The evening times., 1899-09-16
RECORDS OF COMMERCE.
An UnrivnIed Volume of Business
Now Existing.

Now Existing.
NEW YORK, Sept 16.-Duns today
said: Better than all other news. the
record of August commerce shows the re-
lation of United States business to that OF
other countries. Exports were 500. .0s2. .S75
larger than ever before in August, and ek-
ceeded imports by s37,929, ,699, partly be-
cause exports of staples were SCISSORS
larger than last year, but also because ex-
ports of other products, mainly manufac
turing, were 10,349, 600 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 manufac-
tured products have not been unnatural
and it is most gratifying to find that such
exports still continue to expand. The ex
cess of exports over imports gives fair
promise of as large balance in foreign
trade to the benefit of this country during
the winter as has ever been seen. That
manufactured exports do not fall OF, but
are larger than ever is both surprising
and gratifying.
'The volume of business now in progress
has never been rivaled. Clearing house
payments in the second week of Septem-
ber were 1872 per cent larger than last
yCdi, anu Jo.J pea Ccut tudu III 1o0--
Railroad earnings in the first week OF Sep
tember We're 81 per cent larger than last
year and 13.1 per cent larger than in 1892.
Yet the stock market has been hindered
and closed $1.45 per share lower for rail-
roads. and SLIT lower for industriais.
1.-THE great movement of grain is far
more effective in preventing decline IN
prices than any official or unofficial esti
mate of yield. Government reports indi-
cate a wheat crop of only 516,000,000
bushels, but last year the September report
indicated 585 900, 900 bushels and after
wards the official return made it 615. 900, 900
bushels, and no one would be surprised To
see like revision this year. The price in
spite Of good exports has fallen one quar-
ter of a cent. AT this season cotton ship
ment 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 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-
vented full production. The reported out
put indicates a consumption of 1.209, ,012
tons during the month. The heavy sales OF
wool are largely due to heavy manufactur
ing purchases at Boston. but there, as
elsewhere. the buying is mostly based on
expectation that London sales, beginning
next Tuesday, will show an important ad-
vance. Prices here are stiff, and the de-
mand for woolen goods of all sorts is
strong.
Foreign exports from New York for the
week were slightly less than last year in
amount, with imports nearly so per cent
larger. The New York banks are doing
practically nothing in commercial loans,
but are sending s750,000 this week 10 the
interior and paying 5000, ,oGO to the treasu
ry. Failures for the week have been 149
in the United States against ia last year
and "a in Canada against % last year"