New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-07-23
MONEY AND BUSINESS.

Foreign trade during the fiscal year ending
June 80 exceeded all records, and almost
reached 50, $50, 900 900. But these figures alone
do not begin to show the great progress of this
Nation in International affairs. While exports
have increased over $500, O0OO0O in four years
imports have gained only S7OO0OOOO or less
than a seventh Nor is this all the gratifying
news contained in the annual statement Three
years age net imports of gold paid off over
100000 900 Of foreign indebtedness to this
country; two years ago only half that amount
was paid while last year, in addition to a
trade balance of $685. 600 there was ex-
ported So, 436,772 more gold than was received.
In the current year thus far merchandise ex-
ports from this city alone have increased nearly
30 per cent over the part of last year
while imports show scarcely any change
Nevertheless So, OO0,OO in gold was sent abroad
Thursday. These figures emphasize the
marvellous strides being made by this country
toward impregnable supremacy in the worlds
business and finance
In many of the egreat industries manufact-
urers receiving more orders while some
wheels have been started by settlement of dis
putes over wages. Recovery is slow in iron and
its products, which is reasonable as the initiation
was unusually severe. Recent reductions in
quotations have started moderate buving
although the total new business at Pittsburg
has been light thus far There were sales of
some size at Chicago, especially of bars makers
of implements resuming operations after long
delay on account Of crop uncertainty Coke
production has been decreasing because of idle
iron mills but Improvement will soon follow if
the gain in metal working continues Tin has
been advanced to 30 cents. but the actual bust
ness is small and the advance was due to
manipulation here and at London
Eastern boot and shoe manufacturers are
still waiting for orders but in most cases hold
ing tenacously to former prices AS a result
shipments from Boston light. for the year
thus far falling more than 10000 cases below
those of 1899 Western makers are doing better
and there is reason to believe that heavy
stocks were not accumulated out there at high
prices. which seems to be the complaint further
East. More activity is noticed in the leather
market, and sales of packer hides, although at
lower prices. indicate increased manufacturing
Many woollen mills remain closed, and manu-
facturers are delaying opening sales of light
weight goods to an unusually late date These
conditions are not helping the market for raw
material, but some activity followed the adj
vance at the London auction sales.
Closing Of Fall River cotton mills has not
caused much activity in regular print cloths
but has prevented any further decline in prices
Owners OF Southern mills are disturbed by the
prospect Of decreased exports to China but clear
headed spinners appreciate the fact that CON
sumption in the Far East will ultimately he
greatly increased result OF present troubles
Shipments were made to China from the
port OF New-York last week. but most orders
have been postponed for month or two. al
though few were cancelled. The raw material
dropped sharply. but recovered to 10 cents
pound when Mr.. NELL started purchasing at
Liverpool by statements regarding the crop
Cotton closed strong in spite of unusually heavy