The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-16
EXPORTS SHOW BIG BUSINESS.
MONTH OF AUGUST HAS PROVED A
RECORD BREAKER.

Largest by s2O,OOO,OOO Ever known
for August, and s3s 100000 Great
or Than the ImpOrts-There Has
Heen No Falling on -VOIume OF
business Now i'm Progress Has
Never Been RivaIIed-Heavy Ship
ments of Wheat and Corn.
New York, Sept. 15.-R. C. Dun & Co. s
Weekly Review of Trade will say to-mor-
row:
Better than all other news, the record
Of August commerce shows The relation OF
the United States business to that Of other
countries. Exports were $2O,Os2, SIS larger
than ever before in August and exceeded
imports by $3s, 1926, $50, partly because ex-
norts of staples were 50, 366,97S larger than
last year, but also because exports of other
products, mainly manufacturing, were So
$4,000 larger than last year and larger
than in any other month of any year.
Fears that great advance in prices might
shut off exports of manufactured products
have not been unnatural, and ii is most
gratifying to find that such exports suu
continue and expand. The excess of ex>
ports over imports gives fair promise n
as large balance in foreign trade to the
benefit of this country during the winter
as has ever been seen. That manufac-
tured exports do not fall off, but are
larger than ever. is both surprising and
gratifying.
The vo.ume of business now in progress
has never been rivaled.
Great Grain Movement.
The great movement of grain. in wheat
end flour little larger than last year in
August. and in two weeks of September
$3.50 273 bushels. -four included. from At
lantic ports, against 5423,076 last year, and
from Pacific ports 755, $50 bushels, against
G64l44 last year, is far more effective in
preventing a decline in prices than any Of
fetal or unofficial estimate of yield.
Government reports indicate a wheat
crop of only $4,000 coo bushels but LAST
year the September report indicated 50S-
10000 bushels and afterward the official
returns made it 675 100000 bushels, and none
would be surprised to see a like revision
this year The price in spite of good ex-
ports has fallen A-cent, for Western re-
cepts have been 1869, 455 bushels in two
weeks against 1863, 1876 last year, and corn
exports 6,0S3212 bushels. against 4351,;Sl.
The feeling is not unreasonable that for
eign needs are just now well indicated by
the corn movement.
Al this season cotton shipments are al
ways small and hopes and fears rule the
market but prices have declined during
the week a sixteenth, with a little less
buying on foreign account.
Large Demand for Iron.
Extraordinary efforts to increase the iron
output failed in August partly because
stoppage of a lew large furnaces for re-
pairs more than balanced the addition of
thirteen small furnaces to the producing
force, and partly because hot weather
prevented fun production The reported
output, 267 ,335 tons, against 267672 Aug. l,
with decrease of q, 3i7 tons in Unsold stocks
indicates a consumption of l209012 tons
during the month";
Purchases of $4,000 tons Bessemer and
5000 tons other iron are reported with
advance of Bessemer to $23.25 a PitIsburg,
but quotations are wild because of prem
iums paid for early. delivery. Plates at
the east and common bars at Pittsburg
are 81 per ton higher, and wire nails
have again been advanced 50 per ton. Or
ders for plates include several for export
and one for a vessel in the Delaware river
with one for Venezuela al Pittsburg, but
many for all forms are refused, because
the works are una BILE 10 fill them on time
and some orders of much importance have
been Withdrawn at the West on account
of the delay unavoidable and the high
prices charged.
Heavy Sales of Wool.
The heavy sales of wool, 12,056,000 pounds
for the week and q, 49, 100 pounds for two
weeks, against SO 500, 400 pounds in 1897, are
largely due to heavy manufacturing pur-
chases at Boston, but there as elsewhere,
the buying is mostly based on expectation
that London 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 ia last year,
and % in Canada, against % last year.