The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-16
COULD NOT BIZ BETTER
FAVORABLE CONDITIONS OF THE
BUSINESS OF THE COUNTRY
FOR AUGUST
COMMERCE TELLS. THE TALE
United States Led All Other Coun-
tries in the Volume of Business
Done-Great Movement of Grain
One of the Encouraging Features
-ExtraOrdinary Efforts to In
crease Iron Output Continues.

NEW YORK, Sept. 15.-R. G. Dun &
Co.'S weekly review Of trade will say:
'Better than all other news, the rec
Eord Of August shows the relation of Unit
| ed states business to; that of other
countries Exports We're S21 GS2,S15 larger
than ever before in August. and exceeded
| imports by $37, ,929, 699, partly because ex-
ports of staples were S, ,966, 97S larger than
last year, but also because exports of
other products, mainly manufacturing,
were $40, coo larger than last year, and
! larger than any other month Of any year.
| Fears that great adtaris,a III prices might
shut off exports of manufactured products
have not been unnatural, and 1t is most
gratifying to find that such exports con-
t.nue and expand. The. excess of exports
over imports gives fair promise of as
large a balance III foreign tr1fle to the
benefit Of this county during tie win er
as has ever been seen. That manufac-
tured exports 10 not fall off, bat are
larger than eve- is both surprising and
gratifying. The volume of business now
in progress has never been rivaled
"The great movement of grain, in wheat
and -four, little larger than last year
in August, and in two weeks of Septem-
Der 5,020, ,273 bushels, !louf included from
Atlantic ports, againse 5,123,016 last year,
and from Pacific ports 1868 bushels,
against 364 144 last year,s is far more eff
fective in preventing a decline in prices
than any official or unofficial estimate Of
yield Government reports indicate a
l-a hut
last year the September report indicated
$50, 900 900 bushels, and afterwards the Of
fetal return made IT '6775,0 1000 bushels.
One would be surprised to see a like
revision this year. The price, in spite OF
good exports, has fallen ono quarter Of
cent, for Western receipts have ieen 49,
66a, ,455 bushels in two weeks, against H.
6i2 .S95 last year, and cpfn exports $685.,
PIP bushels, against tSSi51,3s@@1 The feeling
is not unreasonable that foreign needs are
lust now we'll indicated by the corn move
ment.
cat this season cotton Shipments are
always small, and hopes or fears rule the
market but prices have declined during
the week a sixteenth with little less
buying on foreign aceqiltlt
"Fixtraordinary efforts to increase the
iron-output failed fa2 August. partly he
cause the stoppageo q few large fur
nnaces for repairs more than balanced
the addition of. thfrfefa small furnace;
to the producing forces and partly he
cause hot weather pfeJealtad full 1,roduc-
ton The reported eRtput, 257 $50 tons,
against 67,612 August last, with "a de-
crease of q, ,347 tons iii {Rnsold stocks, in
dicates consumptiofEafs1 i 200, 012 tons dur
ing the month PuFelEases of &C, 900 tons
Bessemer and 10000 torssof other iron are
reported with advance in Bessemer to
$23.50 at Pittsburg, bus quotations are
wild, because of premiums paid Tor early
delivery Plates at the East and common
bars at Pittsburg are 81 per ton n(higher,
and wire nails have again been advanced
50 per ton. Orders for plates include
several for export. and one for a vessel
in the Delaware riveE with one for Ven
ezuela at Pittsburg,4 but many for all
fors are refused because the works are
unable to fill them on time, and some or
ders of much Importance have been with
drawn at the West on account of the de-
lay unavoida bic and. the high prices
charged.
The heavy sales Of wool, II, ,o56, 900
pound for the week and q 2S2, 100 for two
weeks, against 6,6za, 404sin 1883, are large
ly due to heavy manufacturing purchases
at Boston, but there, as elsewhere, the
buying is mostly based on expectation
that London sales beginning next Tues
day, will show ain irnnortant advance.
Prices here are stiff and the demand for
wColen goods of all sorts is strong
Failures for the9Week have been 149
In the United States against ia last
year. and 30 i'll Canada against % last
year.