Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-09-19
A NEW RECORD.
Americas Exports for Month of Aug.
ust Largest Ever Known

New York, Sept. 16.-" Better than
all other news. the record of August
commerce shows the relation of United
States business TO that of other coun-
tries. Exports were Ss0,0s2, ,S75 larger
than ever before in August, and eS-
ceeding imports by $37 7.929,699, partly
because exports of staples We're $9,-
'366.97s larger than last year, but also
because of exports of other products,
mainly manufacturing, We're $40 ,349,00u
larger than last year, and larger than
any other month of any year.
Fears that the great advance in
prices might shut off exports of man
ufactured products have not been un-
natural. and it. is most gratifying to
find that such exports continue and ex-
pand. The excess of exports over I'M
ports 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 manufacture
ed EXPORTS do not fall off, but are lar
ger than ever, is surprising. The vol
ume of business now in progress has
never been rivaled."
Heavy Ne .ement OF Grain.
After citing the foregoing facts as
evidence of the present national pros
peritv. r. G. Dun & Co.'S Weekly Re-
view of Trade, issued today, contin.
ues:
The great movement Of grain--in
wheat and -four a little larger than last
year in August, and in two weeks Of
September 5,92Q,273 bushels, flour in.
cluded, from Atlaptic ports, against
5,423, ,0T6 last year, and from Pacific
ports 1859 bushels, against 1864, ,14i
last year@is far more effective in pre-.
venting a decline insprices than any
official or unofficial estimate of yield
Government reports indicate wheat
crop of only 516,000,000 bushels, but
last year the September report indicat.
ed 53o,0OO,o00 bushels, and afterward
the official return made it 75,00O,0Hl
bushels. One would not be surprised
to see like revision this year. The
price, in spite of good exports, has fall
en- one-quarter OF cent, for western
receipts have been 13,669,455 bushels il
two weeks, against IA, ,663,S95 last year
and corn exports 6,0S3,21s bushels
agaipe. 1851 ,331. The feeling is rot
unreasonable that foreign needs are
lust now well Indicated by the corn
movement.
AT this season cotton shipments are
ALWAYS small and hopes or fears rule
the market, but prices have declined
durino the week sixteenth, with
a little less buying on foreign ac-
count.
Continued Activity In Iron.
Extraordinary efforts to increase ths
iron output failed in August, partly oe
cause the stoppage of a few large fur
naces for repairs more han balanced
the addition of thirteen small furnace.
to the producing force, and partly be
cause hot weather prevented full pro
duction. The reported output-267, ,35.
tons, against 267,672 August with !:
decrease ofs22,347 tons, in unsold stock.
indicates consumption of 1,209,01s
tons during the month. Purchases O
10000 tons Bessemer and 10000 tons o.
other iron are reported, with an ad
vance in Bessemer to $3.50 ut Pitts
burg, but quotations are wild BECAUSE
of premiums paid for early delivery
Plates at the east and common bars al
Pittsburg are 81 per ton higher, ant
wire nail. have again been advance,
So per ton. Orders for plates incinhe
several for export and one for a vesse
in the Delaware river. with one fol
Venezuela at Pittsburg, but many fo,
all forms are refused because the works
are unable to fill them on time, ant
some orders of much Importance hav.
been Withdrawn at the west on accoun
of the delay unavoidable and the higl
prices charged.
The heavy sales of wool-12, ,056 Oct
pounds for the week, and 21,2S2, 100 To-
two weeks, against 36,629,400 in 1895
are largely due TO heavy manufa,.ur
ing purchases, at Boston, but there, a
elsewhere, the buying is mostly oaset
on expectation that London sales, be
ginning next Tuesday, will show nj
limportant advance. Prices here ar,
stiff. and the demands for woolei
goods of all sort is strong.
Failures for the week have been Ia
in the United States, against Ia las
year, and thirty-two in Canada, agains
23 last year..
Fall Trade at u Mnximum.
Bradstreet's says:
With comparatively little stock O
other speculative activity. and with few
strongly new features presenting them
selves. the general business of the coun
| try goes forward alta good pace and i,
unprecedented volume for this pcrlo,
of the year. Fall trade activity won),
appear to be at its maximum, iudgin.
from advices of activity and strengtl
of demand reported alike from western
and eastern markets, and shared ais
| by most South Atlantic ard interio
southern cities. Lumber retains all it
cid strength, and some new buying i
responsible for advanced quotations Il
| several centers. This is true also e
most building materials, with sthe ey
ception of brick, which is rather veal
owing to reported overproauction.
/ Wheat, including flour, shipments 70
the week, aggregate 4,10o,0U0 brshel:
Iagainst 4,35s,9O6 last week, s,675,291 i
1898, 6,2S9,94S in 1897, 3,566,322 in 1896
and 2,53s.OS5 in 1895. Since July
| this season, the exports aggregate A.
012,79S bushels, against 3G.45a,U9l las
year, and 44,Oo2. 700 in 1S07-9S
Corn exports for the week aegregat
| 100000 bushels, against 4,SSs6,s.:: las
week, 2,5S1soO a year ago, 1901 .Q0e i
1897, 2,394,Ts7 in. 1895, and 1,605,g9s i
1895. Since July 1, this season, the e,
ports aggregate 49,300,545 bnshel
against so,ass,s72 a year ago, and 81