn Nc, for western receipts
have been 1869 455 bushels in two weeks
against ,S95 bushels last year; and corn
exports, 212 bushels against 4351, 3S1.
The feeling is not unreasonable that for
eign needs are just now we'll felt by the
corn movement.
AT this season cotton shipments are al
ways small and hopes and fears pervade
all, but prices have declined during the
week 1-16, with a little less buying on for
egn account.
Extraordinary efforts to increase the iron
output failed in August partly because the
stoppage of few large furnaces for re-
pairs more than balanced the addition of
thirteen small furnaces to the producing
| force, and partly because hot weather pre-
NNIASh luil plOuuCllpD. 1 ne reported out
| put, 261,3 1886 tons against 267 672, August 81 ,
with a decrease of 22.3i7 tons in unsold
| stocks. indica ties a consumption of 1909 012
| tons during the month. Purchases of G, 600
| tons Bessemer and 10000 tons of other iron
are reported with an advance in Bessemer
to $3.50 at Pittsburg, but quotations are
wild because of premiums paid for early
delivery.
Plates at the east and common bars a
Pittsburg ara 81 per ton higher and wire
nails have again been advanced SO per ton.
Orders for plates include several for eX-
port 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 on
time and some orders of much importance
have been withdrawn at the west on ac-
count of the delay unavoidable and the high
prices charged.
The heavy sales of wool. 12,056,900 pounds
for the week, q $50 100 for two weeks
against 36 500, 400 in 1898, are largely due to
heavy manufacturing purchases in Boston,
but there, as elsewhere, the buying is most
ly based on expectation that London sales,
beginning next Tuesday, will show an i'm
portant advance.
Failures in the United States for the
week have been 149 against ia last year
and 80 in Canada against % last year.