New-York tribune., 1901-08-16
HEAVY EXPORTS IN JULY.

Preliminary statistics of foreign commerce for
the month of July makes most satisfactory ex-
hibit the total value of the five PRINCIPAL stapIes
exported reaching $50, 1858 O55. an increase of 50
4OS45I over the same month last year, and
much more over earlier years. In seven months
OF the calendar year the total value of these
commodities sent abroad was S47S 24S, ,S26. or
over 10 per cent more than in the same period
last year. The opening of the new fiscal wear
with such a material gain in the value of prod
uce exported is noteworthy on two accounts
NOT only Is comparison made with a year that
far exceeded all previous records. but in the
three most important articles there has been
considerable decline in prices, so that the rise
in value indicates a large expansion in the VOL
ume of foreign purchases. The better showing
must be dishearteninS to the prophets of evil
who have persistently predicted the end of our
favorable trade balance through the retaliation
Of European nations. But people abroad must
be fed, and their cereal crops are unusually de-
ficient this year, while never equal TO reouire-
ments. For their clothing and light no other
market offers as favorable terms, and II would
be poor policy to legislate against these neces-
saries of life.
July is usually light month in the move
ment Of breadstuffs. as the new crop has onlv
Just begun to come forward, but this wear
shipments were valued at $24 16S,O76. an
amount never exceeded in the corresponding
month, and seldom even in later months when
harvests are completed. The large increa So
over last years figures was secured in the face
of loss in corn amounting to S997 O66 bushels
in quantity and $4,0302S in value the high
prices prevailing in this country cutting shin
ments down 56.4 per cent. Wheat furnished
most Of the increase exports rising from $50 =
S95 bushels to 1888 Ala bushels while the value
9 o.
four and a half bushels of wheat to one barrel
OF flour. the exports Of wheat flour were eouiv-
alent to 6,979,230 bushels wheat making the
total of wheat 1885,. .644 bushels There were
trifing gains in oats and rye, but the move
ment Of barley continues insignificant Ex-
ports Of cattle were not exceptional, but about
the average for recent years. In beef products
both fresh and canned. there was a material
gain. A loss in quantity of bacon was more
than made up by higher prices. while lard ship
ments increased nearly $1,00O,0O0 in value
Butter continues its remarkable advance. the
gain for seven months of the calendar wear
amounting to over 222 per cent On the other
hand cheese shipments decreased. especially for
the pork of New-York and across the northern
border. The total value of provisions exported
was close to the top record. Cotton goes out
freely. 235237 bales being exported in July.
against 156,00S bales last year. and despite the
loss of IL cents pound in average price the
total value was $1024691S, or 81. .599, 80 more
than a year ago. For eleven months of the crop
year exports were valued at $310 $40 $50, far ex-
ceeding any other full year. owing to the high
average price OF 94 cents although the quantity
of 647233S bales falls below three other years
when quotations averaged less than six cents a
pound In cotton. as in breadstuffs 1t is the
season Of lightest movement and this years ex-
quantity of petroleum sent out the figures are
close to the top. but low prices make the value
of July exports little above the average in the
previous eighteen months