Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-16
DUN'S REVIEW OF TRADE.

NEW YORK, September 15.-R. G..
Dun G Co. IS weekly review of trade will
say 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 S20,-
082,S75 larger than ever before in All
gust, and exceeded imports by S37 $685.
$50, partly because exports of staples
were S9,366,97S larger than last year,
but also because exports of other pro-
ducts, mainly manufacturing, were Sl0,-
$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
it is most gratifying to find that such
exports still continue and expand. The
excess of exports over imports gives
fair promise of as large balance in
foreign trade to the benefit of this coun>
try 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 prog
ress has never been rivalled.
The great movement in grain, in
wheat and flour little larger than last
year in August and in two weeks in
September 1929 bushels. -four in
cluded, from Atlantic ports, against
5,423,076 last year, and from Pacific
ports 1850 bushels against 964 IA
last year, is far more effective in pre-
venting a decline in prices than any
official of unofficial estimate Of the
yield. Government reports indicate d
wheat crop Of only 516,0O0,000 bushels,
but last year the September report in
dicated 565 100000 bushels and after
wards the official return made it 675,-
100000 bushels and none would be sur
prfsed to see a like revision this year.
The price in spite of good exports has
fallen one-quarter of a cent for west
ern receipts have been 13,669,455 bush
els, in two weeks, against IA, 663, 895
last year, and corn exports, 6,0S3212
bushels against 4351.331. The feeling
is not unreasonable that foreign needs
are just 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 duriHg the week a six
tenth, with a little less buying on for
eign account.
Extraordinary efforts to increase the
iron output failed in August partly be-
cause stoppage of a few large furnaces
for repairs more than balanced the adj
dition of thirteen small furnaces to the
producing force, and partly because hot
weather prevented full production. The
reported output, $685. tons, against
1872 tons August l, with decrease of
22,347 tons in unsold stocks, indicates
a consumption of 1,209,012 tons during
the month. Purchases of $4,000 tons
Bessemer and 10000 tons other iron are
reported with advance of Bessemer to
$685. at Pitts5urg, but quotations are
wild because of premiums paid for early
delivery Plates at the east and COM
mon bars at Pittsbnrg are 81 per ton
higher, and wire nails have again adj
vanced So per ton. Orders for plates
include several for export and one for q
vessel in the Delaware river, with one
for Venezuela at Pittsburg, but many
for all forms are refused because 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. 1906, 900
pounds for the week and 21.282, 100 for
two weeks, against $685., 400 in 1897,
are largely due TO heavy manufacturing
purchases at Boston, but there as else
where the buying is mostly based on
expectation that London sales 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.