New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-14
TILE N1TLON,S ENPORT TRADE.

mn M IIDN > IAlONI IHIDIs
The statement OF exports in February Of
which only the summary has been given. shows
decrease of SG0000O0 compared with last
year, but does not indicate in detail such gen
cral loss rs might bc supposed The exports
Of wheat largely Increased in quantity. amount
ing -four included. to 17,0l07ll bushels against
130l@j02 bushels last year. and II was only
because the price averaged more than 20 cents
lower that the value was n little over Sl.00,00O
less, the loss I'm this ono item exceeding the on
tire loss in breadstunS. Moreover, these large
foreign purchases werc made AZ m average
price considerably higher than in the previous
six months, and higher than the price ruling
since March began, while last years price was
extraordinary owing TO the Letter speculation,
and sharply reduced the exports. The exports
Of corn were smaller than last year or i'm rc
cent months, with meal amounting 10 1I929,-
O77 bushels against 1861, S37 bushels last
year or the two grains the exports in eight
months ending with February -four and meal
included. were 1GG92G117 bushels of wheat
against 1J0O32 l9J bushels last year. and H.
2j1.19l bushels Of corn. against IL, 49, 40
bushels last year. exceeding for The two grains
last years unprecedented movement by more
than 100000 bushels.
The decrease in cotton exports naturally ac-
compancd III" heavy decline in port receipts
and the advance IN price. considering that for
eien purchases during the last half-year have
exceeded last years by more than 20O0OO00O
pounds. or 355 800 bales while foreign com
mcrcial and mill stocks arc about GDoOo0 bales
larger than last year The average export price
in Fcbruary-G1 cents against 30 cents last
yearly TO means corresponds with the adj
vance in the latter part of the month, which
operated strongly to check the outgo. While
commercial stocks hero are about 100000 bales
smaller than year aco. owing TO decreased
receipts in the last six weeks the loss IS partly
balanced by heavier mill stocks. and the future
now depends upon the quantity remaining upon
plantations which the higher price may call
out
Although exports Of oil were only j1.659.2S0
gallons, agains, G1.ool.13l gallons last year, an
advance from IS cents 10 GO cents in price
more than comTcnsatcS 50 that the value was
S34O333l against S2.99s.7l4 last year. No rea-
son appears for supposing that some increase
may not hc seen in other months. In pro-
visions n decrease appears Of about S1.oOO,OO0.
not By any means universal In pork there
was I'm increase Of about ca per cent in quan-
tty. with some in value and in lard some in
~
nearly fivcfcld. with some advance in price. and
also in cheese though the quantity diminished.
Exports II hams were about equal to last
years bat there was decline of nearly
quarter in bacon Exports Of canned and fresh
beef were about equal 10 last years. but con
siderable decline appears I'm salt beef. with
some advance in price. and decline OF about
half in cattle with prices higher. The value
Of all the principal products exported was ST.. II
O09.l3 last year and only S55.9S9.S9l in Feb
ruary this year. Int the problem remains how
far the exports Of other products have been
affected 10y the recent rise I'm prices of many.
For these remaining exports were in v,luc So
970.O0U In January, against $3J.2jO.O0O last
year, and similar Increase in February would
90 far "a. balance the decrease in the principal
products.
In the most important OF the remaining
classes the products Of iron and steel the adj
vance in prices has been great that a de-
cline might have resulted instead of the in |
of 81 $50 600, or 81 per cent. in January
though II is noted in current dispatches that
some orders Of considerable Importance are
still being taken for export. 4 far more i'm
pOrtaut fact Is that the great works are largely !
occupied with orders taken months ago. be- !
fore prices advanced. and these were in part |
on foreign account. Products will be shipped |
against them whenever finished, without re- |
gard TO current prices contracts. Hence |
exports may continue on such old orders for |
time after prices have prevented the |
placing OF more for similar articles In a meas |
ire the same consideration applies TO exports |
OF leather. which were II per cent more I'm |
January OF last year Exports OF copper and |
It's manufactures were n sixth smaller than In !
January last year, owing IN part 10 advancing !
prices, and In tobacco ! per cent smaller, and |
1t would not be surprising II some foreign bust |
ness should be lost In these lines But In the |
great variety Of manufactured products which |
constitute the bulk Of remaining exports there
has been no such change rs TO render prob
able material decrease in shipments while
In nearly all the exports are row. and for
some time Will be, in the execution of orders
placed before last months change In the range
Of prices